Thinksoft IPO Details

Issue Open Sep 22, 2009
Issue Close Oct 1, 2009
IPO Price ₹125
Face Value ₹10
IPO Size ₹45.58 Cr
Listing At BSE, NSE
IPO Lot Size 50

THINKSOFT GLOBAL SERVICES LIMITED

(The Company was incorporated as Relliant Global Services (India) Private Limited on June 8, 1998 at Bangalore, Karnataka under the Companies Act, 1956 with company registration no.08/23821. On December 17, 1999, the Company's name was changed to Thinksoft Global Services Private Limited. It became a Public Company pursuant to a special resolution of the shareholders of the Company at an Extra-Ordinary General Meeting held on July 22, 2008 and the word "Private" was deleted from its name. The certificate of incorporation reflecting the new name was issued on August 19, 2008 by the Registrar of Companies, Tamilnadu, Chennai, Andaman & Nicobar Islands. The Registered Office of the Company was shifted from S-912 Manipal Centre, Dickenson Road, Bangalore - 560 042 to the present address . vide Fresh Certificate of Incorporation consequent on change of registered office address issued by the Registrar of Companies, Tamil Nadu, Chennai, Andaman and Nicobar Islands dated February 26, 2008).

Registered Office: Type II, Unit-5, Dr.Vikram Sarabhai Instronics Estate, Thiruvanmiyur, Chennai - 600 041, India, www.thinksoftglobal.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 36,46,000 EQUITY SHARES OF RS.10 EACH FOR CASH AT A PRICE OF RS.125/- PER EQUITY SHARE AGGREGATING RS. 4557.50 LAKHS (THE "ISSUE") BY THINKSOFT GLOBAL SERVICES LIMITED {THE "COMPANY" OR "THE ISSUER"). THE ISSUE CONSISTS OF A FRESH ISSUE OF 13,50,000 EQUIOTY SHARES BY THE COMPANY AND AN OFFER FOR SALE OF 22,96,000 EQUITY SHARES BY EURO INDO INVESTMENTS (Ell) & MR VINOD GANJOOR (HEREINAFTER REFERRED TO AS THE "SELLING SHAREHOLDERS"). THE ISSUE WOULD CONSTITUTE 36.27% OF THE POST-ISSUE PAID-UP EQUITY CAPITAL OF THE COMPANY.

THE FACE VALUE PER EQUITY SHARE IS RS.10 AND THE ISSUE PRICE IS Rs.125/- PER EQUITY SHARES, WHICH IS 12.5 TIMES THE FACE VALUE.

The Issue is made through the 100% Book Building Process wherein upto 50% of the Issue was to be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs") (including 5% of the QIB portion that was to be specifically allotted to mutual funds), further, atleast 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue shall be available for allocation on a proportionate basis to Retail Bidders, subject to valid bids being received at or above the Issue Price.

The Issue received 13465 applications for 7714412 Equity Shares resulting in 2.11 times subscription. The details of the applications received in the Issue from QIBs, Non-Institutional and Retail Individual Investors categories are as under: (Before technical rejections).

Category No. of Applications No. of Shares No. of times subscription
A. Retail Individual Bidders 13383 4859262 3.80
B. Non Institutional Bidders 79 2289950 4.18
C. Qualified Institutional Bidders 3 565200 0.31
Total 13465 7714412 2.11

Final Demand
A sample of the final demand at different bid prices is as under:

Bid Price No. of Equity Shares % of Total Cumulative Total Cumulative % to Total
115 81050 0.86 9383550 100.00
116 950 0.01 9302500 99.14
117 16450 0.18 9301550 99.13
118 150 0.00 9285100 98.95
119 250 0.00 9284950 98.95
120 870200 9.27 9284700 98.95
121 300 0.00 8414500 89.67
122 300 0.00 8414200 89.67
123 300 0.00 8413900 89.67
124 850 0.01 8413600 89.66
125 8412750 89.65 8412750 89.65

The Basis of Allocation was finalized in consultation with the National Stock Exchange of India Limited ("NSE") on October 14,2009.

A. Allocation to Retail Individual Investors (Including ASBA Applications) (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs. 125/- per Equity Share or above, was finalized in consultation with NSE. This category has been over-subscribed to the extent of 2.05 times. Overall 13059 applications for 4795350 Equity Shares were found valid and they were considered for allotment. The above includes 1092 valid applications for 112733 equity shares made under the ASBA process. The total number of shares allotted in Retail Individual Investor category is 2336810 Equity Shares (including spill over of 1060710 equity shares being 70% of the unsubscribed portion of the QIB reservation) to 10816 applicants. The category-wise details of the Basis of Allocation are as under:s

Category No. of Applications % to Total Total No. of Equity Shares Applied % to Total No. of Equity Shares Allocated Ratio Total No.of Equit) Shares Allocated
50 4319 33.07 215950 4.50 50 25:52 103800
100 1682 12.88 168200 3.51 50 FIRM 84100
150 497 3.81 74550 1.55 73 FIRM 36281
200 558 4.27 111600 2.33 97 FIRM 54126
Addltional 1 10:27 207
250 205 1.57 51250 1.07 122 FIRM 25010
300 155 1.19 46500 0.97 146 FIRM 22630
350 161 1.23 56350 1.18 171 FIRM 27531
400 379 2.90 151600 3.16 195 FIRM 73905
450 18 0.14 8100 0.17 219 FIRM 3942
500 98 0.75 49000 1.02 244 FIRM 23912
550 16 0.12 8800 0.18 268 FIRM 4288
600 21 0.16 12600 0.26 292 FIRM 6132
650 4 0.03 2600 0.05 317 FIRM 1268
700 13 0.10 9100 0.19 341 FIRM 4433
750 2345 17.96 1758750 36.68 365 FIRM 855925
800 2588 19.82 2070400 43.18 390 FIRM 1009320

B. Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to the Non-Institutional Investors, who have bid at the Issue Price of Rs. 125/- per Equity Share or above, was finalized in consultation with NSE. This category has been over-subscribed to the extent of 2.23 times. Overall 66 applications for 2241850 equity shares were found valid and they were considered for allotment. The total number of equity shares allotted in this category is 1001490 (including spill over of 454590 equity shares being 30% of the unsubscribed portion of the QIB reservation) to 66 applicants. The category-wise details of the Basis of Allocation (sample) are as under:

Category No. of Applications % to Total Total No. of Equity Shares Applied % to Total No. of Equity Shares Allocated Ratio Total No. of Equity Shares Allocated
1000 2 3.03 2000 0.09 447 FIRM 894
1500 18 27.27 27000 1.20 670 FIRM 12060
2300 2 3.03 4600 0.21 1028 FIRM 2056
2400 4 6.06 9600 0.43 1072 FIRM 4288
3800 1 1.52 3800 0.17 1698 FIRM 1698
4000 1 1.52 4000 0.18 1787 FIRM 1787
4800 1 1.52 4800 0.21 2144 FIRM 2144
5000 4 6.06 20000 0.89 2234 FIRM 8936
6000 3 4.55 18000 0.80 2680 FIRM 8040
6400 1 1.52 6400 0.29 2859 FIRM 2859
7350 1 1.52 7350 0.33 3283 FIRM 3283
8100 1 1.52 8100 0.36 3618 FIRM 3618
10000 1 1.52 10000 0.45 4467 FIRM 4467
12000 2 3.03 24000 1.07 5361 FIRM 10722
14400 1 1.52 14400 0.64 6433 FIRM 6433
19950 1 1.52 19950 0.89 8912 FIRM 8912
20000 2 3.03 40000 1.78 8935 FIRM 17870
24000 1 1.52 24000 1.07 10721 FIRM 10721
25550 1 1.52 25550 1.14 11414 FIRM 11414
40000 4 6.06 160000 7.14 17869 FIRM 71476
60000 2 3.03 120000 5.35 26804 FIRM 53608
80000 3 4.55 240000 10.71 35738 FIRM 107214
83300 1 1.52 83300 3.72 37212 FIRM 37212
100000 1 1.52 100000 4.46 44672 FIRM 44672
120000 1 1.52 120000 5.35 53607 FIRM 53607
125000 1 1.52 125000 5.58 55841 FIRM 55841
160000 2 3.03 320000 14.27 71476 FIRM 142952
200000 2 3.03 400000 17.84 89345 FIRM 178690
300000 1 1.52 300000 13.38 134016 FIRM 134016

C. Allocation to QIBs (After Technical Rejections)
The Basis of Allocation to the Qualified Institutional Investors, who have bid at the Issue Price of Rs. 125/- per Equity Share or above, I was finalized in consultation with NSE. Overall 2 applications for 3,07,700 Equity Shares were found valid and they were considered for allotment.

Category FIs / Banks Flls MFs ICs VCs Others Total
No. of Equity Shares Nil 3,07,700 Nil Nil Nil Nil 3,07,700

The Board of Directors of the Company at its meeting held at Chennai on October 14,2009 has approved the basis of allocation of Equity Shares of the Issue and has allotted the Shares to various successful applicants.
The CAN-cum-Refund Orders and Refund credit advice have been dispatched to the address of the investors as registered with the depositories on Friday, October 16,2009. In case the same is not received within ten days, investors may contact at the address given below. The company has filed listing applications with the stock exchanges on Friday, October 16,2009. The Refund Orders have been over-printed with the Bank Account details as registered, if any, with the depositories. The Equity Shares allocated to successful applicants have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Equity Shares of the Company admitted for trading on the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited w.e.f. October 26,2009.

INVESTORS PLEASE NOTE
These details of the allocation made would be hosted on the website of Registrar to the Issue, Karvy Computershare Private Limited at http://karisma.karvy.com
All future correspondences in this regard may kindly be addressed to the Registrars to the Issue quoting full name of the First/ Sole applicant, Serial number of the bid-cum-application form, number of Equity Shares Bid for, name of the Member of the Syndicate and place where the Bid was submitted and payment details at the address given below:

Karvy Computershare Private Limited
Unrt:THINKSOFT GLOBAL SERV1CES LIMITED
TOLL FREE - HELPLINE NUMBER
Plot No.17 to 24,Vitharao Nagar,Hitech City Road, Madhapur, Hyderabad-500081, Fax:040-23420814

Email: einward.ris@Karvy.com

TOLLFREE-HELPLINE NUMBER1-800-3454001

Place : Chennai
Date : 22.10.2009
For Thinksoft Global Services Limited
Sd/-
Aklila S
Company Secretary

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF THINKSOFT GLOBAL SERVICES LIMITED. S

Thinksoft IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Thinksoft IPO?

    Check the basis of allotment document above to know about how the shares are allocated in Thinksoft IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).
  2. 2. What is Thinksoft IPO basis of allotment status?

    The Thinksoft IPO basis of allotment (published above) tells you how shares are allocated to you in Thinksoft IPO and category wise demand of IPO share.

    Visit the Thinksoft IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Thinksoft IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Thinksoft IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).
{Feedback}







Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App