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MindTree IPO is a book built issue of Rs 237.72 crores.
MindTree IPO bidding started from February 9, 2007 and ended on February 14, 2007. The shares got listed on BSE, NSE on March 7, 2007.
MindTree IPO price band is set at ₹365 to ₹425 per share. The minimum lot size for an application is 15 Shares. The minimum amount of investment required by retail investors is ₹6,375.
J.P. Morgan India Private Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the MindTree IPO, while Mondkar Computers Private Limited is the registrar for the issue.
Refer to MindTree IPO RHP for detailed information.
| IPO Date | February 9, 2007 to February 14, 2007 |
| Listing Date | March 7, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹365 to ₹425 per share |
| Lot Size | 15 Shares |
| Total Issue Size | 5,593,300 shares (aggregating up to ₹237.72 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 31,695,237 |
| Share holding post issue | 37,288,537 |
Investors can bid for a minimum of 15 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 | 15 | ₹6,375 |
| Retail (Max) | 31 | 465 | ₹197,625 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 42.23% |
| Share Holding Post Issue | 35.9% |
MindTree Consulting is an international IT company that delivers business and technology solutions through global software development. Co-headquartered in Somerset, New Jersey and Bangalore, India, the company's seasoned management team and employees skilled in technology, business analysis and project management approach technology initiatives in a business context.
Organization Structure:
MindTree has two business lines – Information Technology Services ("IT Services") and Research and Development Services ("R&D Services"):
IT Services comprise IT strategic consulting, application development, data warehousing and business intelligence, application maintenance, package implementation and application product engineering services;
R&D Services are organised into two divisions – Engineering, which provides product realisation services to technology and product firms including product architecture and product design, product re-engineering and product assurance; and Research, which conceives and develops intellectual property primarily in the short range wireless communication segment and licenses and customises such intellectual property.
Clients:
MindTree's top customers included three Fortune 10 companies and six additional Fortune 100 companies, such as American International Group and United Technologies Corporation.
Financial brief:
MindTree has achieved substantial growth in revenues in recent years. MindTree's revenues grew at a compound annual growth rate of 46.9% from Rs. 656.0 million in Fiscal 2001 to Rs. 4,488.0 million (approximately US$101.6 million) in Fiscal 2006.
MindTree's net profit grew at a compound annual growth rate of 360.2% from Rs. 25.6 million in Fiscal 2004 to Rs. 542.1 million (approximately US$ 12.3 million) in Fiscal 2006.
MindTree's people strength increased from 442 as of March 31, 2001 to 3,128 as of March 31, 2006.
| KPI | Values |
|---|---|
| RoNW | 41.76% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital for
1. Fund a new development centre in Chennai;
2. Prepay certain loans.
The MindTree IPO is subscribed 103.28 times on February 14, 2007 5:00:00 PM. The public issue subscribed 30.06 times in the retail category, 156.98 times in the QIB category, and 134.96 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | March 7, 2007 |
| BSE Script Code | 532819 |
| NSE Symbol | MINDTREE |
| ISIN | INE018I01017 |
| Final Issue Price | ₹425 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹425.00 |
| ₹599.00 |
| ₹575.20 |
| ₹678.80 |
| ₹620.30 |
| NSE |
|---|
| ₹425.00 |
| ₹627.00 |
| ₹576.00 |
| ₹673.75 |
| ₹621.20 |
MindTree Consulting Limited
MindTree Consulting Limited,
MindTree House, No. 3, Block A, No. 42, 27th Cross
Banashankari 2nd Stage, Bangalore 560 070, India
Phone: (91 80) 2671 1777
Email: investors@mindtree.com
Website: http://www.mindtree.com
Mondkar Computers Private Limited
Phone: 022 - 2836 6620 / 2825 7641
Email: mindtree_ipo@mondkarcomputers.com
Website: https://www.unisec.in/
MindTree IPO is a main-board IPO of 5,593,300 equity shares of the face value of ₹10 aggregating up to ₹237.72 Crores. The issue is priced at ₹365 to ₹425 per share. The minimum order quantity is 15 Shares.
The IPO opens on February 9, 2007, and closes on February 14, 2007.
Mondkar Computers Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The MindTree IPO opens on February 9, 2007 and closes on February 14, 2007.
MindTree IPO lot size is 15 Shares, and the minimum amount required is ₹6,375.
You can apply in MindTree 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 MindTree IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the MindTree IPO allotment status.
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