Bookbuilding IPO | ₹42 Cr | Listed at BSE, NSE | Mon, Jul 21, 2008 - Thu, Jul 24, 2008
Vishal Information Technologies IPO is a book build issue of ₹41.86 crores. The issue is a combination of fresh issue of 0.18 crore shares aggregating to ₹26.86 crores and offer for sale of 0.10 crore shares aggregating to ₹15.00 crores.
Vishal Information Technologies IPO bidding started from Jul 21, 2008 and ended on Jul 24, 2008. The shares got listed on BSE, NSE on Aug 11, 2008.
Vishal Information Technologies IPO price band is set at ₹150 per share. The lot size for an application is 40. The minimum amount of investment required by an retail is ₹6,000 (40 shares) (based on upper price). The lot size investment for sNII is 34 lots (1,360 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (6,680 shares), amounting to ₹10,02,000.
Keynote Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Vishal Information Technologies IPO RHP for detailed Information.
IPO Open
Mon, Jul 21, 2008
IPO Close
Thu, Jul 24, 2008
Issue Price
₹150 per share
Market Cap (Pre-IPO)
₹160.20 Cr
| IPO Date | 21 to 24 Jul, 2008 |
| Listed on | Mon, Aug 11, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹140 to ₹150 |
| Issue Price | ₹150 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 27,90,829 shares (agg. up to ₹42 Cr) |
| Fresh Issue | 17,90,829 shares (agg. up to ₹27 Cr) |
| Offer for Sale | 10,00,000 shares of ₹10 (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 88,90,000 shares |
| Share Holding Post Issue | 1,06,80,000 shares |
| BSE Script Code / NSE Symbol | 533011 / VITLINFO |
| ISIN | INE108J01014 |
Vishal Information Technologies IPO comprises a total issue size of 27,90,000 shares. Out of which, 13,95,000 (50.00%) are allocated to QIB, 4,18,500 (15.00%) allocated to NII 9,76,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 13,95,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 4,18,500 | 15.00% | NA |
| Retail Shares Offered | 9,76,500 | 35.00% | 24,412 |
| Total Shares Offered | 27,90,000 | 100.00% |
Investors can bid for a minimum of 40 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹6,000 |
| Retail (Max) | 33 | 1,320 | ₹1,98,000 |
| S-HNI (Min) | 34 | 1,360 | ₹2,04,000 |
| S-HNI (Max) | 166 | 6,640 | ₹9,96,000 |
| B-HNI (Min) | 167 | 6,680 | ₹10,02,000 |
Incorporated in 1994, Vishal Information Technologies Limited is one among the first few companies to venture in the field of ITES/BPO services. VITL is in the areas of data digitization, E-publishing and digital library. VITL is a subsidiary of Tutis Technologies who are into Biometric Products, Software Development and consulting. VITL has its branches in Mumbai and Chennai with a representative office in UK and UAE.
VITL is one of the pioneers in the concept called “Digital Library for Visually Impaired and Blind” in respect of Classic series. This concept was presented to an UK based institution who promotes the causes and challenges of visually impaired and blind. This concept on e-publishing for visually impaired involves conversion of small print books to large print books and make available as ready to print PDF both in digital, talking book and print format.
Presently VITL focuses on the following business verticals:
1. Data digitization
2. E-Publishing
3. Digital Library
4. Print on Demand (POD)
| 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 | Facilities expansion at Chennai | 16.05 |
| 2 | Setting up of Quality Assurance Center and Marketing office in Mumbai | 5.44 |
| 3 | Setting up a subsidiaries in United Kingdom and United States of America | 6.00 |
| 4 | General Corporate Purposes | 1.09 |
| KPI | |
|---|---|
| RoNW | 21.36% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 51.51% | 42.88% |
| Market Cap | ₹160.20 Cr. |
The Vishal Information IPO is subscribed 1.19 times on July 24, 2008 5:00:00 PM (Day 4). The public issue subscribed 2.19 times in the retail category, 0.45 times in the QIB category, and 1.36 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 | Fees to the intermediaries | 2.00 |
| 2 | Advertising & Marketing expenses | 0.55 |
| 3 | Printing, Stationary, Dispatch | 0.60 |
| 4 | Miscellaneous | 0.35 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹150.00 | ₹150.00 |
| Open | ₹150.00 | ₹130.00 |
| Low | ₹145.00 | ₹125.60 |
| High | ₹197.20 | ₹198.35 |
| Last Trade | ₹194.15 | ₹194.60 |
Lead Manager Reports
Vishal Information Technologies IPO is a main-board IPO of 27,90,829 equity shares of the face value of ₹10 aggregating up to ₹42 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 40.
The IPO opens on Mon, Jul 21, 2008, and closes on Thu, Jul 24, 2008.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Vishal Information Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Vishal Information Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vishal Information Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vishal Information Technologies IPO opens on Mon, Jul 21, 2008 and closes on Thu, Jul 24, 2008.
Vishal Information Technologies IPO lot size is 40, and the minimum amount required for application is ₹6,000.
You can apply in Vishal Information 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 Vishal Information Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Vishal Information Technologies IPO allotment status.
The Vishal Information Technologies IPO listing date is on Mon, Aug 11, 2008.
