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InfoBeans Technologies Ltd IPO (InfoBeans Technologies IPO) Detail

Apr 18, 2017 - Apr 21, 2017

Incorporated in 2011, InfoBeans Technologies Ltd (ITL) is software services company which develops and maintains computer software in India and internationally. ITL’s services can be broadly categorized as storage & Virtualization, Media & Publishing and eCommerce.

Company offers automated testing services; enterprise cloud solutions to automate operations, such as IT helpdesk, asset management, enterprise service management, and virtual support workflow; UX and UI design services; and custom application development services, including application development, maintenance and support, migration, re-engineering and modernization, and quality assurance services. They also provides distributed storage systems; publishing services for web, mobile, and print, as well as format conversion services; and e-commerce solutions. In addition, the company offers hard-ware products.

In India it operates out of 2 facilities in Indore and Pune employing more than 600 people across locations. As the company has prominence in exports, it has established local presence in the North American market by way of a 100% subsidiary, which has 2 offices located in California & Georgia, USA. ITL is ServiceNow partner for implementing their software.

Company Promoters:

The promoters of the company are:

1. Mr. Siddharth Sethi,
2. Mr. Avinash Sethi and
3. Mr. Mitesh Bohra

Company Financials:

Summary of financial Information
Particulars For the year/period ended (in Rs. Million)
31-Dec-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 5,522.11 4,689.08 3,108.49 2,626.36 1,446.98 1,004.64
Total Revenue 5,068.47 6,206.02 3,535.18 3,311.47 2,190.29 1,581.70
Profit After Tax (PAT) 715.83 1,356.11 542.56 913.57 435.83 255.60

Objects of the Issue:

The objects of the Issue are:

1. Acquisitions and Other Strategic Initiatives;
2. Technical Development;
3. Investment in their Subsidiaries
4. Advertising and Sales Promotion;
5. General Corporate Purposes;
6. Issue Expenses.

Issue Detail:

  »»  Issue Open: Apr 18, 2017 - Apr 21, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 6,342,000 Equity Shares of Rs 10 aggregating up to Rs 36.78 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 58 Per Equity Share
  »»  Market Lot: 2000 Shares
  »»  Minimum Order Quantity: 2000 Shares
  »»  Listing At: NSE SME

InfoBeans Technologies IPO Reviews:

  1. InfoBeans Technologies Ltd IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved
Day 1 - Apr 18, 2017 17:00 IST86,000864,0001,416,0002,366,000
Day 2 - Apr 19, 2017 17:00 IST1,386,000952,0006,182,0008,520,000
Day 3 - Apr 20, 2017 17:00 IST2,736,0002,930,00025,554,00031,220,000
Day 4 - Apr 21, 2017 17:00 IST4,200,000114,896,00079,404,000198,500,000

InfoBeans Technologies IPO Prospectus

InfoBeans Technologies IPO Rating

226
3.8
Rating:Rated 3.8 stars

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InfoBeans Technologies IPO News Alerts

  1. Friday, April 21, 2017 12:00:00 AM
    InfoBeans Technologies Ltd IPO - Close
  2. Tuesday, April 18, 2017 12:00:00 AM
    InfoBeans Technologies Ltd IPO - Open

Company Contact Information

InfoBeans Technologies Ltd
601-602,
Rafael Tower 8/2,
Old Palasia Indore – 452001
Phone: +91- 731- 6704000
Fax: +91- 731- 6704000
Email: info@infobeans.com
Website: http://www.infobeans.com

InfoBeans Technologies IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: infobeans.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

InfoBeans Technologies IPO Lead Manager(s)

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InfoBeans Technologies IPO Review / Comments

