The Initial Public Offerings(IPO) for the week are-
Kandarp Digi Smart BPO Limited-
Kandarp Digi Smart BPO was incorporated in 2001 and is engaged in BPO services specializing in the area of support services solutions. The company provides a wide range of support services such as call center, contact point verifications, site visits, document check, E-KYC, skips tracing, employee back checks, staffing solutions, payroll management, payment collections, AMC booking services, etc. to its clients and specializes in providing end to end solutions.
The client list of the company includes various banks, insurance companies, finance service companies, etc. It helps its clients with voice support services, field support services, and back office processing services across all industry sectors. The company’s services can be tailored to meet the needs of each client.
The promoters of the company are M/s. Reliable data services limited, Mr. Sunil Kumar Rai and Mrs. Meenakshi Pathak. The net proceeds from the issue would be utilized to meet working capital requirements and general corporate purposes.
The company had revenues of Rs 11.03 crore with a net profit of 1.48 crore (Year ended March 31, 2019), revenues of Rs. 9.99 crores with a profit of Rs. 1.11 crore (Year ended March 31, 2020), and revenue of Rs.10.41 crores with a net profit of Rs.10.56 lakh (Year ended March 31, 2021).
Open an account with Upstox which gives you access to stock exchanges like NSE, BSE, and MCX.
https://upstox.com/open-account/?f=6MBMHA
Maks Energy Solutions India Limited-
Maks Energy Solutions India Limited is engaged in the business of trading, assembling, marketing, selling, installing, testing, and commissioning DG sets in the domestic market and exporting DG sets in the international markets. The company commenced its operations in the year 2010 as a dealer of generator sets. It has over the years diversified the scope of its operations from dealing in generator sets to trading, assembling, selling, installing, testing, and commissioning DG sets. It has also acted as a non-exclusive original equipment manufacturer (OEM) of DG sets for some of its clients in the domestic market and for exports in the international market. The company sources the engines used from its OEM partners and assembles the sets with the other required peripherals sourced from other suppliers; such as control panels, customized synchronized panels, base frames, fuel tanks, canopy, acoustic enclosure, and room acoustic materials and sells the DG sets. It has sold DG sets in Maharashtra, Delhi, Karnataka, Telangana, Punjab, and Jharkhand. It exports generator sets to countries in the Middle East, South East Asia, and some parts of Africa.
In the year 2019, the company diversified into the distribution of commercial vehicle spare parts in Maharashtra. To capture the potential market in Africa the company has invested in a (50:50) joint venture company with Relion Power Industries Limited incorporated under the laws of the Federal Republic of Nigeria having the object of production, manufacturing, importing, and exporting generators and generator- batteries of all types and acting as agent or manufacturer’s representative. It is also engages in mechanical repairs, servicing, and maintenance of generators.
The promoter of the company is Saurabh Mahendra Shaw. The objects of the issue are repayment/pre-payment of borrowings availed by the company and general corporate purposes.
The company had revenues of Rs 44.27 crore with a net profit of 1.73 crores (Year ended March 31, 2018), revenues of Rs. 33.31 crores with a profit of Rs. 1.46 crore (Year ended March 31, 2019), and revenue of Rs.42.17 crores with a net profit of Rs.1.68 crore (Year ended March 31, 2020).
Containe Technologies Limited-
Containe technologies limited was founded in 2008 and is engaged in the business of automobile safety and GPS solutions in the automobile sector. It manufactures a wide range of technology-intensive electronic and mechanical automotive products that have applications across vehicle segments including four-wheeler passenger vehicles, light commercial vehicles, and heavy commercial vehicles. The company manufactures electronic speed limiting devices (SLD), electronic fuel regulators,s and pedal interfaces suitable for the latest BS-IV standards and also manufactures vehicle location tracking devices(VLTD) suitable for all types of vehicles.
The products of the company are sold through distributors and dealers and have strong long-standing relationships with the distributors by aligning its offerings with their business needs. Its devices are successfully tested and approved in various models of Maruti Suzuki, Mahindra and Mahindra, Ashok Leyland, Tata Motors, Eicher, Swaraj Mazda, Force Motors, Toyota, Hyundai, and General Motors. The products of the company are exported to countries like the United Kingdom and the United Arab Emirates.
The R & D team of Containe Technologies is working continuously in advancing the SLD technology centered on the latest generation of ECM (Electronic Control Module) of BSVI vehicle models and new IoT revolutionary specialty of variable speed limited devices development and intelligent transport management systems (ITMS). The company is engaged in the supply and service of electronic speed limited devices and GSM/GPRS/GPS/IRNSS based communication and controlling vehicle location tracking devices, marketing and sales of IoT devices and lithium-ion battery operated 2- wheeler and 3- wheeler auto rickshaws.
The objectives of the issue are to meet working capital requirements and general corporate purposes. Listing would enhance the brand image of the company. The promoters of the company are Mr. Anand Kumar Seethala and Mrs. Botcha Bhavani.
The company had revenues of Rs 2.91 crore with a net profit of 5.39 lakh (Year ended March 31, 2020), revenues of Rs. 58.91 lakh with a profit of Rs. 0.66 lakh (Year ended March 31, 2021), and revenue of Rs.2.06 crores with a net profit of Rs. 4.34 lakh (Year ended March 31, 2022).
Open an account with Upstox which gives you access to stock exchanges like NSE, BSE, and MCX.
https://upstox.com/open-account/?f=6MBMHA
Upstox, a discount broker, is backed by marquee investors like Mr. Ratan Tata and Tiger Global Management.