IPO Issue Details
Issue Price / Price Band₹14 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size10,000 Shares per Lot
Total Issue Size33,10,000 shares (aggregating up to ₹4.63 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 14 May 2015
Subscription CloseWed, 20 May 2015
Anchor AllotmentWed, 13 May 2015
Basis of AllotmentTue, 26 May 2015
Initiation of RefundsWed, 27 May 2015
Credit of Shares to DematWed, 27 May 2015
Listing DateTue, 02 Jun 2015
UPI Mandate Deadline2015-05-20
Application & Investment Details
Retail — Min (1 Lots)₹1,40,000 — 10,000 shares
Retail — Max (13 Lots)₹1,820,000 (13 Lots)
HNI — Min (2 Lots)₹2,80,000 — 20,000 shares
P/E Ratio (Pre-IPO)350x
Net Offer to Public31,30,000 shares (aggregating up to ₹4.38 Cr)
Reserved for Market Maker1,80,000 shares (aggregating up to ₹0.2520 Cr)
Pre-IPO Promoter Holding90,70,000 shares
Post-IPO Promoter Holding1,23,50,000 shares
About Funny Software Ltd.
Incorporated in 2007, Funny Software Ltd (FSL) is engaged in the providing IT services, consulting and business solutions organization and delivering results to its valued clients. The company also operates as reseller organization by a team of dynamic professionals with marketing, sales and technical know-how spread across various industries. It predominantly caters to Delhi and nearby markets and act as IT Distribution space. Going forward, FSL plan to increase its product portfolio and also plans to penetrate in new markets.FSL has a comprehensive portfolio of product offerings covering desktop, laptops, servers, Hard Disk Drives, Scanners, Memory Modules and Cards, USB Drives, Speakers, Optical Media, Casings, Electronic Copy boards, Clear One Audio Conferencing, Elmo Document Camera etc. Its range of products and services consists are: Data processing, Dealing in Desktops, Laptops, Servers, Storage and Software, Imaging Software, Hard Disk Drives / Portable storage Solutions, Scanners, Memory Modules and Cards, USB Drives, Speakers, Optical Media, Casings, SMPS, UPS, Webcams, Keyboards & Mice, Networking of Computers, Advisors and consultants in respect of matters relating to Computer hardware software computer aided Programmes.
Objects of the Issue
Funny Software Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To part-finance incremental working capital requirements
3.00
2
2 To acquire certain fixed assets
0.35
3
3 General Corporate purpose
0.89
Shareholding & Lock-in
Pre-IPO Promoter Holding
90,70,000 shares
Post-IPO Promoter Holding
1,23,50,000 shares