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Thinksoft Global Services Ltd IPO (Thinksoft IPO) Detail

September 22, 2009 - October 1, 2009

Thinksoft IPO is a book built issue of Rs 45.58 crores.

Thinksoft IPO bidding started from September 22, 2009 and ended on October 1, 2009. The shares got listed on BSE, NSE on October 26, 2009.

Thinksoft IPO price band is set at ₹115 to ₹125 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹6,250.

Chartered Capital And Investment Limited and Karvy Investor Services Limited are the book running lead managers of the Thinksoft IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Thinksoft IPO RHP for detailed information.

Thinksoft IPO Details

IPO Date September 22, 2009 to October 1, 2009
Listing Date October 26, 2009
Face Value ₹10 per share
Price Band ₹115 to ₹125 per share
Lot Size 50 Shares
Total Issue Size3,646,000 shares
(aggregating up to ₹45.58 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Thinksoft IPO Reservation

Thinksoft IPO offers 3,646,000 shares. 1,823,000 (50.00%) to QIB, 546,900 (15.00%) to NII, 1,276,100 (35.00%) to RII. 25,522 RIIs will receive minimum 50 shares and (sNII) and (bNII) will receive minimum 1,650 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered1,823,000 (50.00%)NA
NII (HNI) Shares Offered546,900 (15.00%)
Retail Shares Offered1,276,100 (35.00%)25,522
Total Shares Offered3,646,000 (100%)

Thinksoft IPO Lot Size

Investors can bid for a minimum of 50 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 50 ₹6,250
Retail (Max) 32 1600 ₹200,000
Lot Size Calculator

About Thinksoft Global Services Ltd

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.

Company Financials

ParticularsFor the year/period ended (Rs. in lacs)
Total Income4,734.176,997.385,300.223,463.611,794.691,151.45
Profit After Tax (PAT)718.39934.07807.55368.3570.98(49.67)

Objects of the Issue (Thinksoft IPO Objectives)

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.

Thinksoft IPO Subscription Status (Bidding Detail)

The Thinksoft IPO is subscribed 2.57 times on October 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)

CategorySubscription (times)

Thinksoft Global Services Ltd IPO Grading / Rating

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.

IPO Notices

External Link
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.

Thinksoft IPO Prospectus

Thinksoft IPO Rating

Rating:Rated 2.9 stars
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Thinksoft IPO Listing Details

Listing Date October 26, 2009
BSE Script Code 533121
ISIN INE201K01015
Final Issue Price ₹125 per share

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

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Thinksoft Global Services Ltd Contact Details

Thinksoft Global Services Ltd
Type II, Unit-5, Dr. Vikram Sarabhai,
Instronics Estate, Thiruvanmiyur,
Chennai - 600041, Tamil Nadu, India
Phone: 91-44-43923200

Thinksoft IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Thinksoft IPO - Buy or Not

Thinksoft IPO Recommendation Summary

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Thinksoft IPO FAQs

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 September 22, 2009, and closes on October 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 September 22, 2009 and closes on October 1, 2009.

Thinksoft IPO lot size is 50 Shares, and the minimum amount required is ₹6,250.

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.

The Thinksoft IPO listing date is on October 26, 2009.
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Thinksoft IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



260. kmfs |   Link |  Bookmark |December 7, 2009 3:06:07 PM
Today open at 302 and closed at 360 (42 Rs down)

259. Rama |   Link |  Bookmark |November 28, 2009 8:27:20 AM
Please stay away from circulary traded stocks like thinksoft. Othewise you will cry later.
258. Ravi, Bangalore |   Link |  Bookmark |November 27, 2009 11:00:55 AM
Thinksoft 311- Target 340, 360, 380 or even 415-450 zone. Stop-loss 239. Solid support in 265-269 range.

If unexpetedly stop-loss is breached, it may drop to 195, 160 or even 140-120 zone.

Time-frame: One month.

Stop-loss is important. There is risk of loss in trading. This calls is for speculators only, not for investors.
257. Krish |   Link |  Bookmark |November 14, 2009 7:05:45 AM
When the issue could not go through within the stipulated time having failed to get 90% subscription, the surge is share price is totally wondering!! Bettr to be careful. We have come across cases like Austral Coke now at 10 and Pyramid Saimira caught in for all wrong reasons.
256. ALI BHOY SAKAR BAZAR WALA |   Link |  Bookmark |November 12, 2009 12:47:39 PM

See the Performance



See my Old

Dated 11 th October.

