Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Thu, May 14, 2015 - Wed, May 20, 2015
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, May 14, 2015
IPO Close
Wed, May 20, 2015
Issue Price
₹14 per share
Market Cap (Pre-IPO)
₹17.29 Cr
| IPO Date | 14 to 20 May, 2015 |
| Listed on | Tue, Jun 2, 2015 |
| Face Value | ₹10 per share |
| Issue Price | ₹14 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 33,10,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 1,80,000 shares MSB E-Trade Securities Ltd. (agg. up to ₹0.2520 Cr) |
| Fresh Issue (Ex Market Maker) | 31,30,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 31,30,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 90,70,000 shares |
| Share Holding Post Issue | 1,23,50,000 shares |
| BSE Script Code | 539169 |
| ISIN | INE105R01013 |
Funny Software IPO comprises a total issue size of 32,80,000 shares. The net offer to the public is 31,00,000 shares, after excluding 1,80,000 shares allotted on a firm basis. Of the Net offer 15,50,000 (50.00%) allocated to NII 15,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 15,50,000 | 50.00% | 47.26% |
| Retail Shares Offered | 15,50,000 | 50.00% | 47.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,80,000 | 5.49% | |
| Total Shares Offered | 32,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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 |
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.
| 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 | 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 |
| KPI | |
|---|---|
| RoNW | 0.77% |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 350 | |
| Promoter Holding | 35.69% | 26.21% |
| Market Cap | ₹17.29 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees, selling commissions, brokerages, and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.25 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.04 |
| 3 | Advertisement & Marketing Expenses | 0.04 |
| 4 | Regulatory & other expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹14.00 |
| Open | ₹13.50 |
| Low | ₹13.50 |
| High | ₹13.50 |
| Last Trade | ₹13.50 |
Lead Manager Reports
Funny Software IPO is a SME IPO of 33,10,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹14 per share. The minimum order quantity is 10000.
The IPO opens on Thu, May 14, 2015, and closes on Wed, 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 Thu, May 14, 2015 and closes on Wed, 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 Tue, Jun 2, 2015.
