Infinite Computer Solutions IPO : Plans to raise Rs 190 crores

by khalid on 06/01/2010 · 0 comments

Infinite Computer solutions (India) Limited is a global service provider of Infrastructure Management Intellectual Property(IP) leveraged solutions and IT services. The company is going to enter the capital market on 11th January 2010. with an Initial Public Offering (IPO) of 11503000 equity shares of Rs 10 each. The issue will be a 100 per cent book-building IPO. The issue will be open for subscription between 11th Jan 2010 to 13th Jan 2010.

Price band of the issue is Rs 155 to Rs 165 per equity share and the funds collection will be Rs 178.30 crores on the lower end and Rs 189.80 crores on the upper end of the price band. Market lot for the IPO will be 40 shares. Upto 50 per cent of the issue shall be allocated on a proportionate basis to Qualified Institutional Buyers (QIBs).

The object of the Issue is to achieve the benefits of listing on the Stock Exchanges and the proceeds of the IPO would be used for Capital Expenditure, Acquisitions, Repayment of Debt, General Corporate Purposes, and Issue Related Expenses.

The IPO will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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