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IT People (India) Limited FPO (IT People FPO) Detail

August 27, 2007 - August 31, 2007

IT People FPO is a book built issue of Rs 45.25 crores.

IT People FPO bidding started from August 27, 2007 and ended on August 31, 2007.

IT People FPO price band is set at ₹30 to ₹32 per share. The minimum lot size for an application is 200 Shares. The minimum amount of investment required by retail investors is ₹6,400.

Khandwala Securities Limited and Religare Securities Ltd are the book running lead managers of the IT People FPO, while Mondkar Computers Private Limited is the registrar for the issue.

Refer to IT People FPO RHP for detailed information.

IT People FPO Details

IPO Date August 27, 2007 to August 31, 2007
Listing Date [.]
Face Value ₹2 per share
Price Band ₹30 to ₹32 per share
Lot Size 200 Shares
Total Issue Size[.] shares
(aggregating up to ₹45.25 Cr)
Issue Type Book Built Issue FPO
Listing At BSE

IT People FPO Lot Size

Investors can bid for a minimum of 200 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) 1 200 ₹6,400
Retail (Max) 31 6200 ₹198,400
Lot Size Calculator

About IT People (India) Limited

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.

Objects of the Issue (IT People FPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
1. Investment in Technology Infrastructure & Product Enhancement;
2. Marketing and Business Expansion;
3. Buying/Leasing of Office Premises;
4. Long Term Working Capital.


IT People FPO Subscription Status (Bidding Detail)

The IT People FPO is subscribed 0.30 times on August 30, 2007 5:00:00 PM. The public issue subscribed 0.05 times in the retail category, 0.47 times in the QIB category, and 0.02 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

IPO Notices

External Link

IT People (India) Limited FPO Suspended

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.

IT People FPO Prospectus

IT People FPO Rating

59
3.3
Rating:Rated 3.3 stars
Vote Here ...

IT People (India) Limited Contact Details

IT People (India) Limited
IT-People House, A. K. Industrial Estate,
Veer Savarkar Flyover, S.V.Road,
Goregaon (West), Mumbai 400 062, India
Phone: +91 22 2878 6600
Email: crbhagwat@it-people.com
Website: http://itpeopleltd.in

IT People FPO Registrar

Mondkar Computers Private Limited

Phone: 022 - 2836 6620 / 2825 7641
Email: itpil.fpo@tsrdarashaw.com
Website: https://www.unisec.in/

IT People FPO - Buy or Not

IT People FPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 1
Members 0 0 0

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IT People FPO FAQs

IT People FPO is a main-board FPO of [.] equity shares of the face value of ₹2 aggregating up to ₹45.25 Crores. The issue is priced at ₹30 to ₹32 per share. The minimum order quantity is 200 Shares.

The FPO opens on August 27, 2007, and closes on August 31, 2007.

Mondkar Computers Private Limited is the registrar for the FPO. The shares are proposed to be listed on BSE.

The IT People FPO opens on August 27, 2007 and closes on August 31, 2007.

IT People FPO lot size is 200 Shares, and the minimum amount required is ₹6,400.

You can apply in IT People FPO 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 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 IT People FPO listing is [.].
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IT People FPO Message Board

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23 Comments

23. vinay |   Link |  Bookmark |August 31, 2007 10:18:28 PM
haha.good work by retailers.we need to teach all these overpriced buffons a lesson.purvankara learnt and now IT.
hope in future all these robbers price their IPO at a decent price
22. Vikram |   Link |  Bookmark |August 31, 2007 10:13:56 AM
IT People retracts FPO on poor response (my iris report)

The book running lead managers of follow on public offer (FPO) of IT People (India) announced today that IT People (India) decided not to proceed with the issue, and the application money received from the applicants will be refunded.

The company decided not to follow through its 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 favourable response from the QIB & HNI participants in the FPO but due to a lack of response to desired levels from the retail investors (despite the issue been completely underwritten by the BRLMs), the company has decided to withdraw the issue. The company will take the opportunity of moving ahead with the interest shown by strategic investors.

Shares of the company declined Rs 2.3, or 6.27% to settle at Rs 34.4. The total volume of shares traded was 279,737 at the BSE. (Thursday)
21. retalier |   Link |  Bookmark |August 31, 2007 8:03:38 AM
Good response retailers!!!!!
20. Biju |   Link |  Bookmark |August 30, 2007 1:33:26 PM
Can anyone guide me on this FPO..? Is it worth investing even for short term..? Have heard about their expansion plans..sounds good.
19. raj |   Link |  Bookmark |August 28, 2007 2:23:11 PM
I am not able to see this IPO in mi ICICI Direct account..Please help me...
18. Hiren |   Link |  Bookmark |August 28, 2007 9:15:35 AM
please avoid this issue. QIBs is 0 on first day.
17. ram |   Link |  Bookmark |August 27, 2007 2:33:30 PM
pl dont apply this fpo it is not goot resultwise
16. ashwin jain |   Link |  Bookmark |August 25, 2007 1:48:16 PM
could any 1 tell me for which ipo i shd go for good returns on the day of listing?
15. ashwin |   Link |  Bookmark |August 25, 2007 1:46:51 PM
plz go for this fpo....will giv u good returns
14. nandit |   Link |  Bookmark |August 24, 2007 10:33:46 PM
IT people fixed FPO price Rs30-32
13. vipul vyas |   Link |  Bookmark |August 23, 2007 6:57:29 PM
it people having bright future & i think u can get the highest return then u invest in
12. falgun patel |   Link |  Bookmark |August 23, 2007 6:55:32 PM
u must applied for it people so u can get the double return for ur investment
11. ARPIT THAKKAR |   Link |  Bookmark |August 23, 2007 6:52:30 PM
must fulfill it people having so many comapanies which is top of market so as many as possible application u can applied for
10. raksha |   Link |  Bookmark |August 23, 2007 3:26:55 PM
in this week, so many ipo's came ,so that i want to know which ipo is best. can u tell me. i am waiting your answer as soon as possible.
9. raj |   Link |  Bookmark |August 22, 2007 5:12:50 PM
Avoid this FPO, it's result may be worst than that of ICICI
8. manchana |   Link |  Bookmark |August 21, 2007 10:03:42 PM
Stay away.... 52 week low Rs.8 on 22 Aug 06 and 52 week high Rs.41.35 on 14 Aug 07. This high can only be "a manipulated" value to fool the investors by keeping an inflated issue price.

DONT apply........
7. Mac |   Link |  Bookmark |August 20, 2007 4:59:06 PM
The top bank ICICI bank FPO robbed us. What can u expect from this unknown company?
6. subhash modi |   Link |  Bookmark |August 19, 2007 12:13:02 AM
sebi and other financial control institutes failed to protect investor's money.only , only and only investor can do something to stop the primary market loot (heavy premium) by avoiding to subscribe these types of issues.
5. karmyogi |   Link |  Bookmark |August 18, 2007 9:36:10 AM
This is company making profit double from last three years, in march it makes loss of 13.65 Mn Rs. but from year ending March 2005 it makes profit 2.41, March 2006 5.2 and march 2007 30.8, I think it is progress making company, it is not bed. but it can decided after the issue price, which is yet not decided.
4. amit |   Link |  Bookmark |August 17, 2007 3:25:29 PM
how these buffons to come out with a FPO in these volatile times.anyone knows this company?