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Fatpipe Networks IPO is a book built issue of Rs 49.00 crores.
Fatpipe Networks IPO bidding started from June 7, 2010 and ended on June 9, 2010.
Fatpipe Networks IPO price band is set at ₹82 to ₹85 per share. The minimum lot size for an application is 70 Shares. The minimum amount of investment required by retail investors is ₹5,950.
Keynote Financial Services Ltd is the book running lead manager of the Fatpipe Networks IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Fatpipe Networks IPO RHP for detailed information.
| IPO Date | June 7, 2010 to June 9, 2010 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹82 to ₹85 per share |
| Lot Size | 70 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹49.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Fatpipe Networks IPO offers 5,975,610 shares. 2,987,805 (50.00%) to QIB, 896,341 (15.00%) to NII, 2,091,464 (35.00%) to RII. 29,878 RIIs will receive minimum 70 shares and (sNII) and (bNII) will receive minimum 2,380 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,987,805 (50.00%) | NA |
| NII (HNI) Shares Offered | 896,341 (15.00%) | |
| Retail Shares Offered | 2,091,464 (35.00%) | 29,878 |
| Total Shares Offered | 5,975,610 (100%) |
Investors can bid for a minimum of 70 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹5,950 |
| Retail (Max) | 33 | 2310 | ₹196,350 |
| Lot Size Calculator | |||
Fatpipe Networks India Limited, owned by DR. RAGULA BHASKAR, is the inventor and multiple patents holder of technology that provides the highest levels of WAN optimization, reliability, security, and bandwidth management.
Fatpipe's core technology, router clustering, involves patented and patent-pending methods that provide the highest levels of optimization, reliability, security and acceleration of Wide Area Networks (WANs) and enable high-speed data transfer through multiple lines, multiple ISPs, and backbones over WANs with seamless reassembly of data streams. Fatpipe technology affords companies, that run mission critical WAN applications over any type of infrastructure, automatic and dynamic failover of a downed data line due to a WAN component, line or service failure.
Company holds 7 patents on a technology called "Router-Clustering," which enables customers to obtain highly redundant and fast Internet/WAN access. FatPipe sells its products worldwide through a network of 2 authorized distributors and over 500 resellers. FatPipe is proposing to expand its operations to China, Singapore, South Africa, Kenya, Nigeria, Argentina, Belgium, Germany, France, Eastern Europe and Australia. Fatpipe will be setting up a wholly owned subsidiary in the US to expand US operations and to solicit government business.
The object of the issue are:
1. To expand the product line with enhanced R&D;
2. To establish 16 marketing Offices across the globe;
3. For strategic acquisition of business / company;
4. To meet margin money for working capital require;
5. To meet the Public Issue Expenses;
6. General corporate purposes.
The Fatpipe Networks IPO is subscribed 0.88 times on June 14, 2010 5:00:00 PM. The public issue subscribed 0.25 times in the retail category, 0.94 times in the QIB category, and 2.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.94 |
| NII | 2.12 |
| Retail | 0.25 |
| Total | 0.88 |
Brickwork Ratings India Pvt. Ltd has assigned an IPO Grade 2 to Fatpipe Networks IPO. This means as per Brickwork, company has below average fundamentals. Brickwork assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
Fatpipe Networks India Limited
3rd Flr Northern Wing Greams,
Dugar No.68 Greams Road,
Chennai - 600006, Tamil Nadu, India
Phone: 91- 44 - 28291265
Email: sanch@fatpipeinc.com
Website: http://www.fatpipe.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: mailmanager@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Fatpipe Networks IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹49.00 Crores. The issue is priced at ₹82 to ₹85 per share. The minimum order quantity is 70 Shares.
The IPO opens on June 7, 2010, and closes on June 9, 2010.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Fatpipe Networks IPO opens on June 7, 2010 and closes on June 9, 2010.
Fatpipe Networks IPO lot size is 70 Shares, and the minimum amount required is ₹5,950.
You can apply in Fatpipe Networks IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Fatpipe Networks IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Fatpipe Networks IPO allotment status.
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RHP
they got what they deserved.
same shud've been the fate of ntpc,sjvnl etc. etc.