Mindpool Technologies IPO: GMP, Price, Issue size and Dates

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Mindpool Technologies IPO is all about to make its debut on 14 Feb 2019 with issue size of INR 3.60cr

Founded in 2011, Mindpool Technologies Limited is a Pune-based firm that offers IT staffing and solutions, corporate training services, and Oracle Consultancy Services. In India and the US, the company provides these services across a variety of sectors, including automotive and engineering, banking and financial services, healthcare, retail, and entertainment.

By March 31, 2018, the business had worked with 22 clients. Clairvoyant India Private Ltd, Herbalife International India Private Ltd, HTC Global Services (India) Private Ltd, Inspirage Software Consulting Private Limited, Opalforce INC, and others are some of the company’s major clients.

INDUSTRY OVERVIEW 

Due to an uptick in international trade and a recovery in advanced economies’ investment, the world’s growth in 2017 grew to 3.8%. Europe, emerging Asia, and commodities exporters all displayed signs of expansion. With growth predicted to reach 3.9% in 2018–2019, the trend is anticipated to continue thanks to the United States’ expansionary fiscal policy and positive investor mood. However, due to possible weak development in advanced economies, the growth rate is anticipated to fall to 3.7% in the medium future. The gap in income between emerging market and developing economies and advanced economies may not diminish, even though both will remain close to their 2018–19 levels. The adverse risks include possible financial vulnerabilities, geopolitical difficulties, and policies that are self-centered. Reforms must be implemented by policymakers to support growth and increase financial stability.

Mindpool Technologies IPO Details

IPO DateFeb 14, 2019 to Feb 20, 2019
Listing DateFeb 28, 2019
Face Value₹10 per share
Price₹30 per share
Lot Size4000 Shares
Total Issue Size1,200,000 shares(aggregating up to ₹3.60 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Global Surfaces IPO: GMP, Price, Dates and size

Company Financials

ParticularsFor the year/period ended (in Rs. Lakhs)
30-Sep-1831-Mar-1831-Mar-1731-Mar-16
Total Assets1,556.361,393.261,679.831,315.05
Total Revenue1,081.352,043.362,537.772,078.07
Profit After Tax146.19163.22129.25(33.42)

Objects of the Issue

The purpose of the issue is to:

1. A requirement for working capital of Rs 190.00 lakhs

2. Repayment of Rs. 44.00 lakhs of bank borrowings

3. Rs 33.40 lakhs for general corporate purposes

4. The issue costs were Rs 92.60 lakhs.

Mindpool Technologies IPO Prospectus

Company Contact Information

Mindpool Technologies Limited
Unit No. 102/9 1st Floor, Building
Building �C?, Pune IT Park,
Bopodi, Pune-411020
Phone: 020 66240088
Email: info@mindpooltech.com
Websitehttp://www.mindpooltech.com/

Mindpool Technologies IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttps://www.bigshareonline.com/

Mindpool Technologies IPO Lead Manager(s)

  1. Hem Securities Limited (Past IPO Performance)

Lead Manager Reports

  • IPO Lead Manager Performance Summary
  • IPO Lead Manager Performance Tracker

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