News / Infinite Computer closes at 16% premium on listing day
Feb 03, 2010

Company's shares were subscribed 43 times

Mr Sanjay Govil, Non-Executive Chairman, Infinite Computer Solutions (left), strikes the gong during the listing on the BSE. Mr Upinder Zutshi, Managing Director and CEO, is also seen.

Mumbai: The shares of Infinite Computer Solutions closed at a premium of 16.7 per cent at 192.55 against its issue price of Rs 165 on its listing day on Wednesday.

The shares opened at Rs 170, which was the day's low for the stock, and touched an intra-day high of Rs 206.

On the BSE, the stock opened at Rs 178.35 and hit an intra-day high of Rs 205.8 before closing at Rs 191.6.

A total of four crore shares were traded on both the BSE and NSE. T. Rowe Price International bought 10.6 lakh shares at Rs 196.87 a share, according to NSE bulk deal data. The company's 97.7-lakh shares issue was subscribed 43.22 times. The portion reserved for the qualified institutional buyers (QIB) was subscribed 48.44 times. Non-institutions' portion was subscribed 106.1 times and the retail portion 11.07 times.

Infinite Computer Solutions' IPO is the first issue of 2010.

The initial public offering of Emmbi Polyarns Ltd has been subscribed 1.2 times on the last day of the issue on Wednesday.

The issue revived bids for 1.16 crore shares against the 95.7 lakh shares on offer.

The portion reserved for the qualified institutional buyers was subscribed 0.4 times. Non-institutions' portion was subscribed by 5.5 times and the retail portion 0.45 times.

Share this: