3I Infotech IPO
3I Infotech IPO — date, price band, lot size & details 2005
3I Infotech listed on 22 Apr 2005 at ₹105.15, 5.2% above the ₹100 issue price.
3i Infotech, formerly ICICI Infotech, provides software products and IT services mainly to banking, insurance and financial services companies, with over 500 customers in more than 30 countries. Its total income was Rs 232.04 crore in FY2004.
Stock price
3I Infotech is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 30 Mar 2005
- Close 04 Apr 2005
- Allotment TBA
- Refund/credit TBA
- Listing 22 Apr 2005
Issue summary
The terms of the offer, as filed.
| IPO Dates | 30 Mar to 4 Apr, 2005 |
|---|---|
| Price Band | ₹90 – ₹100 |
| Face Value | ₹10 |
| Lot Size | 60 Shares |
| Issue Size | ₹230 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MCS Share Transfer Agent Ltd. |
| Min Investment | ₹ 6,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 60 shares at the ₹100 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 60 | ₹6,000 |
| Retail (max) | 33 | 1,980 | ₹1,98,000 |
| S-HNI (min) | 34 | 2,040 | ₹2,04,000 |
| S-HNI (max) | 166 | 9,960 | ₹9,96,000 |
| B-HNI (min) | 167 | 10,020 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It served over 500 active customers in more than 30 countries.
- 02Profit after tax rose from Rs 4.37 crore in FY2004 to Rs 16.26 crore in nine months to December 2004.
- 03Net worth rose from Rs 202.07 crore in FY2002 to Rs 229.88 crore in December 2004.
- 04The whole Rs 230 crore issue was fresh money for the company.
Risks · 5
- 01Total income fell from Rs 266.09 crore in FY2002 to Rs 232.04 crore in FY2004.
- 02Profit after tax fell from Rs 11.56 crore in FY2003 to Rs 4.37 crore in FY2004.
- 03Total borrowing rose from Rs 10.15 crore in FY2002 to Rs 125.99 crore in December 2004.
- 04It allowed customers up to 90 days to pay, which ties up working capital.
- 05Promoter holding fell from 92.45% before the issue to 53.08% after it.
Three years of numbers
All figures in ₹ crore, as reported in the 3I Infotech offer document.
| Metric | 31 Dec 2004 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|
| Assets | 355.36 | 319.35 | 268.21 | 225.35 |
| Total Income | 210.21 | 232.04 | 219.56 | 266.09 |
| Profit After Tax | 16.26 | 4.37 | 11.56 | 3.52 |
| NET Worth | 229.88 | 223.40 | 215.97 | 202.07 |
| Reserves and Surplus | 18.56 | 11.61 | 18.96 | 29.59 |
| Total Borrowing | 125.99 | 94.26 | 47.49 | 10.15 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the 3I Infotech RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
3I Infotech IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹1.41 | ₹4.02 |
| P/E Ratio (x) | 70.96 | 24.90 |
| Market Cap at Offer Price (₹ Cr) | ₹1,153.19 | ₹404.48 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹100 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹255.17 Cr of the issue is earmarked to named objects.
About the company
It provides software products and IT services, mainly to banking, insurance and financial services companies.
As of 31 December 2004 it served over 500 active customers in more than 30 countries.
The IPO was Rs 230 crore and was entirely a fresh issue at Rs 100, the top of the Rs 90 to Rs 100 band, with a green shoe option.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
033-40724051/40724052/40724053
The bankers & the filings
Who is running the book, and the documents this page is built from.
3I Infotech IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Bofa Securities India Limited
64 issues handledBest listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).
JM Morgan Stanley Pvt. Ltd
22 issues handledBest listing: Infrastructure Development Finance Co (+76.5%). Weakest: House of Pearl Fashions (-9.1%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of 3I Infotech?
The current Grey Market Premium is ₹0.
What is the 3I Infotech IPO price band?
₹90 to ₹100, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 22 April 2005.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MCS Share Transfer Agent Ltd..
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
