Bookbuilding IPO | ₹46 Cr | Listed at BSE, NSE | Tue, Sep 22, 2009 - Thu, Oct 1, 2009
Thinksoft Global IPO is a book build issue of ₹45.58 crores. The issue is a combination of fresh issue of 0.14 crore shares aggregating to ₹16.88 crores and offer for sale of 0.23 crore shares aggregating to ₹28.70 crores.
Thinksoft Global IPO bidding started from Sep 22, 2009 and ended on Oct 1, 2009. The shares got listed on BSE, NSE on Oct 26, 2009.
Thinksoft Global IPO price band is set at ₹125 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹6,250 (50 shares) (based on upper price). The lot size investment for sNII is 33 lots (1,650 shares), amounting to ₹2,06,250, and for bNII, it is 161 lots (8,050 shares), amounting to ₹10,06,250.
Chartered Capital & Investment Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Thinksoft Global IPO RHP for detailed Information.
IPO Open
Tue, Sep 22, 2009
IPO Close
Thu, Oct 1, 2009
Issue Price
₹125 per share
Market Cap (Pre-IPO)
₹125.64 Cr
| IPO Date | 22 Sep to 1 Oct, 2009 |
| Listed on | Mon, Oct 26, 2009 |
| Face Value | ₹10 per share |
| Price Band | ₹115 to ₹125 |
| Issue Price | ₹125 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 36,46,000 shares (agg. up to ₹46 Cr) |
| Fresh Issue | 13,50,000 shares (agg. up to ₹17 Cr) |
| Offer for Sale | 22,96,000 shares of ₹10 (agg. up to ₹29 Cr) |
| Share Holding Pre Issue | 87,01,581 shares |
| Share Holding Post Issue | 1,00,51,581 shares |
| BSE Script Code / NSE Symbol | 533121 / EXPLEOSOL |
| ISIN | INE201K01015 |
Thinksoft Global IPO comprises a total issue size of 36,46,000 shares. Out of which, 18,23,000 (50.00%) are allocated to QIB, 5,46,900 (15.00%) allocated to NII 12,76,100 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 18,23,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 5,46,900 | 15.00% | NA |
| Retail Shares Offered | 12,76,100 | 35.00% | 25,522 |
| Total Shares Offered | 36,46,000 | 100.00% |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,250 |
| Retail (Max) | 32 | 1,600 | ₹2,00,000 |
| S-HNI (Min) | 33 | 1,650 | ₹2,06,250 |
| S-HNI (Max) | 160 | 8,000 | ₹10,00,000 |
| B-HNI (Min) | 161 | 8,050 | ₹10,06,250 |
Thinksoft Global Services Limited was incorporated on June 8, 1998 as Relliant Global Services (India) Private Limited in Bangalore, Karnataka.
Thinksoft is a Banking, Financial Services and Insurance (BFSI) focused software testing enterprise. Thinksoft operates as a specialist and niche player in the financial and insurance software testing space. Company's service in the area of testing and business requirements assurance includes functional testing, performance testing, test automation and Requirements Documentation services.
Thinksoft was among 'Deloitte Tech Fast 50 India' and 'Deloitte Tech Fast 500 Asia Pacific' in the years 2006 and 2007 and 'Deloitte Tech Fast 500 Asia Pacific' in the year 2008.
The Company presently has its off shore facilities at Chennai with a capacity of around 360 seats. The Company is proposing to expand it's off shore facilities by adding additional capacity of another 400 seats. Thinksoft has established a global presence in New York, London, Frankfurt, Singapore, Hong Kong, Brussels, Sydney, Bangalore and Chennai. All its clients operate in the banking, financial services and insurance sector.
| 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 | Setting up of new testing centre - Building, Interiors | 13.73 |
| 2 | Setting up of new testing centre - Equipment and Networking | 1.66 |
| 3 | Setting up of new testing centre - Consultancy and approval charges | 0.70 |
| 4 | Public Issue Expenses | 1.66 |
| KPI | |
|---|---|
| RoNW | 31.76% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 61.47% | 53.21% |
| Market Cap | ₹125.64 Cr. |
The Thinksoft IPO is subscribed 2.57 times on October 1, 2009 5:00:00 PM (Day 7). The public issue subscribed 4.31 times in the retail category, 0.31 times in the QIB category, and 6.05 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.31 | 18,23,000 | |
| NII | 6.05 | 5,46,900 | |
| Retail | 4.31 | 12,76,100 | |
| Total | 2.57 | 36,46,000 |
ICRA has assigned an IPO Grade 2 to Thinksoft Global Services Ltd IPO. This means as per ICRA, company has Below average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Link to download Care rating document.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees to Book Running Lead Managers | 0.68 |
| 2 | Fees to Registrar to the Issue | 0.10 |
| 3 | Fees to Legal Advisor to the Issue | 0.17 |
| 4 | Fees to Auditors | 0.01 |
| 5 | Underwriting Commission | 0.23 |
| 6 | Selling Commission | 0.68 |
| 7 | Escrow Bankers charges | |
| 8 | IPO Grading expenses | 0.05 |
| 9 | Printing & Stationery | 0.90 |
| 10 | Advertisement expenses | 0.50 |
| 11 | Other expenses (including filing fees, listing fees, depository charges etc.) | 0.65 |
| 12 | Contingencies | 0.50 |
Book Running Lead Manager to the issue has informed the Exchange that the Book Building issue of Thinksoft Global Services Ltd will close on OCT 01, 2009 instead of the earlier closing day on Sep 24, 2009 Further price band has revised from Rs 120 /- to Rs 130 /- per share to Rs 115 /- to Rs 125 /- per share.
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹125.00 | ₹125.00 |
| Open | ₹100.00 | ₹126.00 |
| Low | ₹100.00 | ₹126.00 |
| High | ₹170.00 | ₹169.80 |
| Last Trade | ₹164.30 | ₹164.40 |
Lead Manager Reports
Thinksoft Global IPO is a main-board IPO of 36,46,000 equity shares of the face value of ₹10 aggregating up to ₹46 Crores. The issue is priced at ₹125 per share. The minimum order quantity is 50.
The IPO opens on Tue, Sep 22, 2009, and closes on Thu, Oct 1, 2009.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Thinksoft Global IPO using UPI as a payment gateway. Zerodha customers can apply in Thinksoft Global IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Thinksoft Global IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Thinksoft Global IPO opens on Tue, Sep 22, 2009 and closes on Thu, Oct 1, 2009.
Thinksoft Global IPO lot size is 50, and the minimum amount required for application is ₹6,250.
You can apply in Thinksoft Global 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 Thinksoft Global IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Thinksoft Global IPO allotment status.
The Thinksoft Global IPO listing date is on Mon, Oct 26, 2009.
