The GSS America Infotech IPO is a book-built offering for Rs 139.90 crore. GSS America Infotech’s initial public offering (IPO) began on February 11, 2008 and ended on February 15, 2008. On March 7, 2008, the shares were listed on the BSE and NSE. The pricing range for GSS America Infotech’s IPO is $400 to $440 per share. An application requires a minimum lot size of 15 shares. Retail investors must make a minimum investment of $6,600.
GSS America Infotech Ltd (GSS), founded in 1999, is a prominent Global IT Services firm focusing on offering scalable and cost-effective IT solutions through the Global Delivery Model. GSS America has established itself as a premier provider of IT services that alter company performance and operational success, with expertise in IT Consulting, Enterprise Application Integration, and IT Infrastructure Management. The company’s primary technological partners include Microsoft, TIBCO, and BEA. Ernst & Young, Blue Cross Blue Shield of North Carolina,
BMC Software, Kelly Services, Thomson, Aurora Healthcare, WR Grace & Co, TDS Telecom, Pepsi Co, and others are among GSS’s clients. As a risk-mitigation strategy, the Company has diversified its portfolio of service offerings by purchasing profitable IT services companies in the United States. GSS has software solution design/development centres and marketing offices in Chicago, Illinois, as well as Global Delivery Centres in Hyderabad, India.
GSS America Infotech IPO Details
| IPO Date | February 11, 2008 to February 15, 2008 |
| Listing Date | March 7, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹400 to ₹440 per share |
| Lot Size | 15 Shares |
| Total Issue Size | 3,497,495 shares (aggregating up to ₹139.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
GSS America Infotech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹6,600 |
| Retail (Max) | 30 | 450 | ₹198,000 |
Objects of the Issue (GSS America Infotech IPO Objectives)
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
- Setting up of state of the art Global Delivery Centre at Hyderabad with 1000 seater capacity. This would involve construction of a building, doing its interiors, along with purchase of computers and other equipments;
- Setting up overseas offices;
- Meeting working capital requirement;
- Acquisitions;
- Meet general corporate purposes;
- Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.
GSS America Infotech IPO Listing Details
| Listing Date | March 7, 2008 |
| BSE Script Code | 532951 |
| NSE Symbol | GSS |
| ISIN | INE871H01011 |
| Final Issue Price | ₹400 per share |
GSS America Infotech Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹400.00 | ₹400.00 |
| Open | ₹400.00 | ₹380.00 |
| Low | ₹400.00 | ₹370.00 |
| High | ₹508.35 | ₹540.00 |
| Last Trade | ₹500.65 | ₹500.80 |
GSS America Infotech Ltd Contact Details
GSS America Infotech Ltd
Wing – 2, 3rd Floor, Block B, Cyber Gateway,
Hitech City,
Madhapur, Hyderabad – 500081, India
Phone: +91-40-4002 8700
Email: [email protected]
Website: http://www.gssamerica.com
GSS America Infotech IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com
GSS America Infotech IPO FAQs:
Q1. What is GSS America Infotech IPO?
Ans. GSS America Infotech IPO is a main-board IPO of 3,497,495 equity shares of the face value of ₹10 aggregating up to ₹139.90 Crores. The issue is priced at ₹400 to ₹440 per share. The minimum order quantity is 15 Shares. The IPO opens on February 11, 2008, and closes on February 15, 2008. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Q2. When GSS America Infotech IPO will open?
Ans. The GSS America Infotech IPO opens on February 11, 2008 and closes on February 15, 2008.
Q3. What is the lot size of GSS America Infotech IPO?
Ans. GSS America Infotech IPO lot size is 15 Shares, and the minimum amount required is ₹6,600.
Q4. How to apply for GSS America Infotech IPO?
Ans. You can apply in GSS America Infotech 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.
Q5. When is GSS America Infotech IPO allotment?
Ans. The finalization of Basis of Allotment for GSS America Infotech IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
Q6. When is GSS America Infotech IPO listing date?
Ans. The GSS America Infotech IPO listing date is on March 7, 2008.
