Read AAA Technologies IPO alongside company data with PROs and CONs of investing with Grey market price in Comments, Article Published in Initial public offering section on e akhabaar
(i) AAA Technologies is an ISO 9001: 2015 and ISO 27001: 2013 accredited Company. They provide Information Technology and Information Security Auditing & Consulting services that enable organizations to identify the issues of corporate governance of the information system in a computerized environment and execute security controls to safeguard information and information system. The company has 64 people located at Mumbai and Delhi offices.
(ii) The Company offers IT audit services like Information System Audit, Cyber Security, IT Assurance & Compliance, Information Security, and IT Governance to BFSI, Government, Regulatory Agencies, and Public and Private Sector Organizations.
(iii) They Procure business from BFSI, Government, Regulatory Agencies, and Public Sector Companies. They bid for tenders available for CERT-In empaneled IT Security Organizations, and NICSI a company under the National Informatics Centre, Ministry of Electronics and Information Technology, GOI for providing and procuring IT solutions for multiple e-governance projects undertaken by NIC, MeitY, Governments, Government Organization, and PSU.
(iv) Over the years the Company has successfully completed audits of Companies/ Institutions across various industries like banking, insurance, Financial Institutions, NBFCs, Regulatory Bodies, Government, Municipalities and Panchayats, Payment Gateways, Stock Brokers, Education, Travel and Transport, Hospitality, Manufacturing and Engineering, Infrastructure, Healthcare, Information Technology, IT Enabled Services (ITeS), Ports, Power, Trading Corporations, Entertainment, E–Tendering, Defense and refineries.
Objects of the AAA Technologies IPO:
The net proceeds from the IPO will be used towards the following objectives;
a) To use funds for expansion and development of business operations.
b) To meet the working capital requirements and security deposit towards bank guarantees/LC.
c) To meet issue-related expenses.
AAA Technologies IPO Details:
| Open Date: | Sep 30 2023 |
| Close Date: | Oct 05 2023 |
| Total Shares: | 2,436,000 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Fixed Issue |
| Issue Size: | 10.23 Cr. |
| Lot Size: | 3000 Shares |
| Issue Price: | ₹ 42 Per Equity Share |
| Listing At: | NSE Emerge |
| Listing Date: | Oct 13 2023 |
Discussion on AAA Technologies IPO:
Post your comments and queries about GMP of AAA Technologies IPO below.