Datamatics Technologies IPO
Datamatics Technologies IPO — date, price band, lot size & details 2004
Datamatics Technologies listed on 7 May 2004 at ₹170, 54.5% above the ₹110 issue price.
Datamatics Technologies is a Mumbai based IT enabled services and BPO company in the Datamatics group, offering content management, back office and transaction processing services. Its total income was Rs 60.43 crore in FY2003.
Stock price
Datamatics Technologies is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 12 Apr 2004
- Close 19 Apr 2004
- Allotment 30 Apr 2004
- Refund/credit TBA
- Listing 07 May 2004
Issue summary
The terms of the offer, as filed.
| IPO Dates | 12 to 19 Apr, 2004 |
|---|---|
| Price Band | ₹101 – ₹110 |
| Face Value | ₹5 |
| Lot Size | 50 Shares |
| Issue Size | ₹113.3 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 5,500 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 50 shares at the ₹110 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 50 | ₹5,500 |
| Retail (max) | 36 | 1,800 | ₹1,98,000 |
| S-HNI (min) | 37 | 1,850 | ₹2,03,500 |
| S-HNI (max) | 181 | 9,050 | ₹9,95,500 |
| B-HNI (min) | 182 | 9,100 | ₹10,01,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income doubled from Rs 29.75 crore in FY2001 to Rs 60.43 crore in FY2003, and was Rs 72.73 crore in nine months to December 2003.
- 02Profit after tax rose from Rs 8.33 crore in FY2001 to Rs 15.53 crore in FY2003, and was Rs 21.26 crore in nine months to December 2003.
- 03Return on net worth was 20.83%.
- 04Net worth rose from Rs 41.56 crore in FY2001 to Rs 65.21 crore on 31 December 2003.
Risks · 5
- 01Its largest client made up 26% of revenue in nine months to December 2003.
- 02BPO work depends on skilled staff, and attrition can hurt delivery; total income was Rs 72.73 crore in nine months.
- 03Much of the money went into subsidiaries, including Rs 6.80 crore for Saztec International and Rs 4.60 crore for CorPay Solutions.
- 04Overseas clients bring currency risk; total borrowing rose to Rs 14.41 crore in December 2003.
- 05Promoter group holding fell from 92.83% before the issue to 68.95% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Datamatics Technologies offer document.
| Metric | 31 Dec 2003 | 31 Mar 2003 | 31 Mar 2002 | 31 Mar 2001 |
|---|---|---|---|---|
| Assets | 81.49 | 65.09 | 58.36 | 52.55 |
| Total Income | 72.73 | 60.43 | 42.91 | 29.75 |
| Profit After Tax | 21.26 | 15.53 | 12.01 | 8.33 |
| NET Worth | 65.21 | 57.19 | 44.92 | 41.56 |
| Reserves and Surplus | 49.18 | 41.84 | 29.58 | 23.21 |
| Total Borrowing | 14.41 | 6.12 | 13.39 | 10.94 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Datamatics Technologies RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Datamatics Technologies IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹4.84 | ₹6.99 |
| P/E Ratio (x) | 22.71 | 15.74 |
| Market Cap at Offer Price (₹ Cr) | ₹483.18 | ₹334.56 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹110 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹93.50 Cr of the issue is earmarked to named objects.
About the company
It offers IT enabled and BPO services such as content management, back office processing, workflow solutions, finance and accounting, tax and claims processing.
Its largest client accounted for 19% of revenue in 2002, 17% in 2003 and 26% in nine months to December 2003, on a consolidated basis.
The IPO was Rs 113.3 crore, with Rs 93.50 crore of fresh issue and Rs 19.80 crore of offer for sale, at Rs 110, the top of the Rs 101 to Rs 110 band. The money was for investments in subsidiaries such as Saztec International and CorPay Solutions, and other purposes.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Datamatics Technologies IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
255 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
HSBC InvestDirect Securities (India) Ltd
24 issues handledBest listing: Dishman Pharmaceuticals & Chemicals (+97.1%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Datamatics Technologies?
The current Grey Market Premium is ₹0.
What is the Datamatics Technologies IPO price band?
₹101 to ₹110, on a face value of ₹5.
When is the allotment?
The basis of allotment is 30 April 2004, with listing on 7 May 2004.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
