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Canary Automations IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Bangalore and caters to Information Technology - Data Solutions sector. Indorient Financial Services is the merchant banker of Canary Automations IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 21st August 2023.
Canary Automations IPO open date is 27th September 2023 and close date is 3rd October 2023. IPO Allotment Date is 6th October 2023 and Listing date is 11th October 2023.Canary Automations IPO size is Rs 47.03 Cr. crores with IPO price of Rs 31.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Indorient Financial Services Limited is the book-running lead manager of the Canary Automations IPO. Link Intime India Private Limited is the Registrar and Market Maker is Alarcity Securities Limited for Canary Automations IPO.
Canary Automations IPO anchor investors are the below investors. The number of anchor investors in this IPO is 4.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Saint Capital Fund | 648,000.00 | ₹31.00 | ₹20,088,000.00 |
| Negen Undiscovered Value | 1,292,000.00 | ₹31.00 | ₹40,052,000.00 |
| VPK Global Ventures | 324,000.00 | ₹31.00 | ₹10,044,000.00 |
| FINAVENUE GROWTH FUND | 968,000.00 | ₹31.00 | ₹30,008,000.00 |
Canary Automations IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Canary Automations IPO, based in Bangalore, operates in the Information Technology - Data Solutions sector with a focus on tech solutions water mgmt solutions. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Canary Automations IPO size is ₹ 47.03 Cr. Crores with fresh issue size of Rs 47.03 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Canary Automations IPO is expected to be 6th October 2023, after the finalization of basis of allotment. Investors can check Canary Automations IPO allotment status on the registrars website, Link Intime India Private Limited. Canary Automations IPO refund dates are 9th October 2023.
Canary Automations IPO is expected to be listed on 11th October 2023.
The upper price band for the Canary Automations IPO is set at ₹ 31.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Canary Automations IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Canary Automations IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 3rd October 2023. After submission, funds are blocked until the basis of allotment of Canary Automations IPO is finalised.
The merchant banker for Canary Automations IPO is Indorient Financial Services Limited . Indorient Financial Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Canary Automations IPO RHP for further details.
The registrar for Canary Automations IPO is Link Intime India Private Limited. Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Canary Automations IPO through their official website or helpline.
Canary Automations IPO was subscribed 9.94 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 47.03 Cr.
Avg IPO Size (Sector Based)
:
₹ 23.76 Cr.
Sector: Information Technology - Data Solutions
SME IPO so far:
48
Merchant Banker:
Indorient Financial
SME IPO by BRLM so far:
47
City:
Bangalore
SME IPO so far:
27
Revenue (annualised):
₹ 74.52 cr.
PE
Ratio:
20.39x
Average Sector PE Ratio: 18.61x
Canary Automations IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Canary Automations Financial Review Page
Merchant Banker(s) of Canary Automations IPO: Indorient Financial Services Limited
Canary Automations IPO subscription was 9.94 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Canary Automations IPO listed at a listing price of 41.30 against the offer price of 31.00.
The current market price of Canary Automations is 34.25.
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