About the Company:
Xelpmoc Design and Tech Ltd (commenced operations in 2015) is a provider of professional and technical consulting services, offering technology services and end-to-end technology solutions and support.
Company conducts its operations under the “XELPMOC” brand name.
Company provides a wide range of services, including, mobile and web application development, prototype development, thematic product development and data science and analytics assistance.
Company’s business operations may broadly be categorized as technology services, and technology solutions/ products. They also occasionally provide business support to some of their clients to enable them to set-up their operations.
Company’s clients range from entrepreneurs and start-up enterprises to established companies, engaged in e-commerce, transportation and logistics, recruitment, financial services, social networking, and various other industries.
As of June 30, 2018, Company has serviced a client base of over 23 clients across four states in India.
Company’s Business Operations can be broadly divided into two verticals::
- Technology Services.
- Technology Solutions.
Technology Services:
Company provides technology services to companies that typically operate at a start-up level and intend to scale their operations.
Company also provide similar services to certain government organizations in India. These services primarily comprise deploying artificial intelligence, machine learning and other emerging tools.
Company provides technology services by way of progressive app development, prototype development, thematic product development for international markets, modern front end architecture, query optimization and rapid iteration.
Company also possess data science capabilities and offer designing, architecture and development of modern lake infrastructure.
Set forth below is a brief description of Some of its Services:
Thematic Product Development: They offer development of desktop and mobile platforms for certain technology applications including for managing logistics requirements for a trucking company, operating job portals for a recruitment agency, and providing certain services to a sports venture.
Mobile App Development: Company has developed mobile applications that work in a robust manner to connectivity loss. They have also developed mobile applications across IOS and Android, using platform native technologies, which lets them to build out solutions quickly and at a lower cost.
Prototype Development: As part of their data science services, Company provides analytics solutions for clients.
The analytics solutions combine advanced predictive analytics, natural language processing and machine learning algorithms to attain actionable business insights and customer knowledge to help clients identify and drive growth opportunities.
Company’s data science services involve identifying trends in consumer behavior, predicting revenue and demand and predicting inventory for efficient supply chain management.
Technology Solutions/ Products:
Company develops a range of products that address various challenges that the clients experience across industries.
Some of the recent products they have been developing include a location decision system and a sentiment analysis tool. Company’s solutions for these assignments have typically been in the form of artificial intelligence (AI) driven tools.
Company’s Expansion of operations in other Geographies:
Xelpmoc Design and Tech Ltd intend to leverage their existing business model in India to enter newer geographies such as Middle East and North Africa (MENA), Australia, United Kingdom, Asia Pacific and the United States.
Company intends to expand the volume of business from clients with a global presence by moving from being a services provider to an integrated enterprise-wide solutions provider.
Management Team:
- Mr. Tushar Trivedi (Designation: Chairman and Independent Director)
- Mr. Sandipan Chattopadhyay (Designation: Managing Director and Chief Executive Officer)
- Mr. Srinivas Koora (Designation: Whole-Time Director and Chief Financial Officer)
Objectives of the Issue:
- Purchase of IT hardware and network equipment’s for development centers in Kolkata and Hyderabad.
- Purchase of fit outs for new development centers in Kolkata and Hyderabad.
- Funding working capital requirements of the Company.
- General corporate purposes.
Peer Group Comparison:
There are no listed peers in India which are engaged in a similar line of business or whose business is comparable with that of our business.
Financials of the Company: (Consolidated)
| (in Crores) | FY 16 | FY 17 | FY 18 | 30th Sept 18 |
|---|---|---|---|---|
| Revenue | 0.02 | 1.92 | 4.93 | 3.62 |
| Net Profit | (-1.67) | (-2.85) | (-3.5) | (-2.26) |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 23rd January 2019 |
| Issue Closes on:. | 25th January 2019 |
| Issue Price | Rs.62 – 66 |
| Retail Discount | Rs.3 per Share |
| Face Value | Rs.10 |
| Minimum Lot | 200 Shares |
| Minimum Investment | Rs.13,200 |
| Market Cap | Rs.67.34 cr |
| Listing at | NSE & BSE |
| Equity Shares Prior to the Issue | 1,02,03,856 |
Important Dates:
| Finalization of Basis of Allotment | on or Before 30th January 2019 |
| Initiation of Refunds | on or Before 31st January 2019 |
| Credit of Equity Shares: | on or Before 1st February 2019 |
| Listing Date: | on or Before 4th February 2019 |
Subscription Details: (Will be Updated)
| (Subscription-Category-Wise (no. of times) Till time : 06:00 PM) | Shares Offered | Day-1 | Day-2 | Day-3 |
|---|---|---|---|---|
| QIB | 11,12,904 | 0.73 | 1.23 | 1.24 |
| NII | 5,56,451 | 0.04 | 1.66 | 7.69 |
| Retail | 3,70,967 | 0.25 | 0.79 | 2.64 |
| Employee | ———- | —- | —– | —– |
| TOTAL | 20,40,322 | 0.45 | 1.27 | 3.25 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| (-3.72) | NA | (-21.69%) | 29.30 |
| Check IPO Allotment Status: |
|---|
Karvy Website (Click on the below Link)http://kosmic.karvy.com:81/ipotrack/ |
Review of Mainline IPO : (Chalet Hotels IPO , Opens on 29th January)
| Chalet Hotels Ltd | 29th January 2019 |
| Company Contact Info: |
|---|
| Xelpmoc Design and Tech Ltd #17, 4th Floor, Agies Building 1st ‘A’ Cross, 5th Block Koramangala Bengaluru – 560 034 Karnataka, India. Telephone: +91 80 4370 8360 Email: info@xelpmoc.in Website: www.xelpmoc.in |
| IPO Registrar Info: |
|---|
| Karvy Computershare Private Limited Karvy Selenium Tower B Plot 31-32, Gachibowli Financial District Nanakramguda, Hyderabad – 500 032 Telangana, India. Tel: +91 40 6716 2222 Investor grievance email: xelpmoc.ipo@karvy.com Website: www.karisma.karvy.com |
