InfoBeans Technologies IPO

InfoBeans Technologies IPO

InfoBeans Technologies IPO

Infobeans Technologies IPOInfoBeans Technologies is engaged in software development services, specializing in business application development for web and mobile and operates at Capability Maturity Model Integration (CMMI) level 3. The company’s services can be broadly categorized as Storage & Virtualization, Media & Publishing and eCommerce. Infobeans Technologies also offers automated testing services, customizable enterprise cloud solution for IT helpdesk, asset management, enterprise service management, and virtual support workflow.

Infobeans Technologies operates out of two facilities in Indore and Pune employing more than 600 people across locations. As it is prominently in exports, it has established local presence in the North American market by way of a 100% subsidiary, which has two offices located in California & Georgia, USA.

 

Promoters of InfoBeans Technologies – Siddharth Sethi, Avinash Sethi and Mitesh Bohra

InfoBeans Technologies IPO details

Subscription Dates18 - 21 Apr 2017
IPO Price bandINR58 per share
Fresh issue 6,342,000 shares (INR36.8 crore)
Offer for sale Nil
Total IPO size6,342,000 shares (INR36.8 crore)
Minimum bid (lot size)2,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge platform

 

InfoBeans Technologies' financial performance (in INR crore)

 FY2012FY2013FY2014FY2015FY20169M FY2017
Total revenue24.033.338.143.074.462.7
Total expenses21.226.330.836.758.653.4
Profit after tax2.26.37.05.513.17.8

Infobeans Technologies IPO Subscription Details

Day

Subscription (no. of times)

Day 1 0.37
Day 2 1.34
Day 3 4.92
Day 4 31.19

Infobeans Technologies Contact Details

Infobeans Technologies Limited
601-602, Rafael Tower 8/2, Old Palasia
Indore – 452 001

Phone: +91 731 670 4000
Email: [email protected]
Website: www.infobeans.com

Valuation of Infobeans Technologies IPO (based on latest FY)

Earnings Per Share (EPS): INR7.64

Price/Earnings (P/E) ratio: 7.8

Return on Net Worth (RONW): 33.2%

Net Asset Value (NAV): INR23.18 per share

Registrar of Infobeans Technologies IPO

Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup (W), Mumbai – 400 078
Maharashtra, India

Phone: +91 22 2596 3838
Fax: +91 22 2594 6969
Email: [email protected]
Website: http://www.linkintime.co.in

Infobeans Technologies IPO Allotment Status

Infobeans Technologies IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

You can also check your IPO allotment status from your mobile at
http://linkintime.co.in/ipo

LISTING PERFORMANCE OF Infobeans Technologies IPO

IPO Opening Date: 18 April 2017

IPO Closing Date: 21 April 2017

Listing Date: 2 May 2017

Listing Price on NSE SME: INR69.6 per share (up 20% from IPO price)

Closing Price on NSE SME: INR69.6 per share (up 20% from IPO price)

34 COMMENTS

  1. I want to know about this IPO Infobeans Technologies. Is this like normal IPO ?

    Why this company has 2000 share @ 58/- but the normal IPO was maximum 15,000/- rupees deposit.

    Whether this ipo is good or not please say whether I apply in this IPO.

  2. This is Fixed Price Issue….

    Take note that this issue being fixed price issue, make only one bid at Price of Rs. 58/- and should not tick on cut off option.

    • Hi, I have applied for the same online, but i have ticked on cut-off option. Above you said should not tick on that. Please help me what is the difference? what will happen now?

      Thanks

    • Have you reviewed prospectus? Please see…. company has shown good growth and not incurred loss at all, remitting funds to subsidiary can be the expansions going on ……… as per my analysis

    • What i understood info bean is a closely hold company and to avoid taxes divident pay is less. In past divident given is good

  3. 36.8 crore is very big amount for SME IPO but valuation is attractive. It will be a hit and more popl will get allotment too..

  4. The objects of the Issue are:

    1. Acquisitions and Other Strategic Initiatives;
    2. Technical Development;
    3. Investment in their Subsidiaries
    4. Advertising and Sales Promotion;

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