Fidel Softech Limited is a LangTech Consulting company that provides technological services with local language user interfaces and user experiences. Fidel Softech Limited was incorporated in 2003 and is located in Pune, Maharashtra.
Fidel Softech offers a wide range of services including Software development, Infrastructure & Cloud support, Localization including translation, interpretation, software localization & multilingual data creation and Consulting & Staffing services including training, Software development & Cloud infrastructure support services, localisation services; such as Translation, Interpretation, Content creation, Multilingual data creation, transcription & Annotation for training AI engines, Video subtitling and other video audio services, Data engineering, testing, scripting and tooling services.
Fidel Softech Limited’s customer base is spread across the globe with a presence in countries like Argentina, Belgium, China, Cyprus, Czech Republic, Dubai, Egypt, Germany, Hong Kong, Ireland, Italy, Japan, Kingdom of Saudi Arabia, Malaysia, Mauritius, Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, South Africa, South Korea, Spain, Sweden, Taiwan, Ukraine, United Arab Emirates, United Kingdom, and the United States of America.
Competitive Strengths
- Offering technology services with local language UI/ UX.
- Clients in both domestic and international markets.
- Wide Service Portfolio.
- Quality assurance.
- Leveraging the experience of our promoters.
Company Financials:
| Particulars | For the year/period ended (Rs in Lakhs) | ||
|---|---|---|---|
| 30-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 2,010.36 | 1,758.14 | 1,005.53 |
| Total Revenue | 2,686.78 | 2,620.61 | 2,280.41 |
| Profit After Tax | 456.50 | 345.01 | 314.75 |
Objects of the Issue:
The Company proposes to utilise the Net Proceeds towards funding the following objects:
1. Funding working capital requirements.
2. General corporate purposes.
Fidel Softech IPO Details
| Fidel Softech IPO Date | May 30, 2022 to Jun 2, 2022 |
| Fidel Softech IPO Face Value | ₹10 per share |
| Fidel Softech IPO Price | ₹37 per share |
| Fidel Softech IPO Lot Size | 3000 Shares |
| Issue Size | 3,650,000 shares of ₹10 (aggregating up to ₹13.51 Cr) |
| Fresh Issue | 3,650,000 shares of ₹10 (aggregating up to ₹13.51 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
| Company Promoters | Sunil Sudhakar Kulkarni and Prachi Sunil Kulkarni are the company promoters. |
Fidel Softech IPO Timeline
Fidel Softech IPO opens on May 30, 2022, and closes on Jun 2, 2022. The Fidel Softech IPO bid date is from May 30, 2022 10.00 A.M. to Jun 2, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Fidel Softech IPO Opening Date | May 30, 2022 |
| Fidel Softech IPO Closing Date | Jun 2, 2022 |
| Basis of Allotment | Jun 7, 2022 |
| Initiation of Refunds | Jun 8, 2022 |
| Credit of Shares to Demat | Jun 9, 2022 |
| Fidel Softech IPO Listing Date | Jun 10, 2022 |
Fidel Softech IPO Lot Size
The Fidel Softech IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹111,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹111,000 |
| Maximum | 1 | 3000 | ₹111,000 |
Fidel Softech IPO Promoter Holding
| Pre Issue Share Holding | 98.98% |
| Post Issue Share Holding | 72.72% |
Fidel Softech IPO Review
The company is operating in a highly competitive and fragmented segment. Based on its financial track records, the issue appears fully priced. Cash surplus/risk seekers may consider an investment with a long term perspective. Read detail review…
Fidel Softech IPO Recommendation by Members
Fidel Softech IPO Recommendations Details | Post Recommendation | Manage Recommendations
| Subscribe | Neutral | Avoid |
|---|---|---|
| 8 | 1 | 0 |
Fidel Softech IPO Subscription Status (Bidding Detail)
The Fidel Softech IPO is subscribed 1.58 times on May 30, 2022 5:00:00 PM. The public issue subscribed 1.07 times in the retail category, times in the QIB category, and 2.08 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) |
|---|---|
| NII | 2.08 |
| Retail | 1.07 |
| Total | 1.58 |
Fidel Softech IPO Prospectus
Company Contact Information
Fidel Softech Limited
Unit No. 202, 2nd Floor, Marisoft 3,
West Wing, Marigold Software IT Park,
Vadgaon Sheri, Pune – 411 014
Phone: 020 – 4900 7878
Email: investor-relations@fidelsoftech.com
Website: https://fidelsoftech.com/
Fidel Softech IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com