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Funny Software IPO is a fixed price issue of Rs 4.59 crores.
Funny Software IPO bidding started from May 14, 2015 and ended on May 20, 2015. The shares got listed on BSE SME on June 2, 2015.
Funny Software IPO price is ₹14 per share. The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹140,000.
First Overseas Capital Limited is the book running lead manager of the Funny Software IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Funny Software IPO RHP for detailed information.
| IPO Date | May 14, 2015 to May 20, 2015 |
| Listing Date | June 2, 2015 |
| Face Value | ₹10 per share |
| Price | ₹14 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 3,280,000 shares (aggregating up to ₹4.59 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Investors can bid for a minimum of 10000 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 | 10000 | ₹140,000 |
| Retail (Max) | 1 | 10000 | ₹140,000 |
| Lot Size Calculator | |||
Incorporated in 2007, Funny Software Ltd (FSL) is engaged in the providing IT services, consulting and business solutions organization and delivering results to its valued clients. The company also operates as reseller organization by a team of dynamic professionals with marketing, sales and technical know-how spread across various industries. It predominantly caters to Delhi and nearby markets and act as IT Distribution space. Going forward, FSL plan to increase its product portfolio and also plans to penetrate in new markets.
FSL has a comprehensive portfolio of product offerings covering desktop, laptops, servers, Hard Disk Drives, Scanners, Memory Modules and Cards, USB Drives, Speakers, Optical Media, Casings, Electronic Copy boards, Clear One Audio Conferencing, Elmo Document Camera etc. Its range of products and services consists are: Data processing, Dealing in Desktops, Laptops, Servers, Storage and Software, Imaging Software, Hard Disk Drives / Portable storage Solutions, Scanners, Memory Modules and Cards, USB Drives, Speakers, Optical Media, Casings, SMPS, UPS, Webcams, Keyboards & Mice, Networking of Computers, Advisors and consultants in respect of matters relating to Computer hardware software computer aided Programmes.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 350 |
The objects of the Issue are:
1. To part-finance incremental working capital requirements;
2. To acquire certain fixed assets;
3. General corporate expenses; and
4. To meet the expenses of the Issue.
[Dilip Davda]
On performance front, the company that started its operations in mid 2012-13 earned net profit of Rs. 0.003 crore on a turnover of Rs. 0.85 crore. For fiscal 2013-14 it has marked net profit of Rs. 0.04 crore on a turnover of Rs. 3.38 crore and for first nine months ended 31.12.14 it has earned net profit of Rs. 0.04 crore on a turnover of Rs. 2.76 crore. If we annualized these earnings, then EPS for fiscal would be around Rs.0.06. And post issue its equity of Rs. 9.07 crore will jump to Rs. 12.35 crore that will translate it in to an EPS of Rs. 0.04 indicating for its issue price at a P/E of 350. This issue is highly priced one. Merchant banker has poor track record.
We have witnessed erratic movements of SME IPOs post listings despite market making that might have helped in listing gains, but later on regular trading remains a far cry. Due to this and the entry barriers, broking community at large discourages investments in SME IPOs.
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. As SME issues have entry barriers and low preference from broking community, any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.
(Email: dilip_davda@rediffmail.com)
Read detail review...
| Listing Date | June 2, 2015 |
| BSE Script Code | 539169 |
| NSE Symbol | |
| ISIN | INE105R01013 |
| Final Issue Price | ₹14 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹14.00 |
| ₹13.50 |
| ₹13.50 |
| ₹13.50 |
| ₹13.50 |
Funny Software Ltd
407, Prabhat Kiran Building,
Rajendra Place,
New Delhi � 110 008
Phone: +91 11 42283003
Email: funny_soft@yahoo.com
Website: http://www.funnysoftwarelimited.com
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: admin@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Funny Software IPO is a SME IPO of 3,280,000 equity shares of the face value of ₹10 aggregating up to ₹4.59 Crores. The issue is priced at ₹14 per share. The minimum order quantity is 10000 Shares.
The IPO opens on May 14, 2015, and closes on May 20, 2015.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Funny Software IPO opens on May 14, 2015 and closes on May 20, 2015.
Funny Software IPO lot size is 10000 Shares, and the minimum amount required is ₹140,000.
You can apply in Funny Software 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 Funny Software IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Funny Software IPO allotment status.
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
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DURAISWAMY| Link | Bookmark |August 13, 2015 10:07:39 PM