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Thinksoft Global Services Ltd IPO (Thinksoft IPO) Detail

Sep 22, 2009 - Oct 1, 2009

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 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.

Company Financials:

ParticularsFor the year/period ended (Rs. in lacs)
30-Sep-0831-Mar-0831-Mar-0731-Mar-0631-Mar-0531-Mar-04
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:

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 Details

Issue OpenSep 22, 2009 - Oct 1, 2009
Issue TypeBook Built Issue IPO
Issue Size3,646,000 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 Lot50 Shares
Min Order Quantity50 Shares
Listing AtBSE, NSE

Thinksoft IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum150₹6,250
Maximum321600₹200,000

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 Subscription Status (Bidding Detail)

Thinksoft IPO how much subscribed?

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

Thinksoft IPO Prospectus

Thinksoft IPO Rating

163
2.9
Rating:Rated 2.9 stars

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Thinksoft IPO Listing Date

Listing DateMonday, October 26, 2009
BSE Script Code533121
NSE SymbolSQSBFSI
Listing InB
ISININE201K01015
Issue Price₹125 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
₹125.00
₹100.00
₹100.00
₹170.00
₹164.30
17,924,873
NSE
₹125.00
₹126.00
₹126.00
₹169.80
₹164.40
26,247,157

Thinksoft IPO Reviews / Ratings

Sorry, we couldn't find any reviews, please check back later.

Company Contact Information

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

Thinksoft IPO Registrar

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 FAQs

  1. 1. What is Thinksoft IPO?

    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.

  2. 2. When Thinksoft IPO will open?

    The Thinksoft IPO opens on Sep 22, 2009 and closes on Oct 1, 2009.

  3. 3. How to apply for Thinksoft IPO?

    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.

  4. 4. When Thinksoft IPO allotment?

    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.

  5. 5. When is Thinksoft IPO listing date?

    The Thinksoft IPO listing date is on Monday, October 26, 2009, at BSE, NSE.
  6. 6. What is the lot size of Thinksoft IPO?

    Thinksoft IPO lot size is 50 Shares and the minimum order quantity is 50 Shares.

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Thinksoft IPO Review / Comments

kmfs
260. kmfs  Dec 7, 2009 16:06
Today open at 302 and closed at 360 (42 Rs down)

bye
Rama
259. Rama  Nov 28, 2009 09:27
Please stay away from circulary traded stocks like thinksoft. Othewise you will cry later.
Ravi, Bangalore
258. Ravi, Bangalore  Nov 27, 2009 12:00
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.
Krish
257. Krish  Nov 14, 2009 08:05
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.
ALI BHOY SAKAR BAZAR WALA
256. ALI BHOY SAKAR BAZAR WALA  Nov 12, 2009 13:47

See the Performance

&

Please,

See my Old Msg.no.134

Dated 11 th October.

.
robert FII
255. robert FII  Nov 12, 2009 12:53
yeh IPO mai sab public ke paisee trap karne ka scandle hai yeh anadar ki bat hai
rama
254. rama  Nov 12, 2009 11:39
Chennai based company...... another pyramid saimira?....for no reason stock is going up..... trading shares using IPO money?.....
Rama
253. Rama  Nov 9, 2009 13:22
THINKSOFT IS GOING TO BE ANOTHER AUSTRAL COKE.
BE CAREFUL WITH YOUR MONEY.
ketan
252. ketan  Nov 3, 2009 16:08
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
Ravi, Bangalore
251. Ravi, Bangalore  Oct 31, 2009 14:24
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.
Ravi, Bangalore
250. Ravi, Bangalore  Oct 29, 2009 14:52
Market is peaked for intra-day. Thinksoft is best short candidate above 225.
Ravi, Bangalore
249. Ravi, Bangalore  Oct 29, 2009 14:30
Thinksoft 218- Target 223, 225 SL 214.

Stop-loss important. There is risk of loss in trading.
omega
248. omega  Oct 29, 2009 11:01
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
iyengar
247. iyengar  Oct 29, 2009 00:08
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.
Omega
246. Omega  Oct 28, 2009 23:11
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.
Ravi, Bangalore
245. Ravi, Bangalore  Oct 28, 2009 16:27
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!
Ravi, Bangalore
244. Ravi, Bangalore  Oct 28, 2009 16:11
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.
Ravi, Bangalore
243. Ravi, Bangalore  Oct 28, 2009 15:58
Stop loss is 217 or day-high.
Ravi, Bangalore
242. Ravi, Bangalore  Oct 28, 2009 15:58
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.
omega
241. omega  Oct 28, 2009 14:51
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.



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