Bookbuilding IPO | ₹48 Cr | Listed at BSE, NSE | Tue, Jul 14, 2009 - Fri, Jul 17, 2009
Excel Infoways IPO is a book build issue of ₹48.17 crores. The issue is entirely a fresh issue of 0.57 crore shares of ₹48.17 crore.
Excel Infoways IPO bidding started from Jul 14, 2009 and ended on Jul 17, 2009. The shares got listed on BSE, NSE on Aug 3, 2009.
Excel Infoways IPO price band is set at ₹85 per share. The lot size for an application is 80. The minimum amount of investment required by an retail is ₹6,800 (80 shares) (based on upper price). The lot size investment for sNII is 30 lots (2,400 shares), amounting to ₹2,04,000, and for bNII, it is 148 lots (11,840 shares), amounting to ₹10,06,400.
Chartered Capital & Investment Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Excel Infoways IPO RHP for detailed Information.
IPO Open
Tue, Jul 14, 2009
IPO Close
Fri, Jul 17, 2009
Issue Price
₹85 per share
Market Cap (Pre-IPO)
₹179.93 Cr
| IPO Date | 14 to 17 Jul, 2009 |
| Listed on | Mon, Aug 3, 2009 |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹85 |
| Issue Price | ₹85 per share |
| Lot Size | 80 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 56,67,079 shares (agg. up to ₹48 Cr) |
| Fresh Issue | 56,67,079 shares (agg. up to ₹48 Cr) |
| Share Holding Pre Issue | 1,55,01,700 shares |
| Share Holding Post Issue | 2,11,68,700 shares |
| BSE Script Code / NSE Symbol | 533090 / EXCEL |
| ISIN | INE688J01015 |
Excel Infoways IPO comprises a total issue size of 56,67,000 shares. Out of which, 28,33,500 (50.00%) are allocated to QIB, 8,50,050 (15.00%) allocated to NII 19,83,450 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 28,33,500 | 50.00% | NA |
| NII (HNI) Shares Offered | 8,50,050 | 15.00% | NA |
| Retail Shares Offered | 19,83,450 | 35.00% | 24,793 |
| Total Shares Offered | 56,67,000 | 100.00% |
Investors can bid for a minimum of 80 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹6,800 |
| Retail (Max) | 29 | 2,320 | ₹1,97,200 |
| S-HNI (Min) | 30 | 2,400 | ₹2,04,000 |
| S-HNI (Max) | 147 | 11,760 | ₹9,99,600 |
| B-HNI (Min) | 148 | 11,840 | ₹10,06,400 |
Incorporated in 2003, Excel Infoways Ltd is an ISO 27001:2005 certified Company. Excel Infoways Limited is a leading customer contact centre providing Voice Based Services in the areas of Collections, Telemarketing and Customer Care. Excel Infoways offer a range of customer care services including outbound sales and Marketing, voice, email response, real-time chat, knowledge management, eCRM architecture.
Excel Infoways Ltd is a BPO (Business Process Outsourcing) & Customer Contact Center based in India and registered member of NASSCOM. Excel provide BPO service mostly to clients in the United States and the United Kingdom. Company presently have facility at Andheri (W) in Mumbai aggregating 150 seats and planning to set up a 300-seat facility in Mumbai at Borivali (W ) and Kandivali- Charkop in Financial Year 2009-2010.
| Period Ended |
|---|
| Amount in ₹ Crore |
| KPI | |
|---|---|
| RoNW | 27.99% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 96.3% | 70.52% |
| Market Cap | ₹179.93 Cr. |
The Excel Infoways IPO is subscribed 1.97 times on July 17, 2009 5:00:00 PM (Day 4). The public issue subscribed 2.64 times in the retail category, 0.49 times in the QIB category, and 5.31 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.49 | 28,33,500 | |
| NII | 5.31 | 8,50,050 | |
| Retail | 2.64 | 19,83,450 | |
| Total | 1.97 | 56,67,000 |
CARE has assigned an IPO Grade 1 to Excel Infoways Limited IPO. This means as per CARE, company has Poor fundamentals. CARE 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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fees, underwriting and selling commission | 1.74 |
| 2 | Advertising and marketing expenses | 0.30 |
| 3 | Printing and stationery, including transportation costs | 0.45 |
| 4 | Others (Registrar’s fee, listing fees etc.) | 1.46 |
| 5 | Fees payable to Rating Agency | 0.05 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹85.00 | ₹85.00 |
| Open | ₹93.05 | ₹86.00 |
| Low | ₹91.80 | ₹86.00 |
| High | ₹102.40 | ₹110.00 |
| Last Trade | ₹95.65 | ₹95.85 |
Lead Manager Reports
Excel Infoways IPO is a main-board IPO of 56,67,079 equity shares of the face value of ₹10 aggregating up to ₹48 Crores. The issue is priced at ₹85 per share. The minimum order quantity is 80.
The IPO opens on Tue, Jul 14, 2009, and closes on Fri, Jul 17, 2009.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Excel Infoways IPO using UPI as a payment gateway. Zerodha customers can apply in Excel Infoways IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Excel Infoways IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Excel Infoways IPO opens on Tue, Jul 14, 2009 and closes on Fri, Jul 17, 2009.
Excel Infoways IPO lot size is 80, and the minimum amount required for application is ₹6,800.
You can apply in Excel Infoways 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 Excel Infoways IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Excel Infoways IPO allotment status.
The Excel Infoways IPO listing date is on Mon, Aug 3, 2009.