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162. Dr ravi jain  Apr 24, 2017 6:34:20 PM IST I Like It. | Report Abuse Reply
Doea zerodha provide selling of nse sme
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162.1. SamIPO  Apr 25, 2017 11:45:29 PM IST I Like It. | Report Abuse
Yes it does
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162.2. addy A  Apr 26, 2017 7:11:34 AM IST I Like It. | Report Abuse
No. Zerodha does not provide platform for selling SME ipo shares. U can also contact customer care for further confirmation.
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161. Shareking  Apr 24, 2017 6:10:47 PM IST I Like It. | Report Abuse Reply

Source: Hindu Business Line

The initial public offering of Indore-based InfoBeans Technologies was subcribed 31 times. The IPO of the company, which is raising funds through the NSE-Emerge SME platform, received bids for over 19.85 crore shares (or ₹1,100 crore) as against its offer size of 63.48 lakh shares (₹36.8 crore) on Friday, the last day of the offer.

The portion set aside for qualified institutional buyers got subscribed 1.71 times. However, non-institutional investors (widely known as high net worth individuals) subscribed over 1.90 times and retail investors over 26 times the shares set aside for them.
Priced @ ₹58/share

The ₹10-face value share was offered at an issue price of ₹58 in a market lot of 2,000 equity shares and in multiples thereof. It opened for subscription on April 18.

The proceeds of the issue will be used to fund acquisition and other strategic takeovers, technical development, investment in subsidiaries, advertising and sales promotion, general corporate purposes and issue expenses.

Sarthi Capital Advisors was the Merchant Bankers to the issue.

Promoted by Siddharth Sethi, Avinash Sethi and Mitesh Bohra, InfoBeans offers business application development for web and mobile, i.e., custom application development, content management systems, enterprise mobility and providing custom developed services to offshore clients.
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161.1. ROCKYBW  Apr 25, 2017 11:43:04 AM IST I Like It. | Report Abuse
MR SHARE KING , PL CORRECT YOUR HNI SUBSCRIPTION FIGURE
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161.2. Shareking  Apr 25, 2017 5:51:10 PM IST I Like It. 1 | Report Abuse
hindu business line ko message kar do
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160. gala  Apr 18, 2017 9:25:53 PM IST I Like It. | Report Abuse Reply
Investors this time apply in NII quota and not RII ..... Coz it will be heavily subscribed in retail and allotment will be tough rather put only 2 lots and go for NII quota
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160.10. Allan  Apr 21, 2017 9:47:26 AM IST I Like It. | Report Abuse
What is the procedure for applying in HNI...Do i just need to select 2 lots...is that it...or is there some formality to be done at bank? Kindly advise
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160.11. SONMAYA  Apr 25, 2017 4:00:18 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts)
dear gala tojo naa koro aay
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159. Ipo manager  Apr 25, 2017 1:00:11 PM IST I Like It. 1 | Report Abuse Reply
Gmp- rs.24-25
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158. Harshad Gohel  Apr 25, 2017 11:20:44 AM IST I Like It. | Report Abuse Reply
Date of Allocation? & Date of listing??
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157. anudeep Rastogi  Apr 24, 2017 9:36:10 PM IST I Like It. | Report Abuse Reply
please share your views boarders - Zota health vs CKP ?? which one is better issue to apply for??
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156. Shareking  Apr 24, 2017 6:13:20 PM IST I Like It. | Report Abuse Reply
Allotment date is 27th Apr
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155. Akash sahu  Apr 24, 2017 5:35:17 PM IST I Like It. | Report Abuse Reply
Listing date kab nikalta hai
Koi natal please
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154. maunik  Apr 24, 2017 2:45:50 PM IST I Like It. | Report Abuse Reply
please send allotment date
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154.1. bhanu prasanth  Apr 24, 2017 4:38:13 PM IST I Like It. | Report Abuse
Mostly on 27th.

For Dev Info, it was done by 4th working day after issue close.

