Xelpmoc Design and Tech Limited IPO

Xelpmoc Design and Tech Limited

Issue Open

Jan 23, 2019

Price Band

₹ 62 - ₹ 66

Issue Size

₹ 23.00 Cr

Credit of Shares to Demat

-

Issue Close

Jan 25, 2019

Bid Lot

200

Listing Exchange

BSE, NSE

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Built Issue IPO

Minimum Order Quantity

200

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Feb 04, 2018

Refunds

-

About the company:

Xelpmoc Design and Tech Limited is the provider of end-to-end technology solutions across Technology, Data Science and Design. The company occasionally provides operation support assistance to its clients. As on 30th June 2018, it has 65 full-time employees and over 23 clients base across four states in India.

Date of Incorporation: The Company was incorporated as ‘Xelpmoc Design and Tech Private Limited’ on 16th September 2015 at Bengaluru, Karnataka, India. Subsequently, it was transformed into a public limited company reframed to ‘Xelpmoc Design and Tech Limited’ on 2nd July 2018.

Promoters of Xelpmoc Design and Tech Limited: Mr Sandipan Chattopadhyay, Mr Srinivas Koora and Mr Jaison Jose are the promoters of Xelpmoc Design and Tech Limited.

Products and Services: It offers the products and services across two vertices:

  • - Technology Services: Progressive Web App Development, Mobile App Development, Prototype Development, and Query Optimization among others.

  • - Technology Solutions/Products: Data Science Capabilities.

Customer Segments: Xelpmoc Design and Tech Limited have diversified customer segments across Enterprises, Governments and Start-Ups sectors.

Some of it Clientele includes Tata CLiQ, NSDC, Mihup, Snaphunt and Woovly among others.

Objects of Xelpmoc Design and Tech Limited IPO: The core objectives of this issue include

  • - Acquisition of IT hardware and network gadgets for its Kolkata and Hyderabad development centres.

  • - Buying of fit-outs for its new centres in Kolkata and Hyderabad.

  • - Meeting Working Capital requirements for the Company.

  • - General Corporate Expenses.

Company Financials:


Summary of Financial Information (Restated)

Particulars

For the year/period ended (in Rs. Thousands)


31-Mar-18

31-Mar-17

Total Assets

246,042.65

187,207.82

Total Revenue

49,310.38

19,235.47

Profit After Tax

-35,032.34

-28,559.32

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