255. robert FII |   Link |  Bookmark |November 12, 2009 11:53:57 AM
yeh IPO mai sab public ke paisee trap karne ka scandle hai yeh anadar ki bat hai
254. rama |   Link |  Bookmark |November 12, 2009 10:39:49 AM
Chennai based company...... another pyramid saimira?....for no reason stock is going up..... trading shares using IPO money?.....
253. Rama |   Link |  Bookmark |November 9, 2009 12:22:55 PM
252. ketan |   Link |  Bookmark |November 3, 2009 3:08:04 PM
think soft ipo

mene 44500 ka application kiya tha par muje share nahi mile he to 44500 me kitne share allot kiye hai vo janna tha please help me
251. Ravi, Bangalore |   Link |  Bookmark |October 31, 2009 1:24:28 PM
Thinksoft 226- Target 235, 260, 298 Stop-Loss 190. Time-frame: One week.

Stop-loss is important. There is risk of loss in trading.

On fundametals, its value is less than Rs.92.
250. Ravi, Bangalore |   Link |  Bookmark |October 29, 2009 1:52:31 PM
Market is peaked for intra-day. Thinksoft is best short candidate above 225.
249. Ravi, Bangalore |   Link |  Bookmark |October 29, 2009 1:30:11 PM
Thinksoft 218- Target 223, 225 SL 214.

Stop-loss important. There is risk of loss in trading.
248. omega |   Link |  Bookmark |October 29, 2009 10:01:17 AM
hi everyone..

the post which is posted above is not the real omega.
i dont trade myself in intrday.
and on top of it the english used by the user is also pathetic.

as i told yesterday..yes this script would not have much variation is my tip.

i recomend only to buy small quantity a part and on dip . the support is 184/185
247. iyengar |   Link |  Bookmark |October 28, 2009 11:08:25 PM
All speculation in THINKSOFT.

Please see NSE Security-wise Delivery Position -28 OCT 2009

Quantity Traded: 20217704 shares
Deliverable Quantity (gross across client level): 599365
% of Deliverable Quantity to Traded Quantity 2.96 %

No wonder it is going up like this.
Only 2.96% has been for delivery trade.
Rest 97.04% is only day trade speculation.

Otherwise how can you explain a share which was not subscribed even one time, had to extend the closing date,lower its original price band suddenly becomes the darling of the stock market and goes up from Rs 125 to Rs 218!! in just 2 trading days??

Some one will get trapped as it falls heavily,shortly soon.
246. Omega |   Link |  Bookmark |October 28, 2009 10:11:18 PM
So you must have made a lot of profit today. Anyways buy is always better than sell. Indiabull power is opening tomorrow so this script will not have much movement tomorrow.
245. Ravi, Bangalore |   Link |  Bookmark |October 28, 2009 3:27:34 PM
Could not trade today. I was away in morning.

Tomorrow delivery expected to come to demat a/c of investors. So better to book profits & carrying holdings appears to be bad idea.

Let us think of Thinksoft tomorrow itself!
244. Ravi, Bangalore |   Link |  Bookmark |October 28, 2009 3:11:17 PM
I don't expect to fall below 206 today.

If possible, short above 210.5, Target 208.5, 207.5, 206

Before I could see a chart, Thinksoft making lot of movements.

Intraday Call. Stop-loss important.
243. Ravi, Bangalore |   Link |  Bookmark |October 28, 2009 2:58:52 PM
Stop loss is 217 or day-high.
242. Ravi, Bangalore |   Link |  Bookmark |October 28, 2009 2:58:03 PM
Thinksoft 211.5- Short above 214, Target 213, 212 (book partial profit), 211 (book 90% holdings), 209.5.

Stop loss is important. Morning I was away so could not trade in Thinksoft.
241. omega |   Link |  Bookmark |October 28, 2009 1:51:35 PM
now the support is at 184/186 , so decide the strategy according to it.
as i told you i dont count on intraday .. this script from 193/195 swings in any direction.