So now also excepting after 3 working days.
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153. Mumbaigold  Apr 24, 2017 4:31:54 PM IST I Like It. | Report Abuse Reply
EAGLEYE GMP pls?
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152. Debraj Debnath  Apr 24, 2017 11:46:19 AM IST I Like It. | Report Abuse Reply
When Allotment pls???
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151. Eagleye  Apr 21, 2017 6:18:11 PM IST I Like It. 16 | Report Abuse Reply
IPO Guru IPO Guru (4100+ Posts, 8400+ Likes)
InfoBeans IPO

Last Day at 6:00PM

QIB: 1.746X (closed)
NII: 189.597X (closed)
RII: 26.363X (open)
Total: 32.952X
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151.2. MINTO  Apr 21, 2017 9:23:58 PM IST I Like It. | Report Abuse
are you apply??
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151.3. Nimesh Ariwala  Apr 24, 2017 9:37:41 AM IST I Like It. | Report Abuse
Zota Health Care Sme Apply?
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150. HeMs  Apr 23, 2017 11:18:21 PM IST I Like It. | Report Abuse Reply
What is the premium/kostak of Infobeans Tech IPO??
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149. Eagleye  Apr 22, 2017 2:01:57 PM IST I Like It. 12 | Report Abuse Reply
IPO Guru IPO Guru (4100+ Posts, 8400+ Likes)
InfoBeans IPO

GMP 22 - 24
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149.4. Little Star  Apr 23, 2017 10:51:42 AM IST I Like It. 1 | Report Abuse
How many SME ipo Applications can do for one ASBA account ???
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149.5. COMMONMAN  Apr 23, 2017 8:34:11 PM IST I Like It. | Report Abuse
Eagleye... What is Your View On Zota... Should we apply or not ? Any Guess How much one can make if applied ???
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148. Awadhesh Kumar  Apr 22, 2017 3:56:40 PM IST I Like It. | Report Abuse Reply
Infobeans ka allotment date kab hai.
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148.1. NPT  Apr 22, 2017 6:07:03 PM IST I Like It. | Report Abuse
Most likely on 2nd May.
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148.2. S Maheshwari  Apr 23, 2017 3:02:53 PM IST I Like It. 5 | Report Abuse
Allotment 27 Apr
Listing 2 May
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147. Awadhesh Kumar  Apr 22, 2017 3:49:48 PM IST I Like It. | Report Abuse Reply
Allotment date kab hai???
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146. atulipo  Apr 22, 2017 9:02:15 AM IST I Like It. | Report Abuse Reply
Which bank allows sme Ipo online application???

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146.3. CLD  Apr 22, 2017 1:17:02 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts)
Most of the banks allow SME IPOs applications online under ASBA.
Problem is in selling SME shares if alloted since most of brokers don''t deal in these shares.
So be sure that your broker assures you that he will be able to sell your allotted shares.
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146.4. NPT  Apr 22, 2017 2:25:08 PM IST I Like It. | Report Abuse
There is no problem in selling sme shares online through BoB 3-in-1 account.
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145. dark  Apr 22, 2017 12:46:18 PM IST I Like It. | Report Abuse Reply
Alotmant DT .?
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144. atulipo  Apr 22, 2017 9:02:26 AM IST I Like It. 1 | Report Abuse Reply
Which bank allows sme Ipo online application???

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144.1. Krups  Apr 22, 2017 9:54:47 AM IST I Like It. 2 | Report Abuse
ICICI Net banking
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144.2. NPT  Apr 22, 2017 10:00:11 AM IST I Like It. 1 | Report Abuse
BoB
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143. jayant Vallabhdas Tank  Apr 22, 2017 9:15:07 AM IST I Like It. | Report Abuse Reply
Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & Time      QIB      NII      RII      Total
Shares Offered / Reserved
Day 1 - Apr 18, 2017 17:00 IST      86,000      864,000      1,416,000      2,366,000
Day 2 - Apr 19, 2017 17:00 IST      1,386,000      952,000      6,182,000      8,520,000
Day 3 - Apr 20, 2017 17:00 IST      2,736,000      2,930,000      25,554,000      31,220,000
Day 4 - Apr 21, 2017 17:00 IST      4,200,000      114,896,000      79,404,000      198,500,000
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