About Advantal Technologies IPO
The Advantal Technologies IPO is a book-built issue comprising a fresh issue of up to 23.28 lakh equity shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on September 30, 2024. The price band and official dates of subscription and listing will be announced by the company later, but the shares are supposed to be listed on the NSE Emerge platform. The book-running lead manager of this issue is Hem Securities Ltd. and the registrar to the offer is Bigshare Services Private Ltd.
Company Background
Advantal Technologies Ltd. was incorporated in 2010 and over time, the company has grown into a comprehensive software product engineering services company. The current business of the company includes custom software development, digital transformation, AI/ML solutions, IT services and proprietary software products. The company has its registered corporate office located in Gurgaon, Haryana, while its operations are based in Indore, Madhya Pradesh, thereby ensuring a strong geographic presence in both local and global markets.
Operations & Product Range
Advantal Technologies Ltd. offers various services, such as web design, e-commerce solutions and mobile app development services. The company designs its software solutions, such as ShieldCrypt and Shield360°, to offer data security and logging solutions. The company’s services are designed for different industries like the banking, insurance and telecom sectors and thus the company has a wide range of customers, which differentiates it from others in the technology services field.
Facilities & Capacity
The operational execution of Advantal Technologies Ltd. is managed through its corporate office in Indore and the registered office in Gurgaon. The company’s current capacity and operational delivery are maintained through its employee strength of 111 employees in various technical and administrative departments as of May 31, 2024. This issue will be raised for funding capital expenditure plans for the company’s overall business growth and scaling up the existing technological base.
Brands & Market Presence
Advantal Technologies Ltd. has successfully created a market presence with its flagship cybersecurity and management software solutions, such as ShieldCrypt and Shield360°. The company has a good balance of local operations along with a substantial contribution of exports, as it actively operates in the international marketplace, catering to customers based in various countries, including the UK, USA, South Korea, Saudi Arabia, Kuwait, Cyprus and Bahrain.
Revenue Streams & Business Model
The business model of Advantal Technologies Ltd. includes its primary revenue streams as custom software product engineering services, IT services and the licensing of its own software products. The income generated by the company has reached ₹15.27 Cr for the FY24 financial year. This has been possible because of the growing demand for digital transformation solutions. The company has a diverse geographical footprint in terms of its client base. The financial contributions are coming from the Indian market as well as the growing exports.
Management & Shareholding
The strategic vision of Advantal Technologies Ltd. is led by its core promoters, Sandesh Tallera and Ashish Thakral. The promoters bring extensive experience to the technology sector, guiding the firm’s service evolution and international client acquisition. Before the Advantal Technologies IPO, the promoter held the majority of the stake, 99.98%, which will be diluted after the IPO listing.
Board & Key Management
The board and management of Advantal Technologies Ltd. are headed by the core promoters, Sandesh Tallera and Ashish Thakral, who are in charge of the entire executive functions and strategic direction of the company. The management is further complemented by specialized key managerial personnel, including the company’s CFO Rajendra Solanki and CS Deepti Agrawal, who are in charge of the company’s governance and internal transparency.
Advantal Technologies IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Issue Price Band | - |
| Lot Size | - |
| IPO Type | Fresh Capital |
| Total Issue Size | - |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | Upto 23,28,000, Equity shares aggregating upto Rs. [●] Cr |
| Offer for Sale | - |
| Net Offered to Public | - |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 64,98,700 Shares |
| Share Holding Post Issue | 64,98,700 Shares |
Advantal Technologies IPO Financial Information
Latest Revenue
15.27
₹ Crore
Profit After Tax
4.57
₹ Crore
Net Worth
7.34
₹ Crore
Total Borrowing
0.65
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 10.43 | 15.27 | 4.57 | 7.34 | 7.34 | 0.65 | |||
| 31 Mar 2023 | 5.44 | 10.65 | 1.38 | 2.77 | 2.77 | 0.45 | |||
| 31 Mar 2022 | 3.53 | 6.95 | 0.45 | 1.39 | 1.39 | 7.34 | |||
| Amount in ₹ Crore | |||||||||
Advantal Technologies Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 90.13% |
| ROCE | 78.54% |
| Debt/Equity | 0.09 |
| RoNW | 62.14% |
| PAT Margin | 30.15% |
| EBITDA Margin | - |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.03 | - |
| P/E (x) | - | - |
IPO Objectives
The proceeds of the Advantal Technologies IPO will be used for specific strategic plans of the company, which are:
- • Funding inorganic growth and other strategic initiatives
- • Funding the capital expenditure for expansion
- • Funding the working capital requirements
- • General corporate purposes
Conclusion
Advantal Technologies IPO is an opportunity for investors to invest in a tech-driven company that offers a glimpse into a scalable IT and software engineering enterprise. Through the use of proprietary security solutions, a diverse international client base and full-service digital lifecycle solutions, the company is catering to the fundamental technology needs of modern businesses. The planned use of funds for strategic initiatives and infrastructure development also indicates management’s focus on execution and growth.
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Competitive Strengths
Comprehensive capabilities in the digital lifecycle, from requirement gathering to deployment and maintenance.
Strong customer base in multiple high-growth segments and geographies.
Promoters are very skilled and lead the decision-making process, being experienced in their fields.
Adhering to strict rules to ensure high-quality and security standards
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | SEBI/Exchange approval received | 08/05/2025 | - |
| 2 | Filed with SEBI/Exchange | 30/09/2024 | - |
Advantal Technologies IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | — | — | |
| Individual investors (Retail) (Max) | — | — | |
| S-HNI (Min) | — | — | |
| S-HNI (Max) | — | — | |
| B-HNI (Min) | — | — |