Feb 03, 2010
Equity shares of Infinite Computer Solutions got listed on the bourses today. The shares of the company got listed at Rs 178.35 a premium of 8.09% against its issue price of Rs 165 a share on the Bombay Stock Exchange (BSE).
Currently, the shares of the company are trading higher by 14.52% at Rs 188.95 a share after touching a high of Rs 203 and a low of Rs 178.35 a share. A total of 2,074,581 shares have exchanged hands. (9:15 a.m)
Infinite entered the capital market on Jan. 11, 2010, with an Initial Public Offering (IPO) of 11.50 million equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process (the Issue). The price band had been fixed at Rs 155 and Rs 165 for each equity share.
The issue received overwhelming response and achieved a subscription on 43.22 times on final day. A total number of 4,225 million bids were obtained out of which 396.44 million bids were obtained at a cut-off price.
Infinite has a long standing relationship with its major customers, which are large global companies namely Verizon, IBM, ACS, GE and AOL. In recent years, it has also created a platform for long term relationships with global companies like Fujitsu and Alcatel Lucent.