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Infinite Computer IPO is a book built issue of Rs 189.80 crores.
Infinite Computer IPO bidding started from January 11, 2010 and ended on January 13, 2010. The shares got listed on BSE, NSE on February 3, 2010.
Infinite Computer IPO price band is set at ₹155 to ₹165 per share. The minimum lot size for an application is 40 Shares. The minimum amount of investment required by retail investors is ₹6,600.
Iifl Securities Ltd and Spa Capital Advisors Ltd are the book running lead managers of the Infinite Computer IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Infinite Computer IPO RHP for detailed information.
IPO Date | January 11, 2010 to January 13, 2010 |
Listing Date | February 3, 2010 |
Face Value | ₹10 per share |
Price Band | ₹155 to ₹165 per share |
Lot Size | 40 Shares |
Total Issue Size | 11,503,000 shares (aggregating up to ₹189.80 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 38,224,043 |
Share holding post issue | 43,957,643 |
Infinite Computer IPO offers 9,777,550 shares. 4,026,050 (41.18%) to QIB, 1,725,450 (17.65%) to NII, 4,026,050 (41.18%) to RII. 100,651 RIIs will receive minimum 40 shares and (sNII) and (bNII) will receive minimum 1,240 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 4,026,050 (41.18%) | NA |
NII (HNI) Shares Offered | 1,725,450 (17.65%) | |
Retail Shares Offered | 4,026,050 (41.18%) | 100,651 |
Total Shares Offered | 9,777,550 (100%) |
Investors can bid for a minimum of 40 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 40 | ₹6,600 |
Retail (Max) | 30 | 1200 | ₹198,000 |
Lot Size Calculator |
Share Holding Pre Issue | 77.38% |
Share Holding Post Issue | 63.82% |
Infinite Computer Solutions is a global service provider of Infrastructure Management Services, Intellectual Property (IP) Leveraged Solutions, and IT Services, focused on the Telecom, Media, Technology, Manufacturing, Power and Healthcare industries. Infinite Computer services span from Application Management Outsourcing, Packaged Application Services, Independent Validation and Verification, Product Development and Support, to higher value-added offerings including Managed Platform and Product Engineering Services.
Infinite Computer's major customers includes Verizon, IBM, ACS, GE and AOL. Company have 14 offices across the globe, including offices in multiple locations in the US, UK, India, China, Malaysia, Singapore and Australia. Infinite is one of the leading providers of telecom- specific offerings to service providers, OEMs and ISVs in the Telecom vertical, globally. For fiscal year 2008-09, the telecom vertical contributed to 59.4% of their total revenues.
KPI | Values |
---|---|
RoNW | 29.26% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Capital Expenditure;
2. Acquisitions;
3. Repayment of Debt;
4. General Corporate Purposes;
5. Issue Related Expenses.
The Infinite Computer IPO is subscribed 43.22 times on January 13, 2010 5:00:00 PM. The public issue subscribed 11.08 times in the retail category, 48.44 times in the QIB category, and 106.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 48.44 |
NII | 106.02 |
Retail | 11.08 |
Total | 43.22 |
CRISIL has assigned an IPO Grade 2 to Infinite Computer IPO. This means as per CRISIL, company has below average fundamentals. CRISIL assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Infinite Computer Solutions Ltd.
Listing Date | February 3, 2010 |
BSE Script Code | 533154 |
NSE Symbol | INFINITE |
ISIN | INE486J01014 |
Final Issue Price | ₹165 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹165.00 |
₹178.35 |
₹178.35 |
₹205.80 |
₹191.60 |
NSE |
---|
₹165.00 |
₹170.00 |
₹170.00 |
₹206.00 |
₹191.80 |
Infinite Computer Solutions India Ltd
155, Somdutt Chambers II,
9, