AAA Technologies IPO(SME) dates, price band, analysis

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As the IPO season continues, AAA Technologies coming with the IPO. it will hit on the Dalal street on 30th September 2020. the company aims an issue size of ₹10.23 crores through this Fixed Price SME IPO.

AAA Technologies Ltd

AAA Technologies is an Information Technology and Information Security Auditing & Consulting Company offering a platform that enables organizations to identify the issues of corporate governance of the information system in a computerized environment and execute security controls to safeguard information and information system.

Objective of the Issue

  • To use funds for expansion and development of business operations.
  • meet the working capital requirements and security deposit towards bank guarantees/LC.
  • To meet issue-related expenses.

Basic details about the company

SectorInformation Technology

Dates to remember

IPO Open30 September 2020
IPO Close05 October 2020
Basis of Allotment08 October 2020
Refunds date09 October 2020
Credit to Demat Account12 October 2020
 Listing Date13 October 2020

IPO details

Issue typeFixed price IPO
IPO issue size₹10.23 crores
Number of shares offered to the public2,436,000 shares
Face value₹10 per equity share
Offer price₹42 per equity share
Retail portion50%
Lot size3000 Nos
Minimum application1 lot – 3000 shares
Minimum application amount₹1,26,000
Listing ExchangeNSE (NSE Emerge SME platform)

More details about the company

The company offers IT audit services like Information System Audit, Cyber Security, IT Assurance & Compliance, Information Security and IT Governance to BFSI, Government, Regulatory Agencies and Public and Private Sector Organizations.

To procure business from regulatory agencies and public sector companies, the company bids for tenders available for CERT-In empaneled IT Security Organizations; and NICSI a company under the National Informatics Centre, Ministry of Electronics and Information Technology, GOI for providing and procuring IT solutions for multiple e-governance projects undertaken by NIC, MeitY, Governments, Government Organization and PSU.

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 strength

  • Strong balance sheet and profitability growth.
  • Great Quality IT and IT auditing & consulting Services.
  • Well-designed capital structure with low dependency over debt.
  • Diversified customer base across industries.
  • Experienced promoters’ team.

Financial Summary

AAA Technologies’ financial performance (in INR lakh)
Net income100.0206.0369.8

Valuation of AAA Technologies IPO (FY2020)

Earnings Per Share (EPS)₹6.29
Price/Earnings (PE ratio)6.68
Return on Net Worth (RONW)36.24%
Net Asset Value (NAV)₹182.19 per share

Company Promoters

  • Mr. Anjay Ratanlal Agarwal
  • Mr. Venugopal Madanlal Dhoot
  • Mr. Venugopal Madanlal Dhoot
Pre Issue Share Holding100%
Post Issue Share Holding71.51%

Lead managers

Chartered Finance Management Ltd

Registrar of AAA Technologies IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195

AAA Technologies Contact Details

AAA Technologies Limited
278-280, F Wing, Solaris 1, Saki Vihar Road, Opp. L&T Gate No. 6, Powai, Andheri East,
Mumbai – 400072
Phone: +91 22 28573815

Allotment Status

AAA Technologies IPO allotment status will be available on Link Intime’s website.

Click on this link to get allotment status.

Final thoughts

AAA Technologies IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision

Happy Investing

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