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Intrasoft Technologies Limited IPO (Intrasoft IPO) Detail

March 23, 2010 - March 26, 2010

Intrasoft IPO is a book built issue of Rs 53.65 crores.

Intrasoft IPO bidding started from March 23, 2010 and ended on March 26, 2010. The shares got listed on BSE on April 12, 2010.

Intrasoft IPO price band is set at ₹137 to ₹145 per share. The minimum lot size for an application is 40 Shares. The minimum amount of investment required by retail investors is ₹5,800.

Anand Rathi Securities Limited and Collins Stewart Inga Private Limited are the book running lead managers of the Intrasoft IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Intrasoft IPO RHP for detailed information.

Intrasoft IPO Details

IPO Date March 23, 2010 to March 26, 2010
Listing Date April 12, 2010
Face Value ₹10 per share
Price Band ₹137 to ₹145 per share
Lot Size 40 Shares
Total Issue Size3,700,000 shares
(aggregating up to ₹53.65 Cr)
Issue Type Book Built Issue IPO
Listing At BSE

Intrasoft IPO Reservation

Intrasoft IPO offers 3,700,000 shares. 1,850,000 (50.00%) to QIB, 555,000 (15.00%) to NII, 1,295,000 (35.00%) to RII. 32,375 RIIs will receive minimum 40 shares and (sNII) and (bNII) will receive minimum 1,400 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered1,850,000 (50.00%)NA
NII (HNI) Shares Offered555,000 (15.00%)
Retail Shares Offered1,295,000 (35.00%)32,375
Total Shares Offered3,700,000 (100%)

Intrasoft IPO Lot Size

Investors can bid for a minimum of 40 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 40 ₹5,800
Retail (Max) 34 1360 ₹197,200
Lot Size Calculator

About Intrasoft Technologies Limited

Update as of 10 Sept 2017 - Intrasoft technologies Limited is now operating in E-Commerce/Online Retail. The present Industry Sector is "Internet & Catalogue Retail". Intrasoft Technologies Limited is operating through its Wholly Owned E-Commerce Subsidiary 123Stores, Inc. USA and focuses on the US Online Retail market and was ranked as the 223 among largest Internet Retailer in USA on the Internet Retailers 2017 Top 500 list and ranked #689 in Inc. 5,000 list of fastest growing private US Companies published in 2017. The Company ( 123Stores Inc.) has strategic partnerships with Amazon.com & Ebay.com and others to sell its products to their customers, similar to a shop-in-shop format.

Incorporated in 1996, Intrasoft Technologies Limited provides electronic greeting card services through website, www.123greetings.com. 123greetings is the largest electronic greeting cards website in India and 2nd largest in the world.
123greetings has range of over 20,000 electronic greeting cards designed to cater to varying geographical and religious celebrations, occasions and other events.

Company has a team consisting of 16 creative professionals who develop in-house content including artistic, photographic and musical content for its electronic greeting cards.

Company doesn't charge its users for accessing and sending electronic greetings and derive its revenues almost entirely from online advertising revenues and software development services.

Company Financials

ParticularsFor the year/period ended (Rs. in Lakhs)
31-Mar-0931-Mar-0831-Mar-0731-Mar-0631-Mar-05
Total Income2,335.152,017.861,727.681,640.951,493.60
Profit After Tax (PAT)532.82442.00327.71188.97213.48

Objects of the Issue (Intrasoft IPO Objectives)

The object of the issue are:

1. Branding and Promotion;
2. Purchasing a corporate office at Kolkata;
3. Investment in technology infrastructure;
4. General corporate purposes;
5. Issue related expenses; and
6. Achieve the benefits of listing on the Stock Exchanges.


Intrasoft IPO Subscription Status (Bidding Detail)

The Intrasoft IPO is subscribed 18.95 times on March 26, 2010 6:00:00 PM. The public issue subscribed 13.51 times in the retail category, 21.97 times in the QIB category, and 21.60 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB21.97
NII21.60
Retail13.51
Total18.95

Intrasoft Technologies Limited IPO Grading / Rating

CARE has assigned an IPO Grade 3 to Intrasoft Technologies Limited IPO. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CARE IPO Grading Document for Intrasoft Technologies Limited

Intrasoft IPO Prospectus

Intrasoft IPO Rating

274
3.7
Rating:Rated 3.7 stars
Vote Here ...

