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MindTree Consulting Limited IPO (MindTree IPO) Detail

February 9, 2007 - February 14, 2007

MindTree IPO is a book built issue of Rs 237.72 crores.

MindTree IPO bidding started from February 9, 2007 and ended on February 14, 2007. The shares got listed on BSE, NSE on March 7, 2007.

MindTree IPO price band is set at ₹365 to ₹425 per share. The minimum lot size for an application is 15 Shares. The minimum amount of investment required by retail investors is ₹6,375.

J.P. Morgan India Private Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the MindTree IPO, while Mondkar Computers Private Limited is the registrar for the issue.

Refer to MindTree IPO RHP for detailed information.

MindTree IPO Details

IPO Date February 9, 2007 to February 14, 2007
Listing Date March 7, 2007
Face Value ₹10 per share
Price Band ₹365 to ₹425 per share
Lot Size 15 Shares
Total Issue Size5,593,300 shares
(aggregating up to ₹237.72 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue31,695,237
Share holding post issue37,288,537

MindTree 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 ₹6,375
Retail (Max) 31 465 ₹197,625
Lot Size Calculator

MindTree IPO Promoter Holding

Share Holding Pre Issue 42.23%
Share Holding Post Issue 35.9%

About MindTree Consulting Limited

MindTree Consulting is an international IT company that delivers business and technology solutions through global software development. Co-headquartered in Somerset, New Jersey and Bangalore, India, the company's seasoned management team and employees skilled in technology, business analysis and project management approach technology initiatives in a business context.

Organization Structure:
MindTree has two business lines � Information Technology Services ("IT Services") and Research and Development Services ("R&D Services"):
IT Services comprise IT strategic consulting, application development, data warehousing and business intelligence, application maintenance, package implementation and application product engineering services;
R&D Services are organised into two divisions � Engineering, which provides product realisation services to technology and product firms including product architecture and product design, product re-engineering and product assurance; and Research, which conceives and develops intellectual property primarily in the short range wireless communication segment and licenses and customises such intellectual property.

MindTree's top customers included three Fortune 10 companies and six additional Fortune 100 companies, such as American International Group and United Technologies Corporation.

Financial brief:
MindTree has achieved substantial growth in revenues in recent years. MindTree's revenues grew at a compound annual growth rate of 46.9% from Rs. 656.0 million in Fiscal 2001 to Rs. 4,488.0 million (approximately US$101.6 million) in Fiscal 2006.
MindTree's net profit grew at a compound annual growth rate of 360.2% from Rs. 25.6 million in Fiscal 2004 to Rs. 542.1 million (approximately US$ 12.3 million) in Fiscal 2006.
MindTree's people strength increased from 442 as of March 31, 2001 to 3,128 as of March 31, 2006.

Key Performance Indicator

Objects of the Issue (MindTree IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital for
1. Fund a new development centre in Chennai;
2. Prepay certain loans.

MindTree IPO Subscription Status (Bidding Detail)

The MindTree IPO is subscribed 103.28 times on February 14, 2007 5:00:00 PM. The public issue subscribed 30.06 times in the retail category, 156.98 times in the QIB category, and 134.96 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

MindTree IPO Prospectus

MindTree IPO Rating

Rating:Rated 3.9 stars
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MindTree IPO Listing Details

Listing Date March 7, 2007
BSE Script Code 532819
ISIN INE018I01017
Final Issue Price ₹425 per share

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

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

MindTree Consulting Limited Contact Details

MindTree Consulting Limited
MindTree Consulting Limited,
MindTree House, No. 3, Block A, No. 42, 27th Cross
Banashankari 2nd Stage, Bangalore 560 070, India
Phone: (91 80) 2671 1777

MindTree IPO Registrar

Mondkar Computers Private Limited

Phone: 022 - 2836 6620 / 2825 7641

MindTree IPO - Buy or Not

MindTree IPO Recommendation Summary

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Members 0 0 0

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MindTree IPO FAQs

MindTree IPO is a main-board IPO of 5,593,300 equity shares of the face value of ₹10 aggregating up to ₹237.72 Crores. The issue is priced at ₹365 to ₹425 per share. The minimum order quantity is 15 Shares.

The IPO opens on February 9, 2007, and closes on February 14, 2007.

Mondkar Computers Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The MindTree IPO opens on February 9, 2007 and closes on February 14, 2007.

MindTree IPO lot size is 15 Shares, and the minimum amount required is ₹6,375.

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

The MindTree IPO listing date is on March 7, 2007.
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MindTree IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



443. VARUN |   Link |  Bookmark |December 7, 2007 10:21:24 AM
442. Hiren Chauhan |   Link |  Bookmark |August 20, 2007 5:48:36 PM
I had applied for 200 shares Omaxe Limited and i had been alloted 20 shares. But I have still not received the refund back for the rest of the amount.
My details:
Transaction id: 3714634
Application No: 13657047

Please get to despatch the refund at the earliest.
441. Shreenivas |   Link |  Bookmark |July 30, 2007 11:15:53 AM
I brought Mindtree @ 895/-. But now it is going down and down. Can any one please suggest me whether i have to keep it for long term or should i sell it right now?

