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GSS America Infotech Ltd IPO Listing date and info:
IPO Listing Date: Friday, March 7, 2008
BSE Script Code: 532951
NSE Symbol: GSSAMERICA
Listing in: ‘B' Group of Securities
ISIN: INE871H01011
Issue Price: Rs 400/- Per Equity Share
Face Value: Rs 10/- Per Equity Share
IPO Allotment Status is now available online for GSS America Infotech Ltd (GSS) IPO.
GSS America Infotech Ltd IPO was open on February 11, 2008 and closed on February 15, 2008. IPO was oversubscribed by 1.08 times (0.1984 times in retail).
GSS America Infotech Ltd (GSS) IPO oversubscribed by 1.08 times. Non Institutional category oversubscribed around 3.4991 times while Qualified Institutional Buyers (QIBs) quota oversubscribed around 1.0629 times.
Retail Individual Investors (RIIs) category oversubscribed 0.1984 times and Employees category oversubscribed 0.0206 times.
GSS America Infotech Ltd IPO - Final bid details (information from NSE Website)
| Sr.No. | Category | No.of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
| 1 | Qualified Institutional Buyers (QIBs) | 1670000 | 1774980 | 1.0629 |
| 1(a) | Foreign Institutional Investors (FIIs) | 1749990 | ||
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | 0 | ||
| 1(c) | Mutual Funds | 0 | ||
| 1(d) | Others | 24990 | ||
| 2 | Non Institutional Investors | 501000 | 1753035 | 3.4991 |
| 2(a) | Corporates | 1102815 | ||
| 2(b) | Individuals (Other than RIIs) | 550320 | ||
| 2(c) | Others | 99900 | ||
| 3 | Retail Individual Investors (RIIs) | 1169000 | 231945 | 0.1984 |
| 3(a) | Cut Off | 212235 | ||
| 3(b) | Price Bids | 19710 | ||
| 4 | Employee Reservation | 157495 | 3240 | 0.0206 |
| 4(a) | Cut Off | 0 | ||
| 4(b) | Price Bids | 3240 |
Incorporated in 1999, GSS America Infotech Ltd (GSS) is a leading Global IT Services company, focused on providing scalable and cost-effective IT solutions using Global Delivery Model. Expertise in IT Consulting, Enterprise Application Integration, and IT Infrastructure Management, GSS America has established itself as a leading provider of IT services that transform company performance and operational effectiveness.
GSS America Infotech Ltd (GSS) is entering in the capital markets with an initial public offering, IPO of 34,97,495 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs. 400/- at lower level and Rs. 440/- at upper level for equity share of Rs. 10/-. The issue opens on Feb 11, 2008, and closes for subscription on Feb 15, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The GSS America Infotech IPO is proposed to open on February 11, 2008. The IPO application ends on February 15, 2008.
Retail investors can apply in the retail or non-institutional investor category from February 11, 2008 to February 15, 2008. The GSS America Infotech IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).
The GSS America Infotech IPO will open for subscription on February 11, 2008. The public issue will close on February 15, 2008.
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