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Excel Infoways Limited IPO (Excel Infoways IPO) Detail

July 14, 2009 - July 17, 2009

Excel Infoways IPO is a book built issue of Rs 48.17 crores.

Excel Infoways IPO bidding started from July 14, 2009 and ended on July 17, 2009. The shares got listed on BSE, NSE on August 3, 2009.

Excel Infoways IPO price band is set at ₹80 to ₹85 per share. The minimum lot size for an application is 80 Shares. The minimum amount of investment required by retail investors is ₹6,800.

Chartered Capital And Investment Limited is the book running lead manager of the Excel Infoways IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Excel Infoways IPO RHP for detailed information.

Excel Infoways IPO Details

IPO Date July 14, 2009 to July 17, 2009
Listing Date August 3, 2009
Face Value ₹10 per share
Price Band ₹80 to ₹85 per share
Lot Size 80 Shares
Total Issue Size5,667,000 shares
(aggregating up to ₹48.17 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue15,501,700
Share holding post issue21,168,700

Excel Infoways IPO Reservation

Excel Infoways IPO offers 5,667,000 shares. 2,833,500 (50.00%) to QIB, 850,050 (15.00%) to NII, 1,983,450 (35.00%) to RII. 24,793 RIIs will receive minimum 80 shares and (sNII) and (bNII) will receive minimum 2,400 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered2,833,500 (50.00%)NA
NII (HNI) Shares Offered850,050 (15.00%)
Retail Shares Offered1,983,450 (35.00%)24,793
Total Shares Offered5,667,000 (100%)

Excel Infoways IPO Lot Size

Investors can bid for a minimum of 80 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 80 ₹6,800
Retail (Max) 29 2320 ₹197,200
Lot Size Calculator

Excel Infoways IPO Promoter Holding

Lakhmendra Khurana
Ranjana Khurana

Share Holding Pre Issue 96.3%
Share Holding Post Issue 70.52%

About Excel Infoways Limited

Incorporated in 2003, Excel Infoways Ltd is an ISO 27001:2005 certified Company. Excel Infoways Limited is a leading customer contact centre providing Voice Based Services in the areas of Collections, Telemarketing and Customer Care. Excel Infoways offer a range of customer care services including outbound sales and Marketing, voice, email response, real-time chat, knowledge management, eCRM architecture.

Excel Infoways Ltd is a BPO (Business Process Outsourcing) & Customer Contact Center based in India and registered member of NASSCOM. Excel provide BPO service mostly to clients in the United States and the United Kingdom. Company presently have facility at Andheri (W) in Mumbai aggregating 150 seats and planning to set up a 300-seat facility in Mumbai at Borivali (W ) and Kandivali- Charkop in Financial Year 2009-2010.

Key Performance Indicator

Objects of the Issue (Excel Infoways IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Setting up New Facilities;
2. Strategic Invesments / Joint Ventures;
3. General Corporate Purpose;
4. Issue Related Expenses.


Excel Infoways IPO Subscription Status (Bidding Detail)

The Excel Infoways IPO is subscribed 1.97 times on July 17, 2009 5:00:00 PM. The public issue subscribed 2.64 times in the retail category, 0.49 times in the QIB category, and 5.31 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB0.49
NII5.31
Retail2.64
Total1.97
Excel Infoways Limited IPO Grading / Rating

CARE has assigned an IPO Grade 1 to Excel Infoways Limited IPO. This means as per CARE, company has Poor fundamentals. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Link to download Care rating document.

