Thinksoft Global Services Limited was incorporated on June 8, 1998 as Relliant Global Services (India) Private Limited in Bangalore, Karnataka.
Thinksoft is a Banking, Financial Services and Insurance (BFSI) focused software testing enterprise. Thinksoft operates as a specialist and niche player in the financial and insurance software testing space. Company's service in the area of testing and business requirements assurance includes functional testing, performance testing, test automation and Requirements Documentation services.
Thinksoft was among 'Deloitte Tech Fast 50 India' and 'Deloitte Tech Fast 500 Asia Pacific' in the years 2006 and 2007 and 'Deloitte Tech Fast 500 Asia Pacific' in the year 2008.
The Company presently has its off shore facilities at Chennai with a capacity of around 360 seats. The Company is proposing to expand it's off shore facilities by adding additional capacity of another 400 seats. Thinksoft has established a global presence in New York, London, Frankfurt, Singapore, Hong Kong, Brussels, Sydney, Bangalore and Chennai. All its clients operate in the banking, financial services and insurance sector.
Thinksoft is promoted by three first generation entrepreneurs:
1. Mr. Asvini Kumar A V - aged 55 years, holds a Bachelors of Science degree in Physics (Osmania University) and a PGDM from IIM, Bangalore (1981). He founded Thinksoft with the objective of providing value added IT consulting services, mainly in the areas of testing, documentation and domain consulting.
2. Ms. Vanaja Arvind - aged 61 years is an M.A Sociology (University of Madras) and M.S (University of Pittsburgh).
3. Mr. Mohan Parvatikar - aged 52 is a Promoter & Non-Executive Director of Thinksoft. Mr. Mohan graduated from IIT - Delhi and later enrolled at IIM, Bangalore to get his MBA. He became associated with Thinksoft in late 1999, participating in its restructuring and fund raising activities.
| Particulars | For the year/period ended (Rs. in lacs) | |||||
| 30-Sep-08 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | 31-Mar-04 | |
| Total Income | 4,734.17 | 6,997.38 | 5,300.22 | 3,463.61 | 1,794.69 | 1,151.45 |
| Profit After Tax (PAT) | 718.39 | 934.07 | 807.55 | 368.35 | 70.98 | (49.67) |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
1. To establish new testing center;
2. To meet issue expenses;
3. To get the shares listed on Stock Exchanges.
| Issue Open | Sep 22, 2009 - Oct 1, 2009 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3,646,000 Eq Shares of ₹10 (aggregating up to ₹45.58 Cr) |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹115 to ₹125 Per Equity Share |
| Market Lot | 50 Shares |
| Min Order Quantity | 50 Shares |
| Listing At | BSE, NSE |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 50 | ₹6,250 |
| Maximum | 32 | 1600 | ₹200,000 |
ICRA has assigned an IPO Grade 2 to Thinksoft Global Services Ltd IPO. This means as per ICRA, company has Below average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Link to download Care rating document.
Change in Issue Closing Date and Issue Price band
Posted Date: 24 Sept 2009
Book Running Lead Manager to the issue has informed the Exchange that the Book Building issue of Thinksoft Global Services Ltd will close on OCT 01, 2009 instead of the earlier closing day on Sep 24, 2009 Further price band has revised from Rs 120 /- to Rs 130 /- per share to Rs 115 /- to Rs 125 /- per share.
No. of Times Issue Subscribed (BSE + NSE) | ||||
|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Total |
Shares Offered | 1,823,000 | 546,900 | 1,276,100 | 3,646,000 |
Oct 1, 2009 17:00 | 0.31x | 6.05x | 4.31x | 2.57x |
| Listing Date | Monday, October 26, 2009 |
| BSE Script Code | 533121 |
| NSE Symbol | SQSBFSI |
| Listing In | B |
| ISIN | INE201K01015 |
| Issue Price | ₹125 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
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Thinksoft Global Services Ltd
Type II, Unit-5, Dr. Vikram Sarabhai,
Instronics Estate, Thiruvanmiyur,
Chennai - 600041, Tamil Nadu, India
Phone: 91-44-43923200
Email: ipo@thinksoftglobal.com
Website: http://www.thinksoftglobal.com
Karvy Computershare Private Limited
Karvy Registry House, 8-2-596, St. No. 1,
Banjara Hills, Hyderabad - 500 034
Andhra Pradesh, India
Phone: +91-40-23312454
Email: einward.ris@karvy.com
Website: https://karisma.karvy.com/
Thinksoft IPO is a main-board initial public offering of 3,646,000 equity shares of the face value of ₹10 aggregating up to ₹45.58 Crores.
The issue price of the IPO is ₹115 to ₹125 Per Equity Share. The minimum order quantity is 50 Shares per application and the offer type is Book Built Issue.
The IPO opens on Sep 22, 2009 and closes on Oct 1, 2009.
Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Thinksoft IPO opens on Sep 22, 2009 and closes on Oct 1, 2009.
Thinksoft 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.
The finalization of Basis of Allotment for Thinksoft IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Thinksoft IPO allotment status.
Thinksoft IPO lot size is 50 Shares and the minimum order quantity is 50 Shares.
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