Business Standard

Canarys Automations Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

47.03 cr

Price Range (₹)

31

Lot Size

4000

Min Investment (₹)

1,24,000.00

Listing Exchange

NSE - SME

Open Date

27-Sept-2023

Close Date

03-Oct-2023

Listing Date

11-Oct-2023

Canarys Automations Ltd News

    The Shares of Canarys Automations Ltd have now been listed.

    Canarys Automations Ltd IPO Details

    Initial public offer of 1,51,72,000 equity shares of face value of Re. 2/- each (the Equity Shares) of Canarys Automations Limited (The Company or Canarys or The Issuer) at an issue price of Rs. 31/- per equity share for cash, aggregating to Rs. 47.03 crores (Public Issue) out of which 7,60,000 equity shares of face value of Rs. 2/- each, at an issue price of Rs. 31/- per equity share for cash, aggregating Rs. 2.36 crores was reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 1,44,12,000 equity shares of face value of Rs. 2/- each, at an issue price of Rs. 31/- per equity share for cash, aggregating Rs. 44.67 crores is herein after referred to as the Net Issue. The public issue and net issue shall constitute 27 % and 25.65 % respectively of the post-issue paid-up equity share capital of the company. The face value of equity shares is Rs. 2 each. the issue price is Rs. 31 per equity share which is 15.5 times of the face value.

    Objective of 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.

    Canarys Automations Ltd Contact Details

    Canarys Automations Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - nagashree.hegde@ecanarys.com

    Website - http://www.ecanarys.com