IPO Details
RHP/DRHPIssue Date
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Investment/lot
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Price Range
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Lot Size
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IPO Size
N/A
Schedule of Inductus IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
About Inductus IPO
Inductus Limited IPO is an IPO of up to 67,42,000 equity shares. It consists of an offer for sale of up to 6,74,200 equity shares and a fresh issue of up to 60,67,800 equity shares. The lot size for the IPO is TBA. The price range for the shares is TBA.
The listing of the shares will take place on TBA. The shares will be allotted on TBA. The credit of shares to the demat account will take place on TBA, and the initiation of refunds will take place on TBA.
Objective of Inductus IPO
- To meet the working capital requirements.
- General corporate purposes.
- To meet the offer expenses.
Inductus IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band (₹) | TBA |
Existing Shares to be Sold | Up to 6,74,200 Equity Shares |
Fresh Issue | Up to 60,67,800 Equity Shares |
EPS (₹) For the year ended March 31, 2024 | 5.12 |
Inductus IPO Share offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIBs Share Offered | Not more than 50% |
Non-Institutional Bidders (NIBs) | Not less than 15% |
Retail Individual Bidders | Not less than 35% |
Industry Outlook
The Indian IT industry has witnessed substantial growth over the past two decades, largely driven by the expanding need for IT support services across diverse sectors such as pharmaceuticals, retail, and utilities. In 2015, large organisations in the retail and healthcare sectors in India increased their IT spending by 14%, highlighting the growing demand for technological expertise beyond traditional IT companies. This diversification of the end-user market has significantly contributed to the industry's expansion.
According to the National Association of Software and Service Companies (NASSCOM), the Indian IT industry’s revenue touched USD 22,700 crore in FY22. IT spending in India is estimated to record double-digit growth of 11.1% in 2024, totalling USD 13860 crore, up from USD 12,470 crore last year. The Indian software product industry is expected to reach USD 10,000 crore by 2025. Indian companies are focusing on investing internationally to expand their global footprint and enhance their global delivery centres.
The consulting sector in India is expected to reach USD 2,400 crore by 2025. This growth indicates that India is becoming a major player in consulting. Consulting companies in India are changing the industry dynamics by using new technologies such as AI (artificial intelligence). This helps them understand their clients’ requirements, leading to new ways of operating in the future of the consulting industry in India.
Company Information
Inductus Limited is a modern, technology-driven, diversified business services organisation with a remarkable track record spanning over 15 years. As a conglomerate, they operate in multiple sectors, offering a wide array of services including consulting and advisory, project management, and technology and industry solutions. The company primarily serves Central and State Government organisations, United Nations and multilateral organisations, as well as corporate and private sector clients. Headquartered in the Delhi NCR region, Inductus has established a robust presence across India, ensuring comprehensive service delivery nationwide. They excel in the design and execution of a diverse portfolio of services, encompassing consulting and advisory, outsourcing, project management, engineering, procurement, and construction (EPC), and industry-specific solutions. Their strength lies in meticulously crafted systems and processes, underpinned by a value-driven, quality-centric approach that integrates cutting-edge technology into every project, task, and assignment.
Inductus IPO Strengths
Access to a talented pool of human resources.
They play a vital role in helping organisations optimise their human capital and navigate the complexities of today’s workforce. With deep expertise in HR principles - spanning recruitment, employee relations, performance management, compensation, training, and legal compliance—they tailor their services to meet the specific needs of clients in industries such as technology, healthcare, finance, and manufacturing.
Proven processes and systems.
Their solutions are built on best practices developed through years of industry experience. They invest in knowledge management systems to capture and share insights, best practices, and lessons learned, enhancing efficiency and ensuring consistency across projects. Robust quality assurance processes ensure high standards throughout the engagement lifecycle, while continuous learning keeps their team at the forefront of industry trends.
Adoption of new age technology at every stage of the project life cycle.
They enhance project efficiency, productivity, and outcomes through advanced technologies. By leveraging data analytics and artificial intelligence, they inform project planning with insights from historical data, market trends, and stakeholder needs. Advanced project management tools facilitate task allocation, resource planning, and scheduling.
Risks of Inductus IPO
- Their services are subject to fluctuations in the costs associated with key resources or third-party services.
Their operations and service delivery are dependent on various key resources, including skilled personnel, software, and third-party services. The costs associated with acquiring and retaining these resources, as well as the fees for external services, are subject to fluctuations due to market conditions, inflation, regulatory changes, and the availability of skilled labour.
