Four Soft IPO
Four Soft IPO — date, price band, lot size & details 2004
Four Soft listed on 12 Mar 2004 at ₹23, 8% below the ₹25 issue price.
Four Soft is a Hyderabad based software products company that built web based supply chain, logistics and transportation management software for global logistics firms. Its total income was Rs 7.35 crore in FY2003.
Stock price
Four Soft 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 16 Feb 2004
- Close 23 Feb 2004
- Allotment 04 Mar 2004
- Refund/credit TBA
- Listing 12 Mar 2004
Issue summary
The terms of the offer, as filed.
| IPO Dates | 16 to 23 Feb, 2004 |
|---|---|
| Price Band | TBA |
| Face Value | ₹5 |
| Lot Size | 100 Shares |
| Issue Size | ₹20.23 Cr |
| Sale Type | Fresh capital only |
| Listing On | NSE, BSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 2,500 |
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 ₹25 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹2,500 |
| Retail (max) | 80 | 8,000 | ₹2,00,000 |
| S-HNI (min) | 81 | 8,100 | ₹2,02,500 |
| S-HNI (max) | 400 | 40,000 | ₹10,00,000 |
| B-HNI (min) | 401 | 40,100 | ₹10,02,500 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 2.04 crore in FY2001 to Rs 7.35 crore in FY2003, and was Rs 10.55 crore in nine months to December 2003.
- 02Profit after tax rose from Rs 0.09 crore in FY2001 to Rs 2.88 crore in FY2003, and was Rs 5.63 crore in nine months to December 2003.
- 03Net worth rose from Rs 7.88 crore in FY2003 to Rs 21.57 crore on 31 December 2003.
- 04Return on net worth was 38.28%.
- 05Rs 4.79 crore of the issue was for product development and research.
Risks · 5
- 01It is a small software firm, with total income of Rs 7.35 crore in FY2003.
- 02Its business was focused on 1 domain, logistics software, and its eSupply EP product was still in development.
- 03Product development was its single largest cost; Rs 24.70 crore was earmarked for international marketing and acquisitions.
- 04Selling software products overseas brings currency and payment risk; profit was only Rs 0.08 crore in FY2002.
- 05Promoter and promoter group holding fell from 67.21% before the issue to 50.37% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Four Soft offer document.
| Metric | 31 Dec 2003 | 31 Mar 2003 | 31 Mar 2002 | 31 Mar 2001 |
|---|---|---|---|---|
| Total Income | 10.55 | 7.35 | 3.18 | 2.04 |
| Profit After Tax | 5.63 | 2.88 | 0.08 | 0.09 |
| NET Worth | 21.57 | 7.88 | 3.56 | 3.56 |
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 Four Soft RHP.
Where the money goes
₹33.90 Cr of the issue is earmarked to named objects.
About the company
It developed software products for logistics, transportation and supply chain management, built on the J2EE platform, including its eSupply EP product.
Its board members came from Singapore, North America and Europe with experience in logistics and transport, and it had alliance partners such as Satyam Software Services.
The IPO was Rs 20.23 crore and was entirely a fresh issue at Rs 25 per share, with a face value of Rs 5. The money was for international marketing and acquisitions, product development and expansion.
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.
Four Soft 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.
Centrum Capital Ltd.
27 issues handledBest listing: Nandan Exim (+140.0%). Weakest: Prime Focus (-22.8%).
Standard Chartered Securities (India) Ltd
24 issues handledBest listing: Vivimed Labs (+87.1%). Weakest: Abhishek Mills (-14.9%).
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 Four Soft?
The current Grey Market Premium is ₹0.
What is the Four Soft IPO price band?
₹25, on a face value of ₹5.
When is the allotment?
The basis of allotment is 4 March 2004, with listing on 12 March 2004.
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.
