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IPO

CapitalNumbers Infotech Ltd

CapitalNumbers Infotech Ltd IPO

Status: Closed

Overview

IPO date

20 Jan 2025 to 22 Jan 2025

Face value

₹ 10 per share

Price

₹ 250 to ₹263 per share

Issue Size

6,440,000 shares
(aggregating up to ₹ 169.37 Cr)

Allotment Date

23 Jan 2025

Listing at

NSE

Issue type

Book Building - SME

Sector

IT - Software

Objectives of CapitalNumbers Infotech Ltd IPO

CapitalNumbers Infotech Ltd IPO Strategy

About CapitalNumbers Infotech Ltd

Capitalnumbers Infotech Limited was incorporated on July 10, 2012 as 'CapitalNumbers Infotech Private Limited', pursuant to a Certificate of Incorporation issued by the Registrar of Companies, West Bengal. Subsequently, Company was converted into a Public Limited Company and the name was changed to 'CapitalNumbers Infotech Limited' and a fresh Certificate of Incorporation dated June 18, 2024 was issued by the Registrar of Companies, West Bengal. The Company is engaged in the business of digital consulting and IT engineering offering end-to-end software development solutions to enterprises, and startups worldwide. It provides services in technological advancement, including Digital Engineering, Data Analytics, Artificial Intelligence/Machine Learning (AI/ML), Cloud Engineering, UI/UX Design and advanced technologies such as Blockchain and Augmented Reality/Virtual Reality (AR/VR). The Company has more than 500 IT professionals and consultants to serve more than 250 clients worldwide, delivering services from various locations across India. Mukul Gupta, the Chief Executive Officer is the Founder and Promoter of the Company, having experience in the IT industry. Prior to founding the Company, Mr. Mukul Gupta have several years of experience of leading global operations for major IT projects. The team excels in Cloud, Mobile, DevOps, Data Engineering and Application Development using React, Angular, .NET, Python, Node, PHP, Java, etc. They were able to develop a customer-centric focus that aims to fulfill their immediate business requirements and to provide them strategically viable, futuristic and transformative digital solutions. The Company also design, develop and maintain software systems and solutions, create new applications and enhance the functionality of customer's existing and new software products. The Company is planning to raise funds through IPO from public aggregating the issuance of 64,40,000 Equity Shares, consisting a Fresh Offer upto 32,20,000 equity shares and an Offer for Sale of o 32,20,000 equity shares.

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T&C*

Strengths vs Risks of CapitalNumbers Infotech Ltd

Know the pros & cons

Strengths

Acquire new accounts and deepen key account relationships,
Attract, develop and retain highly-skilled employees to sustain our service quality and customer experience,
Strengthen existing partnerships and enter into new partnerships with Independent Software Vendors,
Selectively pursue strategic investments and expansions.
Focus on efficiency and optimal utilization of resources,

