Fixed Price FPO | ₹12 Cr | Listed at BSE | Thu, Mar 23, 2006 - Wed, Mar 29, 2006
Powersoft Global Solutions FPO is a fixed issue price of ₹11.88 crores. The issue is entirely a fresh issue of 0.54 crore shares of ₹11.88 crore.
Powersoft Global Solutions FPO bidding started from Mar 23, 2006 and ended on Mar 29, 2006. The shares got listed on the BSE on Apr 28, 2006.
Powersoft Global Solutions FPO is set final issue price at ₹22 per share.
Keynote Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Powersoft Global Solutions FPO DRHP for detailed Information.
FPO Open
Thu, Mar 23, 2006
FPO Close
Wed, Mar 29, 2006
Issue Price
₹22 per share
Market Cap (Pre-IPO)
₹26.18 Cr
| IPO Date | 23 to 29 Mar, 2006 |
| Listed on | Fri, Apr 28, 2006 |
| Face Value | ₹10 per share |
| Issue Price | ₹22 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price FPO |
| Listing At | BSE |
| Total Issue Size | 54,00,766 shares (agg. up to ₹12 Cr) |
| Reserved for MF/Fis | 10,000 shares (agg. up to ₹0.0220 Cr) |
| Reserved for Private Promoter | 3,00,000 shares (agg. up to ₹0.6600 Cr) |
| Fresh Issue | 50,90,766 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 50,90,766 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 65,00,533 shares |
| Share Holding Post Issue | 1,19,01,299 shares |
| BSE Script Code | 532736 |
| ISIN | INE979C01013 |
Powersoft Global Solutions FPO comprises a total issue size of 50,90,000 shares. The net offer to the public is 23,50,000 shares, after excluding 3,10,000 shares allotted on a firm basis and 24,30,000 shares under a preferential allotment. Of the Net offer 13,30,000 (50.00%) allocated to NII 13,30,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,30,000 | 50.00% | 26.13% |
| Retail Shares Offered | 13,30,000 | 50.00% | 26.13% |
| Preferential Reservations | |||
| Employee Shares Offered | 2,70,000 | 5.30% | |
| Other Shares Offered | 21,60,000 | 42.44% | |
| Firm Reservations | |||
| Mutual Fund Shares Offered | 10,000 | 0.20% | |
| Private Promoter Shares Offered | 3,00,000 | 5.89% | |
| Total Shares Offered | 50,90,000 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII 'OR' NII limits | Yes (EMP/RII) |
Incorporated in November 1992, as Bhandari Food Flavours Ltd., it changed its name to Powersoft Global Solutions Ltd. in 2000 after altering its objects to IT services.
Powersoft Global Solutions Ltd. is a Bangalore-based IT services firm incorporated in 1992, initially for food products before pivoting to software and GIS services .
The company provides custom software development, industrial, and IT consulting services, though it has been listed as "delisted" or having minimal recent regulatory activity on some platforms.
The company focuses on developing customized business technology software, Geographic Information System (GIS) services, and engineering solutions.
The company's services include industrial integrated computer systems, financial communication software, E-commerce development, and IT auditing.
| Period Ended | 30 Sep 2005 | 30 Sep 2004 | 30 Sep 2003 |
|---|---|---|---|
| Total Income | 6.68 | 5.13 | 3.18 |
| Profit After Tax | 1.20 | 0.84 | 0.66 |
| NET Worth | 19.35 | 18.69 | 17.85 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Upgradation of existing infrastructure facilities | 2.62 |
| 2 | Set-up Research and Development Center | 0.80 |
| 3 | International Marketing activities | 2.51 |
| 4 | Investments and acquisitions | 3.00 |
| 5 | Working capital requirement | 2.20 |
| 6 | Public issue expenses | 0.75 |
| Total | 11.88 |
| KPI | Sep 30, 2005 |
|---|---|
| RoNW | 6.05% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 73.45% | 42.64% |
| Market Cap | ₹26.18 Cr. |
The Powersoft Global Solutions FPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 1.00 | 50,90,000 | 50,90,766 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees to the intermediaries | 0.20 |
| 2 | Advertising and marketing expenses | 0.18 |
| 3 | Printing, Stationary, Dispatch | 0.13 |
| 4 | Brokerage (1.5% of issue size) | 0.18 |
| 5 | Miscellaneous Expenses | 0.06 |
| Total | 0.75 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹22.00 |
| Open | ₹25.00 |
| Low | ₹20.25 |
| High | ₹26.70 |
| Last Trade | ₹21.10 |
Lead Manager Reports
Powersoft Global Solutions FPO is a main-board FPO of 54,00,766 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹22 per share. The minimum order quantity is .
The FPO opens on Thu, Mar 23, 2006, and closes on Wed, Mar 29, 2006.
Bigshare Services Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Powersoft Global Solutions FPO using UPI as a payment gateway. Zerodha customers can apply in Powersoft Global Solutions FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Powersoft Global Solutions FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Powersoft Global Solutions FPO opens on Thu, Mar 23, 2006 and closes on Wed, Mar 29, 2006.
Powersoft Global Solutions FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Powersoft Global Solutions FPO 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 Powersoft Global Solutions FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Powersoft Global Solutions FPO allotment status.
The Powersoft Global Solutions FPO listing date is on Fri, Apr 28, 2006.
