Mindpool Technologies IPO: Upcoming IPO Issue in February 2019

Mindpool Technologies IPO: Mindpool Technologies Limited, a company engaged in the business of IT staffing and consultancy, is Issuing the IPO (Initial Public Offering) for subscription from 14-February-2019 to 20-February-2019.

Mindpool Technologies IPO

Mindpool Technologies IPO –  Issue Details
Issue Type Fixed Price Issue IPO
Issue Open 14-February-2019
Issue Closes 20-February-2019
Face Value Rs 10 per Equity Share
Issue Price Rs 30 per Equity Share
Issue Size 1,200,000 Equity Shares (Rs 3.60 Crores)
Minimum Order 4,000 Shares
Listing NSE SME

(Read: IPO process in India Steps)

Mindpool Technologies IPO – Objects of the Issue

Following are the objects of Mindpool technologies IPO Issue:-

  1. To meet the working capital requirements of the company.
  2. For the general corporate purpose, and
  3. To meet the expenses of the issue.
About Mindpool Technologies Limited

Mindpool technologies Limited was incorporated in the year 2001 and it is engaged in the business of IT staffing and consultancy. This company operates from its three registered offices situated in Pune, Bangalore, Mumbai and Chennai. Apart from IT staffing and consultancy, it provides Oracle consultancy services and corporate training services. They provide corporate training services to the industries such as banking and finance, automotive, telecom, healthcare, retail, entertainment in India and the US. The company claims to serve 22 clients and have 103 associate employees.

Following are the key services provided by the company:-

  • Oracle Consultancy Services: Services in Oracle EBS, Oracle SCM, Oracle SOA. They provide services in this domain such as advising, building, implementing etc.
  • IT Staffing Solution: They provide manpower recruitment and outsourcing to their clients.
  • Corporate Training: Their training includes building IT skillsets, improvement of technology knowledge, enhancement of soft skills.

Please visit the company’s website for further details about its business.

As on 31-March-2018, the total assets of the company is Rs 1,204.12 lakhs, and the total revenue is Rs 1,734.41 lakhs.

Promoters: Ritesh R. Sharma and Poonam R. Sharma

Registered Address: Unit No. 102/9 1st Floor, Building „C‟, Pune IT Park, Bopodi, Pune-411020, Maharashtra, India,

Corporate Address: Enzyme Tech Park, 1st Floor,142, Koramangala Industrial Layout, Hosur Main Road, 5th Block Koramangala, Bangalore – 560095.


(Read: Security Market and Its Structure – Primary Market and Secondary Market)

Mindpool Technologies IPO – Lead Manager to the Issue

Hem Securities Limited

Mindpool Technologies IPO –  Registrar to the Issue

Bigshare Services Private Limited

Please go through this prospectus for more detailed information.

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Disclaimer: This post is just information about the issue. It does not give any advice or recommendation. Investments into securities are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions. 

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