Issue Price
₹31
Per Share
GMP
NIL
Grey Market
Est. Listing
₹31
Expected Price
Min. Application
₹248,000
2 lots × 4000 shares
Incorporated in 1991, Canarys Automations Limited provides IT solutions in the space of Digitalization, Modernization, Automation, and Intelligence.The company has two business verticals:Technology solutions: This includes a multiple array of consulting solutions in Digitalization, Modernization, Cloudification, Automation, Transformation, and Intelligence. Technology expertise includes DevOps Consulting (Azure, GitHub, Atlassian, GitLab, etc.), Cloud Consulting (Azure, AWS, GCP), Digital Enterprise Solutions using SAP, MS Dynamics 365, RPA, Digital Applications, and Mobility Solutions.Water Resource Management Solution: This involves automation solutions to modernize irrigation water conservation and improve water use efficiency, Turnkey flood risk assessment and mitigation, cloud-based water utilization process automation for water sharing in rivers and canals, and SCADA gate control systems.Canarys Automations' solutions span across various industry sectors, including BFSI, Retail, Healthcare, Pharmaceutical, Manufacturing, Insurance, and more.The company has provided business applications to over 1000 customers. Besides India, the company has serviced customers from more than 10 countries. These include USA, UK, Canada, Germany, Singapore, Malaysia, Brunei, Australia, Srilanka and Indonesia. These customers come from diverse industries.
Canarys Automations Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 760,000 | — | ₹2.36 Cr | — |
| TOTAL | 15,172,000 | 100.00% | ₹47.03 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹124,000 |
| Retail (Max) | 13 | 52,000 | ₹1,612,000 |
| sNII (Min) | 14 | 56,000 | ₹1,736,000 |
| bNII (Min) | 68 | 272,000 | ₹8,432,000 |
| Particulars | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Revenue from Operations | 7547.28 | 5199.93 | 2578.22 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 852.51 | 455.81 | 210.42 |
| Net Worth | 2537.91 | 1683.44 | 1258.17 |
| Total Assets | 6377.89 | 4753.57 | 2003.04 |
| Reserves & Surplus | 1609.87 | 755.40 | 546.90 |
| Total Borrowings | 1415.61 | 879.33 | N/A |