Intrasoft Technologies Limited IPO : Finally subscribed 18.95 times

by khalid on 01/04/2010 · 0 comments

The IPO of Intrasoft Technologies Limited has received an outstanding response from the Investors with the final oversubscription figure nearing to just about 19 times on an overall basis. All the three categories of investors have shown solid support.

The category-wise subscription status of Intrasoft Technologies Limited on closing day is given below:-

QIB: 21.97 Times
Non-Institutional Investors: 21.60 Times
Retail: 13.51 Times
Overall: 18.95 Times

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The proceeds of the IPO will be used for Branding and Promotion, Purchasing a corporate office at Kolkata, Investment in technology infrastructure, General corporate purposes, Issue related expenses and achieve the benefits of listing on the Stock Exchanges.

Issue Detail:-
Issue Open : 23rd Mar 2010
Issue Closes : 26th Mar 2010
Issue Type : 100% Book Builing Issue
Issue Size : 3700000 Equity Shares of Rs 10 each
Issue Size : Rs. 50.69 crores at lower end, Rs 53.65 crores at upper end.
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 137 – Rs. 145 Per Equity Share
Market Lot : 40 Equity Shares
Minimum Order Quantity : 40 Equity Shares
IPO Grading : 3 by CARE
Listing At : BSE, NSE

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