Xelpmoc Design and Tech Limited — a professional and technical consulting services and support provider that is offering technology services and end-to-end technology solutions — has launched its IPO from January 23 to 25, 2019 for Equity Shares at price band of between Rs 62 to 65 per share, aggregating upto Rs 23 crores.
Sandipan Chattopadhyay, CEO/MD/Founder of the company told media here recently that the company proposed to utilize the net proceeds for purchase of IT hardware and network equipment for development centers in Kolkata and Hyderabad; Purchase of fit outs also for the new development centers there; Funding the working capital requirements of the company; and general corporate purposes.
Xelpmoc’s clients ranged from entrepreneurs and startup enterprises to established companies engaged in e-commerce, transportation and logistics, recruitment, financial services, social networking and various other industries, he said, adding that the company had commenced its operations in 2015 in Bengaluru for servicing enterprises across four states across India and had grown its portfolio of services and products according to evolving needs of its clients.
”The company believes that it is among the few technology service providers with accessibility to domain experts and benefits from the expertise and experience of its promoters and senior management in a range of sectors including financial services, retail, media and entertainment, and business services,” he said.
Pointing out that the next round of growth will be coming from the fundamental needs of both rural and cosmopolitan India, he said – in a lighter vein – “We love comic book analogies and where all people may have heard about comic book superheroes Batman and Robin, we would like to be these heroes’ ‘Wayne Enterprises’ in which our present-day superheroes will be the +new age entrepreneurs+ who will work to solve the problems of New India.”
Highlighting the fact that a lot of investment goes into educating the market and catalyzing education to ensure that they understand the value, he said “India is poised for challenges in automation and it is time for Xelpmoc to reap the harvest on that trend since Datasciences and Automation is our forte. We are dealing with mass market products and catering to the next 500 million Indians including rural areas, agriculture, truckers that we deal with through the kind of interfaces that we thrive on.”
“We think of everything as a component that has to be fine-tuned to give customers capability. Every company will have to be a technical one and the level of leveraging will differentiate between such companies. We are looking at strategic opportunities to get access to market shares and also on lateral and indepth efforts to increase our customer base,” he said, while noting that success stories included Farmers’ income in West Bengal rising by two to six times in the last three years.
Noting that Startups require 17 to 18 skills sets along with about 45 people, he said Xelpmoc is able to bring in people — that Startups cannot afford –due to its vast experience in various fields of activity. “We are able to enhance clients’ services by constantly being the disruptor within, especially where overcrowding and oversaturation is happening in the ‘Meccas’’ of software. The existence of companies like us have led to strong economies like USA and Japan, and our consolidation and growth has leap-frogged us from beginning with two companies to 23 companies today, where most of them are ‘milch cows’ and ‘lifetime earnings’ for the next three years,” he added.
Srinivas Koora, Chief Financial Officer, Xelpmoc, said that the company would be in the “Green” in the future.
