FCS Software Solutions IPO
FCS Software Solutions IPO — date, price band, lot size & details 2005
FCS Software Solutions listed on 21 Sep 2005 at ₹100, 100% above the ₹50 issue price.
FCS Software Solutions is a Noida based IT company providing software development, e-learning content and IT enabled services. Its total income was Rs 84.95 crore in FY2005.
Stock price
FCS Software Solutions 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 22 Aug 2005
- Close 26 Aug 2005
- Allotment 15 Sep 2005
- Refund/credit TBA
- Listing 21 Sep 2005
Issue summary
The terms of the offer, as filed.
| IPO Dates | 22 to 26 Aug, 2005 |
|---|---|
| Price Band | TBA |
| Face Value | ₹10 |
| Lot Size | 100 Shares |
| Issue Size | ₹17.51 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 5,000 |
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 100 shares at the ₹50 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹5,000 |
| Retail (max) | 40 | 4,000 | ₹2,00,000 |
| S-HNI (min) | 41 | 4,100 | ₹2,05,000 |
| S-HNI (max) | 200 | 20,000 | ₹10,00,000 |
| B-HNI (min) | 201 | 20,100 | ₹10,05,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 43.87 crore in FY2003 to Rs 84.95 crore in FY2005.
- 02Profit after tax rose from Rs 1.11 crore in FY2003 to Rs 9.26 crore in FY2005.
- 03Net worth rose from Rs 24.37 crore in FY2003 to Rs 40.55 crore in FY2005.
- 04Total income grew 65.41% in FY2004.
Risks · 5
- 01Its success depends on keeping skilled staff; total income was Rs 67.07 crore in FY2004.
- 02Software contracts paid on milestones tie up money in work in progress; profit was only Rs 1.11 crore in FY2003.
- 03Overseas clients bring currency risk; net worth was Rs 40.55 crore.
- 04It is a small company raising Rs 17.51 crore.
- 05Promoter holding fell from 99.99% before the issue to 74.99% after it, so one person controls it.
Three years of numbers
All figures in ₹ crore, as reported in the FCS Software Solutions offer document.
| Metric | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|
| Assets | 40.90 | 31.80 | 24.97 |
| Total Income | 84.95 | 67.07 | 43.87 |
| Profit After Tax | 9.26 | 7.06 | 1.11 |
| NET Worth | 40.55 | 31.42 | 24.37 |
| Reserves and Surplus | 30.17 | 20.94 | 13.91 |
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 FCS Software Solutions RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
FCS Software Solutions IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹8.82 | ₹6.61 |
| P/E Ratio (x) | 5.67 | 7.56 |
| Market Cap at Offer Price (₹ Cr) | ₹52.49 | ₹70.05 |
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 ₹50 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
₹19.94 Cr of the issue is earmarked to named objects.
About the company
It provides software development, e-learning content and IT enabled services to corporate clients.
It had bought property at A-87, Sector-57, Noida for its expansion programme.
The IPO was Rs 17.51 crore and was entirely a fresh issue at Rs 50 per share, with a face value of Rs 10.
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.
FCS Software Solutions 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.
Almondz Global Securities Ltd
23 issues handledBest listing: Amar Remedies (+100.0%). Weakest: First Winner Industries (-12.0%).
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 FCS Software Solutions?
The current Grey Market Premium is ₹0.
What is the FCS Software Solutions IPO price band?
₹50, on a face value of ₹10.
When is the allotment?
The basis of allotment is 15 September 2005, with listing on 21 September 2005.
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.
