Open Date
27 Sep 2023
03 Oct 2023
4000 shares
₹47.03 Cr
Lot Size
IPO Size
Listing At
NSE SME
Listing Date
Price Range
₹29 to ₹31
Close Date
Allotment Date
06 Oct 2023
11 Oct 2023
Canarys Automations Limited, a company founded in 1991, offers IT solutions in the areas of digitalization, modernization, automation, and intelligence. The firm operates in two business sectors: Technology solutions: These cover a wide range of consulting services in the areas of automation, transformation, intelligence, and digitalization. DevOps Consulting (Azure, GitHub, Atlassian, GitLab, etc.), Cloud Consulting (Azure, AWS, GCP), Digital Enterprise Solutions utilizing SAP, MS Dynamics 365, RPA, Digital Applications, and Mobility Solutions are just a few examples of the technology specialties available. Water Resource Management Solution: This includes cloud-based water utilization process automation for water sharing in rivers and canals, SCADA gate control systems, and automation solutions to modernize irrigation water conservation and improve water use efficiency.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects: Funding of expenditure relating to solutions development for digital transformation and water resources management solutions. Creation of a new delivery center including infrastructure thereof and upgrading existing facilities. Funding working capital requirements of the Company. General corporate purposes.
The book-running lead managers to the offer are: Indorient Financial Services Ltd
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