Mindpool Technologies Ltd

About the Company:

Mindpool Technologies is engaged in the business of providing Oracle Consultancy Services, IT staffing and solutions and Corporate Training Services.

Company caters to various industries including viz. banking and financial services, automotive and engineering, telecom, healthcare, Retail and Entertainment in India and US.

Company’s key clients include Herbalife International India Private Ltd, Clairvoyant India Private Limited, Inspirage Software Consulting Private Limited, HTC Global Services (India) Private Ltd and Opalforce INC etc.


Services Provided by the Company:

Oracle Consultancy Services.

Company provides extensive services in Oracle EBS, Oracle SCM and Oracle SOA covering upgrade & support solutions. Company’s services include advising, building, implementing, managing and supporting Oracle solutions and operating Oracle systems for clients.


IT Staffing Solutions.

Company’s services include manpower recruitment and outsourcing for clients, comprising permanent staffing solutions and flexi staffing solutions.


Corporate Training.

Company provides training programs to assist the employees of the clients in building their IT skillsets, to improve their technological knowledge, enhance their soft skills etc.


Company’s Revenue from Various Verticals:


Company’s International Presence.

Mindpool Technologies has a Registered Office in Pune and Corporate office in Bangalore. Company also has presence in USA through a subsidiary company (Mindpool Technologies INC., USA), which gives an international presence aiding in servicing clients in various parts of the globe.


Part of Oracle Partner Network.

Mindpool Technologies has Silver Level membership of Oracle Partner Network which is valid till March 14, 2019 subject to renewal.

With this Company serves Oracle Solutions by providing customized Oracle Services to their corporate clients using Oracle software.

The revenue from oracle consultancy service was Rs.12.25 crores for fiscal year ended March 31, 2018.


Management Team:

  1. Mr. Ritesh R. Sharma (Designation: Managing Director)
  2. Mrs. Poonam R. Sharma (Designation: Whole Time Director)


Objectives of the Issue:

  • To Meet Working Capital Requirements.
  • Repayment of a portion of Bank Borrowings.
  • General Corporate purpose.
  • To Meet the Issue Expenses.


Peer Group Comparison:

There are no listed companies which are operating in all the business segments as Mindpool Technologies Ltd. Hence we cannot make any Comparison.


Financials of the Company:

(in Crores) FY 16 FY 17 FY 18 30th Sept 18
Revenue 20.78 25.37 20.43 10.81
Net Profit (-0.33) 1.29 1.63 1.46


IPO Details:

Details Info
Issue Opens on 14th February 2019
Issue Closes on:. 20th February 2019
Issue Price Rs.30
Face Value Rs.10
Minimum Lot 4000 
Minimum Investment Rs.1,20,000
Issue Constitutes 28.32%
Issue Size Rs.3.6 cr
Market Cap Rs.12.71 cr
Listing at NSE SME
Equity Shares Offered (Fresh) 12,00,000
Equity Shares Prior to the Issue 30,37,500
Equity Shares after the Issue 42,37,500

Also Read:  Find the Complete List of Upcoming SME IPO in 2019.


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
5.42 5.54 15.87% 36.58


Check IPO Allotment Status:

Bigshare Website (Click on the below Link)




Company Contact Info:
Mindpool Technologies Limited
Unit No. 102/9 1st Floor,
Building ‗C‘, Pune IT Park, Bopodi,
Maharashtra, India
Tel No: – +91-20-30226113
E-mail: info@mindpooltech.com
Website: www.mindpooltech.com


IPO Registrar Info:
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,Marol,
Andheri East, Mumbai – 400059
Tel :+91-022-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com


Lead Manager to the Issue:
904, A Wing, 9th Floor Naman Midtown,
Senapati Bapat Marg,
Elphinstone Road Mumbai-400 013, India.
Tel :+91 22 4906 0000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com