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Thinksoft IPO is a book built issue of Rs 45.58 crores.
Thinksoft IPO bidding started from September 22, 2009 and ended on October 1, 2009. The shares got listed on BSE, NSE on October 26, 2009.
Thinksoft IPO price band is set at ₹115 to ₹125 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹6,250.
Chartered Capital And Investment Limited and Karvy Investor Services Limited are the book running lead managers of the Thinksoft IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Thinksoft IPO RHP for detailed information.
IPO Date | September 22, 2009 to October 1, 2009 |
Listing Date | October 26, 2009 |
Face Value | ₹10 per share |
Price Band | ₹115 to ₹125 per share |
Lot Size | 50 Shares |
Total Issue Size | 3,646,000 shares (aggregating up to ₹45.58 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Thinksoft IPO offers 3,646,000 shares. 1,823,000 (50.00%) to QIB, 546,900 (15.00%) to NII, 1,276,100 (35.00%) to RII. 25,522 RIIs will receive minimum 50 shares and (sNII) and (bNII) will receive minimum 1,650 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 1,823,000 (50.00%) | NA |
NII (HNI) Shares Offered | 546,900 (15.00%) | |
Retail Shares Offered | 1,276,100 (35.00%) | 25,522 |
Total Shares Offered | 3,646,000 (100%) |
Investors can bid for a minimum of 50 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 | 50 | ₹6,250 |
Retail (Max) | 32 | 1600 | ₹200,000 |
Lot Size Calculator |
Thinksoft Global Services Limited was incorporated on June 8, 1998 as Relliant Global Services (India) Private Limited in Bangalore, Karnataka.
Thinksoft is a Banking, Financial Services and Insurance (BFSI) focused software testing enterprise. Thinksoft operates as a specialist and niche player in the financial and insurance software testing space. Company's service in the area of testing and business requirements assurance includes functional testing, performance testing, test automation and Requirements Documentation services.
Thinksoft was among 'Deloitte Tech Fast 50 India' and 'Deloitte Tech Fast 500 Asia Pacific' in the years 2006 and 2007 and 'Deloitte Tech Fast 500 Asia Pacific' in the year 2008.
The Company presently has its off shore facilities at Chennai with a capacity of around 360 seats. The Company is proposing to expand it's off shore facilities by adding additional capacity of another 400 seats. Thinksoft has established a global presence in New York, London, Frankfurt, Singapore, Hong Kong, Brussels, Sydney, Bangalore and Chennai. All its clients operate in the banking, financial services and insurance sector.
Particulars | For the year/period ended (Rs. in lacs) | |||||
30-Sep-08 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | 31-Mar-04 | |
Total Income | 4,734.17 | 6,997.38 | 5,300.22 | 3,463.61 | 1,794.69 | 1,151.45 |
Profit After Tax (PAT) | 718.39 | 934.07 | 807.55 | 368.35 | 70.98 | (49.67) |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
1. To establish new testing center;
2. To meet issue expenses;
3. To get the shares listed on Stock Exchanges.
The Thinksoft IPO is subscribed 2.57 times on October 1, 2009 5:00:00 PM. The public issue subscribed 4.31 times in the retail category, 0.31 times in the QIB category, and 6.05 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 0.31 |
NII | 6.05 |
Retail | 4.31 |
Total | 2.57 |
ICRA has assigned an IPO Grade 2 to Thinksoft Global Services Ltd IPO. This means as per ICRA, company has Below average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Link to download Care rating document.
Book Running Lead Manager to the issue has informed the Exchange that the Book Building issue of Thinksoft Global Services Ltd will close on OCT 01, 2009 instead of the earlier closing day on Sep 24, 2009 Further price band has revised from Rs 120 /- to Rs 130 /- per share to Rs 115 /- to Rs 125 /- per share.
Listing Date | October 26, 2009 |
BSE Script Code | 533121 |
NSE Symbol | EXPLEOSOL |
ISIN | INE201K01015 |
Final Issue Price | ₹125 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹125.00 |
₹100.00 |
₹100.00 |
₹170.00 |
₹164.30 |
NSE |
---|
₹125.00 |
₹126.00 |
₹126.00 |
₹169.80 |
₹164.40 |
Thinksoft Global Services Ltd
Type II, Unit-5, Dr. Vikram Sarabhai,
Instronics Estate, Thiruvanmiyur,
Chennai - 600041, Tamil Nadu, India
Phone: 91-44-43923200
Email: ipo@thinksoftglobal.com
Website: http://www.thinksoftglobal.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Thinksoft IPO is a main-board IPO of 3,646,000 equity shares of the face value of ₹10 aggregating up to ₹45.58 Crores. The issue is priced at ₹115 to ₹125 per share. The minimum order quantity is 50 Shares.
The IPO opens on September 22, 2009, and closes on October 1, 2009.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Thinksoft IPO opens on September 22, 2009 and closes on October 1, 2009.
Thinksoft IPO lot size is 50 Shares, and the minimum amount required is ₹6,250.
You can apply in Thinksoft 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 Thinksoft IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Thinksoft IPO allotment status.
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