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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.
| 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.
| IPO Date | Sep 22, 2009 to Oct 1, 2009 |
| Listing Date | Monday, October 26, 2009 |
| Face Value | ₹10 per share |
| Price | ₹115 to ₹125 per share |
| Lot Size | 50 Shares |
| Issue Size | 3,646,000 shares of ₹10 (aggregating up to ₹45.58 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | 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. |
The Thinksoft IPO lot size is 50 shares. A retail-individual investor can apply for up to 32 lots (1600 shares or ₹200,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,250 |
| Retail (Max) | 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.
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.
The Thinksoft IPO is subscribed 2.57 times on Oct 1, 2009 5:00:00 PM. The public issue subscribed 4.31 times in the retail category, 0.31 times in the QIB category, and 6.05 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.31 |
| NII | 6.05 |
| Retail | 4.31 |
| Total | 2.57 |
| Listing Date | Monday, October 26, 2009 |
| BSE Script Code | 533121 |
| NSE Symbol | EXPLEOSOL |
| Listing In | B Group of Securities |
| ISIN | INE201K01015 |
| IPO Price | ₹125 per share |
| Face Value | ₹10 per 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
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Thinksoft IPO is a main-board IPO of 3,646,000 equity shares of the face value of ₹10 aggregating up to ₹45.58 Crores. The issue is priced at ₹115 to ₹125 per share. The minimum order quantity is 50 Shares.
The IPO opens on Sep 22, 2009, and closes on Oct 1, 2009.
KFin Technologies 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 lot size is 50 Shares and the minimum order quantity is .
You can apply in Thinksoft 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 Thinksoft IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Thinksoft IPO allotment status.
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