Thank you
440. Siddharth Raveendran |   Link |  Bookmark |June 7, 2007 6:40:15 PM
when will meghmani organics be listed? whom to contact for the information? how do i contact the registrar of meghmani organics?
439. Anil Ramchandani |   Link |  Bookmark |May 29, 2007 3:38:25 PM
I applied for 105 shares of Mindtree Consulting Limited through IPO. I was not allotted any shares for this but I have not received the refund back to my account. My transaction & other details are as below

Transaction ID: 3182176

Application No: 13333438

Company Name: Mindtree Consulting Limited

No of shares applied: 105@ 425

Refund Amount: Rs 44625

Demat Account No: IN302679-33216670-8500579226

Bank Account No: 005101014474.
Please get to despatch the refund order at following address:

402-Ramanrati Apartments

Near Milan Hotel

Saru section road


Anil Ramchandani

438. Arun |   Link |  Bookmark |May 23, 2007 4:36:20 PM
Good news!!

I got the refund on monday. Those who are all not received refund please call on the numbers during the business hours 10.30 AM to 1.00 PM & 1.30 PM to 5.30 PM
Mobile nos. 9819404948, 9819405997, 9819405641, 9819405335, 9819404961, 9819405579, 9819404903, 9819404810, 9819404768
437. KUNAL PARIKH |   Link |  Bookmark |April 23, 2007 11:04:13 AM
Listen all people who have not received their Mindtree IPO refund back till day...
If you speak to Mondkar Computers over the phone they people reply in a very rough and vulgar language while you are asking for your refund.
Please email to these people, they will listen to you
<>, <>, <>, <>, <>,investors <>, bhaskar_v <>, bhaskarv <>,
436. Meena Agrawal |   Link |  Bookmark |April 5, 2007 8:08:30 PM
Can anybody help me i didnot rcv.refund order till the date,& Modarkar not replying from last 15 days.Pls help me. Details are-:

1. Name 1 st Holder Meena Agrawal ( 1st holder)
2. Name 2 nd Holder C.k.agrawal (2nd Holder)
3. Appli.No.- 14831525
4. Bank Serial No. 88657
5. Bank Name Standard charterd Bank,Indore
6. Bidding time- 16:13:37
7. Bidding at - Priti jain indore

Meena Agrawal
435. Soundari |   Link |  Bookmark |April 4, 2007 4:05:18 PM
I applied for mindtree ipo.
But I did't alloted any shares the amount also not refunde.
my application no.14608206

please find and give me details as early as possible

Thank you
Soundari Palani
434. B.KIRAN KUMAR |   Link |  Bookmark |March 26, 2007 1:17:23 PM
I applied for mindtree ipo, but I did't alloted any shares the amount also not refunded.
my application no.13321385
please find and give me details as early as possible.
433. Ashish MOhan Sangal |   Link |  Bookmark |March 23, 2007 7:11:29 PM
Hi Everybody,
Please provide me the phone no for MONDKAR computers. I tried all the available nos and failed.

Request Mondkar computers TO PLEASE PROCESS MY REFUND ASAP and clear it through ECS OR SEND ME THE WARRANT>PLEASE ....PLEASE process it ASAP.
432. Vinay PR |   Link |  Bookmark |March 21, 2007 1:03:58 PM
Any idea, wht we have to do if we have not got refund cheeque...
431. Daniel |   Link |  Bookmark |March 21, 2007 11:21:18 AM
I've applied for 15 slots of mind tree. Still i didnt get back the refund money. my application number is 82486149. plz do the needfull.
430. Sakthi |   Link |  Bookmark |March 19, 2007 11:35:47 AM
If you not get proper response then fill the below form and give the complain to sebi. it will take 1- 2 months but sure you will get response from sebi.
429. Jennifer |   Link |  Bookmark |March 15, 2007 9:44:16 PM
Should i hold the mindtree stocks for long or sell it off.
428. bg |   Link |  Bookmark |March 15, 2007 5:38:40 PM
dont bluff. mindtree at 2000? its a pipe dream. may be in 8 years not 8 trading sessions ,mr dc
427. karthik D.R |   Link |  Bookmark |March 15, 2007 12:46:28 PM
I had applied for the 75 mindtree shares trough ipo on 02-02-07 from karvy finapolis madhapur,hyderabad.
I am unable to check my ipo allotment status,its showing "Record not found".my Bid cum Application form no is

Please look in this matter n do the needful.

Karthik D.R
426. Lalit Bansal |   Link |  Bookmark |March 15, 2007 11:15:30 AM
I'd applied for the MINDTREE IPO. I didn't get any
allotment neither did I receive the refund amount.
Moreover, there are no replies from their end, neither
through phone nor through e-mail.
On contacting my DP(ICICI bank), I was informed that they
have dispatched my refund cheque on 1st March, 2007.
However, I haven't yet received the same.
I would request the forum to kindly look in this issue and
help me out.
My application No: 13310733
Number of shares applied: 75
425. VIKAS JAIN |   Link |  Bookmark |March 15, 2007 11:15:29 AM
Till date i have not received the refunds.

What should i do? What is the e mail address to lodge compliant with SEBI?

Can anybody help me on this
424. dc |   Link |  Bookmark |March 14, 2007 9:01:29 PM
a big operator has entered into this stock and determined to pull this stock upto Rs2000 in next 8 TRADING SESSIONS.Insider information.