Intrasoft IPO Listing Details

Listing Date April 12, 2010
BSE Script Code 533181
NSE Symbol ISFT
ISIN INE566K01011
Final Issue Price ₹145 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹145.00
₹140.00
₹123.30
₹167.15
₹159.35

Check IPO Performance…

Intrasoft Technologies Limited Contact Details

Intrasoft Technologies Limited
Fifth Floor, No.145,
Rash Behari Avenue,
Kolkata 700 029, West Bengal, India
Phone: +91 33 2464 3306
Email: ipo@itlindia.com
Website: http://www.itlindia.com/investor-relations

Intrasoft IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: intrasoft.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Intrasoft IPO - Buy or Not

Intrasoft IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 2
Members 0 0 0

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Intrasoft IPO FAQs

Intrasoft IPO is a main-board IPO of 3,700,000 equity shares of the face value of ₹10 aggregating up to ₹53.65 Crores. The issue is priced at ₹137 to ₹145 per share. The minimum order quantity is 40 Shares.

The IPO opens on March 23, 2010, and closes on March 26, 2010.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.

The Intrasoft IPO opens on March 23, 2010 and closes on March 26, 2010.

Intrasoft IPO lot size is 40 Shares, and the minimum amount required is ₹5,800.

You can apply in Intrasoft 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 Intrasoft IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Intrasoft IPO allotment status.

The Intrasoft IPO listing date is on April 12, 2010.
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Intrasoft IPO Message Board

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427 Comments

427. newipo |   Link |  Bookmark |April 19, 2010 11:27:37 PM
424 gem ipo
i buy 1 share jp power on16/4/2010 so i will get reserve share special form and allotmnent in ipo but also want retail open quata apply please guide both form i can apply? same name? shareholder and retail ipo apply?
426. vivek bhauka |   Link |  Bookmark |April 18, 2010 12:18:35 PM
a good co remains a buy at all levels.and a bad managed co with unknown promoters ramains bad at all price levels.
425. gem ipo finder |   Link |  Bookmark |April 18, 2010 6:37:20 AM
TALWALKERS!!!!!!!!

ITS VERY VERY OVERPRICED.......
I THINK BRLM HAS CAPTURED THE PERFORMANCE OF JUBLIANT FOOD IN THIS ISSUE, ITS AVAILABLE AT A VALN WHICH JUBLIANT WILL GET AT RS. 500.........

ITS SALES FOR FY'10 = 70 CRORES, BV = 16/SH, PAT = 7 CRORES, EPS = 3
AT ISSUE PRICE OF 130 ITS PE WORKS OUT TO BE 45+ TIMES

THIS IS A GOOD CO WHICH OPERATES IN FITNESS BUSINESS, BUT TRYING TO CASH IN IN THE BULL RUN,

ITS OVERPRICED IN ALL RESPECT, ITS FY'11 EPS COULD BE 5 AND FY'12 = 8 SO PE FOR FY'11 = 25, FY'12 = 15

CONSIDERING ITS SMALL SIZE IT WILL BE OVERSUBSCRIBED HEAVILY
424. anil |   Link |  Bookmark |April 17, 2010 10:32:44 AM
now what to do with stock at 140/- .i am still holding the stock at ipo price.what is the near term target for this.i have been alotted 40 shares in this ipo.

regards
423. GEM IPO FINDER |   Link |  Bookmark |April 17, 2010 7:21:40 AM
SUMMET

IN INDIA SHARES ARE SETTLED ON T+2 BASIS, MEANS IF U BUY TODAY U WILL BE SHAREHOLDER ON AFTER 2 EXCHANGE WORKING DAYS OF BUYING.

SO FOR JP POWER U SHOULD BUY ON 20/04/2010, BECAUSE ON 21 IT WILL BE EX-BENEFIT AND U WILL NOT BE ELIGIBLE

MORE THAN THAT WHY TAKE CHANCES, U R TO BUY ONLY AT LEAST 1 SHARE TO BECOME SHAREHOLDER, THE CO HAS NOT PROVIDED WITH NO. OF SHARES TO BE BOUGHT FOR ELIGIBILITY, SO BUY 1 SHARES AT ANY PRICE ON MONDAY
422. IMRAN |   Link |  Bookmark |April 16, 2010 6:49:58 PM
Hi friends Kya haal hai sab dosto ka jese meine last kuch ipo mein invest nahi kiya wese he aap logo no bhi pakka nahi kiya hoga Dosto kuch acha aur naya aaye uski wait kar raha hu kuch to milega loss to nahi hoga bhagwan ... khuda ...Vaheguru aap jis kisi ko bhi mante ho wo aap ki aur aap ki mehnat ki kamai ki raksha kare yahi subh kamna aap sab santi se betho ache moke aayege fir se IPO market mein teji aayegi lekin intejar to karna he hoga BEST LUCK TO ALL MY FRIENDS
421. Erumai |   Link |  Bookmark |April 16, 2010 4:48:53 PM
Hi 421 Sumeet

Sorry for my this response. JP Power is a long term play. JP Power is purely a hydro electric power company, hence no depandant on Coal, a finite commodity. Considering the Power plants under operation and under development the price to raise manifold in five years. JP Infratech is a company developing the Delhi-Agra by pass and were also alotted 25000 Acres (approx) land and I remember I read an article in 2008, valuing JP Infratech more than Jp Associates. Anyhow property prices crashed then. But, JP Infra is a good company to invest in.
420. Sumeet |   Link |  Bookmark |April 16, 2010 4:33:13 PM
Hi gem ipo and shreedhar..

What are ur thoughts on JP Infratech IPO..is it a good IPO we should go for..people are talking about buying the shares of JP Power to become eligible for 10% reservation..
I just wanted to ask whether JP Infra is good enough so that we could do all this stuff of buying JP Power..
what we don't want is to first buy JP Power and then we come to know that JP Infra is not worh applying for..
Please reply sir...
419. vijay |   Link |  Bookmark |April 16, 2010 1:54:16 PM
buy kaycee ind (504084)@ 4400 - 4500 short term tgt 6500.....
418. Vijay |   Link |  Bookmark |April 16, 2010 1:53:25 PM
buy kaycee ind (504084)@ 4400 - 4500 short term tgt 6500...
417. ds |   Link |  Bookmark |April 16, 2010 10:55:53 AM
dosto aprail ipo ke liye kharab rehne wala hai so don't invest in ipo's in aprail

invest in may that will be the good time for investment

thanks happy investing
416. M. K. IPO |   Link |  Bookmark |April 15, 2010 6:33:08 PM
GOENKA DIAMOND RS 25/30 DISCOUNT ME LISTING HOGA APP SABHI KO BHAGWAN BACHAYE
415. M. K. IPO |   Link |  Bookmark |April 15, 2010 6:33:07 PM
GOENKA DIAMOND RS 25/30 DISCOUNT ME LISTING HOGA APP SABHI KO BHAGWAN BACHAYE
414. Ravi, Bangalore |   Link |  Bookmark |April 15, 2010 4:13:06 PM
399. BJ

No change in outlook. As long as it holds stop-loss level, it is bullish. Validity is 29/04/2010
413. NEW IPO X PERT |   Link |  Bookmark |April 15, 2010 11:41:01 AM
friends buy this stocks in shottime targets.....
NMDC BUY 296 TARGET---------325
SHREE GANESSH JEW BUY 165 TARGET---------210
ITNL BUY 279 TARGET---------310
PERSISTENT SYSTEM BUY 403 TARGET---------470
VASCON ENGINEERS BUY 155 TARGET---------175
PRADIP OVERSEAS BUY 95 TARGET---------127
INTRASOFT BUY 154 TARGET---------197
DQ ENTERTAINMENTS BUY 108 TARGET---------146
MAN INFAPROJECT BUY 375 TARGET---------410

