CapitalNumbers Infotech launched its IPO to raise ₹169.37 crore with a price band of ₹250-263 per share. The subscription opened on January 20 and closes on January 22, 2025. The IPO has been oversubscribed, with the grey market premium suggesting a 53% increase in share price. The funds raised will be used for advancing technology, business development, and potential acquisitions.
CapitalNumbers Infotech, a West Bengal-based IT firm providing software development solutions globally, has launched its Initial Public Offering (IPO) on January 20, 2025. The company aims to raise ₹169.37 crore through this offering, with a price band set between ₹250 and ₹263 per share. This marks the largest SME IPO in India for the year 2025. The IPO, which is set to close on January 22, 2025, is generating significant investor interest, with strong subscription numbers on the second day of the issue. The allotment is expected to be finalized on January 23, 2025.
Day 2 Subscription Status
By 1 p.m. on January 20, the IPO had been oversubscribed 6.38 times, with investors bidding for 273.06 lakh shares, compared to the 42.77 lakh shares on offer. The retail portion of the issue was oversubscribed 8.04 times, the Non-Institutional Investors (NII) category received 7.29 times bids, and the Qualified Institutional Buyers (QIB) portion was subscribed 2.8 times.
Grey Market Premium (GMP)
CapitalNumbers Infotech’s shares were trading at a premium of ₹140 in the grey market, suggesting a strong listing price of ₹403, which is a 53% increase from the upper IPO price of ₹263. However, it’s important to note that grey market premiums are not guaranteed and can fluctuate.
IPO Details
The IPO consists of a fresh issue of 32.20 lakh shares worth ₹84.69 crore and an offer for sale of an equal amount. The promoters of the company – Mukul Gupta, Vipul Gupta, and Herprit Gupta – hold nearly 100% of the company and are the selling shareholders in the offer for sale.
Retail investors can apply for a minimum lot size of 400 shares, which will require a minimum investment of ₹1.05 lakh. The issue has already raised ₹48.19 crore from anchor investors ahead of the IPO opening.
The company plans to use the proceeds from the fresh issue for enhancing technology, business development, subsidiary investments, and potential acquisitions to drive inorganic growth.
About CapitalNumbers Infotech
CapitalNumbers Infotech is a leading provider of software development services, catering to enterprises and startups across the globe. With a team of over 500 IT professionals, the company serves more than 250 clients worldwide, competing with established firms like Info Beans Technologies and Silver Touch Technologies. The company reported a net profit of ₹26 crore for FY24, marking a 50% year-on-year growth, with a revenue increase to ₹98.2 crore. For the first half of FY25, it posted a profit of ₹13.67 crore with a revenue of ₹50.2 crore.
Listing and Allotment Details
The IPO’s tentative listing date on BSE SME is set for January 27, 2025. The allotment is expected to be finalized by January 23, 2025, and the registrar for the IPO is Link Intime India Private Ltd.
This offering has generated strong investor interest, reflecting confidence in CapitalNumbers Infotech’s growth prospects in the competitive IT services industry.
