Bookbuilding IPO | ₹140 Cr | Listed at BSE, NSE | Mon, Feb 11, 2008 - Fri, Feb 15, 2008
GSS America Infotech IPO is a book build issue of ₹139.90 crores. The issue is entirely a fresh issue of 0.35 crore shares of ₹139.90 crore.
GSS America Infotech IPO bidding started from Feb 11, 2008 and ended on Feb 15, 2008. The shares got listed on BSE, NSE on Mar 7, 2008.
GSS America Infotech IPO price band is set at ₹400 per share. The lot size for an application is 15. The minimum amount of investment required by an retail is ₹6,600 (15 shares) (based on upper price). The lot size investment for sNII is 34 lots (510 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (2,505 shares), amounting to ₹10,02,000.
The issue includes a reservation of up to 1,57,495 shares for employees offered at a discount of ₹0.00 to the issue price.
Religare Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to GSS America Infotech IPO RHP for detailed Information.
IPO Open
Mon, Feb 11, 2008
IPO Close
Fri, Feb 15, 2008
Issue Price
₹400 per share
Market Cap (Pre-IPO)
₹532.00 Cr
| IPO Date | 11 to 15 Feb, 2008 |
| Listed on | Fri, Mar 7, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹400 to ₹440 |
| Issue Price | ₹400 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 34,97,495 shares (agg. up to ₹140 Cr) |
| Fresh Issue | 34,97,495 shares (agg. up to ₹140 Cr) |
| Share Holding Pre Issue | 98,02,505 shares |
| Share Holding Post Issue | 1,33,00,000 shares |
| BSE Script Code / NSE Symbol | 532951 / GSS |
| ISIN | INE871H01011 |
GSS America Infotech IPO comprises a total issue size of 34,97,495 shares. The net offer to the public is 33,40,000 shares, after excluding 1,57,495 shares under a preferential allotment. Of the Net offer 16,70,000 (50.00%) are allocated to QIB, 5,01,000 (15.00%) allocated to NII 11,69,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 16,70,000 | 50.00% | 47.75% | NA |
| NII (HNI) Shares Offered | 5,01,000 | 15.00% | 14.32% | NA |
| Retail Shares Offered | 11,69,000 | 35.00% | 33.42% | 77,933 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,57,495 | 4.50% | NA | |
| Total Shares Offered | 34,97,495 | 100.00% | 100.00% | |
Investors can bid for a minimum of 15 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹6,000 |
| Retail (Max) | 33 | 495 | ₹1,98,000 |
| S-HNI (Min) | 34 | 510 | ₹2,04,000 |
| S-HNI (Max) | 166 | 2,490 | ₹9,96,000 |
| B-HNI (Min) | 167 | 2,505 | ₹10,02,000 |
| 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 |
Incorporated in 1999, GSS America Infotech Ltd (GSS) is a leading Global IT Services company, focused on providing scalable and cost-effective IT solutions using Global Delivery Model.
Expertise in IT Consulting, Enterprise Application Integration, and IT Infrastructure Management, GSS America has established itself as a leading provider of IT services that transform company performance and operational effectiveness.
Microsoft, TIBCO, BEA are company's key technology partners. GSS Client's includes Ernst & Young, Blue Cross Blue Shield of NC, BMC Software, Kelly Services, Thomson, Aurora Healthcare, WR Grace & Co, TDS Telecom, Pepsi Co, etc. As a strategy to de-risk, the Company has diversified its portfolio of service offerings by acquiring profit making IT services companies in USA. GSS have software solutions design / development centres and marketing offices in Chicago U.S.A. and Global Delivery Centres in Hyderabad, India.
| 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 | Setting Up Gobal Delivery Centre- Land & Building | 48.00 |
| 2 | Interiors | 6.86 |
| 3 | Equipments and Networking | 2.73 |
| 4 | Computers | 66.10 |
| 5 | Setting up of overseas offices | 9.81 |
| 6 | Working Capital | 25.00 |
| 7 | Acquisitions | 30.00 |
| 8 | Issue Expenses | 16.59 |
| KPI | |
|---|---|
| RoNW | 43.31% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 65.98% | 48.63% |
| Market Cap | ₹532.00 Cr. |
The GSS America Infotech IPO is subscribed 1.08 times on February 15, 2008 5:00:00 PM (Day 5). The public issue subscribed 0.2 times in the retail category, 1.06 times in the QIB category, and 3.5 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 Fees | 0.00 |
| 2 | Underwriting Commission | 0.00 |
| 3 | Selling Commission | 0.00 |
| 4 | Advertisement and Marketing expenses | 0.00 |
| 5 | Printing and Stationery | 0.00 |
| 6 | Registrar to the Issue | 0.00 |
| 7 | Others (legal fee, listing fee, etc) | 0.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹400.00 | ₹400.00 |
| Open | ₹400.00 | ₹380.00 |
| Low | ₹400.00 | ₹370.00 |
| High | ₹508.35 | ₹540.00 |
| Last Trade | ₹500.65 | ₹500.80 |
Lead Manager Reports
GSS America Infotech IPO is a main-board IPO of 34,97,495 equity shares of the face value of ₹10 aggregating up to ₹140 Crores. The issue is priced at ₹400 per share. The minimum order quantity is 15.
The IPO opens on Mon, Feb 11, 2008, and closes on Fri, Feb 15, 2008.
Bigshare 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 GSS America Infotech IPO using UPI as a payment gateway. Zerodha customers can apply in GSS America Infotech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in GSS America Infotech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The GSS America Infotech IPO opens on Mon, Feb 11, 2008 and closes on Fri, Feb 15, 2008.
GSS America Infotech IPO lot size is 15, and the minimum amount required for application is ₹6,000.
You can apply in GSS America Infotech 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 GSS America Infotech IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the GSS America Infotech IPO allotment status.
The GSS America Infotech IPO listing date is on Fri, Mar 7, 2008.