friends this targets achived in short time,
so buy and make money............................
412. Promoter |   Link |  Bookmark |April 14, 2010 7:16:08 PM
Jai Ho!
Mein intjaar kar raha hoo. Friday ki 9.00 A.M. ka. Jaise hi Garhi ki sui 9.00 A.M. Par aayegi mein aap sab retail investors ko mutton ki tarah kha jaoga. Tum sab kitne he cry karna, mere par koi pharak nahi parega.
Tum sabhi phir NHPC, NTPC, NMDC, Emmbi, Shree Ganesh, Hathway, D.B. Realty, Reliance Power, Indiabulls Power, Pradip Overseas ki tarah se mare jaoge.
Thanks Govt. ki hum jaisi companies ko itni achhi tarah se retil investors and aam aadmi ko maarne ka mauka diya.
Aaap log ke paas sirf 38 hours 50 minutes aur hai. Mere ko phir bahut maja aayega tum sabhi jab cry cry karoge baki sabhi above companies ki tarah.
411. SEBI |   Link |  Bookmark |April 14, 2010 6:03:37 PM
The Securities and Exchange Board of India (SEBI) on Tuesday, 6 April 2010, proposed to reduce the time between the close of a public issue and the company's listing to 12 days from up to 22 days. The new rule will be applicable to public issues opening on or after 1 May, 2010, the stock market regulator said.
410. EMAAR |   Link |  Bookmark |April 14, 2010 6:03:00 PM
Realty player Emaar MGF Land may raise about Rs 3,500 crore through an initial public offer (IPO), reports citing its Vice-Chairman and Managing Director Shravan Gupta indicated on Thursday. Reports further suggested that the company may hit the primary market within the next 90 days depending on the market conditions.

This is Emaar MGF Land's second such attempt to raise funds after it was forced to withdraw its maiden public offer to raise Rs 7,000 crore in in February 2008 due to poor market response.

Early last month, the company received the market regulator Securities & Exchange Board of India's approval to launch its IPO. It had filed the draft red herring prospectus (DRHP) with the Sebi on 29 September 2009.

Emaar MGF Land, a joint venture between Dubai-based Emaar Properties and domestic firm MGF, currently has 36 projects under construction. While MGF holds 51% stake in the joint venture, Emaar has 44% and the rest with other investors.

The company plans to use the IPO proceeds to repay debts. It currently has debt of Rs 5,000 crore and plans to pay off Rs 2,000 crore by March 2011.


409. SJVNL |   Link |  Bookmark |April 14, 2010 6:02:02 PM
State-run hydro power generator Satluj Jal Vidyut Nigam's (SJVNL) initial public offering (IPO) to raise about Rs 1200 crore is likely to open on 29 April 2010, reports citing the company's chairman & managing director H K Sharma said. The IPO will close on 2 May 2010, reports added.

The company will reportedly file the draft red herring prospectus (DRHP) for the IPO in the forthcoming week.

The Cabinet Committee on Economic Affairs (CCEA) on 8 April 2010 approved a proposal to increase the equity stake of the Himachal Pradesh government in SJVNL by 0.5%. The state now owns 25.5% equity stake in SJVNL, while the balance is held by the Centre.

Earlier in October 2009, SJVNL had received approval from the Cabinet for 10% disinvestment of the government's stake in the company
408. Goenka |   Link |  Bookmark |April 14, 2010 6:01:22 PM
Shares of Goenka Diamond and Jewels (IPO) will be listed on the bourses on Friday, 16 April 2010. The company had priced the IPO at the lower end of the Rs 135 to Rs 145 per share price band following a muted investor response to the issue. The issue was subscribed 1.07 times.

Category-wise data showed that the qualified institutional buyers category was subscribed 0.78 times, the non-institutional investors category was subscribed 2.99 times and the retail individual investors category was subscribed 0.66 times.

Promoted by Nand Lal Goenka and his sons, Navneet Goenka and Nitin Goenka, Goenka Diamond and Jewels (GDJL) is an integrated player in business of cutting and polishing of diamonds and manufacturing and retailing of diamond jewellery.

The company supplies cut & polished diamonds primarily to wholesalers, jewellery manufacturers, traders and retailers based out of Hong Kong, South East Asia, USA, India and other countries. Diamond processing has been the main business of GDJL and the same contributed over 73% of the total sales in the year ended March 2009 (FY 2009) and 77% in 9 months ended December 2009. Exports of cut and polished diamonds contribute major portion (more than 95%) of the revenue from this segment.

The company plans to use the proceeds of the IPO to expand its retail business