Mindpool Technologies IPO Review

Mindpool Technologies Limited is engaged in the business of providing Oracle Consultancy Services, IT staffing and solutions, and Corporate Training Services. This is mainly Pune based company. The article is all about Mindpool Technologies IPO Review but apart from this, you will have issue details, objectives of the issue, company summary etc.

Mindpool Technologies IPO Review Issue Details :

This is the most important part of the article Mindpool Technologies IPO Review.

  • IPO Opens on –NSE emerge
  • IPO Closes on –Feb 6, 2019
  • Face Value – Rs.10 Per Equity Share.
  • Issue Price – Rs. Per Equity Share.
  • Issue Type – Fixed Price Issue IPO.
  • Market Lot – Nil.
  • Minimum Order Quantity – Nil.
  • Issue Size – 3,100,000 Equity Shares of Rs. 10 aggregating up to Rs. [.] Cr.
  • Fresh issue – 1,500,000 Equity Shares of Rs. 10 aggregating up to Rs. [.] Cr.
  • Listing Exchange – NSE SME Exchange.
  • Draft Prospectus – Click Here.

Objectives of the issue of the Company :

  • To Meet Working Capital Requirement of Mindpool Technologies Limited.
  • The object of the issue is the General Corporate purpose of this company.
  • Mindpool Technologies Limited is meet the Issue of Expenses.

About The Company –

  • Mindpool Technologies Limited was incorporated in 2011.
  • This company offers these services across various industries including banking and financial services, automotive and engineering, telecom, healthcare, Retail and Entertainment in India and US.
  • Mindpool Technologies Limited has served 22 clients and has 103 employees.
  • This company is one of the leading IT Contract Staffing and Recruiting Services Provider delivering technology experts and capabilities to its clients from diverse industries across the world.
  • Mindpool Technologies Limited principal services of the company include:
  1. Oracle Consultancy Services: Mindpool Technologies Limited provides services in Oracle EBS, Oracle SCM and Oracle SOA covering upgrade and support solutions. this company’s services include advising, building, implementing, managing and supporting Oracle solutions and operating Oracle systems for their clients.
  2. IT staffing solutions: Mindpool Technologies Limited’s services include manpower recruitment and outsourcing for clients, comprising permanent staffing solutions and flexi staffing solutions.
  3. Corporate Training: Mindpool Technologies Limited provides the training programs to assist the employees of the clients in building their IT skillsets, to improve their technological knowledge, enhance their soft skills etc.
  • This company have state-of-art delivery centers in Bangalore, Mumbai, Pune and Chennai with strong business presence in US, India and globally.
  • Mindpool Technologies Limited has been receiving excellent customer satisfaction ratings in IT Service Delivery for seven consecutive years.
  • This company also offer comprehensive and world-class courses in domains such as Oracle SOA, Android and IOS Development, AWS and Hadoop Development and Administration.
  • Mindpool Technologies Limited’s experts have experience of 7 plus years in devising and delivering customized enterprise workforce learning and development programs for employees around the globe.

Mindpool Technologies Limited

Industries of Mindpool Technologies Limited :

  • IT SOFTWARE –

IT Software industry of Mindpool Technologies Limited is going through an enormous transformation, driven by the growing use of technology in all walks of our lives. Now innovation of this company has to be adopted faster than before and IT sector is already changing a lot of aspects of today’s professional world. Due to the growing skills of Mindpool Technologies Limited gap in the IT industry, organizations are constantly required to struggle and content to obtain the right fit.

  • HEALTHCARE –

Healthcare sector of Mindpool Technologies Limited is a demanding industry which has huge responsibility to ensure holistic patient well-being and adopt new changes as soon as they are introduced in the global markets. This field of this company calls for really painstaking selection and challenging recruitment of talent, allowing no room for any mistakes in the process.

  • ENGINEERING And MANUFACTURING –

Engineering and Manufacturing of Mindpool Technologies Limited is a challenging industry that keeps on evolving as per the trends in the market. This field of this company requires candidates who are passionate and are ever-willing to develop themselves every day.

  • BFSI –

The Banking, Financial Services, and Insurance, or BFSI industry of Mindpool Technologies Limited is always at the edge when it comes to adapting to newer technologies or adhering to new industry norms. This field of this company has really rapidly adopted and incorporated the latest in cloud computing, IT and mobility while taking great leaps. This is vital that an evolving arena like BFSI chooses best-in-class talent that is competent and at the same time familiar with the industry nuances.

