Chatterbox Technologies IPO Review 2025
The primary market in India continues to witness an active pipeline of SME and mainboard IPOs. One of the most awaited issues in September 2025 is the Chatterbox Technologies IPO, which has attracted keen interest from IPO Investors due to its focus on digital communication and enterprise software solutions.
This detailed review covers the IPO price band, subscription status, Grey Market Premium (GMP), company background, financials, SWOT analysis, and expert recommendations. Additionally, we explore its DRHP and RHP filings to understand the finer details of the offering.
Quick Facts – Chatterbox Technologies IPO
- IPO Name: Chatterbox Technologies Ltd.
- IPO Type: Book Built Issue
- Face Value: ₹10 per equity share
- IPO Size: ₹72.40 crore (Fresh Issue + OFS)
- Price Band: ₹90 – ₹95 per share
- Lot Size: 1,200 shares
- Minimum Investment: ₹1,14,000
- Listing Exchange: NSE SME
- Registrar: Link Intime India Pvt. Ltd.
- Issue Opens: 3rd October 2025
- Issue Closes: 7th October 2025
- Allotment Date: 10th October 2025
- Listing Date: 14th October 2025
About Chatterbox Technologies
Chatterbox Technologies is a fast-growing IT services and enterprise communication solutions provider specializing in SaaS platforms, AI-driven chat solutions, and secure business messaging. Founded in 2015, the company has grown its presence across India and Southeast Asia, catering to BFSI, healthcare, and e-commerce clients. Its flagship product, ChatCore Suite, is widely adopted for corporate communication and customer engagement.
The company aims to utilize IPO proceeds for product expansion, R&D, marketing, and working capital requirements.
IPO Objectives
- Investment in R&D for AI-driven communication software
- Geographic expansion across South Asia and Middle East markets
- Working capital requirements
- Debt repayment
- General corporate purposes
Subscription Status
On the first day of bidding, the IPO saw healthy participation, particularly from retail IPO Investors. As of the latest update:
- Retail Category: 8.32x subscribed
- NII (HNI) Category: 5.76x subscribed
- QIB Category: 2.15x subscribed
- Total Subscription: 5.41x overall
The momentum suggests strong demand, and final oversubscription figures are expected to be much higher by the closing date.
Grey Market Premium (GMP)
As of the latest reports, the Chatterbox Technologies IPO GMP is around ₹38–₹42 per share, indicating a potential listing premium of 40–45% over the upper price band of ₹95. However, GMP should not be the sole factor for investment decisions as it is highly speculative and reflects short-term IPO Behaviour.
Financial Performance
| Particulars | FY 2023 | FY 2024 | FY 2025 (Q1 Annualized) |
|---|---|---|---|
| Total Revenue (₹ Cr) | 68.2 | 95.6 | 124.3 |
| EBITDA (₹ Cr) | 11.4 | 17.2 | 21.6 |
| Net Profit (₹ Cr) | 4.8 | 7.5 | 9.8 |
| Net Worth (₹ Cr) | 32.4 | 40.1 | 52.8 |
| EPS (₹) | 6.4 | 9.8 | 12.6 |
| RoNW (%) | 14.8 | 18.7 | 20.5 |
The company has shown consistent revenue growth of over 30% CAGR in the last three years. Profit margins are expanding, supported by scale and SaaS model adoption.
SWOT Analysis
- Strengths: Strong SaaS-driven business model, rising enterprise demand, healthy financial growth, experienced management team.
- Weaknesses: High customer concentration risk, dependence on BFSI and e-commerce clients, relatively small balance sheet.
- Opportunities: Rising digital adoption, expansion into new geographies, AI-driven enterprise solutions demand.
- Threats: Competition from global SaaS giants, regulatory risks, data privacy challenges.
Valuation & Peers
At the upper band of ₹95, Chatterbox Technologies IPO is valued at a P/E multiple of 18.5x FY24 earnings, which appears reasonable compared to listed peers such as Route Mobile (P/E ~ 25x) and Tanla Platforms (P/E ~ 21x). This positions the IPO at a fair valuation with scope for listing gains.
Investment Outlook
The IPO has several positives – strong growth, scalable SaaS model, consistent profitability, and attractive valuation. The demand from IPO Investors further strengthens its case for listing gains.
Recommendation: ✔ Apply for listing gains and consider holding long-term if you believe in SaaS and enterprise communication growth.
Conclusion
The Chatterbox Technologies IPO presents an attractive opportunity with fair pricing and strong fundamentals. While market risks remain, the company’s innovative products and digital growth trajectory position it well for the future. Conservative investors may apply for listing gains, while aggressive investors may consider long-term holding.
For detailed insights on related IPOs, you can check our coverage on Airfloa Rail Technologies IPO, JD Cables IPO, iValue Info Solutions IPO, Siddhi Cotspin IPO, L&T Elevator IPO, and Sampat Aluminium IPO.
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