Prithvi Information Solutions IPO
Prithvi Information Solutions IPO — date, price band, lot size & details 2005
Prithvi Information Solutions listed on 16 Nov 2005 at ₹338.85, 25.5% above the ₹270 issue price.
Prithvi Information Solutions is an IT and BPO services company that serves clients in the US and India. Its total income was Rs 305.47 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 25 Oct 2005
- Close 28 Oct 2005
- Allotment TBA
- Refund/credit TBA
- Listing 16 Nov 2005
Issue summary
The terms of the offer, as filed.
| IPO Dates | 25 to 28 Oct, 2005 |
|---|---|
| Price Band | ₹250 – ₹270 |
| Face Value | ₹10 |
| Lot Size | 25 Shares |
| Issue Size | ₹135 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 6,750 |
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 25 shares at the ₹270 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 25 | ₹6,750 |
| Retail (max) | 29 | 725 | ₹1,95,750 |
| S-HNI (min) | 30 | 750 | ₹2,02,500 |
| S-HNI (max) | 148 | 3,700 | ₹9,99,000 |
| B-HNI (min) | 149 | 3,725 | ₹10,05,750 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 193.36 crore in FY2003 to Rs 305.47 crore in FY2005.
- 02Profit after tax rose from Rs 18.20 crore in FY2004 to Rs 28.84 crore in FY2005.
- 03Net worth doubled from Rs 53.24 crore in FY2003 to Rs 104.71 crore in FY2005.
- 04The whole Rs 135 crore issue was fresh money for the company.
Risks · 5
- 01Its client agreements were non exclusive with no committed volumes; total income was Rs 305.47 crore in FY2005.
- 02Profit after tax fell from Rs 20.77 crore in FY2003 to Rs 18.20 crore in FY2004.
- 03Overseas clients bring currency risk; profit margin was below 10% in FY2005.
- 04IT services depend on keeping skilled staff; reserves were Rs 94.24 crore.
- 05Promoter group holding fell from 55.97% before the issue to 40.5% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Prithvi Information Solutions offer document.
| Metric | 30 Jun 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Total Income | - | 305.47 | 241.18 | 193.36 |
| Profit After Tax | - | 28.84 | 18.20 | 20.77 |
| NET Worth | - | 104.71 | 71.53 | 53.24 |
| Reserves and Surplus | - | 94.24 | 65.55 | 47.30 |
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 Prithvi Information Solutions RHP.
Where the money goes
₹150.00 Cr of the issue is earmarked to named objects.
About the company
It provides IT services such as application development and enterprise solutions, and business process outsourcing, to clients in the US and India.
Its clients typically retained it through non exclusive service agreements without a commitment to a specific volume of work.
The IPO was Rs 135 crore and was entirely a fresh issue at Rs 270, the top of the Rs 250 to Rs 270 band, with up to 4,50,000 shares reserved for employees.
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.
Prithvi Information 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.
Anand Rathi Advisors Ltd
30 issues handledBest listing: Paras Defence & Space Technologies (+168.0%). Weakest: Aanjaneya Lifecare (-6.8%).
Karvy Investor Services Ltd
31 issues handledBest listing: Ramkrishna Forgings (+92.3%). Weakest: Astral Poly Technik (-10.4%).
Srei Capital Markets Ltd
11 issues handledBest listing: Suryachakra Power Corp (+50.0%). Weakest: Vikash Metal & Power (-40.0%).
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 Prithvi Information Solutions?
The current Grey Market Premium is ₹0.
What is the Prithvi Information Solutions IPO price band?
₹250 to ₹270, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 16 November 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.
