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Intrasoft Technologies IPO is a book build issue of ₹53.65 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹53.65 crore.
Intrasoft Technologies IPO bidding started from Mar 23, 2010 and ended on Mar 26, 2010. The shares got listed on BSE on Apr 12, 2010.
Intrasoft Technologies IPO price band is set at ₹145.00 per share . The lot size for an application is 40. The minimum amount of investment required by an retail is ₹5,480 (40 shares). The lot size investment for sNII is 35 lots (1,400 shares), amounting to ₹2,03,000, and for bNII, it is 173 lots (6,920 shares), amounting to ₹10,03,400.
Anand Rathi Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Intrasoft Technologies IPO RHP for detailed Information.
| IPO Date | March 23, 2010 to March 26, 2010 |
| Listing Date | April 12, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹137 to ₹145 per share |
| Issue Price Final | ₹145 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,00,000 shares (aggregating up to ₹53.65 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Share Holding Pre Issue | 1,10,31,678 shares |
| Share Holding Post Issue | 1,47,31,678 shares |
Intrasoft IPO offers total 37,00,000 shares. Out of which 18,50,000 (50.00%) allocated to QIB, 5,55,000 (15.00%) allocated to NII, 12,95,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 18,50,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 5,55,000 (15.00%) | NA |
| Retail Shares Offered | 12,95,000 (35.00%) | 32,375 |
| Total Shares Offered | 37,00,000 (100.00%) |
Intrasoft Technologies IPO opens on March 23, 2010, and closes on March 26, 2010.
| IPO Open Date | Tue, Mar 23, 2010 |
| IPO Close Date | Fri, Mar 26, 2010 |
| Tentative Listing Date | Mon, Apr 12, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 26, 2010 |
Investors can bid for a minimum of 40 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 | 40 | ₹5,800 |
| Retail (Max) | 34 | 1,360 | ₹1,97,200 |
| S-HNI (Min) | 35 | 1,400 | ₹2,03,000 |
| S-HNI (Max) | 172 | 6,880 | ₹9,97,600 |
| B-HNI (Min) | 173 | 6,920 | ₹10,03,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Update as of 10 Sept 2017 - Intrasoft technologies Limited is now operating in E-Commerce/Online Retail. The present Industry Sector is "Internet & Catalogue Retail". Intrasoft Technologies Limited is operating through its Wholly Owned E-Commerce Subsidiary 123Stores, Inc. USA and focuses on the US Online Retail market and was ranked as the 223 among largest Internet Retailer in USA on the Internet Retailers 2017 Top 500 list and ranked #689 in Inc. 5,000 list of fastest growing private US Companies published in 2017. The Company ( 123Stores Inc.) has strategic partnerships with Amazon.com & Ebay.com and others to sell its products to their customers, similar to a shop-in-shop format.
Incorporated in 1996, Intrasoft Technologies Limited provides electronic greeting card services through website, www.123greetings.com. 123greetings is the largest electronic greeting cards website in India and 2nd largest in the world.
123greetings has range of over 20,000 electronic greeting cards designed to cater to varying geographical and religious celebrations, occasions and other events.
Company has a team consisting of 16 creative professionals who develop in-house content including artistic, photographic and musical content for its electronic greeting cards.
Company doesn't charge its users for accessing and sending electronic greetings and derive its revenues almost entirely from online advertising revenues and software development services.
| Particulars | For the year/period ended (Rs. in Lakhs) | ||||
| 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 2,335.15 | 2,017.86 | 1,727.68 | 1,640.95 | 1,493.60 |
| Profit After Tax (PAT) | 532.82 | 442.00 | 327.71 | 188.97 | 213.48 |
| KPI | Values |
|---|---|
| RoNW | 14.41% |
The Company Intrasoft 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 | Branding and Promotion | 201.56 |
| 2 | Purchasing a corporate office at Kolkata | 130.00 |
| 3 | Investment in technology infrastructure | 20.00 |
| 4 | General corporate purposes | 132.34 |
CARE has assigned an IPO Grade 3 to Intrasoft Technologies Limited IPO. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CARE IPO Grading Document for Intrasoft Technologies Limited
| Listing Date | April 12, 2010 |
| BSE Script Code | 533181 |
| NSE Symbol | ISFT |
| ISIN | INE566K01011 |
| Final Issue Price | ₹145 per share |
| BSE Listing Group | B |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹145.00 |
| Open | ₹140.00 |
| Low | ₹123.30 |
| High | ₹167.15 |
| Last Trade | ₹159.35 |
Intrasoft Technologies Ltd.
Fifth Floor, No.145,
Rash Behari Avenue,
Kolkata 700 029, West Bengal, India
Kolkata, West Bengal
Phone: +91 33 2464 3306
Email: ipo@itlindia.com
Website: http://www.itlindia.com/investor-relations
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: intrasoft.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Intrasoft Technologies IPO is a main-board IPO of 37,00,000 equity shares of the face value of ₹10 aggregating up to ₹53.65 Crores. The issue is priced at ₹145 per share. The minimum order quantity is 40.
The IPO opens on March 23, 2010, and closes on March 26, 2010.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Intrasoft Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Intrasoft Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Intrasoft Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Intrasoft Technologies IPO opens on March 23, 2010 and closes on March 26, 2010.
Intrasoft Technologies IPO lot size is 40, and the minimum amount required for application is ₹5,800.
You can apply in Intrasoft 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 Intrasoft Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Intrasoft Technologies IPO allotment status.
The Intrasoft Technologies IPO listing date is on Monday, April 12, 2010.
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