Vishal Information Technologies IPO
Vishal Information Technologies IPO — date, price band, lot size & details 2008
Vishal Information Technologies listed on 11 Aug 2008 at ₹130, 13.3% below the ₹150 issue price.
Vishal Information Technologies is a Chennai based IT and data services company known for its digital library work for the visually impaired. Its total income was Rs 40.89 crore in FY2008.
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 21 Jul 2008
- Close 24 Jul 2008
- Allotment 02 Aug 2008
- Refund/credit TBA
- Listing 11 Aug 2008
Issue summary
The terms of the offer, as filed.
| IPO Dates | 21 to 24 Jul, 2008 |
|---|---|
| Price Band | ₹140 – ₹150 |
| Face Value | ₹10 |
| Lot Size | 40 Shares |
| Issue Size | ₹41.86 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private 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 40 shares at the ₹150 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 40 | ₹6,000 |
| Retail (max) | 33 | 1,320 | ₹1,98,000 |
| S-HNI (min) | 34 | 1,360 | ₹2,04,000 |
| S-HNI (max) | 166 | 6,640 | ₹9,96,000 |
| B-HNI (min) | 167 | 6,680 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 20.82 crore in FY2005 to Rs 40.89 crore in FY2008.
- 02Profit after tax rose from Rs 6.38 crore in FY2005 to Rs 12.36 crore in FY2008.
- 03Net worth rose from Rs 18.52 crore in FY2005 to Rs 53.74 crore in FY2008.
- 04Return on net worth was 21.36%.
Risks · 5
- 01Profit margins were very high for a data services company, at Rs 12.36 crore on income of Rs 40.89 crore in FY2008, so they may not last.
- 02Debts were outstanding for 7 to 9 months on average, as disclosed in the prospectus.
- 03Rs 6.00 crore was for new subsidiaries in the UK and USA.
- 04Rs 15.00 crore of the issue went to the selling shareholder.
- 05Promoter holding fell from 51.51% before the issue to 42.88% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Vishal Information Technologies offer document.
| Metric | 31 Mar 2008 | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|---|
| Total Income | 40.89 | 31.44 | 25.64 | 20.82 |
| Profit After Tax | 12.36 | 10.21 | 8.22 | 6.38 |
| NET Worth | 53.74 | 37.47 | 26.85 | 18.52 |
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 Vishal Information Technologies RHP.
Where the money goes
₹28.58 Cr of the issue is earmarked to named objects.
About the company
It described itself as one of the pioneers of the digital library for the visually impaired and blind, a concept promoted through a UK based institution.
It started operations in Chennai in 2005-06 and had an experienced management team, many with over two decades in their fields.
The IPO was Rs 41.86 crore, with Rs 26.86 crore of fresh issue and Rs 15.00 crore of offer for sale, at Rs 150, the top of the Rs 140 to Rs 150 band. The fresh money was for expanding in Chennai, a quality assurance centre in Mumbai and subsidiaries in the UK and USA.
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.
Vishal Information Technologies 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.
Keynote Financial Services
29 issues handledBest listing: Gravita India (+60.9%). Weakest: 20 Microns (-9.1%).
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 Vishal Information Technologies?
The current Grey Market Premium is ₹0.
What is the Vishal Information Technologies IPO price band?
₹140 to ₹150, on a face value of ₹10.
When is the allotment?
The basis of allotment is 2 August 2008, with listing on 11 August 2008.
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.
