Bookbuilding FPO | ₹45 Cr | Listing at BSE | Mon, Aug 27, 2007 - Fri, Aug 31, 2007
IT People FPO is a book build issue of ₹45.25 crores. The issue is entirely a fresh issue of 1.41 crore shares of ₹45.25 crore.
IT People FPO bidding started from Aug 27, 2007 and ended on Aug 31, 2007.
IT People FPO is set issue price band at ₹30 to ₹32 per share. The lot size for an application is 200 shares. The minimum amount of investment required by an individual investor (retail) is ₹6,400 (200 shares) (based on upper price). The lot size investment for sNII is 32 lots (6,400 shares), amounting to ₹2,04,800, and for bNII, it is 157 lots (31,400 shares), amounting to ₹10,04,800.
Khandwala Securities Ltd. is the book running lead manager and Mondkar Computers Pvt.Ltd. is the registrar of the issue.
Refer to IT People FPO RHP for detailed Information.
FPO Open
Mon, Aug 27, 2007
FPO Close
Fri, Aug 31, 2007
Price Band
₹30 to ₹32
Market Cap (Pre-IPO)
To be declared
| IPO Date | 27 to 31 Aug, 2007 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹30 to ₹32 |
| Lot Size | 200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE |
| Total Issue Size | 1,41,40,625 shares (agg. up to ₹45 Cr) |
| Fresh Issue | 1,41,40,625 shares (agg. up to ₹45 Cr) |
| Share Holding Pre Issue | 5,32,77,500 shares |
| Share Holding Post Issue | 6,74,18,125 shares |
Investors can bid for a minimum of 200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹6,400 |
| Retail (Max) | 31 | 6,200 | ₹1,98,400 |
| S-HNI (Min) | 32 | 6,400 | ₹2,04,800 |
| S-HNI (Max) | 156 | 31,200 | ₹9,98,400 |
| B-HNI (Min) | 157 | 31,400 | ₹10,04,800 |
Incorporated in January 2000, IT People (India) Ltd is in the business of eRecruitment, Consulting and Outsourcing for IT industry in India. IT People (India) Ltd is a publicly listed company in BSE (Bombay Stock Exchange).
The e-Recruitment Portal of the company provides platform for employers, placement consultants, jobseekers and research companies in the IT Industry to post, search, advertise, and use researched information pertaining to their areas of interest.
IT People consulting business helps its clients in understanding the vital link between business processes, technologies and resource requirements.
IT People Ltd. has been appointed as Partners for India for promoting and marketing Dubai Outsource Zone (DOZ) and helping clients to set up their outsourcing base in DOZ. IT People (India) Ltd are also the “Preferred Business Partner” globally for providing recruitment and human resource consultancy services, facility management services, and build, operate and transfer services.
| Company | Issue Type | Issue Size | Listing Day Close | Listing Gain/Loss % |
|---|---|---|---|---|
| Allied Digital Services Ltd. | Mainboard | ₹85.93 Cr | ₹330.15 | +73.76% |
| Accel Frontline Ltd. | Mainboard | ₹42.27 Cr | ₹70.50 | -6.00% |
| HOV Services Ltd. | Mainboard | ₹81.00 Cr | ₹180.30 | -9.85% |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Technology Infrastructure & Product Enhancement | 7.65 |
| 2 | Marketing and Business Expansion | 18.00 |
| 3 | Buying/Leasing of Office Premises | 5.60 |
| 4 | Long Term Working Capital | 10.00 |
| 5 | Meet the expenses of the Issue | 4.00 |
The IT People FPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | - | - | - | |
August, 30 2007: Khandwala Securities Ltd & Religare Securities Ltd (Book Running Lead Managers (BRLM's)) for the Further Public Issue of the Company, have informed BSE that the Company has decided not to proceed with the issue, in terms of para 2 appearing on page no 112 of the Red Herring Prospectus.
The application money received from the applicants will be refunded in terms of the Red Herring Prospectus.
The Company has decided with the consent of the Board, not to follow through it’s current FPO, as certain key strategic investors have proposed for providing of long term equity participation in the Company. This would substantially complement and strengthen the company’s long term plans and strategies.
The Company received a favorable response from the QIB & HNI participants in the FPO but due to a lack of response to desired levels from the retail investors (inspite of the issue been completely underwritten by the BRLM’s) the Company has decided to withdraw the issue. The Company will take the opportunity of moving ahead with the interest shown by strategic investors.
Lead Manager Reports
IT People FPO is a main-board FPO of 1,41,40,625 equity shares of the face value of ₹2 aggregating up to ₹45 Crores. The issue is priced at ₹30 to ₹32. The minimum order quantity is 200.
The FPO opens on Mon, Aug 27, 2007, and closes on Fri, Aug 31, 2007.
Mondkar Computers Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in IT People FPO using UPI as a payment gateway. Zerodha customers can apply in IT People FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in IT People FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The IT People FPO opens on Mon, Aug 27, 2007 and closes on Fri, Aug 31, 2007.
IT People FPO lot size is 200, and the minimum amount required for application is ₹6,400.
You can apply in IT People FPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for IT People FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the IT People FPO allotment status.
The IT People FPO listing date is not yet announced. The tentative date of listing is .
