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Issue Open Date
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27-Sep-23
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Issue Closing Date
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03-Oct-23
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Application Money
|
100
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Allotment Money
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Price Band
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29
-
31
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Minimium Application No.
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4000
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Issue Size (Shares)
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15172000
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Market Lot
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1
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Objective
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1. Funding of expenditure relating to solutions development for digital transformation and water resources management solutions2. Creation of new delivery centre including infrastructure thereof and upgrading existing facilities3. Funding working capital requirements of our Company4. General corporate purposes (collectively, the “Objects”)
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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39864000
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|
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Qualified Institutional Buyers
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7856000
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|
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Retail Individual Investors
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7856000
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Business Description:
Company was originally incorporated as a private limited company under the Companies Act, 1956 in the name and style of “Canarys Automations Private Limited” pursuant to certificate of incorporation dated July 1, 1991 issued by the RoC, Bengaluru, Karnataka. Our Company became a deemed public limited company under Section 43A of the Companies Act, 1956 and the word ‘private’ was deleted with effect from June 22, 1992, pursuant to that our Company once again became a private limited company with effect from June 20, 2000. Subsequently, our Company was converted into public limited company pursuant to special resolution passed in the EGM held on August 01, 2006, and consequently, the name of our Company was changed to “Canarys Automations Limited” and a fresh certificate of incorporation consequent upon conversion from private company to public company was issued by RoC, Bengaluru, Karnataka on September 21, 2006. Subsequently, our Company was converted into private limited company pursuant to the approval of our shareholders at an EGM held on November 16, 2007, and Consequently, the name of our Company was changed to “Canarys Automations Private Limited” and a fresh certificate of incorporation consequent upon conversion from public company to private company was issued by RoC, Bengaluru, Karnataka on November 27, 2007. Subsequently, our Company was converted into public limited company pursuant special resolution passed by the shareholders at the EGM held on May 19, 2023, and consequently, the name of our Company was changed to “Canarys Automations Limited” and a fresh certificate of incorporation consequent upon conversion from private company to public company was issued by RoC, Bengaluru, Karnataka on June 27, 2023.
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Promoter's Holding
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Total Share Capital
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31780960
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Offered to Public
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15172000
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Promoter's Holding (Pre-Issue)
|
77.49
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Promoter's Holding (Post-Issue)
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56.57
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Address |
No. 566 & 567
2nd Floor
30th Main
Attimabbe Road
Banagirinagara
Banashankari 3rd Stage
Bengaluru
,
Karnataka
,
560085
Phone :
080-26799915
Email :
fin@ecanarys.com
Website :
www.ecanarys.com
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Registrar |
Link Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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NSE
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Lead Manager |
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Indorient Financial Services Ltd.
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Promoters |
Danavadi Krishnamurthy Arun
Metikurke Ramaswamy Raman Subbarao
Nagaraju Vineeth
Pushparaj Shetty
Raghu Chandrashekhariah
Sheshadri Yedavanahalli Srinivas
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