Jan 05, 2010
Infinite Computer Solutions (India) Ltd said on Tuesday it has fixed a price band of 155-165 rupees a share for its initial public offering (IPO) of 11.5 million shares to raise up to 1.9 billion rupees.
Existing shareholders will offload 5.77 million shares, while another 5.7 million shares will be issued as fresh equity, resulting in equity dilution of 26.17 percent, the company said in a statement.
The public offer of the IT services provider will be launched on January 11 and will remain open till January 13, it added.
SPA Merchant Bankers and India Infolinie Ltd are the bankers for the issue.
(Reporting by Bharghavi Nagaraju; Editing by Harish Nambiar)