Thinksoft Global Services Limited was incorporated on June 8, 1998 as Relliant Global Services (India) Private Limited in Bangalore, Karnataka. Thinksoft is a Banking, Financial Services and Insurance (BFSI) focused software testing enterprise.
Issue Open: Sep 22, 2009
Issue Close: Sep 24, 2009
Price Band: Rs. 120 - Rs 130 Per Equity Share
Minimum Bid Size: 50 EquityShares
Issue Size: 3,646,000 Equity Shares of Rs 10
Issue Size: (Crore)Rs. 43.75 - Rs. 47.40
Face Value: Rs 10 Per Equity Share
Issue Type: 100% Book Built Issue IPO
Listing At: BSE, NSE
Maximum Subscription Amount for Retail Investor: Rs.100000
Book Running Lead Managers: Karvy Investor Services Limited
Thinksoft operates as a specialist and niche player in the financial and insurance software testing space. Company's service in the area of testing and business requirements assurance includes functional testing, performance testing, test automation and Requirements Documentation services.
Thinksoft Global Services Ltd IPO Grading / Rating
ICRA has assigned an IPO Grade 2 to Thinksoft Global Services Ltd IPO. This means as per ICRA, company has Below average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
Looking at these poor ratings for fundamentals of company, it is not recommended for investors to apply for IPO / invest in stocks of Thinksoft global.
