Thinksoft Global Services IPO
Thinksoft Global Services IPO — date, price band, lot size & details 2009
Thinksoft Global Services listed on 26 Oct 2009 at ₹126, 0.8% above the ₹125 issue price.
Thinksoft Global Services is a Chennai based software testing company focused on banking, financial services and insurance (BFSI). Its total income was Rs 91.99 crore in FY2009.
Stock price
Thinksoft Global Services 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 22 Sep 2009
- Close 01 Oct 2009
- Allotment 14 Oct 2009
- Refund/credit TBA
- Listing 26 Oct 2009
Issue summary
The terms of the offer, as filed.
| IPO Dates | 22 Sep to 1 Oct, 2009 |
|---|---|
| Price Band | ₹115 – ₹125 |
| Face Value | ₹10 |
| Lot Size | 50 Shares |
| Issue Size | ₹45.58 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies 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 50 shares at the ₹125 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 50 | ₹6,250 |
| Retail (max) | 32 | 1,600 | ₹2,00,000 |
| S-HNI (min) | 33 | 1,650 | ₹2,06,250 |
| S-HNI (max) | 160 | 8,000 | ₹10,00,000 |
| B-HNI (min) | 161 | 8,050 | ₹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 53.00 crore in FY2007 to Rs 91.99 crore in FY2009.
- 02Profit after tax rose from Rs 8.08 crore in FY2007 to Rs 13.88 crore in FY2009.
- 03Net worth rose from Rs 21.14 crore in FY2007 to Rs 43.70 crore in FY2009.
- 04It had over 8 million person hours of testing work; return on net worth was 31.76%.
Risks · 5
- 01It depended on IT spending by banks and insurers; Rs 13.73 crore of the issue was for a new testing centre building.
- 02Profit after tax was Rs 9.34 crore in FY2008 against Rs 13.88 crore in FY2009, so growth depended on winning new BFSI clients.
- 03Rs 28.70 crore of the Rs 45.58 crore issue went to selling shareholders.
- 04It was a niche company focused on 1 sector, BFSI.
- 05Promoter holding fell from 61.47% before the issue to 53.21% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Thinksoft Global Services offer document.
| Metric | 31 Mar 2009 | 31 Mar 2008 | 31 Mar 2007 |
|---|---|---|---|
| Assets | - | - | 28.68 |
| Total Income | 91.99 | 69.97 | 53.00 |
| Profit After Tax | 13.88 | 9.34 | 8.08 |
| NET Worth | 43.70 | 30.31 | 21.14 |
| Reserves and Surplus | 35.00 | 22.07 | 13.89 |
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 Thinksoft Global Services RHP.
Where the money goes
₹20.56 Cr of the issue is earmarked to named objects.
About the company
It is a software testing company focused on banking, financial services and insurance, with a track record of over 8 million person hours.
It was rated in the Deloitte Technology Fast 50 India and Fast 500 Asia Pacific lists in 2006 and 2007, and Fast 500 Asia Pacific in 2008.
The IPO was Rs 45.58 crore, with Rs 16.88 crore of fresh issue and Rs 28.70 crore of offer for sale, at Rs 125, the top of the Rs 115 to Rs 125 band. The fresh money was for a new testing centre.
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.
Thinksoft Global Services 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.
Chartered Capital & Investment Ltd
13 issues handledBest listing: Celestial Labs (+25.0%). Weakest: AMD Metplast (-2.7%).
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 Thinksoft Global Services?
The current Grey Market Premium is ₹0.
What is the Thinksoft Global Services IPO price band?
₹115 to ₹125, on a face value of ₹10.
When is the allotment?
The basis of allotment is 14 October 2009, with listing on 26 October 2009.
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.
