AAA Technologies Limited IPO

AAA Technologies Limited IPO

AAA Technologies Limited IPO is a NSE SME IPO, which is open for all investors from 30th September 2020, Wednesday to 5th October 2020, Monday. Promoters are offering 2,436,000 equity shares to public through this issue which is worth of ₹10.23 Crores. For other IPO details on AAA Technologies Limited IPO, scroll below

IPO Details

Grey Market Premium of AAA Technologies Limited IPO

GMP of AAA Technologies Limited IPO is currently Not Available. Grey Market Premium will be updated once it’s available

Expected Listing Gains

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Company Background

AAA Technologies Limited is a Mumbai based IT and Information Security Auditing & Consulting Company, with an annual revenue of Rupees 1424.74 lakhs.

  • ISO 9001:2015 and ISO 27001:2013 accredited Company
  • Company has 75 employees for its operations
  • Company holds 5 trademarks in its name
  • Company holds 3 policies to mitigate its risks

Date of Incorporation

AAA Technologies Limited was incorporated as “AAA Technologies Private Limited” on 3rd October 2000. Company was finally converted into a public limited company on 3rd August 2020 with a Corporate Identification Number, U72100MH2000PLC128949

Promoters of AAA Technologies Limited

Mr. Anjay Ratanlal Agarwal, Mr. Venugopal Madanlal Dhoot and Mrs. Ruchi Anjay Agarwal are the promoters of the company.

Product & Services Offered

AAA Technologies Limited offers following products & services to its clients:-

  • IT auditing services such as Information System Audit, Cyber Security, IT Assurance & Compliance, Information Security, and IT governance services
  • IT services and auditing operating systems, networking, IDS, web application, ERP, core banking, ATM, forensic, websites, computer crime investigations, etc

Clientele base of the company

Company caters

  • Industries such as banking, financial institutions, insurance, NBFCs, government, Panchayats, municipalities, stockbrokers, education, Travel & Transport, Hospitality, Manufacturing, Healthcare, Power, etc.

Purpose of this IPO

Purpose of the issue:

  • Business Expansion
  • To meet up Working Capital Requirements
  • To meet Issue expenses

AAA Technologies Limited IPO Issue Details

Issue Details
Issue Open 30th Sept 2020, Wednesday Issue Close 5th Oct 2020, Monday
Issue Type Fixed Price IPO Issue Face Value Rs 10 Per Equity Share
Price Band ₹42 per equity share Bid Lot & Minimum order quantity 3000 Shares
Issue Size ₹10.23 Cr Listing at NSE SME

IPO Timeline

Tentative IPO Timeline
Bid Opens on 30th Sept 2020, Wednesday Bid Closes on 5th Oct 2020, Monday
Finalization of basis of allotment 8th Oct 2020, Thursday Initiation of Refunds 9th Oct 2020, Friday
Credit of shares to demat account 12th Oct 2020, Monday Listing Date 13th Oct 2020, Tuesday

Company Financials

For the year/period ended (₹ in Lacs)
31-Mar-20
31-Mar-19
31-Mar-18
Total Assets 1,420.38 942.83 1,002.56
Total Revenue 1,424.74 1,047.49 1,040.00
Profit After Tax 369.8 206.02 99.97

Ratings & Reviews of AAA Technologies Limited IPO

As per experts one could subscribe the IPO for a longer term

  • Reasonably priced
  • Being the first mover in the segment, this issue may get fancy post listing

Investors are advised to conduct proper due diligence before investing in this IPO

Red Herring Prospectus of AAA Technologies Limited IPO

IPO Lead Managers

Chartered Finance Management Ltd is managing the IPO

Address of AAA Technologies Limited

AAA Technologies Limited
278-280, F Wing, Solaris 1, Saki Vihar Road
Opp. L&T Gate No. 6, Powai
Andheri East, Mumbai – 400072
Phone: +91-22-28573815/16

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