Risks

The Company derives a significant portion of its revenues from clients located in the United States of America and United Kingdom. Any adverse developments in these markets could adversely affect its business.
Exchange rate fluctuations may adversely affect its results of operations as significant portion of its revenues and some portion of its expenditure is denominated in foreign currencies.
Its business will suffer if it fails to anticipate and develop new services and enhance existing services in order to keep pace with rapid changes in technology and the industries on which the company focuses.
The Company's success depends largely upon its skilled professionals and its ability to attract and retain these personnel. The industry where our Company operates is a highly skilled and technical employee intensive industry.
The Promoter Selling Shareholders, will receive the entire proceeds from the Offer for Sale. the Company will not receive or benefit from any proceeds from the Offer for Sale.
The Company requirew certain approvals and licenses in the ordinary course of business and the failure to successfully obtain/renew such registrations would adversely affect its operations, results of operations and financial condition.
The company may be unable to sufficiently obtain, maintain, protect, or enforce its intellectual property and other proprietary rights.
The Company may be party to certain litigations and claims during the course of its business. Any adverse decision may make us liable to liabilities/penalties and may adversely affect its reputation, business and financial status.
Its insurance coverage may not be adequate to protect us against all potential losses to which the company may be subject and this may have a material effect on its business and financial condition.
The Company may utilize a portion of the Net Proceeds to undertake inorganic growth for which the target has not been identified. In the event that its Net Proceeds to be utilized towards inorganic growth initiatives are insufficient for the cost of its proposed inorganic acquisition, The Company may have to seek alternative forms of funding.
Intense competition in the market for technology services could affect its pricing, which could reduce its share of business from clients and decrease its revenues and profitability.
Cyber risk and the failure to maintain the integrity of its operational or security systems or infrastructure, or those of its customers with which the company conducts business, could have a material adverse effect on its business, results of operations, financial condition and cash flows.
Its global operations expose it to numerous and sometimes conflicting legal and regulatory requirements, and violation of these regulations could harm its business.
The Company is dependent on information technology systems in carrying out its business activities and it forms an integral part of its business.
The implementation process of solutions may in some cases be time consuming, and any failure to satisfy its clients or perform as desired could harm its business, results of operations, and financial condition.
Any unfavorable publicity in service quality may cause the Company substantial costs which in turn could adversely affect its goodwill and its sales could be diminished.
If the company is unable to collect its receivables from, or bill its unbilled services to, its clients, its results of operations and cash flows could be materially adversely affected.
Its operating results could be adversely affected by weakening of economic conditions due to lock-down in all parts of World and other parts of world & other situation due to pandemic Covid-19.
The Company in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.
The Company relies on third-party data centers and cloud computing providers, and any interruption or delay in service from these facilities could impair the delivery of its products and adversely impact its business and results of operations.
The Compamny is heavily dependent on its Promoters and Key Managerial Personnel for the continued success of its business through their continuing services and strategic guidance and support.
Its marketing and advertising campaigns may not be successful in increasing the popularity of its products and offerings. If its marketing initiatives are not effective, this may adversely affect its business and results of operations.
The company incorporates third-party open source software into its customer deliverables and its failure to comply with the terms of the underlying open source software licenses could adversely impact its customers and create potential liability on it.
The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence its profitability adversely.
The company has not identified any alternate source of raising the funds required for the object of the Issue and the deployment of funds is entirely at its discretion and as per the details mentioned in the section titled "Objects of the Issue".
The Company may be party to certain litigations and claims during the course of its business. Any adverse decision may make it liable to liabilities/ penalties and may adversely affect its reputation, business and financial status.
If The company is unable to manage its growth effectively and further expand into new markets its business, future financial performance and results of operations could be materially and adversely affected.
The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
The determination of the Price Band is based on various factors and assumptions, and the Issue Price of its Equity Shares may not be indicative of the market price of its Equity Shares after the Issue.
The Company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
Its Promoters and Directors hold Equity Shares in the Company and are therefore interested in the Company's performance in addition to their remuneration and reimbursement of expenses.
The average cost of acquisition of Equity Shares held by its Promoters could be lower than the Issue Price.
The requirements of being a public listed company may strain its resources and impose additional requirements.
Its ability to pay dividends in the future will depend on its future cash flows, working capital requirements, capital expenditures and financial condition.
Its insurance coverage may not be adequate to protect the company against all potential losses to which it may be subject and this may have a material effect on its business and financial condition.
The company has not independently verified certain data in this Red Herring Prospectus.
Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.
The Company will continue to be controlled by its Promoter and Promoter Group after the completion of the Issue, which will allow them to influence the outcome of matters submitted for approval of its shareholders.
The Company is susceptible to risks relating to unionization of its employees employed by the company.
Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by its major shareholders may adversely affect the trading price of its Equity Shares.
There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE Limited in a timely manner, or at all.

CapitalNumbers Infotech Ltd Peer Comparison

Understand the company’s industry standing

InfoBeans Technologies Ltd

Silver Touch Technologies Ltd

Capitalnumbers Infotech Ltd

Face Value

Standalone / Consolidated

Consolidated

Total Income Rs. Cr.

