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anubhai angaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

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IPO Synopsis
Canarys Automations Ltd
Registered Office: # 566&567 2nd Flr 30th Main Rd, Attimabbe Rd Banasha.3rd Stage, Bengaluru - 560085, Karnataka
Phone: 1
Email: 1
Website: 1
Initial public offer of 1,51,72,000 equity shares of face value of Re. 2/- each (the "Equity Shares") of Canarys Automations Limited ("The Company" or "Canarys" or "The Issuer") at an issue price of Rs. 31/- per equity share for cash, aggregating to Rs. 47.03 crores ("Public Issue") out of which 7,60,000 equity shares of face value of Rs. 2/- each, at an issue price of Rs. 31/- per equity share for cash, aggregating Rs. 2.36 crores was reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 1,44,12,000 equity shares of face value of Rs. 2/- each, at an issue price of Rs. 31/- per equity share for cash, aggregating Rs. 44.67 crores is herein after referred to as the "Net Issue". The public issue and net issue shall constitute 27 % and 25.65 % respectively of the post-issue paid-up equity share capital of the company. The face value of equity shares is Rs. 2 each. the issue price is Rs. 31 per equity share which is 15.5 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
27-Sep-2023 03-Oct-2023 31.00 - 0.00 0.00 - 0.00
Cr. Lead Managers to the Issue
Project Cost 41.03
Project Financed through Current Offer 47.03
Post Issue Equity Share Capital 11.24
Issue Price 31.00
Projects
Funding of expenditure relating to solutions development for digital transformation and water resources management solutions
Creation of new delivery centre including infrastructure thereof and upgrading existing facilities
Funding working capital requirements of the company
General corporate purposes
Promoted By
Metikurke Ramaswamy Raman Subb
Danavadi Krishnamurthy Arun
Raghu Chandrashekhariah
NSE - SME
Registrar to the Issue
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