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IT People FPO is a book built issue of Rs 45.25 crores.
IT People FPO bidding started from August 27, 2007 and ended on August 31, 2007.
IT People FPO price band is set at ₹30 to ₹32 per share. The minimum lot size for an application is 200 Shares. The minimum amount of investment required by retail investors is ₹6,400.
Khandwala Securities Limited and Religare Securities Ltd are the book running lead managers of the IT People FPO, while Mondkar Computers Private Limited is the registrar for the issue.
Refer to IT People FPO RHP for detailed information.
| IPO Date | August 27, 2007 to August 31, 2007 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹30 to ₹32 per share |
| Lot Size | 200 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹45.25 Cr) |
| Issue Type | Book Built Issue FPO |
| Listing At | BSE |
| Share holding pre issue | 53,277,500 |
Investors can bid for a minimum of 200 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 | 200 | ₹6,400 |
| Retail (Max) | 31 | 6200 | ₹198,400 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 63.17% |
| Share Holding Post Issue |
Incorporated in January 2000, IT People (India) Ltd is in the business of eRecruitment, Consulting and Outsourcing for IT industry in India. IT People (India) Ltd is a publicly listed company in BSE (Bombay Stock Exchange).
The e-Recruitment Portal of the company provides platform for employers, placement consultants, jobseekers and research companies in the IT Industry to post, search, advertise, and use researched information pertaining to their areas of interest.
IT People consulting business helps its clients in understanding the vital link between business processes, technologies and resource requirements.
IT People Ltd. has been appointed as Partners for India for promoting and marketing Dubai Outsource Zone (DOZ) and helping clients to set up their outsourcing base in DOZ. IT People (India) Ltd are also the “Preferred Business Partner” globally for providing recruitment and human resource consultancy services, facility management services, and build, operate and transfer services.
| KPI | Values |
|---|---|
| RoNW | 36.05% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
1. Investment in Technology Infrastructure & Product Enhancement;
2. Marketing and Business Expansion;
3. Buying/Leasing of Office Premises;
4. Long Term Working Capital.
The IT People FPO is subscribed 0.30 times on August 30, 2007 5:00:00 PM. The public issue subscribed 0.05 times in the retail category, 0.47 times in the QIB category, and 0.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
August, 30 2007: Khandwala Securities Ltd & Religare Securities Ltd (Book Running Lead Managers (BRLM's)) for the Further Public Issue of the Company, have informed BSE that the Company has decided not to proceed with the issue, in terms of para 2 appearing on page no 112 of the Red Herring Prospectus.
The application money received from the applicants will be refunded in terms of the Red Herring Prospectus.
The Company has decided with the consent of the Board, not to follow through it’s current FPO, as certain key strategic investors have proposed for providing of long term equity participation in the Company. This would substantially complement and strengthen the company’s long term plans and strategies.
The Company received a favorable response from the QIB & HNI participants in the FPO but due to a lack of response to desired levels from the retail investors (inspite of the issue been completely underwritten by the BRLM’s) the Company has decided to withdraw the issue. The Company will take the opportunity of moving ahead with the interest shown by strategic investors.
IT People (India) Limited
IT-People House, A. K. Industrial Estate,
Veer Savarkar Flyover, S.V.Road,
Goregaon (West), Mumbai 400 062, India
Phone: +91 22 2878 6600
Email: crbhagwat@it-people.com
Website: http://itpeopleltd.in
Mondkar Computers Private Limited
Phone: 022 - 2836 6620 / 2825 7641
Email: itpil.fpo@tsrdarashaw.com
Website: https://www.unisec.in/
IT People FPO is a main-board FPO of [.] equity shares of the face value of ₹2 aggregating up to ₹45.25 Crores. The issue is priced at ₹30 to ₹32 per share. The minimum order quantity is 200 Shares.
The FPO opens on August 27, 2007, and closes on August 31, 2007.
Mondkar Computers Private Limited is the registrar for the FPO. The shares are proposed to be listed on BSE.
The IT People FPO opens on August 27, 2007 and closes on August 31, 2007.
IT People FPO lot size is 200 Shares, and the minimum amount required is ₹6,400.
You can apply in IT People FPO 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 IT People FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the IT People FPO allotment status.
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RHP
hope in future all these robbers price their IPO at a decent price