Saksoft IPO
Saksoft IPO — date, price band, lot size & details 2005
Saksoft listed on 9 May 2005 at ₹57.7, 92.3% above the ₹30 issue price.
Saksoft is a Chennai based IT services company focused on banking, financial services and insurance clients. Its total income was Rs 12.30 crore in FY2004.
Stock price
Saksoft 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 30 Mar 2005
- Close 07 Apr 2005
- Allotment TBA
- Refund/credit TBA
- Listing 09 May 2005
Issue summary
The terms of the offer, as filed.
| IPO Dates | 30 Mar to 7 Apr, 2005 |
|---|---|
| Price Band | TBA |
| Face Value | ₹10 |
| Lot Size | 200 Shares |
| Issue Size | ₹7.5 Cr |
| Sale Type | Fresh capital only |
| Listing On | NSE |
| Registrar | Cameo Corporate Services Limited |
| Min Investment | ₹ 6,000 |
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 200 shares at the ₹30 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 200 | ₹6,000 |
| Retail (max) | 33 | 6,600 | ₹1,98,000 |
| S-HNI (min) | 34 | 6,800 | ₹2,04,000 |
| S-HNI (max) | 166 | 33,200 | ₹9,96,000 |
| B-HNI (min) | 167 | 33,400 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Profit after tax was Rs 3.83 crore in six months to September 2004, up from Rs 0.85 crore in all of FY2004.
- 02Total income was Rs 10.08 crore in six months to September 2004.
- 03Total borrowing was low at Rs 0.76 crore in September 2004.
- 04Reserves rose from Rs 3.98 crore in FY2002 to Rs 8.94 crore in September 2004.
Risks · 5
- 01Total income fell from Rs 14.14 crore in FY2003 to Rs 12.30 crore in FY2004.
- 02Profit after tax fell from Rs 4.64 crore in FY2003 to Rs 0.85 crore in FY2004.
- 03A stronger rupee against the US dollar had reduced its revenue and margins in the past, as disclosed in the prospectus; total income was Rs 12.30 crore in FY2004.
- 04It is a very small company, raising Rs 7.5 crore, in an industry with high staff turnover.
- 05Promoter group holding fell from 90.67% before the issue to 68.01% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Saksoft offer document.
| Metric | 30 Sep 2004 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|
| Total Income | 10.08 | 12.30 | 14.14 | 9.37 |
| Profit After Tax | 3.83 | 0.85 | 4.64 | 3.47 |
| NET Worth | - | - | 11.74 | 6.84 |
| Reserves and Surplus | 8.94 | 8.51 | 8.23 | 3.98 |
| Total Borrowing | 0.76 | 0.98 | 3.22 | 1.93 |
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 Saksoft RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Saksoft IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹1.14 | ₹7.67 |
| P/E Ratio (x) | 26.35 | 3.91 |
| Market Cap at Offer Price (₹ Cr) | ₹100.79 | ₹14.98 |
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 ₹30 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
₹14.62 Cr of the issue is earmarked to named objects.
About the company
It is an IT services company focused on the banking, financial services and insurance sector, with its registered office in Mandaveli, Chennai.
It allotted shares at par to employees and an employee welfare trust in the year before the IPO.
The IPO was Rs 7.5 crore and was entirely a fresh issue at Rs 30 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.
Saksoft 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%).
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 Saksoft?
The current Grey Market Premium is ₹0.
What is the Saksoft IPO price band?
₹30, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 9 May 2005.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Cameo Corporate Services 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.
