Allied Digital Services Limited IPO (Allied Digital IPO) Detail

Jul 2, 2007 - Jul 5, 2007

Incorporated in 1995, Allied Digital Services Limited IT Infrastructure management and Technical Support Services outsourcing Company. ADSL deliver strategic, personalized, full-service Technical Support services solutions to its global, large and medium enterprises and service providers.

Allied Digital has its unique direct presence at 92 locations in 25 states catering to more than 450 cities countrywide through its human resource of more than 1050 personnel. Its offerings address various business verticals BFSI, Telecom, Retail, Aviation, Manufacturing, Energy, e-Governance and Hospitality to name a few. Company was awarded 'Most Comprehensive Solutions Provider' by Data Quest (DQ) this year.

Allied Digital has grown at a CAGR of 58% over the last three years. The operating income of the company for the year ended March 31, 2007, was Rs 156.03 crore and the net profit after tax was Rs 22.93 crore. The order book stands at Rs 107.81 crore as on June 12, 2007 of which Rs 54.70 crore belongs to services segment and Rs 53.11 crore to solutions segment.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
1. Setting up of a new Corporate Office;
2. Upgradation and Expansion of Existing Infrastructure;
3. Setting up of new Strategic Business Units;
4. Strategic Acquisition;
5. Financing Working Capital Requirements.

Allied Digital IPO Details

IPO Opening DateJul 2, 2007
IPO Closing DateJul 5, 2007
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹170 to ₹190 per equity share
Market Lot35 Shares
Min Order Quantity35 Shares
Listing AtBSE, NSE
Issue Size4,522,435 Eq Shares of ₹10
(aggregating up to ₹85.93 Cr)

Allied Digital IPO Lot Size

The Allied Digital IPO market lot size is 35 shares. A retail-individual investor can apply for up to 30 lots (1050 shares or ₹199,500).

ApplicationLotsSharesAmount (Cut-off)
Minimum135₹6,650
Maximum301050₹199,500

Allied Digital IPO Subscription Status (Bidding Detail)

The Allied Digital IPO is subscribed 60.87x times on Jul 5, 2007 17:00. The public issue subscribed 38.08x in the retail category, 74.04x in the QIB category, and 88.69x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
Total

60.87x

Allied Digital IPO Prospectus

Allied Digital IPO Rating

199
4.0
Rating:Rated 4.0 stars

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Allied Digital IPO Listing Date

Listing DateWednesday, July 25, 2007
BSE Script Code532875
NSE SymbolADSL
Listing InB1
ISININE102I01027
IPO Price₹190 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹190.00
₹332.50
₹309.50
₹370.50
₹331.80
8,827,215
NSE
₹190.00
₹332.50
₹308.40
₹370.50
₹330.15
11,231,528

Allied Digital IPO Reviews / Ratings

  • S P Tulsian - Subscribe
  • Business Line - Subscribe

Company Contact Information

Allied Digital Services Limited
Allied Digital Services Limited,
375, J.S.S Road, 5th Floor,
Vidyut, Mumbai 400 002, India

Phone: +91-22-2200 2020
Email: ipo@alliedindia.com
Website: http://www.alliedindia.com

Allied Digital IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: alliedipo@intimespectrum.com
Website: http://www.linkintime.co.in

Allied Digital IPO FAQs

  1. What is Allied Digital IPO?

    Allied Digital IPO is a main-board IPO of 4,522,435 equity shares of the face value of ₹10 aggregating up to ₹85.93 Crores. The issue is priced at ₹170 to ₹190 per equity share. The minimum order quantity is 35 Shares.

    The IPO opens on Jul 2, 2007, and closes on Jul 5, 2007.

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

  2. When Allied Digital IPO will open?

    The Allied Digital IPO opens on Jul 2, 2007 and closes on Jul 5, 2007.

  3. What is the lot size of Allied Digital IPO?

    Allied Digital IPO lot size is 35 Shares and the minimum order quantity is 35 Shares.

  4. How to apply for Allied Digital IPO?

    You can apply in Allied Digital 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When Allied Digital IPO allotment?

    The finalization of Basis of Allotment for Allied Digital IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Allied Digital IPO allotment status.

  6. When is Allied Digital IPO listing date?

    The Allied Digital IPO listing date is on Wednesday, July 25, 2007.

Allied Digital IPO Message Board

Ranked Members  Ranked Members

Loading...
589. Pappupb |Jan 2, 2008 12:52
any idea why allied digital is running.Should one hold or exit?
Thanks
588. sk |Aug 9, 2007 12:14
Company Name: Omnitech Infosolutions Limited
Application Details
Sole / 1st Applicant:
Cut off Price: 105
Shares applied: 900