383.75

227.2773

100.388

EPS-Basis

9.25

12.67

12.25

EPS-Diluted

9.18

12.67

12.25

NAV Per Share

121.73

89.01

31.73

P/E-Basic EPS

44.85

55.26

---

P/E-Diluted EPS

---

RONW(%)

7.6

14.23

38.62

Latest NAV Period

---

Latest NAV

---

How to check the allotment status of CapitalNumbers Infotech Ltd IPO?

Follow the steps

Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).

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The IPO opens on 20 Jan 2025 & closes on 22 Jan 2025.

CapitalNumbers Infotech Ltd IPO will close on 22 Jan 2025.

Acquire new accounts and deepen key account relationships,
Attract, develop and retain highly-skilled employees to sustain our service quality and customer experience,
Strengthen existing partnerships and enter into new partnerships with Independent Software Vendors,
Selectively pursue strategic investments and expansions.
Focus on efficiency and optimal utilization of resources,

S.No	Promoters Name	Pre Issue Shares	Pre Issue Percentage	Post Issue Shares	Post Issue Percentage
1	Mukul Gupta	11249027	53.04	9541007	39.06
2	Vipul Gupta	2132496	10.05	1808706	7.4
3	Herprit Gupta	7825427	36.9	6637237	27.17
4	Saroj Gupta	10	---	10	---

The Company derives a significant portion of its revenues from clients located in the United States of America and United Kingdom. Any adverse developments in these markets could adversely affect its business.
Exchange rate fluctuations may adversely affect its results of operations as significant portion of its revenues and some portion of its expenditure is denominated in foreign currencies.
Its business will suffer if it fails to anticipate and develop new services and enhance existing services in order to keep pace with rapid changes in technology and the industries on which the company focuses.
The Company's success depends largely upon its skilled professionals and its ability to attract and retain these personnel. The industry where our Company operates is a highly skilled and technical employee intensive industry.
The Promoter Selling Shareholders, will receive the entire proceeds from the Offer for Sale. the Company will not receive or benefit from any proceeds from the Offer for Sale.
The Company requirew certain approvals and licenses in the ordinary course of business and the failure to successfully obtain/renew such registrations would adversely affect its operations, results of operations and financial condition.
The company may be unable to sufficiently obtain, maintain, protect, or enforce its intellectual property and other proprietary rights.
The Company may be party to certain litigations and claims during the course of its business. Any adverse decision may make us liable to liabilities/penalties and may adversely affect its reputation, business and financial status.
Its insurance coverage may not be adequate to protect us against all potential losses to which the company may be subject and this may have a material effect on its business and financial condition.
The Company may utilize a portion of the Net Proceeds to undertake inorganic growth for which the target has not been identified. In the event that its Net Proceeds to be utilized towards inorganic growth initiatives are insufficient for the cost of its proposed inorganic acquisition, The Company may have to seek alternative forms of funding.
Intense competition in the market for technology services could affect its pricing, which could reduce its share of business from clients and decrease its revenues and profitability.
Cyber risk and the failure to maintain the integrity of its operational or security systems or infrastructure, or those of its customers with which the company conducts business, could have a material adverse effect on its business, results of operations, financial condition and cash flows.
Its global operations expose it to numerous and sometimes conflicting legal and regulatory requirements, and violation of these regulations could harm its business.
The Company is dependent on information technology systems in carrying out its business activities and it forms an integral part of its business.
The implementation process of solutions may in some cases be time consuming, and any failure to satisfy its clients or perform as desired could harm its business, results of operations, and financial condition.
Any unfavorable publicity in service quality may cause the Company substantial costs which in turn could adversely affect its goodwill and its sales could be diminished.
If the company is unable to collect its receivables from, or bill its unbilled services to, its clients, its results of operations and cash flows could be materially adversely affected.
Its operating results could be adversely affected by weakening of economic conditions due to lock-down in all parts of World and other parts of world & other situation due to pandemic Covid-19.
The Company in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.
The Company relies on third-party data centers and cloud computing providers, and any interruption or delay in service from these facilities could impair the delivery of its products and adversely impact its business and results of operations.
The Compamny is heavily dependent on its Promoters and Key Managerial Personnel for the continued success of its business through their continuing services and strategic guidance and support.
Its marketing and advertising campaigns may not be successful in increasing the popularity of its products and offerings. If its marketing initiatives are not effective, this may adversely affect its business and results of operations.
The company incorporates third-party open source software into its customer deliverables and its failure to comply with the terms of the underlying open source software licenses could adversely impact its customers and create potential liability on it.
The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence its profitability adversely.
The company has not identified any alternate source of raising the funds required for the object of the Issue and the deployment of funds is entirely at its discretion and as per the details mentioned in the section titled "Objects of the Issue".
The Company may be party to certain litigations and claims during the course of its business. Any adverse decision may make it liable to liabilities/ penalties and may adversely affect its reputation, business and financial status.
If The company is unable to manage its growth effectively and further expand into new markets its business, future financial performance and results of operations could be materially and adversely affected.
The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
The determination of the Price Band is based on various factors and assumptions, and the Issue Price of its Equity Shares may not be indicative of the market price of its Equity Shares after the Issue.
The Company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
Its Promoters and Directors hold Equity Shares in the Company and are therefore interested in the Company's performance in addition to their remuneration and reimbursement of expenses.
The average cost of acquisition of Equity Shares held by its Promoters could be lower than the Issue Price.
The requirements of being a public listed company may strain its resources and impose additional requirements.
Its ability to pay dividends in the future will depend on its future cash flows, working capital requirements, capital expenditures and financial condition.
Its insurance coverage may not be adequate to protect the company against all potential losses to which it may be subject and this may have a material effect on its business and financial condition.
The company has not independently verified certain data in this Red Herring Prospectus.
Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.
The Company will continue to be controlled by its Promoter and Promoter Group after the completion of the Issue, which will allow them to influence the outcome of matters submitted for approval of its shareholders.
The Company is susceptible to risks relating to unionization of its employees employed by the company.
Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by its major shareholders may adversely affect the trading price of its Equity Shares.
There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE Limited in a timely manner, or at all.

