Canarys Automations IPO
i. Started in 1991, Canarys is a leading IT solutions provider with over 30 years of existence in the industry. Their expertise lies in enabling digital transformation for businesses through their comprehensive range of software solutions in the space of Digitalization, Modernization, Automation and Intelligence.
ii. Their business operates across two verticals
i. Technology solutions: Their technology solution offerings include multiple array of consulting solutions in Digitalization, Modernization, Cloudification, Automation, Transformation and Intelligence. Technology expertise includes DevOps Consulting (Azure, GitHub, Atlassian, GitLab, etc.), Cloud Consulting (Azure, AWS, GCP), Digital Enterprise Solutions using SAP, MS Dynamics 365, RPA, Digital Applications and Mobility Solutions.
ii. Water Resource Management Solution: They offer automation solutions to modernize irrigation water conservation, and improve water use efficiency, Turnkey flood risk assessment and mitigation, cloud based water utilisation process automation for water sharing in rivers and canals and SCADA gate control systems.
With a strong focus on digital transformation, the company empower businesses to optimize their operations, enhance customer experiences, and stay ahead of the competition. Their commitment to excellence has been recognized and rewarded by various customers, alliance partners and OEM’s.
iii. SOLUTIONS AND SERVICES
Their business operates across two verticals: Technology solutions and Water Resource Management solutions. A brief description of our solution offerings within these two verticals are given below.
i. High-Quality Standards
ii. Value Creation Approach
iii. Sustainability Focus
iv. Customer Centric Approach
Objects of the Canarys Automations IPO:
Canarys Automations IPO Details:
|Open Date:||Sep 27 2023|
|Close Date:||Oct 03 2023|
|Face Value:||₹ 2 Per Equity Share|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||47.03 Cr.|
|Lot Size:||4000 Shares|
|Issue Price:||₹ 29 - 31 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Oct 07 2023|
Promoters And Management:
Financials of Canarys Automations IPO:
Particulars ( In Lakhs )
|Revenue from Operations||2,562||5,151||7,452|
|Cost of Materials Consumed||547||1,944||1,897|
|Changes in Inventories||130||-327||98|
|Employee benefits expenses||1,207||1,976||3,045|
|Depreciation & Amortisation||35||38||40|
Comparison With Peers:
|Name of the Company||Revenue (In Crore)||PAT (In Crore)||EPS ( in Rs)||P/E||CMP||Mcap (In Crore)|
|Canarys Automations Limited||75||9||1.51||20.4||31||174|
|All E Technologies Limited||88||12||5.74||21.2||146||295|
|Happiest minds Limited||1,333||216||14.73||62.2||904||13,757|