Canarys Automations Limited

CANARYS

₹29-31

per share

Bidding Dates

27-3 Oct

Min. Investment

₹1,16,000.00

Lot Size

4000 shares

Issue Size

₹47.03 Cr

IPO Timeline

Bidding starts

27 Sep ‘23

Bidding ends

03 Oct ‘23

Allotment finalisation*

06 Oct ‘23

Refund initiation*

09 Oct ‘23

Demat transfer

10 Oct ‘23

Listing

11 Oct ‘23

* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

About the Canarys Automations Limited IPO:

With over three decades of unparalleled experience, Canarys Automations Limited has firmly established itself as a leading IT solutions provider since its inception in 1991. Over the years, the company has been at the forefront of technological innovation, consistently delivering cutting-edge solutions to facilitate digital transformation for businesses across various industries.
1. Technology Solutions: They offer consulting in digitalization, modernization, cloud migration, automation, and digital transformation. Their expertise includes DevOps, cloud consulting, digital enterprise solutions, RPA, and digital applications.
2. Water Resource Management Solution: Canarys provides automation solutions for irrigation, flood risk assessment, water utilisation, and SCADA gate control.
Their services cater to various industries, including BFSI, Retail, Healthcare, Pharmaceutical, Manufacturing, and Insurance. Canarys is dedicated to helping businesses optimise operations and enhance customer experiences through technology. Their commitment to excellence is acknowledged by customers and partners.
Now, Canarys Automations Limited is coming out with its initial public offer (IPO). The net proceeds of the Fresh Issue are proposed to be utilised in the following manner:
1. Funding of expenditure relating to solutions development for digital transformation and water resources management
solutions;
2. Creation of new delivery centre including infrastructure thereof and upgrading existing facilities;
3. Funding working capital requirements of our Company;
4. General corporate purposes

Here are key details about the Canarys Automations Limited IPO:

Company Name	Canarys Automations Limited	Company Type	Private
IPO Type	SME	Canarys Automations Limited IPO Opening Date	27 September 2023
Canarys Automations Limited IPO Closing Date	3 October 2023	Canarys Automations Limited IPO Allotment Status	6 October 2023
Credit of Shares to the Demat Account	10 October 2023	Canarys Automations Limited IPO Listing Date	11 October 2023
Canarys Automations Limited IPO Face Value	₹ 2 per share	Canarys Automations Limited IPO Lot Size	4000 shares
Canarys Automations Limited IPO Issue Size	₹ 47.03 crore	Canarys Automations Limited IPO to be Listed on	NSE SME
Canarys Automations Limited IPO Price band	₹ 29-31 per share

IPO analysis

Registrar information

Name

Link Intime India Private Ltd

Phone number

+91-22-4918 6270

Email ID

canarys.ipo@linkintime.co.in

Red herring prospectus

View documents submitted by company in filing to understand more details about them.

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