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Allied Digital Services Limited IPO (Allied Digital IPO) Detail

July 2, 2007 - July 5, 2007

Allied Digital IPO is a book built issue of Rs 85.93 crores.

Allied Digital IPO bidding started from July 2, 2007 and ended on July 5, 2007. The shares got listed on BSE, NSE on July 25, 2007.

Allied Digital IPO price band is set at ₹170 to ₹190 per share. The minimum lot size for an application is 35 Shares. The minimum amount of investment required by retail investors is ₹6,650.

Anand Rathi Securities Limited is the book running lead manager of the Allied Digital IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Allied Digital IPO RHP for detailed information.

Allied Digital IPO Details

IPO Date July 2, 2007 to July 5, 2007
Listing Date July 25, 2007
Face Value ₹10 per share
Price Band ₹170 to ₹190 per share
Lot Size 35 Shares
Total Issue Size4,522,435 shares
(aggregating up to ₹85.93 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue12,767,305
Share holding post issue17,289,740

Allied Digital IPO Lot Size

Investors can bid for a minimum of 35 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 35 ₹6,650
Retail (Max) 30 1050 ₹199,500
Lot Size Calculator

Allied Digital IPO Promoter Holding

Share Holding Pre Issue 79.5%
Share Holding Post Issue 58.71%

About Allied Digital Services Limited

Incorporated in 1995, Allied Digital Services Limited IT Infrastructure management and Technical Support Services outsourcing Company. ADSL deliver strategic, personalized, full-service Technical Support services solutions to its global, large and medium enterprises and service providers.

Allied Digital has its unique direct presence at 92 locations in 25 states catering to more than 450 cities countrywide through its human resource of more than 1050 personnel. Its offerings address various business verticals – BFSI, Telecom, Retail, Aviation, Manufacturing, Energy, e-Governance and Hospitality to name a few. Company was awarded 'Most Comprehensive Solutions Provider' by Data Quest (DQ) this year.

Allied Digital has grown at a CAGR of 58% over the last three years. The operating income of the company for the year ended March 31, 2007, was Rs 156.03 crore and the net profit after tax was Rs 22.93 crore. The order book stands at Rs 107.81 crore as on June 12, 2007 of which Rs 54.70 crore belongs to services segment and Rs 53.11 crore to solutions segment.

Key Performance Indicator

Objects of the Issue (Allied Digital IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
1. Setting up of a new Corporate Office;
2. Upgradation and Expansion of Existing Infrastructure;
3. Setting up of new Strategic Business Units;
4. Strategic Acquisition;
5. Financing Working Capital Requirements.


Allied Digital IPO Subscription Status (Bidding Detail)

The Allied Digital IPO is subscribed 60.87 times on July 5, 2007 5:00:00 PM. The public issue subscribed 38.08 times in the retail category, 74.04 times in the QIB category, and 88.69 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Allied Digital IPO Prospectus

Allied Digital IPO Rating

199
4.0
Rating:Rated 4.0 stars
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Allied Digital IPO Listing Details

Listing Date July 25, 2007
BSE Script Code 532875
NSE Symbol ADSL
ISIN INE102I01027
Final Issue Price ₹190 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹190.00
₹332.50
₹309.50
₹370.50
₹331.80
NSE
₹190.00
₹332.50
₹308.40
₹370.50
₹330.15

Check IPO Performance…

Allied Digital Services Limited Contact Details

Allied Digital Services Limited
Allied Digital Services Limited,
375, J.S.S Road, 5th Floor,
Vidyut, Mumbai – 400 002, India
Phone: +91-22-2200 2020
Email: ipo@alliedindia.com
Website: http://www.alliedindia.com

Allied Digital IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: alliedipo@intimespectrum.com
Website: https://linkintime.co.in/initial_offer/public-issues.html

Allied Digital IPO - Buy or Not

Allied Digital IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 2 0 0
Members 0 0 0

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Allied Digital IPO FAQs

Allied Digital IPO is a main-board IPO of 4,522,435 equity shares of the face value of ₹10 aggregating up to ₹85.93 Crores. The issue is priced at ₹170 to ₹190 per share. The minimum order quantity is 35 Shares.

The IPO opens on July 2, 2007, and closes on July 5, 2007.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Allied Digital IPO opens on July 2, 2007 and closes on July 5, 2007.

Allied Digital IPO lot size is 35 Shares, and the minimum amount required is ₹6,650.

You can apply in Allied Digital IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Allied Digital IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Allied Digital IPO allotment status.

The Allied Digital IPO listing date is on July 25, 2007.
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Allied Digital IPO Message Board

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589 Comments

589. Pappupb |   Link |  Bookmark |January 2, 2008 12:52:40 PM
any idea why allied digital is running.Should one hold or exit?
Thanks
588. sk |   Link |  Bookmark |August 9, 2007 12:14:09 PM
Company Name: Omnitech Infosolutions Limited
Application Details
Sole / 1st Applicant:
Cut off Price: 105
Shares applied: 900

Allotment Details
Shares Allotted: NIL
587. ashu |   Link |  Bookmark |August 6, 2007 5:26:26 PM
book profit in allied
586. Rans |   Link |  Bookmark |August 6, 2007 4:19:33 PM
it may cross Rs.350/- tomarrow
585. satish |   Link |  Bookmark |August 4, 2007 5:09:28 PM
adsl may cross 400/ rs with in 15 days. strong buy.
584. sree |   Link |  Bookmark |July 31, 2007 3:52:26 PM
Hi Company is having good fundamentals and prspects. only becz of market out look it is not in the ride i believe. Infy taking over is a mere creation. Top three IT majors going out for a buy out in Outside india.. this one is good imagination i believe..
583. strong buy |   Link |  Bookmark |July 27, 2007 10:48:06 PM
infosys will going to buy 49% stake in adsl in near future**(**:-rumer's only all depend on future whether it might happen or not)
strong buy:assam company,pstl,orient papar,
582. hi |   Link |  Bookmark |July 27, 2007 12:31:33 PM
Neha Please check with Intime Spectrum Registry Ltd and your bank. The return cheque goes back to the registrar.
581. sree |   Link |  Bookmark |July 26, 2007 3:53:29 PM

lot of speculation spreading that ADSL may move 400+ and 500 + in few days. but it is around 330 last three days. if Market trent is +ve we can see a uptrend soon. HDIL spurted up to 623 today..
580. bapi |   Link |  Bookmark |July 26, 2007 11:19:58 AM
is any one got refund throgh ecs having uti bank account?
i have not got till today.
579. strong buy |   Link |  Bookmark |July 25, 2007 10:26:16 PM
mkt in confused phase.adsl will move to 380 level in very near future(2week) .good for long term (year end target 550+.)positive : very few people got 35 shares as an allotment.do not short this script because very few actual seller & have reason to go up.( good technical & fundamental reason.)
578. brijesh |   Link |  Bookmark |July 25, 2007 8:54:42 PM
it may touch 400+ next week....
577. Lalit |   Link |  Bookmark |July 25, 2007 5:54:34 PM
Hi, Can any one suggest whether this share is goin to dip
further from current level or one can forsee this touching
400 level in near future. Expert advice needed.
576. gapoo |   Link |  Bookmark |July 25, 2007 5:48:57 PM
hai all, please be informed that i have bought 375 shares today at 335 average nidhi, pankhu, surya please take informed decidision and buy it tomarrow because i believe that the company has excellent business model with robust earnings it will certainly quote 450 orso if market condition remains positive, and if market drops to 13000 or so u will still be able to sell this share at 300 or so. therefore buy tomarrow definitely u will earn handsome money i know that pankhu and u have not received any share in allotment in allied so make up the loss by buying from market, buy by
575. sree |   Link |  Bookmark |July 25, 2007 3:33:16 PM
Why this share is not moving ..is it becz of Market trend? Infosys aquisition may move it on tomorrow? Any chance for it to move past 400+ this week ?
please suggest?
574. RAJ METHA |   Link |  Bookmark |July 25, 2007 3:26:02 PM
This share will go upto 355+ intraday, despite of market remains in red.
573. dhiman |   Link |  Bookmark |July 25, 2007 1:13:20 PM
Have abybody received the refund applied through HDFC Sec.
572. NAVEEN |   Link |  Bookmark |July 25, 2007 11:48:15 AM
Hi All,
So So listing due to market trends.
Allotte can wait, INTRA DAY , be alert.
One Surprising thing,
today morning by 5 AM, i checked Chittorgarh & found one msg for its listing price.
It was written over here 332.5
exactly same price what is opened today.
& now that msg is vanished.
Who is that chap.
I am sure he was operator only.
No high price of the day was mentioned.
" it will list at 332.5. Repeat it will list at 332.5"
it was the msg.
Whoever is he, pls be in contact to tell further listing.
Thanks in advance.
Wait till 1 PM for intra guys
571. Allied |   Link |  Bookmark |July 25, 2007 11:37:24 AM
Source : Money Control.com

Allied Digital may cross Rs 400 mark on listing:

After receiving good response to its initial public offer (IPO), Allied Digital Services, an IT Infrastructure Management Services provider in India, will list on the bourses with 1,72,89,740 shares on July 25, 2007. The issue price fixed at Rs 190 per share.

Analysts told Moneycontrol.com that the expected listing price for the stock will be around Rs 325-350 and advised to book profits above Rs 350.

R S Iyer of KR Choksey Securities says, "Allied Digital is expected to list above Rs 325 mark. If the market situation supports the stock, then it may go up to Rs 400-425. Above Rs 400, investors can book profits. They can also hold the stock for short term."

According to Investment Advisor, S P Tulsian, "The stock is likely to list at around Rs 340-350. Investors should book profits above Rs 350 and remained invested below Rs 320 level."

Manish Bhatt of Prabhudas Lilladher says, "Allied will list with premium of Rs 155-160. Investors should book partial profits at around Rs 350-400 and hold with the balance."

The grey market premium is at around Rs 145-150 on the stock.

The company had come out with an IPO of 45,22,435 equity shares of Rs 10 each at a price band of Rs 170-190 and subscribed 60.37 times.

The objects of the issue includes setting up a Global Service Delivery Centre in Mumbai, strategic acquisitions, upgradation and expansion of existing infrastructure, setting up new Strategic Business Units and financing working capital requirements.

Allied Digital operates in diversified segments both in Solutions viz. IT solutions, Networking and Communication solutions, Integrated solutions and Software solutions and in Services viz. IT Infrastructure Management Services, T-BPO and Remote Management Services to its customers pan India. Recently, the company had a strategic tie-up with Echelon Corporation to foray into Intelligent Building Management and Energy Management Solutions.

The sole book running lead manager to the issue is Anand Rathi Securities, Advisors to the issue is Religare Securities and Syndicate Members to the issue is ENAM Securities Pvt. Ltd. and Anand Rathi Securities and Intime Spectrum Registry is the registrar to the issue.
570. Ritesh |   Link |  Bookmark |July 25, 2007 11:29:44 AM
Sell or hold for day
CMP 350