Excel Infoways IPO
Excel Infoways IPO — date, price band, lot size & details 2009
Excel Infoways listed on 3 Aug 2009 at ₹86, 1.2% above the ₹85 issue price.
Excel Infoways is a Mumbai based BPO and customer contact centre company serving telecom and financial clients mostly in the USA and UK. Its total income was Rs 18.61 crore in FY2009.
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 14 Jul 2009
- Close 17 Jul 2009
- Allotment 28 Jul 2009
- Refund/credit TBA
- Listing 03 Aug 2009
Issue summary
The terms of the offer, as filed.
| IPO Dates | 14 to 17 Jul, 2009 |
|---|---|
| Price Band | ₹80 – ₹85 |
| Face Value | ₹10 |
| Lot Size | 80 Shares |
| Issue Size | ₹48.17 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,800 |
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 80 shares at the ₹85 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 80 | ₹6,800 |
| Retail (max) | 29 | 2,320 | ₹1,97,200 |
| S-HNI (min) | 30 | 2,400 | ₹2,04,000 |
| S-HNI (max) | 147 | 11,760 | ₹9,99,600 |
| B-HNI (min) | 148 | 11,840 | ₹10,06,400 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Profit after tax was Rs 14.85 crore in FY2009.
- 02Net worth rose from Rs 22.39 crore in FY2007 to Rs 52.54 crore in FY2009.
- 03Total borrowing was very low at Rs 0.29 crore in FY2009.
- 04Return on net worth was 27.99%.
Risks · 5
- 01Total income fell from Rs 23.11 crore in FY2008 to Rs 18.61 crore in FY2009.
- 02Profit after tax of Rs 14.85 crore was unusually high next to income of Rs 18.61 crore in FY2009.
- 03It served clients mostly in 2 countries, the USA and UK, so it depended on foreign demand and the rupee.
- 04Rs 30.00 crore of the issue was for strategic investments or joint ventures that were not named.
- 05Promoter holding fell from 96.3% before the issue to 70.52% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Excel Infoways offer document.
| Metric | 31 Mar 2009 | 31 Mar 2008 | 31 Mar 2007 |
|---|---|---|---|
| Assets | 55.41 | 40.93 | 23.55 |
| Total Income | 18.61 | 23.11 | 19.79 |
| Profit After Tax | 14.85 | 14.34 | 15.38 |
| NET Worth | 52.54 | 37.44 | 22.39 |
| Reserves and Surplus | 37.18 | 22.19 | 17.44 |
| Total Borrowing | 0.29 | 0.06 | 0.12 |
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 Excel Infoways RHP.
Where the money goes
₹81.53 Cr of the issue is earmarked to named objects.
About the company
It is an ISO 27001:2005 certified BPO and customer contact centre based in India and a registered member of NASSCOM.
It provided offshore BPO services mostly to clients in the USA and UK, mainly in telecom and financial services, and began commercial operations in September 2003.
The IPO was Rs 48.17 crore and was entirely a fresh issue at Rs 85, the top of the Rs 80 to Rs 85 band. The money was for new facilities and strategic investments or joint ventures.
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.
Excel Infoways 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.
Chartered Capital & Investment Ltd
13 issues handledBest listing: Celestial Labs (+25.0%). Weakest: AMD Metplast (-2.7%).
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 Excel Infoways?
The current Grey Market Premium is ₹0.
What is the Excel Infoways IPO price band?
₹80 to ₹85, on a face value of ₹10.
When is the allotment?
The basis of allotment is 28 July 2009, with listing on 3 August 2009.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private 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.
