Xelpmoc Design & Tech Limited IPO

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(i) They are a provider of professional and technical consulting services, offering technology services and end-to-end technology solutions and support. The clients range from entrepreneurs and start-up enterprises to established companies, engaged in e-commerce, transportation and logistics, recruitment, financial services, social networking, and various other industries.

(ii) They provide a wide range of services, including, mobile and web application development, prototype development, thematic product development, and data science and analytics assistance. They grow their portfolio of services and products as the needs of the clients evolve.

(iii) They have commenced operations in Bengaluru, India, in 2015 and have since serviced enterprises across four states in India. The business operations may broadly be categorized as technology services, and technology solutions/products. They also occasionally provide business support to some of our clients to enable them to set-up their operations.

(iv) The Company is promoted by Sandipan Chattopadhyay, who has around two decades of experience in the information technology industry, Srinivas Koora, who has over 16 years of experience in the field of accounts and finance and is primarily responsible for devising the strategy for the Company, and Jaison Jose who has been instrumental for the implementation of operational plans, operation strategies, budgets and forecasts at the corporate, regional and business unit level.

(v) In Fiscal 2016, 2017 and 2018 the total income was ₹ 208.33 thousand, ₹ 19,235.47 thousand and ₹ 49,310.38 thousand, respectively. In addition, the EBITDA was ₹ (16,422.88) thousand, ₹ (27,540.99) thousand and ₹(34,491.92) thousand in Fiscal 2016, 2017 and 2018, with EBITDA margins of 7,882.99%, 143.18%, and 69.95%, respectively.

Xelpmoc Design & Tech Limited IPO Stock Quote & Charts

70.00

+3.02%

  • Open: 69.40
  • High - Low: 71.30 - 66.50
  • Previous Close: 67.95
  • Total Traded Volume: 5029
  • Updated On: 21-Feb-2019

Objects of the Xelpmoc Design & Tech Limited IPO:

Objective of Xelpmoc Design & Tech IPO are: 1. Purchase of IT hardware and network equipment’s for development centers in Kolkata and Hyderabad. 2. Purchase of fit-outs for new development centers in Kolkata and Hyderabad; 3. Funding working capital requirements of our Company; and 4. General corporate purposes.

Xelpmoc Design & Tech Limited IPO Details:

Open Date: Jan 23 2019
Close Date: Jan 25 2019
Issue Type: Book Buils IPO
Issue Size: 23 Cr.
Lot Size: 200 Shares
Issue Price: ₹ 62-66 Per Equity Share
Retail Discount: 3
Listing At: NSE,BSE
Listing Date: Feb 04 2019

Financials of Xelpmoc Design & Tech Limited IPO:

Year Revenue(Cr) PAT(Cr) Equity Capital( Cr) EPS
FY17 1.9 -2.8 4.8749 -5.18
FY18 4.9 -3.5 6.5171 -3.72

Comparison With Peers:

There are no listed peers in India which are engaged in a similar line of business or whose business is comparable.

Recommendation on Xelpmoc Design & Tech Limited IPO:

Review and Recommendation of Xelpmoc Design & Tech Limited IPO from IZ team is: 4/10 [ The company is the first startup to list on bourses. The financial information is only available for the last 2 years and the company is still losses. However, the business looks promising with good management and have a good future as going forward everything will come under the ambit of Artificial Intelligence]

Lead Manager of Xelpmoc Design & Tech Limited IPO:

  1. ITI Capital Limited

Registrar of Xelpmoc Design & Tech Limited IPO:

  1. Karvy Computershare Private Limited

Discussion on Xelpmoc Design & Tech Limited IPO:

    More than 3x application, wht could be chances for allotment? I applied 600 shares on last date for long term investment. Need guidance by senior members @marketwizard and others pl guide

    Company has been posting losses since 3 consecutive years. Also LM has just 1 listing before which is down below issue price like Bharat networks. It is better to wait and see how the company performs after few months of listing and if can turn around the fortune to post profits. Till then better to wait and check this post listing quarterly results. They are mainly doing investment in startup which will take long gestation time and how they will unlock value for shareholders from that investment . There should have been more clarity on their business rather than where company is investing in startup
    Unless I don’t understand business or their product I will avoid. Companies which use speech analytics usually have been setup like BPo and always go fronbig security intelligence player. Not sure which are their target players .is it retailer or corporates

    The Securities and Exchange Board of India’s (Sebi’s) latest reform for the primary market will undergo its first test later this week. The first initial public offering (IPO) of the calendar year by Xelpmoc Design and Tech, a small-sized tech company, will allow retail investors to pay through the Unified Payments Interface (UPI).

    It is a Bangalore Based startup which has started its operation in the year 2015. The firm works with early-stage start-ups to leading brands to help them digitize their business processes and provide technology-based solutions such as data science, and design, among others by using Artifical Intelligence and Machine Learning.

    It was co-founded by Sandipan Chattopadhyay and was among the team who built Tata’s first website, Tata.com. He co-founded MoneyControl and worked on (building) digital platforms for Unilever, Hyundai, IndiaInfoline, and others, before heading technology for Justdial. An alumnus of the Indian Statistical Institute, Kolkata, and IIM Calcutta, Sandipan loves mathematics and simplicity in life more than anything.

    The company has generated a Revenue of 4.9 cr in the FY17-18 as compared to 1.9 Cr last year. As it is a startup, the company has a very high expense which generally happens during initial stages and due to which the company is in the loss. They have incurred a loss of 3.5 Cr in FY17-18 which was 2.8 Cr last year. Therefore, the company has negative EPS.

    The technology companies are very hard to interpret as nature of the business is quite complex. As this is the first startup to list on the Exchanges, we can wait to see the response of QIB and then apply.

    QIB Quota- 75%
    HNI- 15%
    Retail- 10%