Excel Infoways IPO Prospectus

Excel Infoways IPO Rating

75
3.4
Rating:Rated 3.4 stars
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Excel Infoways IPO Listing Details

Listing Date August 3, 2009
BSE Script Code 533090
NSE Symbol EXCEL
ISIN INE688J01015
Final Issue Price ₹85 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
₹85.00
₹93.05
₹91.80
₹102.40
₹95.65
NSE
₹85.00
₹86.00
₹86.00
₹110.00
₹95.85

Check IPO Performance…

Excel Infoways Limited Contact Details

Excel Infoways Limited
Excel Infoways Limited,
31-A, Laxmi Industrial Estate,
New Link Road, Andheri (W), Mumbai–400053.
Phone: + 91-22-40309898
Email: ipo@excel-infoways.com
Website: http://www.excel-infoways.com

Excel Infoways IPO Registrar

Link Intime India Private Ltd

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

Excel Infoways IPO - Buy or Not

Excel Infoways IPO Recommendation Summary

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Brokers 0 0 0
Members 0 0 0

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Excel Infoways IPO FAQs

Excel Infoways IPO is a main-board IPO of 5,667,000 equity shares of the face value of ₹10 aggregating up to ₹48.17 Crores. The issue is priced at ₹80 to ₹85 per share. The minimum order quantity is 80 Shares.

The IPO opens on July 14, 2009, and closes on July 17, 2009.

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

The Excel Infoways IPO opens on July 14, 2009 and closes on July 17, 2009.

Excel Infoways IPO lot size is 80 Shares, and the minimum amount required is ₹6,800.

You can apply in Excel Infoways 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 Excel Infoways IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Excel Infoways IPO allotment status.

The Excel Infoways IPO listing date is on August 3, 2009.
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Excel Infoways IPO Message Board

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53 Comments

53. rama |   Link |  Bookmark |September 14, 2009 2:25:59 PM
Sell this stock.
52. venkat |   Link |  Bookmark |August 3, 2009 12:16:53 PM
hi ,
i applied for execlinfo IPo , i got the messages , the shares is allocated to my iil demat account, but it is not showing , can u give me suggetions , who is the contact person .

Venkat
51. IPOKING |   Link |  Bookmark |August 2, 2009 5:49:24 PM
LISTING AT -(90 TO 95)
DAYS HIGHEST- 101
DAYS LOWEST- 72
CLOSING AT -(80-85)
50. Nishith & Utsav Sanghvi |   Link |  Bookmark |August 2, 2009 11:39:38 AM
It will List above 150.
49. shihan shah |   Link |  Bookmark |August 1, 2009 5:17:31 PM
how many shares hv been alloted to those who has given full application..
48. Vikas Kukreja |   Link |  Bookmark |August 1, 2009 2:31:10 PM
The closing price on the date of lisitng will be 150+.
47. DV INVESTMENT |   Link |  Bookmark |July 31, 2009 9:29:59 PM
Excel Infoways IPO Listing Date at August 3, 2009 @ Issue Price : 85 Listing: BSE, NSE ISIN:INE688J01015
46. CA NITIN |   Link |  Bookmark |July 31, 2009 4:30:13 AM
why not co gave the information abt the year 2009????
any reason behind it????
pls not tell......due to non audited///////
45. vishy |   Link |  Bookmark |July 30, 2009 3:06:41 PM
got 680 shares on full application....got refund also yesterday..
44. Sunit Sethia |   Link |  Bookmark |July 30, 2009 8:55:12 AM
Excel will list on Monday 3rd Aug.
43. rama |   Link |  Bookmark |July 18, 2009 12:58:55 PM
If anybody have applied to this IPO, flip the shares on the day of listing. Take your gains and then go for sleep.
Disclosure: I have not applied for this IPO.
Rama
42. sebi |   Link |  Bookmark |July 17, 2009 9:21:04 PM
all the retail bidder will get full share because co itself have applied for lots of application to subscribe the issue.
41. vishy |   Link |  Bookmark |July 17, 2009 9:10:41 PM
This IPO going to hit the market with Bumper Listing!!!
40. MUKESH MUNNA |   Link |  Bookmark |July 17, 2009 6:07:06 PM
Finally Beeding closed
Retail 2.40 (aprox) times subscribed.
39. JONTY |   Link |  Bookmark |July 17, 2009 11:36:48 AM
TODAY IS LAST DATE BUT I AM SURE THAT IT WILL NOT BE FULLY SUBSCRIBED & PROMOTERS WILL BE FORCED TO REDUCE THE PRICE BAND OR MAY WITHDRAW IPO...
DON'T APPLY...

