Fixed Price FPO | ₹8 Cr | Listed at BSE | Mon, Nov 1, 2004 - Mon, Nov 8, 2004
SPANCO TELESYSTEMS SOLUTIONS IPO is a fixed issue price of ₹7.54 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹7.54 crore.
SPANCO TELESYSTEMS SOLUTIONS IPO bidding started from Nov 1, 2004 and ended on Nov 8, 2004.
SPANCO TELESYSTEMS SOLUTIONS IPO is set final issue price at ₹25 per share.
Keynote Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to for detailed Information.
FPO Open
Mon, Nov 1, 2004
FPO Close
Mon, Nov 8, 2004
Issue Price
₹25 per share
Market Cap (Pre-IPO)
₹25.00 Cr
| IPO Date | 1 to 8 Nov, 2004 |
| Listed on | Thu, Dec 2, 2004 |
| Face Value | ₹10 per share |
| Issue Price | ₹25 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price FPO |
| Listing At | BSE |
| Total Issue Size | 30,15,000 shares (agg. up to ₹8 Cr) |
| Fresh Issue | 30,15,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 69,85,000 shares |
| Share Holding Post Issue | 1,00,00,000 shares |
| BSE Script Code | 508976 |
| ISIN | INE360B01018 |
SPANCO TELESYSTEMS SOLUTIONS IPO comprises a total issue size of 30,15,000 shares. The net offer to the public is 13,57,000 shares, after excluding 16,58,000 shares under a preferential allotment. Of the Net offer 6,78,500 (50.00%) allocated to NII 6,78,500 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,78,500 | 50.00% | 22.50% |
| Retail Shares Offered | 6,78,500 | 50.00% | 22.50% |
| Preferential Reservations | |||
| Employee Shares Offered | 3,01,500 | 10.00% | |
| Other Shares Offered | 13,56,500 | 44.99% | |
| Total Shares Offered | 30,15,000 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
Originally incorporated in 1984 as Kadambari Leasing Ltd., the company was initially engaged in leasing and hire purchase activities. In 1999, it acquired the telecom business of Spanco Telesystems Ltd. and changed its name to Spanco Telesystems and Solutions Ltd. to focus on telecom system integration and IT-enabled services.
The company provides telecom networking and communication infrastructure solutions involving the integration of voice, data, and video communication systems. Its offerings include access network solutions, WAN and LAN integration, radio and satellite communication systems, DSL solutions, video conferencing systems, and campus-wide networking infrastructure.
Spanco also offers end-to-end call centre infrastructure solutions, including WAN and LAN integration, CRM integration, IVRS systems, predictive diallers, ACD-enabled switches, and report generation software. The company additionally provides installation, testing, commissioning, and post-integration support services in India and overseas.
The company serves sectors such as defence, public sector utilities, railways, oil companies, telecom carriers, and corporates. It has executed projects involving data network backbones, communication infrastructure, and call centre setups for domestic and international clients.
Spanco expanded into customer contact centre solutions and operated call centres across Mumbai, Pune, Kolkata, Bangalore, and Gurgaon, supported by marketing offices in India and the USA. The company had an employee strength of over 1,500 personnel.
The company developed strategic alliances with global technology companies such as Nortel Networks, Alcatel, Verint, and Telrad for telecom and carrier-class networking solutions. It was also certified as an ISO 9001:2000 company for telecom networking integration, installation, implementation, and maintenance services.
| Period Ended | 30 May 2004 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|
| Total Income | 16.56 | 61.95 | 47.55 |
| Profit After Tax | 1.31 | 6.32 | 1.93 |
| NET Worth | 29.77 | 28.46 | 22.15 |
| Reserves and Surplus | 22.79 | 21.48 | 15.17 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| I-Power Solutions India Ltd. | Mainboard | ₹1.11 Cr | ₹10 | null | ₹24.85 | +148.50% | ₹16.36 (-4.88%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lease Deposit | 0.68 |
| 2 | Land & Building | 8.80 |
| 3 | Equipments | 19.68 |
| 4 | Computers & Others | 2.19 |
| 5 | Electrification | 2.61 |
| 6 | Furniture & Fixture | 4.15 |
| 7 | Preliminary & Pre-operative (including issue expenses) | 1.24 |
| Total | 39.35 |
| KPI | Mar 31, 2004 |
|---|---|
| RoNW | 21.42% |
| Price to Book Value | 0.79 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.05 | 7.88 |
| P/E (x) | 2.76 | 3.17 |
| Promoter Holding | 43.53% | 35.8% |
| Market Cap | ₹25.00 Cr. |
The Spanco Telesystems Solutions IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 47.05 | 30,15,000 | 14,18,68,500 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Registration & Stamp duty | 0.05 |
| 2 | Market intermediary fees | 0.15 |
| 3 | Legal fees | 0.15 |
| 4 | Advertisement | 0.30 |
| 5 | Printing & Stationary | 0.10 |
| 6 | Statutory fee | 0.02 |
| 7 | Others | 0.47 |
| Total | 1.24 |
| Price Details |
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Lead Manager Reports
Spanco Telesystems Solutions IPO is a main-board FPO of 30,15,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹25 per share. The minimum order quantity is .
The FPO opens on Mon, Nov 1, 2004, and closes on Mon, Nov 8, 2004.
Bigshare Services Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Spanco Telesystems Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Spanco Telesystems Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Spanco Telesystems Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Spanco Telesystems Solutions IPO opens on Mon, Nov 1, 2004 and closes on Mon, Nov 8, 2004.
Spanco Telesystems Solutions IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Spanco Telesystems Solutions IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Spanco Telesystems Solutions IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Spanco Telesystems Solutions IPO allotment status.
The Spanco Telesystems Solutions IPO listing date is on .
