Kody Technolab Limited

Company Profile
Company Name Kody Technolab Limited
Open Date 15-09-2023
Close Date 20-09-2023
Exchange NSE SME
Lot Size 800 Shares
Issue Price ₹ 160 per share
Issue Size 1,720,000 shares
Application Amount ₹ 1,28,000
Recommendation Avoid
Kody Technolab Ltd was incorporated in the year 2017 and has its registered office in Ahmadabad, Gujarat. The Company is engaged in the business of Custom Development, AI Consultation & Implementation, IOT Services, and IT consulting services are designed to be efficient, reliable, and cost-effective. The Company works closely with its clients to understand their unique challenges and goals, and develop tailored solutions to meet their needs. The Company specializes in helping businesses undergo Digital Transformation by leveraging the latest technologies and trends. They Company has presence in USA, Canada and UK through its sales representative in that country from where it market services and solutions. As on 30th June 2023, the company had 106 employees on its payroll.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 115.14 238.03 1,452.54
Net Assets -171.16 -109.03 469.35
Total Borrowings 150.39 161.47 746.79
Total Revenue 248.15 384.01 1,095.24
Profit After Tax -10.80 62.14 318.11

Tentative Timeline

Opening Date 15-09-2023
Closing Date 20-09-2023
Basis of Allotment 25-09-2023
Initiation of Refunds 26-09-2023
Credit of Shares to Demat 27-09-2023
Listing Date 28-09-2023

Objects of the Issue

Funding Capital Expenditure toward setting up development center at gift city, Ghandhinagar.
Funding working capital requirements.
Repayment/ prepayment of certain borrowings availed by the Company.
General corporate purposes.

Contact Information

Registered Office Kody Technolab Limited 2nd Floor, Block-J, Safal Monde Near Iscon Mall, Near Rajpathclub, S.G Highway, Bodakdev, Ahmedabad - 380054
Phone +91-9377229944
Email info@kodytechnolab.com
Website https://kodytechnolab.com//

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000
Email kody.ipo@kfintech.com
Website https://kosmic.kfintech.com/ipostatus/

IPO Reservation

Other Shares Offered 50% of the net offer
Retail Shares Offered 50% of the net offer

Shareholding Pattern

Pre Issue Share Holding (Promoters) 100.00%
Post Issue Share Holding (Promoters) 73.01%

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