IT solution provider, GSS America Infotech, has surged to a high of Rs 508.35 before closing the day at Rs 500.65, with 25.16% premium over its issue price of Rs 400. The stock remained in the limelight through the day despite severe correction in markets (Sensex lost more than 850 points, closed down 566 points at 15,975). It traded with volumes of 1,39,82,399 shares on the BSE.
Bhargav Marepelly, CEO & Managing Director of GSS America Infotech said that their FY09 sales are pegged at over Rs 500 crore and PAT at Rs 95 crore. Meanwhile, GSS’s FY09 EPS is being seen at Rs 76, this is not including the inorganic growth planned. Marepelly said that though they are dependant on the US to some extent, the mix would change by FY09 with the inclusion of Singapore and Dubai operations.
The stock opened at Rs 380 on the NSE, and touched a high/low of Rs 540 and Rs 370, respectively. GSS America rose by 25.20% or Rs 100.80, to settle at Rs 500.80. It traded with volumes of 1,06,25,651 shares and turnover at Rs 504.42 crore.
The company had entered capital market with a public issue of 34,97,495 equity shares of Rs 10 each at a price band of Rs 400 to Rs 440 per equity share. The issue got subscribed 1.08 times.
Source: Moneycontrol.com
Showing posts with label GSS America Infotech IPO. Show all posts
Showing posts with label GSS America Infotech IPO. Show all posts
Friday, March 7, 2008
GSS America debuts at Rs 400
GSS America Infotech, IT solution provider has listed at its issue price of Rs 400 and touched a high of Rs 475 in early trade as good buying support seen in the stock. It was trading with volumes of 6,83,294 shares.
At 10 am, the shares was quoting at Rs 456, up by 14% or Rs 56 on the BSE.
On the NSE, the share opened below issue price, at Rs 380, down by Rs 20. It has hit a high/low of Rs 540 and Rs 370, respectively. It was quoting at Rs 465, up by Rs 65 or 16.25%, with volumes of 3.65,861 shares. The turnover was at Rs 16.5 crore.
The company had entered capital market with a public issue of 34,97,495 equity shares of Rs 10 each at a price band of Rs 400 to Rs 440 per equity share. The issue got subscribed 1.08 times.
The Company's present operations can be classified into two areas namely Enterprises Application Integration, (EAI) Infrastructure Management and Managed Services (IM/MS).
Its clientele include major Fortune 1000 companies like Ernst & Young, Blue Cross Blue Shield of NC, BMC Software, Thomson, WR Grace & Co, TDS Telecom, Pepsi Co, etc.
Source: Moneycontrol.com
At 10 am, the shares was quoting at Rs 456, up by 14% or Rs 56 on the BSE.
On the NSE, the share opened below issue price, at Rs 380, down by Rs 20. It has hit a high/low of Rs 540 and Rs 370, respectively. It was quoting at Rs 465, up by Rs 65 or 16.25%, with volumes of 3.65,861 shares. The turnover was at Rs 16.5 crore.
The company had entered capital market with a public issue of 34,97,495 equity shares of Rs 10 each at a price band of Rs 400 to Rs 440 per equity share. The issue got subscribed 1.08 times.
The Company's present operations can be classified into two areas namely Enterprises Application Integration, (EAI) Infrastructure Management and Managed Services (IM/MS).
Its clientele include major Fortune 1000 companies like Ernst & Young, Blue Cross Blue Shield of NC, BMC Software, Thomson, WR Grace & Co, TDS Telecom, Pepsi Co, etc.
Source: Moneycontrol.com
Thursday, February 14, 2008
GSS America IPO subscribed fully
The initial public offering of IT solution provider, GSS America Infotech has been subscribed 0.99 times till 5 pm today, as per data available on NSE website. The support has seen from qualified institutional investors, which portion subscribed 1.12 times till yesterday.
The issue has opened for subscription with a public issue of 34,97,495 equity shares of Rs 10 each through 100% book building process. The issue wil close on February 15, 2008 and the price band is at Rs 400 to Rs 440 per equity share of Rs 10 each.
Religare Securities Limited and Edelweiss Capital Ltd. are the BRLMs for the Issue and Bigshare Service Pvt Ltd is the Registrar to the Issue. The equity shares are proposed to be listed on BSE and NSE.
The company proposes to utilize the net proceeds of the issue for setting up of state of the art Global Delivery Centre (GDC) at Hyderabad with 1000 seater capacity, setting up overseas offices, meeting working capital requirement and for acquisitions. Presently the company is operating in India from its two Global Delivery Centers in India, one at Jubilee Hills, Hyderabad and second at Hitech City, Madhapur, Hyderabad. Further, GSS also has two GDCs in Chicago, US.
The Company's present operations can be classified into two areas namely Enterprises Application Integration, (EAI) Infrastructure Management and Managed Services (IM/MS). Its clientele include major Fortune 1000 companies like Ernst & Young, Blue Cross Blue Shield of NC, BMC Software, Thomson, WR Grace & Co, TDS Telecom, Pepsi Co, etc.
Source: Moneycontrol.com
The issue has opened for subscription with a public issue of 34,97,495 equity shares of Rs 10 each through 100% book building process. The issue wil close on February 15, 2008 and the price band is at Rs 400 to Rs 440 per equity share of Rs 10 each.
Religare Securities Limited and Edelweiss Capital Ltd. are the BRLMs for the Issue and Bigshare Service Pvt Ltd is the Registrar to the Issue. The equity shares are proposed to be listed on BSE and NSE.
The company proposes to utilize the net proceeds of the issue for setting up of state of the art Global Delivery Centre (GDC) at Hyderabad with 1000 seater capacity, setting up overseas offices, meeting working capital requirement and for acquisitions. Presently the company is operating in India from its two Global Delivery Centers in India, one at Jubilee Hills, Hyderabad and second at Hitech City, Madhapur, Hyderabad. Further, GSS also has two GDCs in Chicago, US.
The Company's present operations can be classified into two areas namely Enterprises Application Integration, (EAI) Infrastructure Management and Managed Services (IM/MS). Its clientele include major Fortune 1000 companies like Ernst & Young, Blue Cross Blue Shield of NC, BMC Software, Thomson, WR Grace & Co, TDS Telecom, Pepsi Co, etc.
Source: Moneycontrol.com
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