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InfoBeans Technologies Ltd IPO (InfoBeans Technologies IPO) Detail

Apr 18, 2017 - Apr 21, 2017

Incorporated in 2011, InfoBeans Technologies Ltd (ITL) is software services company which develops and maintains computer software in India and internationally. ITL’s services can be broadly categorized as storage & Virtualization, Media & Publishing and eCommerce.

Company offers automated testing services; enterprise cloud solutions to automate operations, such as IT helpdesk, asset management, enterprise service management, and virtual support workflow; UX and UI design services; and custom application development services, including application development, maintenance and support, migration, re-engineering and modernization, and quality assurance services. They also provides distributed storage systems; publishing services for web, mobile, and print, as well as format conversion services; and e-commerce solutions. In addition, the company offers hard-ware products.

In India it operates out of 2 facilities in Indore and Pune employing more than 600 people across locations. As the company has prominence in exports, it has established local presence in the North American market by way of a 100% subsidiary, which has 2 offices located in California & Georgia, USA. ITL is ServiceNow partner for implementing their software.

Company Financials

Summary of financial Information
Particulars For the year/period ended (in Rs. Million)
31-Dec-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 5,522.11 4,689.08 3,108.49 2,626.36 1,446.98 1,004.64
Total Revenue 5,068.47 6,206.02 3,535.18 3,311.47 2,190.29 1,581.70
Profit After Tax (PAT) 715.83 1,356.11 542.56 913.57 435.83 255.60

Objects of the Issue

The objects of the Issue are:

1. Acquisitions and Other Strategic Initiatives;
2. Technical Development;
3. Investment in their Subsidiaries
4. Advertising and Sales Promotion;
5. General Corporate Purposes;
6. Issue Expenses.

InfoBeans Technologies IPO Details

IPO Date Apr 18, 2017 to Apr 21, 2017
Listing Date Tuesday, May 2, 2017
Face Value ₹10 per share
Price ₹58 per share
Lot Size 2000 Shares
Issue Size6,342,000 shares of ₹10
(aggregating up to ₹36.78 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

The promoters of the company are:

1. Mr. Siddharth Sethi,
2. Mr. Avinash Sethi and
3. Mr. Mitesh Bohra

InfoBeans Technologies IPO Lot Size

The InfoBeans Technologies IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹116,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹116,000
Retail (Max) 1 2000 ₹116,000

InfoBeans Technologies IPO Review

Cash surplus Investors may consider investment for long term as issue appears to have been fully priced. Read detail review...


InfoBeans Technologies IPO Subscription Status (Bidding Detail)

The InfoBeans Technologies IPO is subscribed times on Apr 21, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

InfoBeans Technologies IPO Prospectus

InfoBeans Technologies IPO Rating

226
3.8
Rating:Rated 3.8 stars
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InfoBeans Technologies IPO Listing Date

Listing Date Tuesday, May 2, 2017
BSE Script Code
NSE Symbol INFOBEAN
Listing In
ISIN INE344S01016
IPO Price ₹58 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
₹58.00
₹69.60
₹69.60
₹69.60
₹69.60

Company Contact Information

InfoBeans Technologies Ltd
601-602,
Rafael Tower 8/2,
Old Palasia Indore – 452001
Phone: +91- 731- 6704000
Email: info@infobeans.com
Website: http://www.infobeans.com

InfoBeans Technologies IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: infobeans.ipo@linkintime.co.in
Website: https://linkintime.co.in/

InfoBeans Technologies IPO Review

InfoBeans Technologies IPO Recommendation Summary

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InfoBeans Technologies IPO FAQs

InfoBeans Technologies IPO is a SME IPO of 6,342,000 equity shares of the face value of ₹10 aggregating up to ₹36.78 Crores. The issue is priced at ₹58 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Apr 18, 2017, and closes on Apr 21, 2017.

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

The InfoBeans Technologies IPO opens on Apr 18, 2017 and closes on Apr 21, 2017.

InfoBeans Technologies IPO lot size is 2000 Shares and the minimum order quantity is .

