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:

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)

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

IPO Opening Date	Sep 22, 2009
IPO Closing Date	Oct 1, 2009
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹115 to ₹125 per equity share
Market Lot	50 Shares
Min Order Quantity	50 Shares
Listing At	BSE, NSE
Issue Size	3,646,000 Eq Shares of ₹10 (aggregating up to ₹45.58 Cr)

Thinksoft IPO Lot Size

The Thinksoft IPO market 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 (Cut-off)
Minimum	1	50	₹6,250
Maximum	32	1600	₹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

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)

The Thinksoft IPO is subscribed 2.57x times on Oct 1, 2009 17:00. The public issue subscribed 4.31x in the retail category, 0.31x in the QIB category, and 6.05x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
QIB	0.31x
NII	6.05x
RII	4.31x
Total	2.57x

Thinksoft IPO Prospectus

› Thinksoft IPO DRHP
› Thinksoft IPO RHP
› Thinksoft IPO Application Form Download

Thinksoft IPO Rating

163

2.9

Rating:

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Thinksoft IPO Listing Date

Listing Date	Monday, October 26, 2009
BSE Script Code	533121
NSE Symbol	SQSBFSI
Listing In	B
ISIN	INE201K01015
IPO Price	₹125 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO 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

KFintech Private Limited
   Selenium Building, Tower-B, Plot No 31 & 32,
   Financial District,Nanakramguda, Serilingampally,
   Rangareddi, Telangana India - 500 032.

Phone: 1-800-3454001
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Thinksoft IPO Lead Manager(s)

Lead Manager Reports

Thinksoft IPO FAQs

What is Thinksoft IPO?

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 equity share. The minimum order quantity is 50 Shares.

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

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When Thinksoft IPO will open?

The Thinksoft IPO opens on Sep 22, 2009 and closes on Oct 1, 2009.
What is the lot size of Thinksoft IPO?

Thinksoft IPO lot size is 50 Shares and the minimum order quantity is 50 Shares.
How to apply for Thinksoft IPO?

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
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.
When is Thinksoft IPO listing date?

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

Thinksoft IPO Message Board

Ranked Members

260. kmfs |Dec 7, 2009 16:06

Today open at 302 and closed at 360 (42 Rs down)

bye

259. Rama |Nov 28, 2009 09:27

Please stay away from circulary traded stocks like thinksoft. Othewise you will cry later.

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.

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.

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.

.

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

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?.....

253. Rama |Nov 9, 2009 13:22

THINKSOFT IS GOING TO BE ANOTHER AUSTRAL COKE.
BE CAREFUL WITH YOUR MONEY.

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

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.

250. Ravi, Bangalore |Oct 29, 2009 14:52

Market is peaked for intra-day. Thinksoft is best short candidate above 225.

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.

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

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.

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.

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!

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.

243. Ravi, Bangalore |Oct 28, 2009 15:58

Stop loss is 217 or day-high.

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.

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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