GSS America Infotech Ltd | |
Period | 11-Feb to 15-Feb 2008 |
Size (Equity Shares) | 34,97,495 |
Type | 100% Book Building |
Face Value | Rs. 10- |
Price Range | Rs 400 to Rs 440 |
Market Lot | |
Max shares Retails investor can apply at cut off | |
Registrar | Bigshare Services Pvt Ltd |
Registrar's email | bighshare@bom7.vsnl.net.in |
Lead Manager | Religare Securities Ltd |
Listing | BSE, NSE |
Grading |
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About the company | |
Established: 1999. Leading Global IT Services company, focused on providing scalable and cost-effective IT solutions using Global Delivery Model. Expertise in IT Consulting, Enterprise Application Integration, and IT Infrastructure Management, GSS America has established itself as a leading provider of IT services that transform company performance and operational effectiveness. Microsoft, TIBCO, BEA are company's key technology partners. GSS Client's includes Ernst & Young, Blue Cross Blue Shield of NC, BMC Software, Kelly Services, Thomson, Aurora Healthcare, WR Grace & Co, TDS Telecom, Pepsi Co, etc. As a strategy to de-risk, the Company has diversified its portfolio of service offerings by acquiring profit making IT services companies in USA. GSS have software solutions design / development centres and marketing offices in Chicago U.S.A. and Global Delivery Centres in Hyderabad, India. | |
Objects of the Issue | |
Setting up of state of the art Global Delivery Centre at Hyderabad with 1000 seater capacity. ; Setting up overseas offices; Meeting working capital requirement; Acquisitions; Meet general corporate purposes; Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges. | |
February 6, 2008
GSS America Infotech Ltd - IPO
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1 comment:
The company is working in an industry that will show tepid growth in the future. The EAi market is slowly eviscerating because of technical evolution. name brand players like Webmethods, Seebeyond, Bea are all being absorbed by larger players because the technology itself has little value for Fortune 500 companies. GSS has 400 consultants onsite and none of you have checked how many of them are directly on projects with the clients listed. They have indirect relationships. They did not list many large multi year contracts in their documents because they really do not have that many. Essentially the company is a roll up acquiring companies and that strategy becomes a bust if the market will go south, as it is expected to in 2008. In the recession of 1990 the services market went bust and took some years to recover i.e Y2K started the boom. There is no technical breakthrough compelling companies to spend on technology similar to Y2k, so the tech spend will be limited and a blood bath will ensue. It will be difficult for all companies to stay competitive without sacrificing margins. Companies such as GSS and others are living in the glory years of the past and have limited upside in the future
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