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 Date | Feb 14, 2019 to Feb 20, 2019 |
| Listing Date | Feb 28, 2019 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 1,200,000 shares(aggregating up to ₹3.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
| 30-Sep-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |||
| Total Assets | 1,556.36 | 1,393.26 | 1,679.83 | 1,315.05 | ||
| Total Revenue | 1,081.35 | 2,043.36 | 2,537.77 | 2,078.07 | ||
| Profit After Tax | 146.19 | 163.22 | 129.25 | (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
Website: http://www.mindpooltech.com/
Mindpool Technologies IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Mindpool Technologies IPO Lead Manager(s)
- Hem Securities Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
