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Canarys Automations Ltd

Registered Office : # 566&567 2nd Flr 30th Main Rd,Attimabbe Rd Banasha.3rd Stage,Bengaluru Karnataka 560085 Phone : +91-98458 62780
Fax :

Email : nagashree.hegde@ecanarys.com

Website : http://www.ecanarys.com

Initial public offer of 1,51,72,000 equity shares of face value of Re. 2/- each (the "Equity Shares") of Canarys Automations Limited ("The Company" or "Canarys" or "The Issuer") at an issue price of Rs. 31/- per equity share for cash, aggregating to Rs. 47.03 crores ("Public Issue") out of which 7,60,000 equity shares of face value of Rs. 2/- each, at an issue price of Rs. 31/- per equity share for cash, aggregating Rs. 2.36 crores was reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 1,44,12,000 equity shares of face value of Rs. 2/- each, at an issue price of Rs. 31/- per equity share for cash, aggregating Rs. 44.67 crores is herein after referred to as the "Net Issue". The public issue and net issue shall constitute 27 % and 25.65 % respectively of the post-issue paid-up equity share capital of the company. The face value of equity shares is Rs. 2 each. the issue price is Rs. 31 per equity share which is 15.5 times of the face value.

Issue

Opens On

Closes On

27-Sep-2023

03-Oct-2023

Money Payable On

Application

Allotment

31.00

0.00

Minimum Application for shares in Nos : 4000.0 Further Multiples of : 4000.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

41.03

47.03

11.24

31.00

Indorient Financial Services Ltd

Projects

Funding of expenditure relating to solutions development for digital transformation and water resources management solutions

Creation of new delivery centre including infrastructure thereof and upgrading existing facilities

Funding working capital requirements of the company

General corporate purposes

Promoted By

Metikurke Ramaswamy Raman Subb

Danavadi Krishnamurthy Arun

Raghu Chandrashekhariah

Listing At

NSE - SME

Registrar to the Issue

MUFG Intime India Pvt Ltd