Intrasoft Technologies Limited provides electronic greeting card services through website, www.123greetings.com. 123greetings is the largest electronic greeting cards website in India and 2nd largest in the world.
123greetings has range of over 20,000 electronic greeting cards designed to cater to varying geographical and religious celebrations, occasions and other events. IntraSoft has priced its IPO of 37,00,000 equity shares of face value Rs 10 each in the Rs 137 to Rs 145 per share band.
The company will raise Rs 50.69 crores at the lower end of the price band, which is 13.7 times the face value, and mop up Rs 53.65 crores at the upper end, which is 14.5 times the face value.
The issue constitutes 25.12% of the post issue paid up capital. At least 50% of the book build issue will be reserved for QIBs; not less than 15% reserved for non-institutional bidders and 35% reserved for retail individual bidders.
IntraSoft plans to fund the company’s requirements for branding & promotion, purchasing a corporate office in Kolkata, and 'investment in technology' infrastructure from the issue proceeds. CARE has assigned IPO Grade 3 to the IPO, indicating average fundamentals.
Website http://www.itlindia.com
Issue Open 23-Mar-2010
Issue Close 26-Mar-2010
Issue Type Book Building
Face Value Rs.10/
Price Range Rs. 137/- to Rs. 145/-
Market Lot 40 Minimum Order Qty 40
Listing Stock Exchange Mumbai, NSE
Registrar To The Issue Link Intime India Pvt Ltd.
Registered Office Address A-502, Prathamesh, Raghuvanshi Mills Ltd Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400013
