About the Company:
Incorporated in the year 1992,Cadsys Ltd is a domain-focused GIS and engineering business technology service provider headquartered in Hyderabad, Telangana, India, with presence in the United States.
Company is primarily engaged in providing IT enabled services for geospatial, field engineering survey, software development and engineering design services in the domains like, telecom, CATV, oil & gas, electricity and other utilities.
They have set up a software engineering facility in Hyderabad in the year 1996.Company is also certified by ISO 9001:2015 for design, development, Production, Support of Geographical Information System and Engineering Services and ISMS Certificate – ISO/IEC 27001:2013 for Geographical Information System and Engineering
Services business including all support functions of the organisation.
Company’s clients include government departments and Reputed companies in telecom, power and other utility sectors.
Company offeres services under the following Strategic Business Unit (SBUs) viz:
- Geospatial Engineering Services, Mapping services, Telecom and CATV services.
- Architecture and Engineering services.
- Software and e-learning services.
Company provides GIS and mapping services in USA and India.They have more than 20 years of expertise and have mapped thousands of square miles of the earth’s surface.During the last 20 years.They have also successfully implemented complex enterprise GIS solutions for a wide variety of public and private sector clients.
Company’s Computer Aided Design (CAD) & Drafting team has a proven track record on Geospatial Engineering Services in terms of Data Conversion & Migration and Mapping Services like Data Capture & AM/FM Mapping to various domains such as Telecom, Utilities, Gas & Electricity.
They are also involved in designing next-generation fibre networks/systems i.e. FTTx, HFC and DAS for telecommunication companies across the globe.
Company has specifically developed software Super Pro used for CATV and telecom customers to design their OSP network. This software has enabled them to bag new large projects from customers from leading silicon and internet companies.
Till date company has served a client base of 18 customers majorly located at United States, Middle East by a diverse workforce of over 500 employees operating at Hyderabad.Company has successfully delivered over 50 projects till date.
Management Team:
- Mr.Nallani Chakravarthi Venkata Rangacharya (Designation: Managing Director)
- Mrs.Nallani Chakravarthi Padmaja (Designation: Whole – time Director and Chief Financial Officer)
Services provided by the Company:
- Geospatial Engineering Design & Development:
- GIS Application Development.
- Mapping Services.
- Telecom Engineering Services:
- Field Survey & Consultation.
- Network Planning.
- Network Design & Documentation.
- Fiber Management.
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Objectives of the Issue :
- Part Repayment / prepayment of our long term borrowing.
- General corporate purposes.
- Listing Benefits.
TOP 10 Shareholders:
| Sr.No. | Shareholder Name | Number of Equity Shares held | Percentage of Equity Share Capital % |
|---|---|---|---|
| 1. | Nallani Chakravarthi Venkata Rangacharya | 18,90,875 | 35.00 |
| 2. | Babladi Shailaja | 15,02,400 | 27.81 |
| 3. | Nallani Chakravarthi Padmaja | 12,96,600 | 24.00 |
| 4. | Babladi Gururaj | 2,25,000 | 4.16 |
| 5. | Nallani Chakravarthi Pushpavathi | 1,85,625 | 3.44 |
| 6. | Chilakamarri Venugopal Prasad | 90,000 | 1.67 |
| 7. | Nallani Chakravarthi Rangamani | 82,500 | 1.53 |
| 8. | Nallani Chakravarthi Madhavi | 46,000 | 0.85 |
| 9. | Sattaluri Rajagopal | 42,500 | 0.79 |
| 10. | Sattaluri Sridevi | 18,000 | 0.33 |
| Total | 53,79,500 | 99.57% |
Positives of the Company:
- Experienced Management Team.
- Consistent Dividend Payer.
- High Profit Margin Business.(20%)
- Operating in niche Segment.
- Reputed International Client List.
- Good Reputation among clients.(Serving customers since last 18 years)
- Scope of Huge Growth because of emerging FTTH/Fiber industry in India.
- Valuations are very Attractive.
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 |
|---|---|---|---|---|---|
| Revenue | 14.30 | 21.05 | 24.40 | 31.99 | 43.63 |
| Net Profit | 2.18 | 2.96 | 4.68 | 5.51 | 10.94 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 21st September 2017 |
| Isue Closes on:. | 25th September 2017 |
| Issue Price | Rs.70 |
| Face Value | Rs.10 |
| Minimum Lot | 2000 |
| Minimum Investment | Rs.1,40,000 |
| Issue Constitutes | 27.99% |
| Issue Size | Rs.14.70 cr |
| Market Cap | Rs.52.51 cr |
| Listing at | NSE SME |
| Equity Shares Offered | 21,00,000 |
| Equity Shares Prior | 54,02,500 |
| Equity Shares after the issue | 75,02,500 |
Important Dates:
| Finalization of Basis of Alottment | on or Before 28th September 2017 |
| Initiation of Refunds | on or Before 3rd October 2017 |
| Credit of Equity Shares: | on or Before 3rd October 2017 |
| Listing Date: | on or Before 4th October 2017 |
IPO Valuation parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 20.26 | 3.53 | 37.79% | 53.63 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Subscribe | Long Term | 50% |
