IPO Issue Details
Issue Price / Price Band₹42 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size24,36,000 shares (aggregating up to ₹10.23 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 30 Sep 2020
Subscription CloseMon, 05 Oct 2020
Anchor AllotmentTue, 29 Sep 2020
Basis of AllotmentThu, 08 Oct 2020
Initiation of RefundsFri, 09 Oct 2020
Credit of Shares to DematMon, 12 Oct 2020
Listing DateTue, 13 Oct 2020
UPI Mandate Deadline2020-10-05
Application & Investment Details
Retail — Min (1 Lots)₹1,26,000 — 3,000 shares
Retail — Max (13 Lots)₹1,638,000 (13 Lots)
HNI — Min (2 Lots)₹2,52,000 — 6,000 shares
Net Offer to Public23,13,000 shares (aggregating up to ₹9.71 Cr)
Reserved for Market Maker1,23,000 shares (aggregating up to ₹0.5166 Cr)
Pre-IPO Promoter Holding61,15,200 shares
Post-IPO Promoter Holding85,51,200 shares
About AAA Technologies Ltd.
Incorporated in 2000, AAA Technologies is an IT and Information Security Auditing & Consulting Company. The company offers a wide range of IT auditing services such as Information System Audit, Cyber Security, IT Assurance & Compliance, Information Security, and IT governance services.Its product and service portfolio covers IT services and auditing operating systems, networking, IDS, web application, ERP, core banking, ATM, forensic, websites, computer crime investigations, etc. AAA Technologies offer its services across industries such as banking, financial institutions, insurance, NBFCs, government, Panchayats, municipalities, stockbrokers, education, Travel & Transport, Hospitality, Manufacturing, Healthcare, Power, etc.Competitive Strengths• Great Quality IT and IT auditing & consulting Services.• Diversified customer base across industries.• Strong balance sheet and profitability growth.• Experienced promoters' team.• Well-designed capital structure with low dependency over debt.
Objects of the Issue
AAA Technologies Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Expansion and development of business operations across various cities in India
5.54
2
Working Capital Requirements (includingBank Guarantee)
3.93
3
General Corporate purposes
0.06
Shareholding & Lock-in
Pre-IPO Promoter Holding
61,15,200 shares
Post-IPO Promoter Holding
85,51,200 shares