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.
The promoters of the company are:
1. Mr. Siddharth Sethi,
2. Mr. Avinash Sethi and
3. Mr. Mitesh Bohra
|Particulars||For the year/period ended (in Rs. Million)|
|Profit After Tax (PAT)||715.83||1,356.11||542.56||913.57||435.83||255.60|
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 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
|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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