Canarys Automations Limited provides IT solutions in the space of Digitalization, Modernization, Automation, and Intelligence.
The company has two business verticals:
- Technology solutions: This includes a multiple array of consulting solutions in Digitalization, Modernization, Cloudification, Automation, Transformation, and Intelligence. Technology expertise includes DevOps Consulting (Azure, GitHub, Atlassian, GitLab, etc.), Cloud Consulting (Azure, AWS, GCP), Digital Enterprise Solutions using SAP, MS Dynamics 365, RPA, Digital Applications, and Mobility Solutions.
- Water Resource Management Solution: This involves automation solutions to modernize irrigation water conservation and improve water use efficiency, Turnkey flood risk assessment and mitigation, cloud-based water utilization process automation for water sharing in rivers and canals, and SCADA gate control systems.
Canarys Automations’ solutions span across various industry sectors, including BFSI, Retail, Healthcare, Pharmaceutical, Manufacturing, Insurance, and more.
The company has provided business applications to over 1000 customers. Besides India, the company has serviced customers from more than 10 countries. These include USA, UK, Canada, Germany, Singapore, Malaysia, Brunei, Australia, Srilanka and Indonesia. These customers come from diverse industries.
Canarys Automations IPO – Details
| IPO Opening Date | 27 September 2023 |
| IPO Closing Date | 03 October 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1,51,72,000 Shares Worth ₹47.03 Crore Fresh Issue: 1,51,72,000 Shares Worth ₹47.03 Crore |
| Face Value | ₹2 per equity share |
| IPO Price | ₹29 – ₹31 |
| Market Lot | 4000 Shares |
| Min Order | 4000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Canarys Automations IPO – Date Schedule
| IPO Open Date | 27 September 2023 |
| IPO Close Date | 03 October 2023 |
| Basis of Allotment | 06 October 2023 |
| Initiation of Refund | 09 October 2023 |
| Credit of Shares to Demat Account | 10 October 2023 |
| IPO Listing Date | 11 October 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Oct 03, 2023 |
Canarys Automations IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 4000 | 1,24,000 |
| Retail (Maximum) | 1 | 4000 | 1,24,000 |
| HNI (Minimum) | 2 | 8000 | 2,48,000 |
Competitive Strengths
- High Quality Standards.
- Value Creation Approach.
- Sustainability Focus.
- Customer Centric Approach.
- Skilled and Experienced Team.
Company Promoters
- Mr. Metikurke Ramaswamy Raman Subbarao
- Mr. Danavadi Krishnamurthy Arun
- Mr. Raghu Chandrashekhariah
- Mr. Sheshadri Yedavanahalli Srinivas
- Mr. Pushparaj Shetty
- Mr. Nagaraju Vineeth
Object Of The Issue
- Funding of expenditure relating to solutions development for digital transformation and water resources management solutions.
- Creation of new delivery centre including infrastructure thereof and upgrading existing facilities.
- Funding working capital requirements of the Company.
- General corporate purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 25.78 | 22.79 | 2.10 | 0 |
| 31 March 2022 | 52.00 | 45.77 | 4.56 | 8.79 |
| 31 March 2023 | 75.47 | 63.67 | 8.53 | 14.16 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 20.39 |
| Market Cap | 174.17 Crore |
| EPS (Rs) | 3.92 |
| RoNW | 31.64 |
Canarys Automations IPO Promoter Holding
| Pre Issue Share Holding | 77.49% |
| Post Issue Share Holding | – |
Canarys Automations IPO Prospectus
- Canarys Automations IPO DRHP
- Canarys Automations IPO RHP
Company Contact Information
| Canarys Automations Limited No. 566 & 567, 2nd Floor, 30th Main, Attimabbe Road, Banagirinagara, Banashankari 3rd Stage, Bengaluru – 560085 Phone: +91 98458 62780 Email: nagashree.hegde@ecanarys.com Website: https://ecanarys.com/ |
Canarys Automations IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: canarys.ipo@linkintime.co.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
Canarys Automations IPO Lead Manager(s)
| 1. Indorient Financial Services Ltd |
Canarys Automations IPO FAQs
| What is Canarys Automations IPO? Canarys Automations IPO is a SME IPO. The issue is priced at ₹29 – ₹31 per equity share. The IPO is to be listed on NSE SME. |
| When Canarys Automations IPO will open? The IPO is to open on 27 September 2023 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Canarys Automations IPO? You can apply Canarys Automations IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Canarys Automations IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Canarys Automations”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Canarys Automations IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Canarys Automations”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Canarys Automations IPO Size? Canarys Automations IPO size is ₹47.03 crores. |
| What is Canarys Automations IPO Price Band? Canarys Automations IPO Price Band is ₹29 – ₹31. |
| What is Canarys Automations IPO Minimum and Maximum Lot Size? The minimum bid is 4000 Shares with ₹1,24,000 amount while the maximum bid is 4000 shares with ₹1,24,000. |
| What is the Canarys Automations IPO Allotment Date? Canarys Automations IPO allotment date is 06 October 2023. |
| What is the Canarys Automations IPO Listing Date? Canarys Automations IPO listing date is 11 October 2023. The IPO is to list on NSE SME. |
