AAA Technologies is an IT and Information Security Auditing & Consulting Company that was established in 2000. The company provides a range of IT auditing services, including Information System Audit, Cyber Security, IT Assurance & Compliance, Information Security, and IT governance services. Its portfolio of products and services covers various areas of IT, such as operating systems, networking, IDS, web applications, ERP, core banking, ATM, forensic, websites, computer crime investigations, and more.
AAA Technologies caters to a diverse range of industries, including banking, financial institutions, insurance, NBFCs, government, Panchayats, municipalities, stockbrokers, education, travel & transport, hospitality, manufacturing, healthcare, power, and others. The company’s expertise in IT auditing and consulting has helped its clients ensure the security and integrity of their IT systems and infrastructure, thereby enabling them to achieve their business goals.
AAA Technologies IPO Details
| IPO Date | Sep 30, 2020 to Oct 5, 2020 |
| Listing Date | Oct 13, 2020 |
| Face Value | ₹10 per share |
| Price | ₹42 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,436,000 shares (aggregating up to ₹10.23 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
AAA Technologies IPO Tentative Timetable
AAA Technologies IPO opens on Sep 30, 2020, and closes on Oct 5, 2020.
| Event | Tentative Date |
| Opening Date | Sep 30, 2020 |
| Closing Date | Oct 5, 2020 |
| Basis of Allotment | Oct 8, 2020 |
| Initiation of Refunds | Oct 9, 2020 |
| Credit of Shares to Demat | Oct 12, 2020 |
| Listing Date | Oct 13, 2020 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Industry Overview
The IT and Information Security Auditing & Consulting industry has been growing rapidly due to increasing demand for cyber security and IT governance services across various industries. With the rise of digitization, companies are becoming increasingly vulnerable to cyber attacks and data breaches, which has created a need for specialized IT auditing and security services. This has led to a surge in demand for companies like AAA Technologies, who offer IT auditing and information security services to help businesses protect themselves against cyber threats.
According to industry reports, the IT and Information Security Auditing & Consulting industry is expected to continue growing at a strong CAGR in the coming years. Factors driving this growth include the increasing adoption of cloud computing and IoT devices, as well as the growing sophistication of cyber threats. As businesses become more dependent on technology and digital systems, the need for IT auditing and security services will only continue to grow.
Company Financials
Summary of financial Information (Restated Consolidated)
| Particulars | For the year/period ended (Rs in Lacs) | ||
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 1,420.38 | 942.83 | 1002.56 |
| Total Revenue | 1,424.74 | 1,047.49 | 1,040 |
| Profit After Tax | 369.80 | 206.02 | 99.97 |
Objects of the Issue
The net proceed from the IPO will be used towards following objectives;
- To use funds for expansion and development of business operations.
- To meet the working capital requirements and security deposit towards bank guarantees/LC.
- To meet issue-related expenses.
AAA Technologies IPO Prospectus
Company Contact Information
AAA Technologies Limited
278-280, F Wing, Solaris 1, Saki Vihar Road
Opp. L&T Gate No. 6, Powai
Andheri East, Mumbai – 400072
Phone: +91-22-28573815/16
Email: info@aaatechnologies.co.in
Website: http://www.aaatechnologies.co.in
AAA Technologies IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: aaa.ipo@linkintime.co.in
Website: https://linkintime.co.in/
AAA Technologies IPO Lead Manager(s)
- Chartered Finance Management Ltd (Past IPO Performance)
