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

Feb 11, 2008 - Feb 15, 2008

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:

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 Details

IPO DateFeb 11, 2008 - Feb 15, 2008
Issue TypeBook Built Issue IPO
Issue Size3,497,495 Eq Shares of ₹10
(aggregating up to ₹139.90 Cr)
Face Value₹10 Per Equity Share
IPO Price₹400 to ₹440 Per Equity Share
Market Lot15 Shares
Min Order Quantity15 Shares
Listing AtBSE, NSE

GSS America Infotech IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum115₹6,600
Maximum30450₹198,000

GSS America Infotech IPO Subscription Status (Bidding Detail)

GSS America Infotech IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Others

Total

Shares Offered

-

-

-

-

-

-

Feb 15, 2008 17:00

1.06x

3.50x

0.20x

0.02x

1.08x

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 Date

Listing DateFriday, March 7, 2008
BSE Script Code532951
NSE SymbolGSS
Listing InB
ISININE871H01011
IPO Price₹400 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹400.00
₹400.00
₹400.00
₹508.35
₹500.65
13,982,399
NSE
₹400.00
₹380.00
₹370.00
₹540.00
₹500.80
10,625,651

GSS America Infotech IPO Reviews / Ratings

  • Business Line - Avoid
  • Smart Investments Ltd - Avoid

Company Contact Information

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: bighshare@bom7.vsnl.net.in
Website: http://www.bigshareonline.com

GSS America Infotech IPO Lead Manager(s)

GSS America Infotech IPO FAQs

  1. 1. What is GSS America Infotech IPO?

    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 price of the IPO is ₹400 to ₹440 Per Equity Share. The minimum order quantity is 15 Shares per application and the offer type is Book Built Issue.

    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.

  2. 2. When GSS America Infotech IPO will open?

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

  3. 3. How to apply for GSS America Infotech IPO?

    GSS America Infotech IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When GSS America Infotech IPO allotment?

    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.

  5. 5. When is GSS America Infotech IPO listing date?

    The GSS America Infotech IPO listing date is on Friday, March 7, 2008, at BSE, NSE.
  6. 6. What is the lot size of GSS America Infotech IPO?

    GSS America Infotech IPO lot size is 15 Shares and the minimum order quantity is 15 Shares.

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GSS America Infotech IPO Review / Comments

Rupesh bonthala
46. Rupesh bonthala  Mar 13, 2008 03:17
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



vicky
45. vicky  Mar 7, 2008 10:26
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
Pradeep
44. Pradeep  Mar 5, 2008 18:47
It touches 520 on the listing day
Pradeep
43. Pradeep  Mar 5, 2008 18:47
It touches 520 on the listing day
vijay
42. vijay  Mar 5, 2008 17:30
Buy as it will list low and go to 600 in 2 days.
ipo list
41. ipo list  Mar 2, 2008 23:14
Guys listing at 310 will slip to 200 quickly sell this stock at any price above 300
vaisakh
40. vaisakh  Mar 1, 2008 20:58
GSS America allotment is out
rh mayo
39. rh mayo  Feb 23, 2008 21:22
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
kumar
38. kumar  Feb 21, 2008 00:30
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
bharat jain
37. bharat jain  Feb 16, 2008 09:41
please dont apply in this issue after 1 year the stock will be trading at rs 10
vicky
36. vicky  Feb 15, 2008 15:02
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,
Deepak
35. Deepak  Feb 15, 2008 10:37
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
Chowdary
34. Chowdary  Feb 15, 2008 00:55
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.
InveSTAR
33. InveSTAR  Feb 14, 2008 23:07
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
Sudhakaran
32. Sudhakaran  Feb 14, 2008 22:08
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..
MONEYMAKER
31. MONEYMAKER  Feb 14, 2008 20:10
DOOOOOB JAOGE....DONT TOUCH IT......
IPOEXPERT
30. IPOEXPERT  Feb 14, 2008 01:43
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
ramdas pai
29. ramdas pai  Feb 14, 2008 00:36
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
Ankit Jain
28. Ankit Jain  Feb 13, 2008 10:03
PLEASE WAIT FOR MR TULSIAN"S EXPERT COMMENT
THEN LET'S DECIDE




Senthil
27. Senthil  Feb 13, 2008 05:36
It will also get withdrawn soon dont worry

dont apply and wait for refund.






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