Kody Technolab Limited

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//

Offer Documents

Kody Technolab IPO DRHP

Kody Technolab IPO RHP

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%