Bookbuilding IPO | ₹444 Cr | Listed at BSE, NSE | Mon, Jan 29, 2007 - Fri, Feb 2, 2007
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 per share. The lot size for an application is 100. The minimum amount of investment required by an retail is ₹6,400 (100 shares) (based on upper price). 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 Open
Mon, Jan 29, 2007
IPO Close
Fri, Feb 2, 2007
Issue Price
₹64 per share
Market Cap (Pre-IPO)
₹2,664.07 Cr
| IPO Date | 29 Jan to 2 Feb, 2007 |
| Listed on | Thu, Feb 22, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹54 to ₹64 |
| Issue Price | ₹64 per share |
| Lot Size | 100 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 6,93,00,000 shares (agg. up to ₹444 Cr) |
| Fresh Issue | 6,00,00,000 shares (agg. up to ₹384 Cr) |
| Offer for Sale | 93,00,000 shares of ₹10 (agg. up to ₹60 Cr) |
| Share Holding Pre Issue | 35,62,61,048 shares |
| Share Holding Post Issue | 41,62,61,048 shares |
| BSE Script Code / NSE Symbol | 532809 / FSL |
| ISIN | INE684F01012 |
Firstsource Solutions IPO comprises a total issue size of 6,93,00,000 shares. The net offer to the public is 6,81,00,000 shares, after excluding 12,00,000 shares under a preferential allotment. Of the Net offer 4,08,60,000 (60.00%) are allocated to QIB, 68,10,000 (10.00%) allocated to NII 2,04,30,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 4,08,60,000 | 60.00% | 58.96% | NA |
| NII (HNI) Shares Offered | 68,10,000 | 10.00% | 9.83% | NA |
| Retail Shares Offered | 2,04,30,000 | 30.00% | 29.48% | 2,04,300 |
| Preferential Reservations | ||||
| Employee Shares Offered | 12,00,000 | 1.73% | NA | |
| Total Shares Offered | 6,93,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 100 shares and in multiples thereof.
| 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 |
| 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 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | |
|---|---|
| RoNW | 5.71% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 32.41% | 25.5% |
| Market Cap | ₹2,664.07 Cr. |
The Firstsource IPO is subscribed 50.07 times on February 2, 2007 5:00:00 PM (Day 4). The public issue subscribed 11.54 times in the retail category, 72.29 times in the QIB category, and 40.78 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fee and underwriting commissions | 9.70 |
| 2 | Advertising and marketing expenses | 3.59 |
| 3 | Printing and stationery | 4.35 |
| 4 | Others (Registrars fee, legal fee, etc.) | 5.48 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹64.00 | ₹64.00 |
| Open | ₹75.10 | ₹90.10 |
| Low | ₹75.10 | ₹76.55 |
| High | ₹88.90 | ₹90.10 |
| Last Trade | ₹79.60 | ₹79.55 |
Firstsource Solutions IPO is a main-board IPO of 6,93,00,000 equity shares of the face value of ₹10 aggregating up to ₹444 Crores. The issue is priced at ₹64 per share. The minimum order quantity is 100.
The IPO opens on Mon, Jan 29, 2007, and closes on Fri, Feb 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 Mon, Jan 29, 2007 and closes on Fri, Feb 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 Thu, Feb 22, 2007.
