Paradyne Infotech IPO
Paradyne Infotech IPO — date, price band, lot size & details 2005
Paradyne Infotech listed on 10 Nov 2005 at ₹50, 19% above the ₹42 issue price.
Paradyne Infotech is a Mumbai based IT company engaged in computer software, system integration and managed services. Its total income was Rs 68.53 crore in FY2005.
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 Sep 2005
- Close 07 Oct 2005
- Allotment 28 Oct 2005
- Refund/credit TBA
- Listing 10 Nov 2005
Issue summary
The terms of the offer, as filed.
| IPO Dates | 30 Sep to 7 Oct, 2005 |
|---|---|
| Price Band | TBA |
| Face Value | ₹10 |
| Lot Size | 150 Shares |
| Issue Size | ₹13.86 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 6,300 |
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 150 shares at the ₹42 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 150 | ₹6,300 |
| Retail (max) | 31 | 4,650 | ₹1,95,300 |
| S-HNI (min) | 32 | 4,800 | ₹2,01,600 |
| S-HNI (max) | 158 | 23,700 | ₹9,95,400 |
| B-HNI (min) | 159 | 23,850 | ₹10,01,700 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 35.54 crore in FY2003 to Rs 68.53 crore in FY2005.
- 02Profit after tax rose from Rs 0.31 crore in FY2003 to Rs 5.00 crore in FY2005.
- 03Net worth rose from Rs 2.56 crore in FY2003 to Rs 11.49 crore in FY2005.
- 04It paid dividends and was profitable in each of the 3 years shown.
Risks · 5
- 01Profit after tax was Rs 5.00 crore on income of Rs 68.53 crore in FY2005, as system integration margins are thin.
- 02Its net worth was small at Rs 11.49 crore.
- 03IT services depend on keeping skilled staff; profit was only Rs 0.31 crore in FY2003.
- 04It is a small company raising Rs 13.86 crore.
- 05Promoters and associates held 99.38% before the issue and 69.23% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Paradyne Infotech offer document.
| Metric | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|
| Total Income | 68.53 | 51.13 | 35.54 |
| Profit After Tax | 5.00 | 2.70 | 0.31 |
| NET Worth | 11.49 | 7.56 | 2.56 |
| Reserves and Surplus | 3.91 | 2.51 | 0.43 |
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 Paradyne Infotech RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Paradyne Infotech IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹6.60 | ₹4.60 |
| P/E Ratio (x) | 6.36 | 9.14 |
| Market Cap at Offer Price (₹ Cr) | ₹31.82 | ₹45.65 |
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 ₹42 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
₹14.01 Cr of the issue is earmarked to named objects.
About the company
It is a profit making, dividend paying company in computer software, system integration and managed services.
It had business alliances with leading global technology companies.
The IPO was Rs 13.86 crore and was entirely a fresh issue at Rs 42 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.
Paradyne 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.
Karvy Investor Services Ltd
31 issues handledBest listing: Ramkrishna Forgings (+92.3%). Weakest: Astral Poly Technik (-10.4%).
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 Paradyne Infotech?
The current Grey Market Premium is ₹0.
What is the Paradyne Infotech IPO price band?
₹42, on a face value of ₹10.
When is the allotment?
The basis of allotment is 28 October 2005, with listing on 10 November 2005.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services 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.