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

The InfoBeans Technologies IPO listing date is on Tuesday, May 2, 2017.
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InfoBeans Technologies IPO Message Board

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388 Comments

215. A C PATEL |   Link |May 27, 2017 5:34:37 PM
Prabhakaranji please share your view about infobeans results f.y. 2016-17
214. A C PATEL |   Link |May 27, 2017 12:31:09 PM
Please review results published on nse sme I m new to this site
213. Mr.Manglani |   Link |May 9, 2017 3:58:34 PM
Sir ab kaya ho GA ?
212. Prabhakaran Kuppusamy |   Link |May 9, 2017 11:39:31 AM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
I''m not an expert like gala-ji or IPOANALYSIS or Eagleye-ma''am;
I''m just a 26 year old beginner working as data-analyst for Europe based investment banker (mostly identifying trade frauds and manipulation) and an author of two technical books for UK based publisher (Packt).
Based on my own software tools and indicators, I decide.what to do.
NOM and Cheers.
212.1. Prabhakaran Kuppusamy |   Link |May 9, 2017 11:41:12 AM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Sorry. wrong window.
211. kmsbks |   Link |May 5, 2017 11:47:16 PM
What to do with infobeans? Should i hold or sell. Near future whether it will go up?Can anyone guide properly?
210. Vimaldangi |   Link |May 5, 2017 11:10:41 AM
People here are more knowledgeable than me... Kindly advise on infobeans ipo. Will it go up or not
210.1. jkmittal |   Link |May 5, 2017 4:56:24 PM
Sooner or later
It will bounce back.
Crisil rating 4.
Subscribed heavily.
210.2. jkmittal |   Link |May 17, 2017 2:03:50 PM
Bounced back
209. AKMP |   Link |May 5, 2017 11:03:17 AM
check the history of SME IPO
Large sme ipo > 5 to 10 crores never gives you high returns
209.1. AKMP |   Link |May 5, 2017 11:04:28 AM
ZOTA WILL DISAPPOINT BIG TIME
209.2. Allan |   Link |May 5, 2017 11:23:27 AM
Top Contributor Top Contributor (200+ Posts)
cant be generalised, Airan, Eurofresh, Panache and even creative were > 10 Cr and did decently well....Listing gains were there ..it boils down to ur exit timing. ....Again we are used to 2 to 3 circuits for these IPOs that get oversubscribed more than 10 times which didnt happen in this case of Infobeans
208. AKMP |   Link |May 5, 2017 11:01:07 AM
IT MAY GO TO AROUND 52 TO 55 LEVELS
207. Allan |   Link |May 4, 2017 11:27:12 AM
Top Contributor Top Contributor (200+ Posts)
The 2nd day performance yesterday was a disappointment, i was expecting it to be in circuit as many experts here had predicted a 20rs premium, but it didnt live to that, with the kind of subscription interest shown this has been a disappointment and i am holding this hoping it touches some thing in the 80s.....Members please comment if this is a good idea.
207.1. AKMP |   Link |May 4, 2017 3:56:27 PM
PLEASE SEE MESSAGE 203
207.2. Allan |   Link |May 4, 2017 4:38:46 PM
Top Contributor Top Contributor (200+ Posts)
What levels do u reckon this will fall to....
206. KMB |   Link |May 3, 2017 9:52:30 PM
I am holding allotment of infobeans technologies .what to do ,sell/hold
206.1. Kn |   Link |May 3, 2017 10:14:09 PM
SchAnd allotment please. Allotment ratio
205. deepak bafna |   Link |May 3, 2017 1:51:54 PM
Closing price ? Today
204. Komall |   Link |May 3, 2017 11:49:22 AM
It will be closed on a positive note..
The fearful people have sold it, now it will go into positive zone and in few sessions should reach to 98 level.
203. AKMP |   Link |May 3, 2017 10:51:52 AM
GREEDY PEOPLE WILL SUFFER
NOT EVEN HALF THE ISSUE HAS BEEN SOLD
FURTHER SELLING PRESSURE LIKELY
202. NEMICHAND BOTHRA |   Link |May 3, 2017 9:47:01 AM
Infobeam today''s target
202.1. pavan sharma |   Link |May 3, 2017 9:52:01 AM
Again 20% Upper circut expected. Soon it is expected to be in 3 DIGITS
201. pritig |   Link |May 2, 2017 10:22:31 AM
20 % Upper
200. Rahule |   Link |May 1, 2017 5:08:15 PM
Focus sme at 135 issue price is 45 buyer pack
199. shah ashish |   Link |May 1, 2017 12:23:01 AM

What to do with infobean shares on listing, please advise.Listing in tuesday
199.1. Wertydj |   Link |May 1, 2017 11:17:47 AM
I have confirmed, it will be 20% up on first and second trading day at least.
198. deepak bafna |   Link |Apr 30, 2017 11:52:59 PM
Any guess for listing price....1 St day..& on 3-5 days after
197. basandani''''s |   Link |Apr 30, 2017 10:57:08 AM
i want to sell my allotted application of info beans tell me the price
197.1. KAUSHIK SHAH |   Link |Apr 30, 2017 3:17:19 PM
I also want to sell @Rs25 premium. As FII have shown interest in IPO, it may cross Rs 100 within 6 months
196. deepz |   Link |Apr 30, 2017 2:12:25 PM
infobeans gmp today