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GSS America Infotech Ltd IPO (GSS America Infotech IPO) Detail

February 11, 2008 - February 15, 2008

GSS America Infotech IPO is a book built issue of Rs 139.90 crores.

GSS America Infotech IPO bidding started from February 11, 2008 and ended on February 15, 2008. The shares got listed on BSE, NSE on March 7, 2008.

GSS America Infotech IPO price band is set at ₹400 to ₹440 per share. The minimum lot size for an application is 15 Shares. The minimum amount of investment required by retail investors is ₹6,600.

Religare Securities Ltd is the book running lead manager of the GSS America Infotech IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to GSS America Infotech IPO RHP for detailed information.

GSS America Infotech IPO Details

IPO Date February 11, 2008 to February 15, 2008
Listing Date March 7, 2008
Face Value ₹10 per share
Price Band ₹400 to ₹440 per share
Lot Size 15 Shares
Total Issue Size3,497,495 shares
(aggregating up to ₹139.90 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

GSS America Infotech IPO Lot Size

Investors can bid for a minimum of 15 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 15 ₹6,600
Retail (Max) 30 450 ₹198,000
Lot Size Calculator

About GSS America Infotech Ltd

Incorporated in 1999, GSS America Infotech Ltd (GSS) is a leading Global IT Services company, focused on providing scalable and cost-effective IT solutions using Global Delivery Model.

Expertise in IT Consulting, Enterprise Application Integration, and IT Infrastructure Management, GSS America has established itself as a leading provider of IT services that transform company performance and operational effectiveness.

Microsoft, TIBCO, BEA are company's key technology partners. GSS Client's includes Ernst & Young, Blue Cross Blue Shield of NC, BMC Software, Kelly Services, Thomson, Aurora Healthcare, WR Grace & Co, TDS Telecom, Pepsi Co, etc. As a strategy to de-risk, the Company has diversified its portfolio of service offerings by acquiring profit making IT services companies in USA. GSS have software solutions design / development centres and marketing offices in Chicago U.S.A. and Global Delivery Centres in Hyderabad, India.

Objects of the Issue (GSS America Infotech IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Setting up of state of the art Global Delivery Centre at Hyderabad with 1000 seater capacity. This would involve construction of a building, doing its interiors, along with purchase of computers and other equipments;
2. Setting up overseas offices;
3. Meeting working capital requirement;
4. Acquisitions;
5. Meet general corporate purposes;
6. Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.


GSS America Infotech IPO Subscription Status (Bidding Detail)

The GSS America Infotech IPO is subscribed 1.08 times on February 15, 2008 5:00:00 PM. The public issue subscribed 0.20 times in the retail category, 1.06 times in the QIB category, and 3.50 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

GSS America Infotech IPO Prospectus

GSS America Infotech IPO Rating

116
2.8
Rating:Rated 2.8 stars
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GSS America Infotech IPO Listing Details

Listing Date March 7, 2008
BSE Script Code 532951
NSE Symbol GSS
ISIN INE871H01011
Final Issue Price ₹400 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹400.00
₹400.00
₹400.00
₹508.35
₹500.65
NSE
₹400.00
₹380.00
₹370.00
₹540.00
₹500.80

Check IPO Performance…

GSS America Infotech Ltd Contact Details

GSS America Infotech Ltd
Wing - 2, 3rd Floor, Block B, Cyber Gateway,
Hitech City,
Madhapur, Hyderabad - 500081, India
Phone: +91-40-4002 8700
Email: kishore.avutapalli@gssamerica.com
Website: http://www.gssamerica.com

GSS America Infotech IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: bighshare@bom7.vsnl.net.in
Website: https://ipo.bigshareonline.com/ipo_status.html

GSS America Infotech IPO - Buy or Not

GSS America Infotech IPO Recommendation Summary

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

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GSS America Infotech IPO FAQs

GSS America Infotech IPO is a main-board IPO of 3,497,495 equity shares of the face value of ₹10 aggregating up to ₹139.90 Crores. The issue is priced at ₹400 to ₹440 per share. The minimum order quantity is 15 Shares.

The IPO opens on February 11, 2008, and closes on February 15, 2008.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The GSS America Infotech IPO opens on February 11, 2008 and closes on February 15, 2008.

GSS America Infotech IPO lot size is 15 Shares, and the minimum amount required is ₹6,600.

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

The GSS America Infotech IPO listing date is on March 7, 2008.
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GSS America Infotech IPO Message Board

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46 Comments

46. Rupesh bonthala |   Link |  Bookmark |March 13, 2008 3:17:25 AM
may i know why all the statistics of all the big heads went wrong in case of GSS America infotech. on day 1 it ended at close to Rs.500 while the majors like Reliance power collapsed despite of CRISIL rating of 4 on 5



