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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 ₹400.00 per share . The lot size for an application is 15. The minimum amount of investment required by an retail is ₹6,000 (15 shares). 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 Date | February 11, 2008 to February 15, 2008 |
| Listing Date | March 7, 2008 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹400 to ₹440 per share |
| Issue Price Final | ₹400 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 34,97,495 shares (aggregating up to ₹139.90 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 98,02,505 shares |
| Share Holding Post Issue | 1,33,00,000 shares |
GSS America Infotech IPO offers total 34,97,495 shares. Out of which 16,70,000 (47.75%) allocated to QIB, 5,01,000 (14.32%) allocated to NII, 11,69,000 (33.42%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 16,70,000 (47.75%) | NA |
| NII (HNI) Shares Offered | 5,01,000 (14.32%) | NA |
| Retail Shares Offered | 11,69,000 (33.42%) | 77,933 |
| Employee Shares Offered | 1,57,495 (4.50%) | NA |
| Total Shares Offered | 34,97,495 (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 |
GSS America Infotech IPO opens on February 11, 2008, and closes on February 15, 2008.
| IPO Open Date | Mon, Feb 11, 2008 |
| IPO Close Date | Fri, Feb 15, 2008 |
| Tentative Listing Date | Fri, Mar 7, 2008 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 15, 2008 |
Investors can bid for a minimum of 15 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 | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| KPI | Values |
|---|---|
| RoNW | 43.31% |
The Company GSS America Infotech IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Setting Up Gobal Delivery Centre- Land & Building | 480.00 |
| 2 | Interiors | 68.60 |
| 3 | Equipments and Networking | 27.33 |
| 4 | Computers | 661.04 |
| 5 | Setting up of overseas offices | 98.06 |
| 6 | Working Capital | 250.00 |
| 7 | Acquisitions | 300.00 |
| 8 | Issue Expenses | 165.92 |
| Listing Date | March 7, 2008 |
| BSE Script Code | 532951 |
| NSE Symbol | GSS |
| ISIN | INE871H01011 |
| Final Issue Price | ₹400 per share |
| BSE Listing Group | B |
GSS America Infotech Ltd.
Wing - 2, 3rd Floor, Block B, Cyber Gateway,
Hitech City,
Madhapur
Hyderabad, Telangana, 500081
Phone: +91-40-4002 8700
Email: kishore.avutapalli@gssamerica.com
Website: http://www.gssamerica.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: bighshare@bom7.vsnl.net.in
Website: https://ipo.bigshareonline.com/IPO_Status.html
GSS America Infotech IPO is a main-board IPO of 34,97,495 equity shares of the face value of ₹10 aggregating up to ₹139.90 Crores. The issue is priced at ₹400 per share. The minimum order quantity is 15.
The IPO opens on February 11, 2008, and closes on February 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 February 11, 2008 and closes on February 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 Friday, March 7, 2008.
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