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Infinite Computer Solutions IPO

January 6, 2010 by

Infinite Computer Solutions (India) Ltd is entering the capital market on January 11, with an Initial Public Offering of 11.5030 million
equity shares of Rs 10 each through a 100% book-building process. The price band has been fixed between Rs. 155 and Rs 165 per share. The issue closes on January 13.

The company is a global service provider of infrastructure management, intellectual property (IP) leveraged solutions and IT services, focused on the telecom, media, energy, manufacturing, and healthcare industries.

The issue consists of a fresh issue of 5.7336 million shares and an Offer for Sale of 5.7694 million shares. The issue will constitute 26.17% of the fully diluted post issue paid-up capital of the company.

Up to 50% of the issue shall be allocated on proportionate basis to Qualified Institutional Buyers (“QIBs”). The company may allocate up to 30% of the QIB portion to Anchor Investors, out of which at least one-third will be available for domestic mutual funds.

The shares are proposed to be listed on Bombay Stock Exchange and National Stock Exchange of India.

Source :- economictimes