Intrasoft Technologies Limited IPO : Sets IPO price band at Rs 137-145/share

by khalid on 22/03/2010 · 1 comment

Intrasoft Technologies Limited has fixed price band at Rs 137-145/share for its IPO which is going to open on 23rd March 2010. The company is entering into primary market with an Initial Public Offer (IPO) of 3.7 million equity shares of Rs 10 each. The premium of the issue will be decided through a 100% Book Building Process.

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.

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

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

Book running lead managers to the issue are Anand Rathi Securities Limited and Collins Stewart Inga Private Limited.

Registrar of the Issue is Link Intime India Private Ltd, Mumbai.

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