Allsec Technologies IPO
Allsec Technologies IPO — date, price band, lot size & details 2005
Allsec Technologies listed on 9 May 2005 at ₹150, 11.1% above the ₹135 issue price.
Allsec Technologies is a Chennai based BPO company that handles customer care, helpdesk and tele-services for clients in the United States and India. Its total income was Rs 41.77 crore in nine months to December 2004.
Stock price
Allsec Technologies 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 13 Apr 2005
- Close 20 Apr 2005
- Allotment 02 May 2005
- Refund/credit TBA
- Listing 09 May 2005
Issue summary
The terms of the offer, as filed.
| IPO Dates | 13 to 20 Apr, 2005 |
|---|---|
| Price Band | ₹135 – ₹162 |
| Face Value | ₹10 |
| Lot Size | 40 Shares |
| Issue Size | ₹42.41 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 5,400 |
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 40 shares at the ₹135 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 40 | ₹5,400 |
| Retail (max) | 37 | 1,480 | ₹1,99,800 |
| S-HNI (min) | 38 | 1,520 | ₹2,05,200 |
| S-HNI (max) | 185 | 7,400 | ₹9,99,000 |
| B-HNI (min) | 186 | 7,440 | ₹10,04,400 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income was Rs 41.77 crore in nine months to December 2004, up from Rs 25.08 crore in the 15 months to March 2004.
- 02It turned a loss of Rs 16.46 crore in the 15 months to March 2004 into a profit of Rs 7.92 crore in nine months to December 2004.
- 03Net worth rose from Rs 2.88 crore in March 2004 to Rs 10.94 crore in December 2004.
- 04The whole Rs 42.41 crore issue was fresh money for the company.
Risks · 5
- 01Its largest client, CompuCredit, made up 52% of revenue in nine months to December 2004.
- 02CompuCredit had a right to buy its Velachery facility and staff under a build, operate and transfer deal; its 3 largest clients gave 73% of revenue.
- 03It made a loss of Rs 16.46 crore in the 15 months to March 2004.
- 04Net worth was only Rs 2.88 crore in March 2004, with accumulated losses in reserves of Rs 14.61 crore.
- 05Promoter holding fell from 46.4% before the issue to 34.2% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Allsec Technologies offer document.
| Metric | 31 Dec 2004 | 31 Mar 2004 | 31 Dec 2002 | 31 Dec 2001 |
|---|---|---|---|---|
| Total Income | 41.77 | 25.08 | 19.94 | 8.31 |
| Profit After Tax | 7.92 | -16.46 | 2.32 | 0.87 |
| NET Worth | 10.94 | 2.88 | 19.26 | 3.83 |
| Reserves and Surplus | -6.70 | -14.61 | 1.85 | -0.47 |
| Total Borrowing | 9.23 | 11.48 | 4.69 | 3.90 |
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 Allsec Technologies RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Allsec Technologies IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹-1,865,281.89 | ₹882,204.26 |
| P/E Ratio (x) | - | 0.00 |
| Market Cap at Offer Price (₹ Cr) | ₹0.00 | ₹0.00 |
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 ₹135 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
₹56.01 Cr of the issue is earmarked to named objects.
About the company
It provides business process outsourcing services such as inbound customer care, technology helpdesk and inbound and outbound tele-services, mainly for US clients.
Its largest client, CompuCredit, accounted for about 36% of revenue in 2002, 26% in the 15 months to March 2004 and 52% in nine months to December 2004, and had a build, operate and transfer right to buy its Velachery facility in Chennai.
The IPO was Rs 42.41 crore and was entirely a fresh issue at Rs 135, the bottom of the Rs 135 to Rs 162 band.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Allsec Technologies 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.
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
HSBC InvestDirect Securities (India) Ltd
24 issues handledBest listing: Dishman Pharmaceuticals & Chemicals (+97.1%). Weakest: Bannari Amman Spinning Mills (-25.2%).
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 Allsec Technologies?
The current Grey Market Premium is ₹0.
What is the Allsec Technologies IPO price band?
₹135 to ₹162, on a face value of ₹10.
When is the allotment?
The basis of allotment is 2 May 2005, with listing on 9 May 2005.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
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.