Allotment Details
Shares Allotted: NIL
587. ashu |Aug 6, 2007 17:26
book profit in allied
586. Rans |Aug 6, 2007 16:19
it may cross Rs.350/- tomarrow
585. satish |Aug 4, 2007 17:09
adsl may cross 400/ rs with in 15 days. strong buy.
584. sree |Jul 31, 2007 15:52
Hi Company is having good fundamentals and prspects. only becz of market out look it is not in the ride i believe. Infy taking over is a mere creation. Top three IT majors going out for a buy out in Outside india.. this one is good imagination i believe..
583. strong buy |Jul 27, 2007 22:48
infosys will going to buy 49% stake in adsl in near future**(**:-rumer's only all depend on future whether it might happen or not)
strong buy:assam company,pstl,orient papar,
582. hi |Jul 27, 2007 12:31
Neha Please check with Intime Spectrum Registry Ltd and your bank. The return cheque goes back to the registrar.
581. sree |Jul 26, 2007 15:53

lot of speculation spreading that ADSL may move 400+ and 500 + in few days. but it is around 330 last three days. if Market trent is +ve we can see a uptrend soon. HDIL spurted up to 623 today..
580. bapi |Jul 26, 2007 11:19
is any one got refund throgh ecs having uti bank account?
i have not got till today.
579. strong buy |Jul 25, 2007 22:26
mkt in confused phase.adsl will move to 380 level in very near future(2week) .good for long term (year end target 550+.)positive : very few people got 35 shares as an allotment.do not short this script because very few actual seller & have reason to go up.( good technical & fundamental reason.)
578. brijesh |Jul 25, 2007 20:54
it may touch 400+ next week....
577. Lalit |Jul 25, 2007 17:54
Hi, Can any one suggest whether this share is goin to dip
further from current level or one can forsee this touching
400 level in near future. Expert advice needed.
576. gapoo |Jul 25, 2007 17:48
hai all, please be informed that i have bought 375 shares today at 335 average nidhi, pankhu, surya please take informed decidision and buy it tomarrow because i believe that the company has excellent business model with robust earnings it will certainly quote 450 orso if market condition remains positive, and if market drops to 13000 or so u will still be able to sell this share at 300 or so. therefore buy tomarrow definitely u will earn handsome money i know that pankhu and u have not received any share in allotment in allied so make up the loss by buying from market, buy by
575. sree |Jul 25, 2007 15:33
Why this share is not moving ..is it becz of Market trend? Infosys aquisition may move it on tomorrow? Any chance for it to move past 400+ this week ?
please suggest?
574. RAJ METHA |Jul 25, 2007 15:26
This share will go upto 355+ intraday, despite of market remains in red.
573. dhiman |Jul 25, 2007 13:13
Have abybody received the refund applied through HDFC Sec.
572. NAVEEN |Jul 25, 2007 11:48
Hi All,
So So listing due to market trends.
Allotte can wait, INTRA DAY , be alert.
One Surprising thing,
today morning by 5 AM, i checked Chittorgarh & found one msg for its listing price.
It was written over here 332.5
exactly same price what is opened today.
& now that msg is vanished.
Who is that chap.
I am sure he was operator only.
No high price of the day was mentioned.
" it will list at 332.5. Repeat it will list at 332.5"
it was the msg.
Whoever is he, pls be in contact to tell further listing.
Thanks in advance.
Wait till 1 PM for intra guys
571. Allied |Jul 25, 2007 11:37
Source : Money Control.com

Allied Digital may cross Rs 400 mark on listing:

After receiving good response to its initial public offer (IPO), Allied Digital Services, an IT Infrastructure Management Services provider in India, will list on the bourses with 1,72,89,740 shares on July 25, 2007. The issue price fixed at Rs 190 per share.

Analysts told Moneycontrol.com that the expected listing price for the stock will be around Rs 325-350 and advised to book profits above Rs 350.

R S Iyer of KR Choksey Securities says, "Allied Digital is expected to list above Rs 325 mark. If the market situation supports the stock, then it may go up to Rs 400-425. Above Rs 400, investors can book profits. They can also hold the stock for short term."

According to Investment Advisor, S P Tulsian, "The stock is likely to list at around Rs 340-350. Investors should book profits above Rs 350 and remained invested below Rs 320 level."

Manish Bhatt of Prabhudas Lilladher says, "Allied will list with premium of Rs 155-160. Investors should book partial profits at around Rs 350-400 and hold with the balance."

The grey market premium is at around Rs 145-150 on the stock.

The company had come out with an IPO of 45,22,435 equity shares of Rs 10 each at a price band of Rs 170-190 and subscribed 60.37 times.

The objects of the issue includes setting up a Global Service Delivery Centre in Mumbai, strategic acquisitions, upgradation and expansion of existing infrastructure, setting up new Strategic Business Units and financing working capital requirements.

Allied Digital operates in diversified segments both in Solutions viz. IT solutions, Networking and Communication solutions, Integrated solutions and Software solutions and in Services viz. IT Infrastructure Management Services, T-BPO and Remote Management Services to its customers pan India. Recently, the company had a strategic tie-up with Echelon Corporation to foray into Intelligent Building Management and Energy Management Solutions.

The sole book running lead manager to the issue is Anand Rathi Securities, Advisors to the issue is Religare Securities and Syndicate Members to the issue is ENAM Securities Pvt. Ltd. and Anand Rathi Securities and Intime Spectrum Registry is the registrar to the issue.
570. Ritesh |Jul 25, 2007 11:29
Sell or hold for day
CMP 350







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