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  • RETAIL –

The retail marketplace of Mindpool Technologies Limited has always been ahead when it comes to the adoption of the latest technologies and trends. The retail industry of this company is constantly under a lot of pressure to absorb future-ready talent since the consumer is getting more demanding, sophisticated and tech-savvy every day.

  • Telecommunication –

Telecommunication of Mindpool Technologies Limited is a fast-paced industry that people rely upon to stay connected to each other in a boundary-less world. This is an industry of this company that is fastest to absorb the latest technological advancements and demands resources who are ready to match up with the expectations of an empowered consumer.

  • MEDIA and ENTERTAINMENT –

Media and Entertainment industry of Mindpool Technologies Limited is always a forerunner in adopting new technologies and industry best- practices. This company becomes challenging to recruit the right-fit in this industry.

Location :

US Office –

388 Santana Row,
San Jose, CA 95128,
Contact- +1 408 476 6650

Another US Office –

3422 Old Capitol Trail,
Suite 1634, Wilmington,
DE 19808-619.

Bangalore –

Enzyme Tech Park, 1st Floor,
#142, Koramangala Industrial Layout,
Hosur Main Road, 5th Block Koramangala,
Bangalore – 560095.
Contact- +91 9900038833.

Pune –

Mindpool Technologies Ltd.
C/102/09 Pune IT Park Aundh road,
Bhau Patil Marg, Pune 411020.
Contact- 020 66240089.

Chennai –

No.11, Rattha Tek Towers – DOXA,
Rajiv Gandhi Salai (OMR), Okkiyum Thoraipakkam,
Chennai-600097.
Contact- +91 9900038836

Mumbai –

Level 2,Kalpataru Synergy,
Opposite Grand Hyatt, Santacruz East,
Mumbai-400 055.

The promoter of Mindpool Technologies Limited :

  • Ritesh R. Sharma, aged 41 years, is Promoter and Managing Director of This Company.
  • Poonam R. Sharma, aged 37 years, is Promoter and Whole Time Director of this Company.

The Board of Directors of this company :

  • Ritesh R. Sharma, aged 41 years, is Promoter and Managing Director of This Company.
  • Poonam R. Sharma, aged 37 years, is Promoter and Whole Time Director of this Company.
  • Dattatreya Pendyal, aged 69 years, is the Non-Executive Director of this Company.
  • Narottam V. Joshi, aged 72 years, is the Non-Executive Independent Director of this Company.
  • Jeendru Venkat Reddy, aged 42 years, is the Non-Executive Independent Director of this Company.

Competitive Strengths of Mindpool Technologies Limited :

  • The main competitive strength of Mindpool Technologies Limited is a Diverse portfolio of Services.
  • Established relationship with clients leading to recurring business is another strength of this company.
  • One of the competitive strength of Mindpool Technologies Limited is their experienced management and operational team.
  • Customer Satisfaction is the most important strength of this company.
  • The strength of Mindpool Technologies Limited is Diversified Industry Sectors.

Business Strategies for this company :

  • The main business strategies of Mindpool Technologies Limited is Technology and Operational Excellence.
  • One of the strategies are attracting and retain the talented employee.
  • Increased Focus on Oracle-based services is another business strategy of Mindpool Technologies Limited.
  • The Strong Business Development and Sales team are the most important business strategies for this company.
  • One of the best strategies of Mindpool Technologies Limited develops and maintain relationships with the Clients.
  • Enhancing Operating Effectiveness and Efficiency are the business strategies of this company.

Company Financials :

Company financials statement is required for analyzing the Mindpool Technologies IPO Review.

Mindpool Technologies IPO

Mindpool Technologies IPO Review :

This is the most vital part of today’s article Mindpool Technologies IPO Review. The previous five years statement shows the company carries an abrupt profit-loss amount. They had the highest profit in the FY 15 and lowest at FY17. If we look at the fundamental ratios of the company, it reflects the company’s strength and weakness. The company EPS (Earnings Per Share) was at the level of 5.62 as per the FY18 consolidated statement. There is no P/E or price to earnings ratio reflected in the company DHRP (draft red herring prospectus). RoNW (return on net worth) was 16.26% and NAV/Share was 34.53 in the year 2018 (consolidated statement basis). Now, let’s put the focus on the Mindpool Technologies IPO Review which is NEUTRAL. Investors may try for the investment but at their own risk. There is a possibility of long-term gain here.



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