Bookbuilding IPO | ₹54 Cr | Listed at BSE | Tue, Mar 23, 2010 - Fri, Mar 26, 2010
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 per share. The lot size for an application is 40. The minimum amount of investment required by an retail is ₹5,800 (40 shares) (based on upper price). 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 Open
Tue, Mar 23, 2010
IPO Close
Fri, Mar 26, 2010
Issue Price
₹145 per share
Market Cap (Pre-IPO)
₹213.61 Cr
| IPO Date | 23 to 26 Mar, 2010 |
| Listed on | Mon, Apr 12, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹137 to ₹145 |
| Issue Price | ₹145 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Total Issue Size | 37,00,000 shares (agg. up to ₹54 Cr) |
| Fresh Issue | 37,00,000 shares (agg. up to ₹54 Cr) |
| Share Holding Pre Issue | 1,10,31,678 shares |
| Share Holding Post Issue | 1,47,31,678 shares |
| BSE Script Code | 533181 ISFT |
| ISIN | INE566K01011 |
Intrasoft Technologies IPO comprises a total issue size of 37,00,000 shares. Out of which, 18,50,000 (50.00%) are allocated to QIB, 5,55,000 (15.00%) allocated to NII 12,95,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 40 shares and in multiples thereof.
| 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 |
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.
| 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 | Branding and Promotion | 20.16 |
| 2 | Purchasing a corporate office at Kolkata | 13.00 |
| 3 | Investment in technology infrastructure | 2.00 |
| 4 | General corporate purposes | 13.23 |
| KPI | |
|---|---|
| RoNW | 14.41% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 79.32% | |
| Market Cap | ₹213.61 Cr. |
The Intrasoft IPO is subscribed 18.95 times on March 26, 2010 6:00:00 PM (Day 3). The public issue subscribed 13.51 times in the retail category, 21.97 times in the QIB category, and 21.6 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 21.97 | 18,50,000 | |
| NII | 21.6 | 5,55,000 | |
| Retail | 13.51 | 12,95,000 | |
| Total | 18.95 | 37,00,000 |
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
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fee and underwriting commissions | 2.07 |
| 2 | Advertising and marketing expenses | 1.10 |
| 3 | Printing and stationery | 0.65 |
| 4 | IPO Grading Fees | 0.03 |
| 5 | Registrar’s Fees | 0.18 |
| 6 | Fees to the Legal Advisors | 0.48 |
| 7 | Others (Bankers to the Issue, Stock Exchange Fees, SEBI Fees, etc.) | 0.76 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹145.00 |
| Open | ₹140.00 |
| Low | ₹123.30 |
| High | ₹167.15 |
| Last Trade | ₹159.35 |
Lead Manager Reports
Intrasoft Technologies IPO is a main-board IPO of 37,00,000 equity shares of the face value of ₹10 aggregating up to ₹54 Crores. The issue is priced at ₹145 per share. The minimum order quantity is 40.
The IPO opens on Tue, Mar 23, 2010, and closes on Fri, Mar 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 Tue, Mar 23, 2010 and closes on Fri, Mar 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 Mon, Apr 12, 2010.