45. vicky |   Link |  Bookmark |March 7, 2008 10:26:49 AM
refer my comments earlier , the company had a sound business model, listed at 540 , i had 225 shares sold at 510 , made a cool 20k ,so this is all for the so called experts who gave really bad
comments about the stake as the saying goes ITS ALL ABOUT RISK AND FUNDAMENTALS
44. Pradeep |   Link |  Bookmark |March 5, 2008 6:47:37 PM
It touches 520 on the listing day
43. Pradeep |   Link |  Bookmark |March 5, 2008 6:47:26 PM
It touches 520 on the listing day
42. vijay |   Link |  Bookmark |March 5, 2008 5:30:53 PM
Buy as it will list low and go to 600 in 2 days.
41. ipo list |   Link |  Bookmark |March 2, 2008 11:14:24 PM
Guys listing at 310 will slip to 200 quickly sell this stock at any price above 300
40. vaisakh |   Link |  Bookmark |March 1, 2008 8:58:40 PM
GSS America allotment is out
39. rh mayo |   Link |  Bookmark |February 23, 2008 9:22:19 PM
The company is working in an industry that will show tepid growth in the future. The EAi market is slowly eviscerating because of technical evolution. name brand players like Webmethods, Seebeyond, Bea are all being absorbed by larger players because the technology itself has little value for Fortune 500 companies. GSS has 400 consultants onsite and none of you have checked how many of them are directly on projects with the clients listed. They have indirect relationships. They did not list many large multi year contracts in their documents because they really do not have that many. Essentially the company is a roll up acquiring companies and that strategy becomes a bust if the market will go south, as it is expected to in 2008. In the recession of 1990 the services market went bust and took some years to recover i.e Y2K started the boom. There is no technical breakthrough compelling companies to spend on technology similar to Y2k, so the tech spend will be limited and a blood bath will ensue. It will be difficult for all companies to stay competitive without sacrificing margins. Companies such as GSS and others are living in the glory years of the past and have limited upside in the future
38. kumar |   Link |  Bookmark |February 21, 2008 12:30:25 AM
Hi Guys GSS America has given you all guys a slapping reply by going ahead with the IPO and which got subscribed 108 % and beating up the four players in the weak market consensus .. so never believe wat you hear ..believe when you see the results
37. bharat jain |   Link |  Bookmark |February 16, 2008 9:41:30 AM
please dont apply in this issue after 1 year the stock will be trading at rs 10
36. vicky |   Link |  Bookmark |February 15, 2008 3:02:45 PM
i dont agree with most of the comments, look at the businee model of the company(more of off shore based) , if lot of the companies look at cost cutting in the us, companies like GSS will benefit as they have a very good off shore model, lets see who has the last laugh,
35. Deepak |   Link |  Bookmark |February 15, 2008 10:37:17 AM
Hi Experts,

Please let us know,

-> how is the listing price decided?
-> What is the advantage of holding shares for long times? Just to sell them @ higher amount or do we get dividend regularly?

Thanks
34. Chowdary |   Link |  Bookmark |February 15, 2008 12:55:38 AM
Why should investors go for this IPO where proven billion dollar revenue companies like Wipro and Satyam are available less than or equal to this price? Investors just think a while. Do you believe in more experianced and proven company or the one that came up recently and want to encash the Indian IPO boom?
Now there are questions being raised by many on the basis of fixing price of IPO's. Atleast investors started thinking now.
Its upto individuals to take decission whether to go for this costly IPO or buy the existing good stocks in the same sector.
33. InveSTAR |   Link |  Bookmark |February 14, 2008 11:07:08 PM
Hi

This is a Damn Expensive IPO.
Not worth even bothering about its subscriptions and listing.

Considering the volatile markets and fluctuations especially in IT sector... this is a THUMBS DOWN IPO.

One can go for Wipro or Satyam which are more credible than this one.

Regards & Good Luck
32. Sudhakaran |   Link |  Bookmark |February 14, 2008 10:08:02 PM
Dear Investors Please go through the day by day subscription where is the NON Institutional are for the 3 days ..this is a worst cum worst fraud business and they got this co fully subscribed...to fool the retail investors...be careful ...we are still not forget the RPL power listing ...don't loose your hard earned money...I lost my money in BGR purchased on the listing day and Allotment IPO by Precision pipes and brigade enterprises also reliancde power and i almost sitting in loss more than 2 lakhs..please be aware of New IPO...and the market trend is very bad..
31. MONEYMAKER |   Link |  Bookmark |February 14, 2008 8:10:56 PM
DOOOOOB JAOGE....DONT TOUCH IT......
30. IPOEXPERT |   Link |  Bookmark |February 14, 2008 1:43:03 AM
LOOK AT DHANUS AND ECELERX ALL RECENT IPOS HAVE GONE DOWN TO 1/3 THERE IPO PRICE.DONT APPLY F11 JUST WANT THIS TO GET SUBSCRIBED AND THEY WILL PUL MONEY ON LAST DAY.

INSTAED BUY INDIAN COMAPNIES WHICH WILL GIVE U PROFIT IN NEAR TERM
BUY POWER GRID, DLF,TCS,NTPC,POWER FINANCE, MUNDRAPORT,MOTILAL OSWAL
ALL THESE SOUND COMPANIES AND WILL CONTINUE TO GIVE U GOOD RETURNS IN LONG TERM
29. ramdas pai |   Link |  Bookmark |February 14, 2008 12:36:57 AM
ONLY IDIOTS WILL APPLY
THIS WILL CRASH AS EMAR AND WOCKARD HOSPITALS
DONT LOOSE HARD EARNED MONEY
INVESTORS CAN BUY STOCKS OF FUNDAMENTALLY STRONG COMPANIES FRON SECONDARY MARKET
28. Ankit Jain |   Link |  Bookmark |February 13, 2008 10:03:09 AM
PLEASE WAIT FOR MR TULSIAN"S EXPERT COMMENT
THEN LET'S DECIDE




27. Senthil |   Link |  Bookmark |February 13, 2008 5:36:05 AM
It will also get withdrawn soon dont worry

dont apply and wait for refund.