Fixed Price IPO | ₹37 Cr | Listed at NSE SME | Tue, Apr 18, 2017 - Fri, Apr 21, 2017
InfoBeans Technologies IPO is a fixed price issue of ₹36.78 crores. The issue is entirely a fresh issue of 0.63 crore shares of ₹36.78 crore.
InfoBeans Technologies IPO bidding started from Apr 18, 2017 and ended on Apr 21, 2017. The shares got listed on NSE SME on May 2, 2017.
InfoBeans Technologies IPO price is ₹58 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,16,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,32,000.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to InfoBeans Technologies IPO RHP for detailed Information.
IPO Open
Tue, Apr 18, 2017
IPO Close
Fri, Apr 21, 2017
Issue Price
₹58 per share
Market Cap (Pre-IPO)
₹139.29 Cr
| IPO Date | 18 to 21 Apr, 2017 |
| Listed on | Tue, May 2, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹58 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 63,42,000 shares (agg. up to ₹37 Cr) |
| Reserved for Market Maker | 3,18,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 60,24,000 shares (agg. up to ₹35 Cr) |
| Net Offered to Public | 60,24,000 shares (agg. up to ₹35 Cr) |
| Share Holding Pre Issue | 1,76,73,600 shares |
| Share Holding Post Issue | 2,40,15,600 shares |
| NSE Symbol | INFOBEAN |
| ISIN | INE344S01016 |
InfoBeans Technologies IPO comprises a total issue size of 63,42,000 shares. The net offer to the public is 60,24,000 shares, after excluding 3,18,000 shares allotted on a firm basis. Of the Net offer 24,06,000 (39.94%) are allocated to QIB, 6,06,000 (10.06%) allocated to NII 30,12,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 24,06,000 | 39.94% | 37.94% |
| NII (HNI) Shares Offered | 6,06,000 | 10.06% | 9.56% |
| Retail Shares Offered | 30,12,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,18,000 | 5.01% | |
| Total Shares Offered | 63,42,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,16,000 |
| Retail (Max) | 1 | 2,000 | ₹1,16,000 |
| HNI (Min) | 2 | 4,000 | ₹2,32,000 |
Incorporated in 2011, InfoBeans Technologies Ltd (ITL) is software services company which develops and maintains computer software in India and internationally. ITL’s services can be broadly categorized as storage & Virtualization, Media & Publishing and eCommerce.
Company offers automated testing services; enterprise cloud solutions to automate operations, such as IT helpdesk, asset management, enterprise service management, and virtual support workflow; UX and UI design services; and custom application development services, including application development, maintenance and support, migration, re-engineering and modernization, and quality assurance services. They also provides distributed storage systems; publishing services for web, mobile, and print, as well as format conversion services; and e-commerce solutions. In addition, the company offers hard-ware products.
In India it operates out of 2 facilities in Indore and Pune employing more than 600 people across locations. As the company has prominence in exports, it has established local presence in the North American market by way of a 100% subsidiary, which has 2 offices located in California & Georgia, USA. ITL is ServiceNow partner for implementing their software.
| 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 and Other Strategic Initiatives | 14.50 |
| 2 | Technical Development | 8.20 |
| 3 | Investment in the Subsidiaries | 5.00 |
| 4 | Advertising and Sales Promotion | 1.75 |
| 5 | General Corporate Purposes | 5.50 |
| 6 | Issue Expenses | 1.83 |
The InfoBeans Technologies IPO is subscribed [.] times on April 21, 2017 5:00:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] 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 | Payment to Merchant Banker and other intermediaries such as Registrar, Market Makers, Bankers etc. | 0.45 |
| 2 | Regulatory Fees & Legal Expenses | 0.05 |
| 3 | Marketng expenses, Selling Commission and other expenses | 1.33 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹58.00 |
| Open | ₹69.60 |
| Low | ₹69.60 |
| High | ₹69.60 |
| Last Trade | ₹69.60 |
Lead Manager Reports
InfoBeans Technologies IPO is a SME IPO of 63,42,000 equity shares of the face value of ₹10 aggregating up to ₹37 Crores. The issue is priced at ₹58 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Apr 18, 2017, and closes on Fri, Apr 21, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in InfoBeans Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in InfoBeans Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in InfoBeans Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The InfoBeans Technologies IPO opens on Tue, Apr 18, 2017 and closes on Fri, Apr 21, 2017.
InfoBeans Technologies IPO lot size is 2000, and the minimum amount required for application is ₹1,16,000.
You can apply in InfoBeans Technologies 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 InfoBeans Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the InfoBeans Technologies IPO allotment status.
The InfoBeans Technologies IPO listing date is on Tue, May 2, 2017.
