Bookbuilding IPO | ₹230 Cr | Listed at BSE, NSE | Wed, Mar 30, 2005 - Mon, Apr 4, 2005
3I Infotech IPO is a book build issue of ₹230.00 crores. The issue is entirely a fresh issue of 2.30 crore shares of ₹230.00 crore.
3I Infotech IPO bidding started from Mar 30, 2005 and ended on Apr 4, 2005. The shares got listed on NSE and BSE on May 26, 2005.
3I Infotech IPO is set final issue price at ₹100 per share.
JM Morgan Stanley Pvt.Ltd. is the book running lead manager and MCS Share Transfer Agent Ltd. is the registrar of the issue.
Refer to 3I Infotech IPO DRHP for detailed Information.
IPO Open
Wed, Mar 30, 2005
IPO Close
Mon, Apr 4, 2005
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹540.03 Cr
| IPO Date | 30 Mar to 4 Apr, 2005 |
| Listed on | Thu, May 26, 2005 |
| Face Value | ₹10 per share |
| Price Band | ₹90 to ₹100 |
| Issue Price | ₹100 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,30,00,000 shares (agg. up to ₹230 Cr) |
| Fresh Issue | 2,30,00,000 shares (agg. up to ₹230 Cr) |
| Share Holding Pre Issue | 3,10,02,841 shares |
| Share Holding Post Issue | 5,40,02,841 shares |
| BSE Script Code / NSE Symbol | 532628 / 3IINFOLTD |
| ISIN | INE748C01038 |
3I Infotech IPO comprises a total issue size of 2,30,00,000 shares. The net offer to the public is 2,26,00,000 shares, after excluding 4,00,000 shares under a preferential allotment. Of the Net offer 1,13,00,000 (50.00%) are allocated to QIB, 33,90,000 (15.00%) allocated to NII 79,10,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 1,13,00,000 | 50.00% | 49.13% |
| NII (HNI) Shares Offered | 33,90,000 | 15.00% | 14.74% |
| Retail Shares Offered | 79,10,000 | 35.00% | 34.39% |
| Preferential Reservations | |||
| Employee Shares Offered | 4,00,000 | 1.74% | |
| Total Shares Offered | 2,30,00,000 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
Incorporated in 1993 as a wholly-owned subsidiary of ICICI Limited, 3i Infotech Limited is engaged in providing a range of information technology solutions to companies worldwide, with a primary focus on the banking, insurance and financial services industries. The company was formerly known as ICICI Infotech Limited and adopted its current name with effect from January 20, 2005.
The company operates two primary lines of business — a Products Business comprising proprietary software solutions for the banking, insurance and financial services industries as well as enterprise resource planning solutions, and a Services Business comprising custom software development, deployment, maintenance, IT infrastructure management and business process outsourcing services. Its key product suites include banking solutions such as NEWTON, Kastle, Pinnacle and Riskfree, the PREMIA suite for insurance management, and the ORION suite for enterprise resource planning across manufacturing, retail and distribution industries.
3i Infotech operates through three global development centres located at Vashi (near Mumbai), Bangalore and Chennai, and maintains wholly-owned subsidiaries in Singapore, Malaysia, the United States and Australia, along with sales offices in the United Kingdom and the Middle East. Its products have been licensed in more than 30 countries and its software solutions business is assessed at SEI CMM Level 5 and holds ISO 9001:2000 certification.
As of December 31, 2004, the company serviced over 500 active customers across more than 30 countries, with key clients including ICICI Bank, Emirates Bank, Standard Chartered Bank and Oriental Insurance Company. India contributed 46% of total income for the nine months ended December 31, 2004, with the United States contributing 27% and the Middle East, Africa and Asia-Pacific contributing the balance.
The company had a total workforce of 1,918 employees as of December 31, 2004, supported by a global sales team of over 100 personnel across 15 offices in eight countries.
| Period Ended | 31 Dec 2004 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|
| Assets | 355.36 | 319.35 | 268.21 | 225.35 |
| Total Income | 210.21 | 232.04 | 219.56 | 266.09 |
| Profit After Tax | 16.26 | 4.37 | 11.56 | 3.52 |
| NET Worth | 229.88 | 223.40 | 215.97 | 202.07 |
| Reserves and Surplus | 18.56 | 11.61 | 18.96 | 29.59 |
| Total Borrowing | 125.99 | 94.26 | 47.49 | 10.15 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Redemption of Preference Share Capital | 150.00 |
| 2 | Repayment of Short-term loans and long-term loans | 93.87 |
| 3 | Issue Expenses | 11.32 |
| Total | 255.19 |
| KPI | Dec 31, 2004 | Mar 31, 2004 |
|---|---|---|
| RoNW | 8.45% | |
| Price to Book Value | 3.93 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.41 | 4.02 |
| P/E (x) | 70.96 | 24.9 |
| Promoter Holding | 92.45% | 53.08% |
| Market Cap | ₹540.03 Cr. |
The 3I Infotech IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 5.15 | 2,30,00,000 | 11,83,36,140 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commission(1) | 6.00 |
| 2 | Advertising and Marketing expenses | 1.00 |
| 3 | Printing and stationery | 1.23 |
| 4 | Others (Registrars fee, legal fee, listing fee, etc.) (2) | 3.07 |
| Total | 11.30 |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹100.00 | ₹100.00 |
| Open | ₹96.75 | ₹96.50 |
| Low | ₹96.10 | ₹96.00 |
| High | ₹99.50 | ₹99.50 |
| Last Trade | ₹97.10 | ₹97.30 |
3I Infotech IPO is a main-board IPO of 2,30,00,000 equity shares of the face value of ₹10 aggregating up to ₹230 Crores. The issue is priced at ₹100 per share. The minimum order quantity is .
The IPO opens on Wed, Mar 30, 2005, and closes on Mon, Apr 4, 2005.
MCS Share Transfer Agent Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in 3I Infotech IPO using UPI as a payment gateway. Zerodha customers can apply in 3I Infotech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in 3I Infotech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The 3I Infotech IPO opens on Wed, Mar 30, 2005 and closes on Mon, Apr 4, 2005.
3I Infotech IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in 3I Infotech IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for 3I Infotech IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the 3I Infotech IPO allotment status.
The 3I Infotech IPO listing date is on Thu, May 26, 2005.
