One such company which is willing to come out with an IPO or Initial Public Offering is the Company in the business of IT services specific to BFSI Sector testing and is called Thinksoft Global Services Limited.
In this article, we will look at the Review, Analysis and fine Details of the Thinksoft Global IPO and try to do the Review and analysis of Thinksoft Global IPO.
Some basic details first about the Thinksoft Global IPO:
What is the issue size of the Thinksoft Global IPO?
The Thinksoft Global issue size is not known as of now, it will be a book building process at the availabel price band and final price as determined.
How is the share distribution done?
The IPO consists of a fresh issuance of around 13,50,000 new equity shares. There is also an Offer for Sale of around 22,96,000 shares by Euro Indo Investments and by Mr. Vinod Ganjoor.
The IPO issue of Thinksoft Global would constitute around 36.27% of the post issue paid-up capital of the Thinksoft Global company.
How will the capital raised by Thinksoft Global IPO be used?
The company would use the IPO proceeds for expansion of its infrastructure. There is a plan to increase infra facilities at Madras Export Processing Zone in Chennai which is expected to have a capacity of around 400 seats. The ball park figure for this expansion plan is around Rs. 16.09 crores, which will be sourced from the IPO.
What is the price band of the Thinksoft Global IPO
The price band for shares of Thinksoft Global IPO is 120-130 Rs. per share.
What is the trading symbol & exchange for the Thinksoft Global IPO
No info is available about the trading symbol.
What are the IPO dates for Thinksoft Global IPO
The IPO for Thinksoft Global is going to open on 22 September 2009 and will close on 24th Sep 2009.
What is the business prospect and company profile of Thinksoft Global?
The companu has global presence, either directly or through its subsidiaries. They are in big cities like London, New York, Dubai, Singapore, Frankfurt, Brussels, Hong Kong, Bangalore and Chennai.
For the year ended March 31, 2009, Thinksoft’s profit after tax stood at Rs.14.49 crores on gross revenue of Rs. 95.66 crores. Revenue has grown at CAGR of 43.5% over the past four years. The company focuses on offshore business model for providing testing services to the Banking and Financial sector.
Who are the underwriters of the Thinksoft Global IPO?
No info about that.
What are the analysts recommendations for this IPO?
The recommendations are positive, given the future prospects, expansion plans and healthy order book of the company
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