The InfoBeans Technologies IPO is a fixed-price offering for Rs 36.78 crore. The IPO auction for InfoBeans Technologies began on April 18, 2017 and closed on April 21, 2017. On May 2, 2017, the shares were listed on the NSE SME. The IPO price for InfoBeans Technologies is $58 per share. A lot size of 2000 shares is required for an application. Retail investors must make a minimum investment of $160,000 to participate.
InfoBeans Technologies Ltd (ITL), founded in 2011, is a software services firm that creates and maintains computer software in India and around the world. The services provided by ITL are roughly classified as storage and virtualization, media and publishing, and eCommerce. The company provides automated testing services, enterprise cloud solutions to automate operations such as IT helpdesk, asset management, enterprise service management, and virtual support workflow, UX and UI design services, and custom application development services
such as application development, maintenance and support, migration, re-engineering and modernization, and quality assurance. They also offer distributed storage systems, web, mobile, and print publishing services, format conversion services, and e-commerce solutions. Additionally, the company sells hardware.
In India, it operates from two sites in Indore and Pune, employing over 600 people across the country. Because the company is well-known for its exports, it has built a local presence in the North American market through a 100% subsidiary with offices in California and Georgia, USA. ITL is a ServiceNow partner for software implementation.
InfoBeans Technologies IPO Details
| IPO Date | April 18, 2017 to April 21, 2017 |
| Listing Date | May 2, 2017 |
| Face Value | ₹10 per share |
| Price | ₹58 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 6,342,000 shares (aggregating up to ₹36.78 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
InfoBeans Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹116,000 |
| Retail (Max) | 1 | 2000 | ₹116,000 |
Objects of the Issue (InfoBeans Technologies IPO Objectives)
The objects of the issue are:
- Acquisitions and Other Strategic Initiatives;
- Technical Development;
- Investment in their Subsidiaries
- Advertising and Sales Promotion;
- General Corporate Purposes;
- Issue Expenses.
InfoBeans Technologies IPO Listing Details
| Listing Date | May 2, 2017 |
| BSE Script Code | |
| NSE Symbol | INFOBEAN |
| ISIN | INE344S01016 |
| Final Issue Price | ₹58 per share |
InfoBeans Technologies Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹58.00 |
| Open | ₹69.60 |
| Low | ₹69.60 |
| High | ₹69.60 |
| Last Trade | ₹69.60 |
InfoBeans Technologies Ltd Contact Details
InfoBeans Technologies Ltd
601-602,
Rafael Tower 8/2,
Old Palasia Indore, 452001
Phone: +91-731-6704000
Email: [email protected]
Website: http://www.infobeans.com
InfoBeans Technologies IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in
InfoBeans Technologies IPO FAQs
Q1. What is InfoBeans Technologies IPO?
Ans. InfoBeans Technologies IPO is a SME IPO of 6,342,000 equity shares of the face value of ₹10 aggregating up to ₹36.78 Crores. The issue is priced at ₹58 per share. The minimum order quantity is 2000 Shares. The IPO opens on April 18, 2017, and closes on April 21, 2017.
Q2. When InfoBeans Technologies IPO will open?
Ans. The InfoBeans Technologies IPO opens on April 18, 2017 and closes on April 21, 2017.
Q3. What is the lot size of InfoBeans Technologies IPO?
Ans. InfoBeans Technologies IPO lot size is 2000 Shares, and the minimum amount required is ₹116,000.
Q4. When is InfoBeans Technologies IPO listing date?
Ans. The InfoBeans Technologies IPO listing date is on May 2, 2017.
