AAA Technologies Ltd

About the Company:

AAA Technologies Ltd offers IT audit services like Information System Audit, Cyber Security, IT Assurance & Compliance, Information Security and IT Governance to BFSI, Government, Regulatory Agencies and Public and Private Sector Organizations.

Company is also empanelled with government bodies, PSU`s and banks to directly procure business from them.

A substantial amount of company’s revenue is comprising of clients from tendering process by procuring bids from CERT-In empanelled IT Security Organization and NICSI.

Company is an ISO 9001:2015 and ISO 27001:2013 accredited Company.

Company has successfully completed audits of Companies/ Institutions across various industries like banking, insurance, Financial Institutions, NBFCs, Regulatory Bodies, Government, Infrastructure, Healthcare, IT Enabled Services (ITeS), Defense etc which has enabled the Company become sector-agnostic and consequently it has no dependency on any single industry for procuring business.


Services Provided by the Company: 



Following are the types of audits conducted by the Company which can be classified under (Information Systems) IS Audit:

  • Operating Systems Audit
  • Data base Audit
  • Networking Audit
  • Firewall Audit
  • IDS Audit
  • Web Application Audit
  • Data Centre Audit
  • ATM Audit
  • ERP Audit
  • Internet Banking Audit
  • Core Banking Audit
  • Performance Auditing
  • Forensic Auditing



Revenue from Public Sector & Private Sector (amount and % of total) (in Lakhs)


Industry-wise revenue classification (amount and % of total) (in Lakhs


Management Team:

  1. Mr. Anjay Ratanlal Agarwal (Designation: Chairman and Managing Director)
  2. Mr. Venugopal Madanlal Dhoot (Designation: Whole-Time Director Director (Finance) & CFO)



Objectives of the Issue:

  • There are no listed companies in India that engage in a business similar to that of our Company. Accordingly, it is not possible to provide an industry comparison in relation to our Company.



Financials of the Company:

(in Crores) FY 18 FY 19 FY 20
Revenue 10.40 10.47 14.24
Net Profit 0.99 2.06 3.69



IPO Details:

Details Info
Issue Opens on 30th September 2020
Issue Closes on:. 5th October 2020
Issue Price Rs.42
Face Value Rs.10
Minimum Lot 3000
Minimum Investment Rs.1,26,000
Issue Constitutes 28.49%
Issue Size Rs.10.23 cr
Market Cap Rs.35.91 cr
Listing at NSE SME
Equity Shares Offered 24,36,000
Equity Shares Prior to the Issue 61,15,200
Equity Shares after the Issue 85,51,200


Important Dates:

Finalization of Basis of Allotment on or Before 8th October 2020
Initiation of Refunds on or Before 9th October 2020
Credit of Equity Shares: on or Before 12th October 2020
Listing Date: on or Before 13th October 2020


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
6.29 9.13 36.24% 25.05



Check IPO Allotment Status:

Link InTime:

BSE IPO Website:



Company Contact Info:
AAA Technologies Ltd
278-280, F Wing, Solaris 1,
Saki Vihar Road, Opp. L&T Gate No. 6,
Powai, Andheri (East);
Mumbai – 400072.
Tel. No.: +91 22 28573815/16


IPO Registrar Info:
C -101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai – 400 083, Maharashtra, India
Tel: +91 22 4918 6200; Fax: +91 22 4918 6195


Lead Manager to the Issue:
2nd Floor, Wakefield House,
Sprott Road, Ballard Estate,
Mumbai ?? 400038 Maharashtra, India
Tel. No.: +91 22 22696944 / 22675708;