InfoBeans Technologies Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,406,000 (38%) | — | ₹1,395 Cr |
| NII (HNI) | — | 606,000 (10%) | — | ₹35 Cr |
| Retail | — | 3,012,000 (47%) | — | ₹1,747 Cr |
| Market Maker | — | 318,000 (5%) | — | ₹18 Cr |
| Σ Total | — | 6,342,000 (100%) | — | ₹36,784 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹116,000 |
| Retail (Max) | 13 | 26,000 | ₹1,508,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,624,000 |
| B-HNI (Min) | 67 | 134,000 | ₹7,772,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31-Dec-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue | 507 | 621 | 354 |
| Profit After Tax | 7,158 | 136 | 54 |
| Total Assets | 552 | 469 | 311 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Acquisitions and Other Strategic Initiatives – 14.50
- Technical Development – 8.20
- Investment in the Subsidiaries – 5.00
- Advertising and Sales Promotion – 1.75
- General Corporate Purposes – 5.50
- Issue Expenses – 1.83
Company Overview
Incorporated in 2011, InfoBeans Technologies Ltd (ITL) is software services company which develops and maintains computer software in India and internationally. ITL’s services can be broadly categorized as storage & Virtualization, Media & Publishing and eCommerce.
Company offers automated testing services; enterprise cloud solutions to automate operations, such as IT helpdesk, asset management, enterprise service management, and virtual support workflow; UX and UI design services; and custom application development services, including application development, maintenance and support, migration, re-engineering and modernization, and quality assurance services. They also provides distributed storage systems; publishing services for web, mobile, and print, as well as format conversion services; and e-commerce solutions. In addition, the company offers hard-ware products.
In India it operates out of 2 facilities in Indore and Pune employing more than 600 people across locations. As the company has prominence in exports, it has established local presence in the North American market by way of a 100% subsidiary, which has 2 offices located in California & Georgia, USA. ITL is ServiceNow partner for implementing their software.