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Firstsource Solutions IPO is a book build issue of ₹443.52 crores. The issue is a combination of fresh issue of 6.00 crore shares aggregating to ₹384.00 crores and offer for sale of 0.93 crore shares aggregating to ₹59.52 crores.
Firstsource Solutions IPO bidding started from Jan 29, 2007 and ended on Feb 2, 2007. The shares got listed on BSE, NSE on Feb 22, 2007.
Firstsource Solutions IPO price band is set at ₹64.00 per share . The lot size for an application is 100. The minimum amount of investment required by an retail is ₹5,400 (100 shares). The lot size investment for sNII is 32 lots (3,200 shares), amounting to ₹2,04,800, and for bNII, it is 157 lots (15,700 shares), amounting to ₹10,04,800.
The issue includes a reservation of up to 12,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Deutsche Equities India Pvt.Ltd. is the book running lead manager and Sharepro Services Pvt.Ltd. is the registrar of the issue.
Refer to Firstsource Solutions IPO RHP for detailed Information.
| IPO Date | January 29, 2007 to February 2, 2007 |
| Listing Date | February 22, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹54 to ₹64 per share |
| Issue Price Final | ₹64 per share |
| Lot Size | 100 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 6,93,00,000 shares (aggregating up to ₹443.52 Cr) |
| Fresh Issue | 6,00,00,000 shares (aggregating up to ₹384.00 Cr) |
| Offer for Sale | 93,00,000 shares of ₹10 (aggregating up to ₹59.52 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 35,62,61,048 shares |
| Share Holding Post Issue | 41,62,61,048 shares |
Firstsource IPO offers total 6,93,00,000 shares. Out of which 4,08,60,000 (58.96%) allocated to QIB, 68,10,000 (9.83%) allocated to NII, 2,04,30,000 (29.48%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 4,08,60,000 (58.96%) | NA |
| NII (HNI) Shares Offered | 68,10,000 (9.83%) | NA |
| Retail Shares Offered | 2,04,30,000 (29.48%) | 2,04,300 |
| Employee Shares Offered | 12,00,000 (1.73%) | NA |
| Total Shares Offered | 6,93,00,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Firstsource Solutions IPO opens on January 29, 2007, and closes on February 2, 2007.
| IPO Open Date | Mon, Jan 29, 2007 |
| IPO Close Date | Fri, Feb 2, 2007 |
| Tentative Listing Date | Thu, Feb 22, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 2, 2007 |
Investors can bid for a minimum of 100 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹6,400 |
| Retail (Max) | 31 | 3,100 | ₹1,98,400 |
| S-HNI (Min) | 32 | 3,200 | ₹2,04,800 |
| S-HNI (Max) | 156 | 15,600 | ₹9,98,400 |
| B-HNI (Min) | 157 | 15,700 | ₹10,04,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Firstsource Solutions Ltd (formally ICICI OneSource) is a leading provider of offshore BPO services to clients primarily in the BFSI, telecommunications and media, and healthcare industries.
Firstsource provide a comprehensive range of services to clients in each of our focus industries, including:
1. BFSI: customer acquisition, accounts set-up, customer service and account maintenance, dispute resolution, mortgage origination and servicing, insurance policy issuance and administration, payment processing, collections, research and analytics.
2. Telecommunications and media: customer acquisition, provisioning and fulfillment support, customer service, billing support, dispute resolution, churn management and collections.
3. Healthcare: mail and document management, claims processing, claims pricing, claims adjudication and healthcare provider database maintenance.
More facts:
1. Total income has grown at a compound annual growth rate of 74.4% from Rs. 1,807.8 million in fiscal 2004 to Rs. 5,499.2 million in fiscal 2006.
2. Has 17 delivery centers including eleven in India, three in the United States, two in the United Kingdom and one in Argentina with around 10,000 employees.
The Company Firstsource IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Acquisitions | 180.00 |
| 2 | Setting up of new facilities | 46.29 |
| 3 | Repayment of a loan of the Company | 45.00 |
| 4 | General corporate purposes | 89.59 |
| Listing Date | February 22, 2007 |
| BSE Script Code | 532809 |
| NSE Symbol | FSL |
| ISIN | INE684F01012 |
| Final Issue Price | ₹64 per share |
| BSE Listing Group | B1 |
Firstsource Solutions Ltd.
6th Floor, Peninsula Chambers,
Peninsula Corporate Park,
Ganpatrao Kadam Marg,
Mumbai, Maharashtra, 400013
Phone: +91 22 66660888
Email: ipo@icicionesource.com
Website: http://www.icicionesource.com
Sharepro Services Pvt.Ltd.
Phone: 9999999999
Email: ipofirstsource@shareproservices.com
Website:
Firstsource Solutions IPO is a main-board IPO of 6,93,00,000 equity shares of the face value of ₹10 aggregating up to ₹443.52 Crores. The issue is priced at ₹64 per share. The minimum order quantity is 100.
The IPO opens on January 29, 2007, and closes on February 2, 2007.
Sharepro Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Firstsource Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Firstsource Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Firstsource Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Firstsource Solutions IPO opens on January 29, 2007 and closes on February 2, 2007.
Firstsource Solutions IPO lot size is 100, and the minimum amount required for application is ₹6,400.
You can apply in Firstsource Solutions 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 Firstsource Solutions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Firstsource Solutions IPO allotment status.
The Firstsource Solutions IPO listing date is on Thursday, February 22, 2007.
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