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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.
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.
| IPO Opening Date | Feb 11, 2008 |
| IPO Closing Date | Feb 15, 2008 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹400 to ₹440 per equity share |
| Market Lot | 15 Shares |
| Min Order Quantity | 15 Shares |
| Listing At | BSE, NSE |
| Issue Size | 3,497,495 Eq Shares of ₹10 (aggregating up to ₹139.90 Cr) |
The GSS America Infotech IPO market lot size is 15 shares. A retail-individual investor can apply for up to 30 lots (450 shares or ₹198,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 15 | ₹6,600 |
| Maximum | 30 | 450 | ₹198,000 |
The GSS America Infotech IPO is subscribed 1.08 times on Feb 15, 2008 17:00. The public issue subscribed 0.20 in the retail category, 1.06 in the QIB category, and 3.50 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Friday, March 7, 2008 |
| BSE Script Code | 532951 |
| NSE Symbol | GSS |
| Listing In | B Group of Securities |
| ISIN | INE871H01011 |
| IPO Price | ₹400 per equity share |
| Face Value | ₹10 per equity share |
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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
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: bighshare@bom7.vsnl.net.in
Website: http://www.bigshareonline.com
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 equity share. The minimum order quantity is 15 Shares.
The IPO opens on Feb 11, 2008, and closes on Feb 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 Feb 11, 2008 and closes on Feb 15, 2008.
GSS America Infotech IPO lot size is 15 Shares and the minimum order quantity is 15 Shares.
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, Edelweiss, 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.
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