The Issue type of CapitalNumbers Infotech Ltd is Book Building - SME.

The minimum application for shares of CapitalNumbers Infotech Ltd is 400.

The total shares issue of CapitalNumbers Infotech Ltd is 6440000.

Initial public offer of upto 64,40,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Capitalnumbers Infotech Limited (the "Company" or "Capitalnumbers" or "Issuer") at an offer price of Rs. 263 per equity share (including a share premium of Rs. 253 per equity share) for cash, aggregating upto Rs. 169.37 crores ("Public Offer") comprising a fresh issue of upto 32,20,000 equity shares aggregating to Rs. 84.69 crores (the "Fresh Issue") and an offer for sale of upto 17,08,020 equity shares by Mukul Gupta, upto 3,23,790 equity shares by Vipul Gupta; and upto 11,88,190 equity shares by Herprit Gupta ("The Promoter Selling Shareholders") aggregating upto 32,20,000 equity shares by the promoter selling shareholders ("Offer for Sale") aggregating to Rs. 84.68 crores out of which 3,30,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 263 per equity share for cash, aggregating Rs. 8.68 crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. offer of 61,10,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 263 per equity share for cash, aggregating upto Rs. 160.69 crores is hereinafter referred to as the "Net Offer". The public offer and net offer will constitute 26.36 % and 25.01 % respectively of the post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 10 each. The floor price is 26.30 times of the face value.

CapitalNumbers Infotech Ltd IPO

Objectives of CapitalNumbers Infotech Ltd IPO

CapitalNumbers Infotech Ltd IPO Strategy

About CapitalNumbers Infotech Ltd

Strengths vs Risks of CapitalNumbers Infotech Ltd

Strengths

Risks

CapitalNumbers Infotech Ltd Peer Comparison

How to check the allotment status of CapitalNumbers Infotech Ltd IPO?

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What are the risks of CapitalNumbers Infotech Ltd?

What is the issue type of CapitalNumbers Infotech Ltd IPO?

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Total shares issue of CapitalNumbers Infotech Ltd IPO?

What are the objectives of CapitalNumbers Infotech Ltd IPO?