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Funny Software IPO is a fixed price issue of ₹4.63 crores. The issue is entirely a fresh issue of 0.33 crore shares of ₹4.63 crore.
Funny Software IPO bidding started from May 14, 2015 and ended on May 20, 2015. The shares got listed on BSE SME on Jun 2, 2015.
Funny Software IPO price is ₹14.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (10000 shares). The minimum lot size investment for HNI is 2 lots (20,000 shares), amounting to ₹2,80,000.
First Overseas Capital Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is MSB E-Trade Securities Ltd..
Refer to Funny Software IPO RHP for detailed Information.
| IPO Date | May 14, 2015 to May 20, 2015 |
| Listing Date | June 2, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹14 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 33,10,000 shares (aggregating up to ₹4.63 Cr) |
| Reserved for Market Maker | 1,80,000 shares MSB E-Trade Securities Ltd. (aggregating up to ₹0.2520 Cr) |
| Net Offered to Public | 31,30,000 shares (aggregating up to ₹4.38 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 90,70,000 shares |
| Share Holding Post Issue | 1,23,50,000 shares |
Funny Software IPO offers total 32,80,000 shares. Out of which 15,50,000 (47.26%) allocated to NII, 15,50,000 (47.26%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,80,000 (5.49%) |
| NII (HNI) Shares Offered | 15,50,000 (47.26%) |
| Retail Shares Offered | 15,50,000 (47.26%) |
| Total Shares Offered | 32,80,000 (100.00%) |
Funny Software IPO opens on May 14, 2015, and closes on May 20, 2015.
| IPO Open Date | Thu, May 14, 2015 |
| IPO Close Date | Wed, May 20, 2015 |
| Tentative Listing Date | Tue, Jun 2, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, May 20, 2015 |
Investors can bid for a minimum of 10,000 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 | 10,000 | ₹1,40,000 |
| Retail (Max) | 1 | 10,000 | ₹1,40,000 |
| HNI (Min) | 2 | 20,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2007, Funny Software Ltd (FSL) is engaged in the providing IT services, consulting and business solutions organization and delivering results to its valued clients. The company also operates as reseller organization by a team of dynamic professionals with marketing, sales and technical know-how spread across various industries. It predominantly caters to Delhi and nearby markets and act as IT Distribution space. Going forward, FSL plan to increase its product portfolio and also plans to penetrate in new markets.
FSL has a comprehensive portfolio of product offerings covering desktop, laptops, servers, Hard Disk Drives, Scanners, Memory Modules and Cards, USB Drives, Speakers, Optical Media, Casings, Electronic Copy boards, Clear One Audio Conferencing, Elmo Document Camera etc. Its range of products and services consists are: Data processing, Dealing in Desktops, Laptops, Servers, Storage and Software, Imaging Software, Hard Disk Drives / Portable storage Solutions, Scanners, Memory Modules and Cards, USB Drives, Speakers, Optical Media, Casings, SMPS, UPS, Webcams, Keyboards & Mice, Networking of Computers, Advisors and consultants in respect of matters relating to Computer hardware software computer aided Programmes.
The Company Funny Software 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 | To part-finance incremental working capital requirements | 3.00 |
| 2 | To acquire certain fixed assets | 0.35 |
| 3 | General Corporate purpose | 0.89 |
| 4 | Issue Expenses | 0.35 |
[Dilip Davda] <p>On performance front, the company that started its operations in mid 2012-13 earned net profit of Rs. 0.003 crore on a turnover of Rs. 0.85 crore. For fiscal 2013-14 it has marked net profit of Rs. 0.04 crore on a turnover of Rs. 3.38 crore and for first nine months ended 31.12.14 it has earned net profit of Rs. 0.04 crore on a turnover of Rs. 2.76 crore. If we annualized these earnings, then EPS for fiscal would be around Rs.0.06. And post issue its equity of Rs. 9.07 crore will jump to Rs. 12.35 crore that will translate it in to an EPS of Rs. 0.04 indicating for its issue price at a P/E of 350. This issue is highly priced one. Merchant banker has poor track record.</p> <p>We have witnessed erratic movements of SME IPOs post listings despite market making that might have helped in listing gains, but later on regular trading remains a far cry. Due to this and the entry barriers, broking community at large discourages investments in SME IPOs.</p> <p><em>DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. As SME issues have entry barriers and low preference from broking community, any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.</em></p> <p>(Email: <a href="mailto:dilip_davda@rediffmail.com">dilip_davda@rediffmail.com</a>)</p> Read detail review...
| Listing Date | June 2, 2015 |
| BSE Script Code | 539169 |
| NSE Symbol | |
| ISIN | INE105R01013 |
| Final Issue Price | ₹14 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹14.00 |
| Open | ₹13.50 |
| Low | ₹13.50 |
| High | ₹13.50 |
| Last Trade | ₹13.50 |
Funny Software Ltd.
407,
Prabhat Kiran Building,
Rajendra Place,
New Delhi, New Delhi, 110008
Phone: +91 11 42283003
Email: funny_soft@yahoo.com
Website: http://www.funnysoftwarelimited.com
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: admin@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Funny Software IPO is a SME IPO of 33,10,000 equity shares of the face value of ₹10 aggregating up to ₹4.63 Crores. The issue is priced at ₹14 per share. The minimum order quantity is 10000.
The IPO opens on May 14, 2015, and closes on May 20, 2015.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Funny Software IPO using UPI as a payment gateway. Zerodha customers can apply in Funny Software IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Funny Software IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Funny Software IPO opens on May 14, 2015 and closes on May 20, 2015.
Funny Software IPO lot size is 10000, and the minimum amount required for application is ₹1,40,000.
You can apply in Funny Software 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 Funny Software IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Funny Software IPO allotment status.
The Funny Software IPO listing date is on Tuesday, June 2, 2015.
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