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InfoBeans Technologies IPO
InfoBeans 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.
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Promoters of InfoBeans Technologies – Siddharth Sethi, Avinash Sethi and Mitesh Bohra
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InfoBeans Technologies IPO details |
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| Subscription Dates | 18 – 21 Apr 2017 |
| IPO Price band | INR58 per share |
| Fresh issue | 6,342,000 shares (INR36.8 crore) |
| Offer for sale | Nil |
| Total IPO size | 6,342,000 shares (INR36.8 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge platform |
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InfoBeans Technologies’ financial performance (in INR crore) |
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| Â FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | 9M FY2017 | |
| Total revenue | 24.0 | 33.3 | 38.1 | 43.0 | 74.4 | 62.7 |
| Total expenses | 21.2 | 26.3 | 30.8 | 36.7 | 58.6 | 53.4 |
| Profit after tax | 2.2 | 6.3 | 7.0 | 5.5 | 13.1 | 7.8 |
| Day |
Subscription (no. of times) |
| Day 1 | Â 0.37 |
| Day 2 | Â 1.34 |
| Day 3 | Â 4.92 |
| Day 4 | Â 31.19 |
Infobeans Technologies Limited
601-602, Rafael Tower 8/2, Old Palasia
Indore – 452 001
Phone:Â +91 731 670 4000
Email: [email protected]
Website:Â www.infobeans.com
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
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 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
IPO Opening Date: 18 April 2017
IPO Closing Date: 21Â 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)
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;
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..
why co has given dividend at 3-5% only in previews year
What i understood info bean is a closely hold company and to avoid taxes divident pay is less. In past divident given is good
co remitting funds to subsi cos irrespective of continious loss
One of the objective of the IPO is to invest in subsidaries for business growth. this is mentioned in the prospect
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
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
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.
This is SME IPO, in which application is Rs. 100000/- an above, but in main board ipo’s, application size remains Rs. 15000+, it is the difference between SME and Main Board IPO.
Hi ankit,
how to apply for sme ipo??
it is not coming in hdfc sec.
thanks
apply through bank of india net banking
Please share review for short term apply or not?
Without doubt, this is going to be a multibagger stock. Keep holding if you get shares.
issue looks good to hold
is it a goog ipo to invest? and can we sell them on the day of listing?
Looks like it will be good investment. Latest number shows retail part is oversubscribed.
4.5 times to be precise
INFOBEANS TECHNOLOGIES LTD WILL BE MULTIBAGGER AFTER 2 OR 3 YEARS THOSE WHO WILL HOLD STOCK FOR 3 YAER PRICE TARGET 500
infobean technoloy allotment date???
Allotment will be out on 27 Apr
When shall listed infobean Technology ????
********infobean technoloy allotment date PLEASE*********
allotment done..
again unlucky in infobeans IPO
Reddy ji you can bid on first day then u will get
That’s wrong , I bid on last day and I got.
********infobean technoloy listing date************ Please
2 may 2017 listing price will be around 75
I got allotment of infobean.
Any idea when is it getting listing on sme??
2 may 2017 listing price will be around 75
What is advisable with this? Any short term and long term target?
HOW MANY DAYS WILL HOLD THIS IPO ????????