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

Issue Open	Sep 22, 2009 - Oct 1, 2009
Issue Type	Book Built Issue IPO
Issue Size	3,646,000 Eq Shares of Rs 10 (aggregating up to Rs 45.58 Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 115 - Rs 125 Per Equity Share
Market Lot	50 Shares
Min Order Quantity	50 Shares
Listing At	BSE, NSE

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)

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:

Vote Here ...

Thinksoft IPO Listing Date

Listing Date	Monday, October 26, 2009
BSE Script Code	533121
NSE Symbol	SQSBFSI
Listing In	B
ISIN	INE201K01015
Issue Price	Rs 125 Per Equity Share
Face Value	Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume

BSE
Rs 125.00
Rs 100.00
Rs 100.00
Rs 170.00
Rs 164.30
17,924,873

NSE
Rs 125.00
Rs 126.00
Rs 126.00
Rs 169.80
Rs 164.40
26,247,157

Thinksoft IPO Reviews / Ratings

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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 Lead Manager(s)

Lead Manager Reports

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Useful Articles

Thinksoft IPO Review / Comments

260. kmfs Dec 7, 2009 15:06

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

bye

259. Rama Nov 28, 2009 08:27

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

258. Ravi, Bangalore Nov 27, 2009 11:00

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 07:05

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 12:47

See the Performance

&

Please,

See my Old Msg.no.134

Dated 11 th October.

.

255. robert FII Nov 12, 2009 11:53

yeh IPO mai sab public ke paisee trap karne ka scandle hai yeh anadar ki bat hai

254. rama Nov 12, 2009 10:39

Chennai based company...... another pyramid saimira?....for no reason stock is going up..... trading shares using IPO money?.....

253. Rama Nov 9, 2009 12:22

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

252. ketan Nov 3, 2009 15:08

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 13:24

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 13:52

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

249. Ravi, Bangalore Oct 29, 2009 13:30

Thinksoft 218- Target 223, 225 SL 214.

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

248. omega Oct 29, 2009 10:01

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 28, 2009 23:08

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 22:11

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 15:27

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 15:11

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 14:58

Stop loss is 217 or day-high.

242. Ravi, Bangalore Oct 28, 2009 14:58

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 13:51

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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