1.Company Information
Kody Technolab IPO is a fixed price issue of Rs 27.52 crores. The issue is entirely a fresh issue of 17.2 lakh shares. Kody Technolab IPO opens for subscription on September 15, 2023 and closes on September 20, 2023. The allotment for the Kody Technolab IPO is expected to be finalized on Monday, September 25, 2023. Kody Technolab IPO will list on NSE SME with tentative listing date fixed as Thursday, September 28, 2023. Kody Technolab IPO price is ₹160 per share. The minimum lot size for an application is 800 Shares.
The minimum amount of investment required by retail investors is ₹128,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹256,000. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Kody Technolab IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Kody Technolab IPO is Spread X Securities. Refer to Kody Technolab IPO RHP for detailed information.
2. Objective of the Issue
The Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding Capital Expenditure toward setting up a development center at Gift City, Gandhinagar.
2. Funding incremental Working Capital Requirement of the company.
3. Repayment/ prepayment of certain borrowings availed by the company.
4. General Corporate Purpose.
5. To Meet the Issue Expenses.
3.Kody Technolab IPO Registrar
Kfin Technologies Limited
Phone:04067162222, 04079611000
Email: kody.ipo@kfintech.com
Website:https://kosmic.kfintech.com/ipostatus/