Fidel Softech IPO Review
Fidel Softech IPO (review) is a LangTech Consulting company that provides technological services with local language user interfaces and user experiences. Company was incorporate in 2003 and is located in Pune, Maharashtra.
Fidel 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.
Fidal softech Total Assets till march 22 were 2,010.36. If we compare it to 2021 the number of total assets were 1,758.14 and in 2020 it was 1,005.53
The total revenue has exponentially grown. In the year 2020 it was 2,280.41. In 2021 the total revenue was 2,620.61 and in 2022 it is 2,686.78
Profit after tax has also seen growing .in march 2020 the profit after tax was 314.75 , in 2021 it was 345.01 and in 2022 it is 456.50
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 Face Value is rs 10 per share. Fidel Softech IPO Price is ₹37 per share,Fidel Softech IPO Lot Size is 3000 shares and issue size is 3,650,000 shares of ₹10 (aggregating up to ₹13.51 Cr). The listing of this IPO is in NSE SME. If we look upon IPO Promoter Holdings the Pre Issue ShareHolding is 98.98% & post issue shareholding is of 72.72%
The company was incorporated as a private limited Company under the name “Fidel Softech Private Limited” under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated December 24, 2004 issued by Registrar of Companies, Pune. Subsequently, the Company was converted into a public limited company pursuant to approval of the Shareholders at an Extraordinary General meeting held on April 04, 2022 and consequently, the name of our Company was changed to “Fidel Softech Limited” and a Fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company was issued by Registrar of Companies, Pune on April 13, 2022. Sudhakar Shankarrao Kulkarni and Ranjana Sudhakar Kulkarni were the initial subscribers to the Memorandum of Association of our Company.
Fidel Softech (IPO) is a LangTech Consulting company that provides technological services with local language user interfaces and user experiences. This sector is assume to grow immensely. As the government of india is promoting make in india & giving a technological boost by digitalising everything. Can be a huge benefit for fidel softech ipo. We recommend May Apply Rating. Before applying do your own research.
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