Thursday, September 24, 2009

Thinksoft Global Services IPO remain unsubscribe on its closing day

Thinksoft Global Services IPO remain unsubscribe on its last day. IPO received poor response in last three days and only subscribed 0.62 times. Thinksoft received bids for 22,53,750 shares against issue size of 36,46,000 shares. Retail quota of the issue subscribed 1.2954 times and Non Institutional category subscribed 1.0985 times. QIBs category didn't show any interest at all and remain unsubscribed.

Thinksoft Global Services IPO, a 100% Book Building Initial Public Offer was open on September 22, 2009, and closed today for subscription on September 24, 2009.

ICRA has assigned an IPO Grade 2 (Below average fundamentals) to Thinksoft Global Services Ltd IPO.


Sr.No.CategoryNo.of shares offered/reservedNo. of shares bid forNo. of times of total meant for the category
1Qualified Institutional Buyers (QIBs)182300000.0000
1(a)Foreign Institutional Investors (FIIs) 0 
1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 0 
1(c)Mutual Funds 0 
1(d)Others 0 
2Non Institutional Investors5469006007501.0985
2(a)Corporates 295950 
2(b)Individuals (Other than RIIs) 137100 
2(c)Others 167700 
3Retail Individual Investors (RIIs)127610016530001.2954
3(a)Cut Off 1568550 
3(b)Price Bids 84450

Thinksoft Global Services IPO Allotment Status can be seen in next few days. Click on the below link to find more detail about Thinksoft Global Services Ltd IPO including TGSL IPO Allotment Status, Thinksoft Global IPO Listing Date and Thinksoft IPO grey Market Premiums: