Infobeans Technologies Limited of Indore, MP is coming up with their initial public offering to hit the market tomorrow. I will discuss Infobeans Technologies Limited IPO Review and the opportunities of profit investing in it. This is again an NSE SME issue.
Issue Date: April 18, 2017 – April 21, 2017
Issue Size: Rs. 36.78 Crores
Offer Price: Rs. 58 per equity share
Minimum Application: 2000 equity shares
Listing Exchange: NSE SME
1) Research and development
2) Advertising expenses
3) Investment in downlines
4) IPO expenses
5) General corporate expenses
About The Company:
Infobeans Technologies Limited is a software development company who has been nominated as the Great Place to Work for 2016. In the year 2000, three close friends Avinash, Mitesh and Siddarth joined hand together to build this world-class software service company. In the last 16 years, the company has grown to 100 clients, 650 team members, CMMI level 3.
The company has the vision to become a world-class company with 2000 team members and USD 70 million in revenue by the year 2020.
From the image above its seen that the company has made decent profits year after year. Only the profitability has declined on FY 2015 for once. In the first 9 months of the financial year 2017 also, Infobeans Technologies Limited has secured a profit of Rs. 7.84 crores against a turnover of Rs. 62.72 crores.
Infobeans Technologies Limited IPO Review: It has been proved that the company is employee-centric and also carries a good vision about future. As an SME issue investment is riskier than a normal IPO. High net-worth individuals and risk-taking investors can apply for this issue with a medium to long-term perspective. I suggest applying on the last day after confirming the interest in the issue by MFs / FIIs. You can get MF and FII subscription status in NSE India IPO section. In case you see MFs and FIIs are bidding heavily for this issue, invest freely and listing gains will follow.
Indrajit is a professional blogger and trading system developer. Amibroker expert, WordPress expert, SEO expert and stock market analyst.Trading since 2002, he has started the journey of StockManiacs.net on 2008. He follows Indian and world stock markets closely.