The preliminary public providing of Digital Galaxy Infotech opened for subscription on Friday, Could 9. It contains solely a contemporary concern of 65.7 lakh shares.
Digital Galaxy Infotech is an IT firm engaged in providing options in cloud computing, net companies and web of issues (IoT). It’s headquartered in Nagpur.
Right here’s all the pieces you might want to know in regards to the Digital Galaxy Infotech IPO.
Digital Galaxy Infotech IPO Day 1 Subscription Standing
The Digital Galaxy Infotech IPO opened to a tepid demand from traders on Friday. The NSE SME concern subscribed solely 0.06 instances, or 6%, as of 12:25 p.m.
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QIB: nil vs 12.44 lakh shares on supply
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Non Institutional Traders (NIIs): 0.02 instances, or 2%, vs 9.5 lakh shares on supply
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Retail: 0.10 instances, or 10%, vs 22 lakh shares on supply
Digital Galaxy Infotech IPO GMP Right this moment
In keeping with Investorgain, the gray market premium (GMP) for the Digital Galaxy Infotech IPO stood at Rs 6 at 9:59 a.m. on Could 9. It signifies that the itemizing worth might be Rs 148 apiece, with a possible acquire of 4.23%.
Notice: GMP is just not an official supply of information and is predicated on hypothesis.
Digital Galaxy Infotech IPO Dates
The Digital Galaxy Infotech IPO is open for subscription from Could 9 to Could 14. The allotment of shares is proposed to be finalised on Could 15. Shares might be credited to the Demat accounts of profitable bidders on Could 16 and refunds might be initiated for non-allottees on the identical day.
The shares of the IPO are proposed to be listed on the NSE SME platform on Could 19.
Digital Galaxy Infotech IPO: Key Particulars
The Digital Galaxy Infotech IPO is a book-building concern value Rs 93.29 crore, comprising a contemporary concern of 65.7 lakh shares. The value band for the IPO has been set between Rs 135 and Rs 142 per share.
Retail traders can make investments with a minimal lot dimension of 1,000 shares, requiring a minimal funding of Rs 1,42,000. Excessive Networth People (HNIs) can make investments by putting bids for a minimum of two heaps, which quantities to 2,000 shares. This is able to require a minimal funding of Rs 2,84,000.
Sensible Horizon Capital Advisors Pvt. is the book-running lead supervisor of the Digital Galaxy Infotech IPO. Maashitla Securities Pvt. is the registrar and Alacrity Securities Ltd. is the market maker for the problem.
Digital Galaxy Infotech Enterprise and Financials
Digital Galaxy Infotech is an IT companies firm that gives options in huge information, system integration, cloud computing and net companies. The corporate’s web site says it has offered superior expertise to over 5,000 financial institution branches, manufacturing corporations and companies.
Use Of Proceeds
The proceeds from the IPO might be used for funding capital expenditure for organising a growth facility in Nagpur, repaying and prepaying borrowings, hiring manpower and common company functions.
Financials
The corporate’s revenue after tax (PAT) elevated multi-fold year-on-year to Rs 16.3 crore in FY24 from Rs 1.8 crore in FY23. Complete income rose 5% YoY to Rs 61.52 crore in FY24 from Rs 58.56 crore in FY23.
For the 9 months ended Dec. 31, 2024, it reported a PAT of Rs 27.42 crore and whole income of Rs 101.37 crore.
Disclaimer: Investments in preliminary public choices are topic to market dangers. Please seek the advice of with monetary advisors and browse the pink herring prospectus totally earlier than putting bids.
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