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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.
Clients:
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.
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.
| IPO Opening Date | Feb 9, 2007 |
| IPO Closing Date | Feb 14, 2007 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹365 to ₹425 per equity share |
| Market Lot | 15 Shares |
| Min Order Quantity | 15 Shares |
| Listing At | BSE, NSE |
| Issue Size | 5,593,300 Eq Shares of ₹10 (aggregating up to ₹237.72 Cr) |
The MindTree IPO market lot size is 15 shares. A retail-individual investor can apply for up to 31 lots (465 shares or ₹197,625).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 15 | ₹6,375 |
| Maximum | 31 | 465 | ₹197,625 |
The MindTree IPO is subscribed 103.28 times on Feb 14, 2007 17:00. The public issue subscribed 30.06 in the retail category, 156.98 in the QIB category, and 134.96 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Wednesday, March 7, 2007 |
| BSE Script Code | 532819 |
| NSE Symbol | MINDTREE |
| Listing In | B1 Group of Securities |
| ISIN | INE018I01017 |
| IPO Price | ₹425 per equity share |
| Face Value | ₹10 per equity share |
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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
Email: investors@mindtree.com
Website: http://www.mindtree.com
Mondkar Computers Private Limited
Phone: 022 - 2836 6620 / 2825 7641
Email: mindtree_ipo@mondkarcomputers.com
Website: https://www.unisec.in/
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 equity share. The minimum order quantity is 15 Shares.
The IPO opens on Feb 9, 2007, and closes on Feb 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 Feb 9, 2007 and closes on Feb 14, 2007.
MindTree IPO lot size is 15 Shares and the minimum order quantity is 15 Shares.
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, Edelweiss, 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.
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