Journey Of Infosys Ltd.

In Capital Markets
Click to edit Master subtitle style 9/13/12

Group 6 Samir Parikh Sanam Seth Saurabh Arya Shalaka Kaprekar Shubham Bharkarh

Introduction

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Going Back To The Start

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The Business Base

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Shareholding In Infosys Ltd

Holders Name Promoters Foreign Institutions Financial Institutions General Public Foreign NRI No. Of. Shares 92085078 217586887 76229237 73785834 5162103 % of Share Holding 16.04% 37.89% 13.28% 12.85% 0.90%

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The Bad Start.

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How Did Infosys Ltd Go Public?

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Infosys And Journey To NASDAQ

Size of issue/No. of 1.8 million ADR/0.9 equity shares million equity shares Number of ADR per 2 equity share Offer Price Actual price obtained Premium on the Offer Price Issue Amount $27.88 per ADS$55.76 per share $34 per ADS - $68 per share 22% or $6.12 per ADS $61.2 million

Total amount raised $70.38 million 9/13/12

First Sponsored Secondary ADS

Size of issue/ 6 million No. of Equity ADSs/ 3 No. of Equity shares million equity shares shares

Second Sponsored Secondary Issue Size of issue/ 16 million

shares/ 6% of BSE/NSE listed shares

Third Sponsored Secondary Issue Size of issue/ No. 30 million local

of Equity shares shares into ADS

Number of 1 Number of 2- before ADS per equity ADS per issue of share equity share bonus shares then the ADS ratio became Actual Price $67 per ADS 1:1 Obtained (34% premium over NSE price) Actual Price At $49 per Obtained share( 26% premium Total received= $294 over BSE million-Indian shareholders closing price)

Number of ADS 1 per equity share

Actual Price Obtained

$53.50 per ADS

Total received= $1.6 billionIndian shareholders No proceeds received by Infosys of this offering

Total received= $294 No proceeds received by million

Infosys

No proceeds received Total issue increased size Total issue increased US by Infosys of US float to about 14% of market cap of Infosys to 9/13/12 $5.91 billion its capital

Why Were Infosys ADS Overpriced?

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INFY ADS v/s Nasdaq v/s Infosystch (1999-2010)

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Infosys Became A NASDAQ 100

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The Downfall Due To U.S. Subprime Crisis

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Effect Of The Sub-prime Crisis on Infosys Ltd.

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Reasons For Infosys Downgrading

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PIGS SituationSacking Out Of Italy and Spain

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Infosys and other IT firms

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Yearly High Low: NSE Year Ending 27/08/2012 30/12/2011 31/12/2010 31/12/2009 31/12/2008 31/12/2007 29/12/2006 30/12/2005 31/12/2004 31/12/2003 High (Rs.) High Date 2,994.00 22/02/2012 3,499.00 04/01/2011 3,454.00 30/12/2010 2,614.00 31/12/2009 2,046.50 06/06/2008 2,415.00 15/02/2007 3,449.00 07/04/2006 3,035.00 19/12/2005 6,100.00 09/01/2004 5,985.00 30/12/2003 Low (Rs.) Low Date 2,101.25 26/07/2012 2,161.50 25/08/2011 2,329.00 05/02/2010 1,111.75 01/01/2009 1,040.00 10/10/2008 1,517.25 22/11/2007 1,572.00 24/07/2006 1,875.15 12/01/2005 1,285.00 09/07/2004 2,300.00 11/04/2003

Fifty Two Week High and Low Exchange Name NSE 9/13/12 BSE High High Date (Rs.) Low Low Date (Rs.)

2,994.0022/02/20122,101.2526/07/2012

2,990.0022/02/20122,101.6526/07/2012

Current News

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Infosys an underperformer

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Discretionary spending in huge pressure

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NO POSSIBILITY OF SHORT TERM BOUNCE BACK ACCUMULATE UNDERPERFORMER

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Still Top Stock Pick

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Investors approach to Infosys shares

If you have Infosys shares Investors looking to buy Infosys shares

"Infosys has hit Rs 2170 in the last 10 days. Thats a major 50 month moving average so I assume that it should hold here because the next target is all the way at Rs 1974 thats another 200 points away. So I think Infosys may be at these levels would be a trading bet

-9/13/12 Manghnani Anil

Conclusion

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THANK YOU
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