See what happened to Mahindra...It is Mahindara though because of high valuation it is not performing good so think what will happen to Excelway.... instead wait for Adani power, NHPC,Oil India..
38. marketnews |   Link |  Bookmark |July 15, 2009 6:48:14 PM
Subscription:

FII/DII/MF = 0.0000 %
HNI = 0.3875 %
RETAIL = 0.1263 %

Overall = 0.1023 %

I think Company itself is applying for it's own IPO...& Whoever has applied they will withdraw application last day or will do sto payment..
37. BigBulls |   Link |  Bookmark |July 15, 2009 6:35:20 PM
The Adani Power IPO would be one of the biggest IPOs in the power space that will hit the market after a long time. This is the second time they are approaching the market. CNBC-TV18’s Varinder Bansal learns from sources that the IPO would open on the July 28 and closing on July31. The price range which is being talked is Rs 100-110; that means the company will be raising anywhere between Rs 3,300 to 3,700 crore if this price range is to be believed.

Here is a verbatim transcript of the exclusive interview with Varinder Bansal on CNBC-TV18. Also watch the accompanying video.

One risk which is associated with this company is that the total operational capacity which the company is planning is around 9,900 MW but only 330-350 MW which is operational. So there is no operational, no financial history to go by this company meaning you don’t have any numbers where you can base the pricing of this company. Also if you see the debt equity in the power company it is around 3.5-4 times, in the company itself there is an equity around Rs 6,000 crore (six thousand crore) and debt of nearly Rs 22,000 crore (twenty-two thousand crore) and so you are dealing with high debt-equity in this company.

The funding is needed for Mundra and Tiroda Power projects of which only 330 MW is operational. It is also important to note that 33% of promoter holding is pledged with ICICI Bank, which means around 54 crore shares out of 153 crore shares is pledged.

The Pre IPO placement was done to 3i at a price of nearly Rs 47 per share and that was done in April 2008, so the pre IPO placement of Rs 47 per share and now the company is looking anywhere between Rs 100-110 per share.

One stock which has been highly buzzing on back of this Adani Power IPO is Adani Enterprise which is a listed entity and that is because Adani Enterprise holds nearly 153 crore shares in Adani Power, which is going to be coming up with an IPO. If you just assume Rs 100 the total value of that stake in Adani Power comes to around Rs 15,300 crore (fifteen thousand three hundred crore) and if we count Rs 110 per share then it goes to Rs 16,800 crore and that is the reason you are seeing the push in Adani Enterprise and the stock is in upper circuit today.


Moneycontrol
36. IPO KING |   Link |  Bookmark |July 14, 2009 7:39:44 PM
ADANI POWER KA IPO 27 JULY KO OPEN HOGA AUR 31 JULY KO BAND HOGA
110-120 PRICE BAND HAI,
DOSTO ISME APNE MONEY INVEST KARNA LAKIN IS MAHA CHOR COMPANY
ME KABHI BHI INVEST MAT KARNA,,,,,,,,LOOOT JAOGE,,,,
35. Anonymous |   Link |  Bookmark |July 14, 2009 7:23:59 PM
Do not even touch this share. All figures are fabricated. No one in BPO industry can maintain 50%+ profits. All family members or bureaucrats with no experience are listed as the core team members.
34. Bunty |   Link |  Bookmark |July 14, 2009 5:42:34 PM
yeh company toh chor lagti hai. Just check out the website ..all directors are inexperienced and shakal se hi chor dikhte hai. Dont subscribe to this IPO...
You will surely loose money if you invest in this IPO