Mindpool Technologies IPO description – Mindpool Technologies is engaged in the business of providing Oracle Consultancy Services, IT staffing and solutions and Corporate Training Services across various industries including viz. banking and financial services, automotive and engineering, telecom, healthcare, Retail and Entertainment in India and US. As of 31 March 2018, it has served 22 clients and has 103 employees.
Its key clients include Herbalife International India Private Ltd, Clairvoyant India Private Limited, Inspirage Software Consulting Private Limited, HTC Global Services (India) Private Ltd. etc. The principal services of the company include:
- Oracle Consultancy Services: It provides services in Oracle EBS, Oracle SCM and Oracle SOA covering upgrade & support solutions. Its services include advising, building, implementing, managing and supporting Oracle solutions and operating Oracle systems for our clients.
- IT staffing solutions: Its services include manpower recruitment and outsourcing for clients, comprising permanent staffing solutions and flexi staffing solutions
- Corporate Training: It provides the training programs to assist the employees of the clients in building their IT skillsets, to improve their technological knowledge, enhance their soft skills etc.
Mindpool Technologies promoters – Ritesh R Sharma and Poonam R Sharma
| Mindpool Technologies – Upcoming IPO details | |
| Subscription Dates | 14 – 20 February 2019 |
| IPO Price band | INR30 per share |
| Fresh issue | 1,200,000 shares (INR3.60 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,200,000 shares (INR3.60 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Working Capital Requirements – INR1.90 crore
- Repayment of a portion of Bank Borrowings – INR0.44 crore
- General Corporate Purposes – INR0.33 crore
- Issue Expenses – INR0.93 crore
| Mindpool Technologies’ consolidated financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 26.3 | 25.9 | 20.8 | 25.4 | 20.4 | |
| Total expenses | 19.7 | 25.6 | 20.5 | 23.6 | 18.1 | |
| Profit after tax | 5.8 | -1.1 | 0.3 | 1.3 | 1.7 | |
Mindpool Technologies Contact Details
Mindpool Technologies LimitedÂ
Enzyme Tech Park, 1st Floor,142
Koramangala Industrial Layout, Hosur Main Road
5th Block Koramangala, Bangalore – 560095
Phone:Â +91 20 30226113
Email: [email protected]
Website:Â www.mindpooltech.com
Mindpool Technologies IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.60 |
| Day 2 | 0.74 |
| Day 3 | 0.87 |
| Day 4 | 0.94 |
| Day 5 | 1.98 |
Mindpool Technologies Valuation (For FY2018)
Earnings Per Share (EPS): INR5.54
Price/Earnings (P/E) ratio: 5.42
Return on Net Worth (RONW): 15.87%
Net Asset Value (NAV): INR34.53 per share
Registrar of Mindpool Technologies IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Mindpool Technologies IPO Allotment Status
Mindpool Technologies IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Mindpool Technologies
IPO Opening Date: 14 February 2019
IPO Closing Date: 20 February 2019
Listing Date: 28 February 2019
Listing Price on NSE SME: INR30 per share (no change from IPO price)
Closing Price on NSE SME: INR28.5 per share (down 5% from IPO price)
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