Xelpmoc Design and Tech IPO

Xelpmoc IPOXelpmoc IPO overview – Xelpmoc Design and Tech provides professional and technical consulting services, offering technology services and end-to-end technology solutions and support. Its clients range from entrepreneurs and start-up enterprises to established companies, engaged in e-commerce, transportation and logistics, recruitment, financial services, social networking, and various other industries. The company provides a wide range of services, including, mobile and web application development, prototype development, thematic product development and data science and analytics assistance. Xelpmoc also provides services to certain government organizations, including services to enhance and upgrade technology applications and infrastructure requirements.

Xelpmoc started its operations in Bengaluru, India, in 2015 and has since serviced enterprises across four states in India. Its business operations may broadly be categorized as technology services, and technology solutions/ products. It also occasionally provides business support to some clients to enable them to set-up their operations.

Xelpmoc Design and Tech promoters – Sandipan Chattopadhyay, Srinivas Koora and Jaison Jose
Xelpmoc Design and Tech – Upcoming IPO details
Subscription Dates 23 – 25 January 2019
Price Band INR62 – 66 per share (retail discount INR3 per share)
Fresh issue INR23 crore
Offer For Sale Nil
Total IPO size INR23 crore
Minimum bid (lot size) 200 shares
Face Value  INR10 per share
Retail Allocation 10%
Listing On NSE, BSE
Objects of the issue
  • Purchase of IT hardware and network equipment’s for development centers in Kolkata and Hyderabad – INR5.49 crore
  • Purchase of fit outs for new development centers in Kolkata and Hyderabad – INR4.09 crore
  • Funding working capital requirements – INR6 crore
  • General corporate purposes
  • Issue expenses
Xelpmoc’s financial performance (in INR crore)
FY2016 FY2017 FY2018 H1 FY2019
Total revenues 0.02 1.97 5.53 3.77
Total expenses 1.69 4.77 8.95 6.07
Profit after tax -1.67 -2.82 -3.43 -2.24
Net margin (%) -8350 -143.1 -62.0 -59.4
Xelpmoc Contact Details

Xelpmoc Design and Tech Limited 
#17, 4th Floor, Agies Building
1st ‘A’ Cross, 5th Block, Koramangala
Bengaluru – 560 034, Karnataka

Phone: +91 80 4370 8360
Email: [email protected]
Website: www.xelpmoc.in

Registrar of Xelpmoc IPO

Karvy Fintech Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
 +91 40 2343 1551 
 [email protected]
Website: www.karvyfintech.com

Valuation of Xelpmoc (FY2018)

Earnings Per Share (EPS): -INR3.81

Price/Earnings (P/E) ratio: NA

Return on Net Worth (RONW): -21.11%

Net Asset Value (NAV): INR29.47 per share

Xelpmoc IPO Subscription Details
Category Shares offered Subscription (no. of times)
Day 1 Day 2 Day 3
QIB 1,112,904 0.72 1.22 1.24
NII 556,451 0.04 1.65 7.68
Retail 370,967 0.24 0.79 2.63
Total 2,040,322 0.45 1.26 3.25
Xelpmoc IPO Allotment Status

Xelpmoc IPO allotment status is now available on Karvy Fintech’s website. Click on this link to get allotment status.

Listing Performance of Xelpmoc Design and Tech

IPO Opening Date: 23 January 2019

IPO Closing Date: 25 January 2019

Finalisation of Basis of Allotment: 30 January 2019

Initiation of refunds: 31 January 2019

Transfer of shares to demat accounts: 1 February 2019

Listing Date: 4 February 2019

Listing Price on NSE: INR57 per share (down 9.52% from retail IPO price)

Closing Price on NSE: INR59.85 per share (down 5% from retail IPO price)


  1. It is loss making so just 10% for retail investors. Issue is also very small so it will be oversubscribed in a day and no chance in retail category. Just forget it!

  2. This company has good management but losses in all the years are bad. Big losses are there even when it is not producing anything and has a bigger focus on intellectual work. This doesn’t inspire confidence.

  3. Mgmt is trustworthy. Sandipan Chattopadhyay is from IIM K and worked as CTO of Just Dial and Srinivas Koora also worked as Just Dial as deputy CFO. The third guys Jaison Jose was a partner at Quess Corp.
    Losses are understandable as the company is new but more important is promoter integrity. I dont think we should have integrity concerns with these experienced guys.

  4. Company is into losses, deals with startups, some of the customers/startups mentioned in the prospectus and website of the Company;
    4Tigo (funded by Accel and the tech guru Nandan Nilekani of Infosys), Mihup (funded by Accel), Snaphunt, Tata Cliq, Woovly, Knack, Kidsstopress.
    Accel is the investor in Swiggy, Flipkart, Ola and other great startups from India and Facebook (in USA). I see some stuff Xelpmoc is doing else people like Accel or Nandan Nilekani won’t invest.
    Startups ka duniya mein Profit and loss ka matlab nahi, valuations aur exit ka matlab hota hi. Roadshows mein promoters bhola INR 2.15 Cr ka investments 19.5 Cr value hein.
    Kuch alag company with alag business model with good experienced management from Just Dial and Quess corp.
    Seems interesting and promising. Buy after your research.


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