- Changing laws, rules, and regulations, and legal uncertainties, including adverse application of tax laws, may adversely affect their business and financial performance.
Their business and industry are regulated by various laws, rules, and regulations framed by the Central and State Governments. The regulatory and policy environment in which they operate is evolving and subject to change. These changes may pose challenges to their business, impacting their operational results and prospects.
- They derive the majority of their income from their customers within India. Therefore, factors that adversely affect the demand for their manufacturing and services in India may adversely affect their business.
They have in the past derived, and believe that they will continue to derive, a significant portion of their income from their customers within India. In addition, all of their employees are based in India. Consequently, factors that adversely affect the Indian economy or the demand for their manufacturing and services within India may adversely affect their business and profitability.
All Financial Information about Inductus IPO
Comparison with peers
| Parameter | Inductus Ltd | Rudrabhishek Enterprise Ltd | Mitcon Consultancy & Engineering Service Ltd |
|---|---|---|---|
Revenue from operations for the year ended March 31, 2024 (₹ in crores) | 107.663 | 91.987 | 70.054 |
P/E | --- | 27.62 | 22.90 |
EPS (Diluted) (₹) | 0.94 | 7.56 | 5.65 |
Return on Net Worth (%) | 8.33% | 10.75% | 6.44% |
NAV per share (₹) | 11.27 | 70.38 | 87.68 |
Anchor Investor Information
The Anchor Investor Bid/Offer Period shall be one Working Day prior to the Bid/Issue Opening Date.
IPO Registrar and Book Running Lead Managers
Book running lead managers:
Affinity Global Capital Market Private Limited
Registrar for the IPO is Cameo Corporate Services Limited
Business Model
The company earns its revenue through the following sources:
Design and execution of a diverse portfolio of services, encompassing consulting and advisory, outsourcing, project management, engineering, procurement, and construction (EPC), and industry-specific solutions. Inductus’ strength lies in its meticulously crafted systems and processes, underpinned by a value-driven, quality-centric approach that integrates cutting-edge technology into every project, task, and assignment.
Company Growth Trajectory
During the period that ended on 31 July 2024, the company reported net revenue from operations of ₹23.94 crore. During the same period, the other income of the company stood at ₹0.07 crore. The company reported restated profit after tax for the period ending 31 July 2024 of ₹1.69 crore, compared to ₹9.21 crore for the year ended March 2024. This represents 7.04% of total income during the period ended 31 July 2024, which covers only four months; the same stood at 8.52% of total income for the full year that ended 31 March 2024.
Company Market Position
Over the course of 17 years since its inception, Inductus has successfully served more than 300 esteemed clients, including government bodies and their subsidiaries, development sector organisations (NGOs), and leading corporate entities across India. Currently, Inductus has a presence across 18 states, pan-India. Out of these 18 states, they have a strong presence in over 10.
Here are some of their awards & accreditations:
- “Business Excellence Award” by Industry Association ASSOCHAM (2019).
- “Dainik Bhaskar Pride Award” for Outstanding Contribution to Business & Industries (2014).
- Samay Udyami Award for “Best Professional Service Provider” (2014) by Sahara Samay.
- Recipient of Idea Eyes “Professional of the Year Award” (2013).
- Recognised and rated amongst “100 Rising Businesses of the Year, 2011” by Entrepreneur Magazine (2011).
- Recipient of “National Achievement Award for Business Excellence” (2009).
- Recipient of “Rajiv Gandhi Shiromani Award” (2009).
- Recipient of “Rastriya Ratna Award” (2008).
How to Apply for Dr Agarwal’s Health Care Ltd IPO?
To apply for this IPO:
- Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section
- Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for
- Step 3: Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange
- Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds
- Step 5: Approve Request: Your funds will be blocked once you approve the mandate request on your UPI
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Inductus IPO FAQs
Where can I read more about Inductus business?
You can read more about Inductus and its IPO from the company’s red herring prospectus (RHP) here.
What is the Inductus Limited IPO?
The Inductus Limited IPO has an issue size of up to 67,42,000 equity shares. The IPO opens for subscription on TBA and closes on TBA.
Who is the Registrar for Inductus Limited IPO?
Cameo Corporate Services Limited is the registrar for this IPO.
Where can I read more about Inductus Limited business?
You may read more about Inductus Limited and its IPO from the company’s draft red herring prospectus (DRHP) here.
