R Systems International IPO
R Systems International IPO — date, price band, lot size & details 2006
R Systems International listed on 26 Apr 2006 at ₹285, 14% above the ₹250 issue price.
R Systems International is a New Delhi based IT services and software products company serving clients in banking and finance, high technology, manufacturing and logistics, and the public sector. Its total income was Rs 158.22 crore in calendar 2005.
Stock price
R Systems International 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 28 Mar 2006
- Close 31 Mar 2006
- Allotment 19 Apr 2006
- Refund/credit TBA
- Listing 26 Apr 2006
Issue summary
The terms of the offer, as filed.
| IPO Dates | 28 to 31 Mar, 2006 |
|---|---|
| Price Band | ₹210 – ₹250 |
| Face Value | ₹10 |
| Lot Size | 25 Shares |
| Issue Size | ₹110.21 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,250 |
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 ₹250 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 25 | ₹6,250 |
| Retail (max) | 32 | 800 | ₹2,00,000 |
| S-HNI (min) | 33 | 825 | ₹2,06,250 |
| S-HNI (max) | 160 | 4,000 | ₹10,00,000 |
| B-HNI (min) | 161 | 4,025 | ₹10,06,250 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 122.69 crore in 2003 to Rs 158.22 crore in 2005.
- 02Profit after tax improved from a loss of Rs 3.67 crore in 2003 to a profit of Rs 12.48 crore in 2005.
- 03Net worth rose from Rs 58.40 crore in 2003 to Rs 70.01 crore in 2005.
- 04Rs 31.50 crore of the issue was for upgrading and expanding its infrastructure.
Risks · 5
- 01Profit was only Rs 0.23 crore in 2004 and it made a loss of Rs 3.67 crore in 2003.
- 02Its contracts could be ended at short notice with no penalty, which made revenue uncertain; total income was Rs 132.74 crore in 2004.
- 03Clients setting up their own captive offshore centres could cut its work; total assets were Rs 102.09 crore.
- 04Rs 39.58 crore of the Rs 110.21 crore issue went to selling shareholders.
- 05Promoter and promoter group holding fell from 50.27% before the issue to 38.3% after it.
Three years of numbers
All figures in ₹ crore, as reported in the R Systems International offer document.
| Metric | 31 Dec 2005 | 31 Dec 2004 | 31 Dec 2003 |
|---|---|---|---|
| Assets | 102.09 | 92.81 | 75.07 |
| Total Income | 158.22 | 132.74 | 122.69 |
| Profit After Tax | 12.48 | 0.23 | -3.67 |
| NET Worth | 70.01 | 60.64 | 58.40 |
| Reserves and Surplus | 56.02 | 45.86 | 46.99 |
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 R Systems International RHP.
Where the money goes
₹70.63 Cr of the issue is earmarked to named objects.
About the company
It provides IT services, offshore development and software products, with key verticals in banking and finance, high technology and internet services, manufacturing and logistics, and the public sector.
Its customers included Fortune 1000 companies as well as fast growing mid-market companies. It keeps its accounts on a calendar year, ending 31 December.
The IPO was Rs 110.21 crore, with Rs 70.63 crore of fresh issue and Rs 39.58 crore of offer for sale, at Rs 250, the top of the Rs 210 to Rs 250 band. The fresh money was for upgrading its infrastructure, working capital and repaying loans.
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.
R Systems International 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.
HSBC InvestDirect Securities (India) Ltd
24 issues handledBest listing: Dishman Pharmaceuticals & Chemicals (+97.1%). Weakest: Bannari Amman Spinning Mills (-25.2%).
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 R Systems International?
The current Grey Market Premium is ₹0.
What is the R Systems International IPO price band?
₹210 to ₹250, on a face value of ₹10.
When is the allotment?
The basis of allotment is 19 April 2006, with listing on 26 April 2006.
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.
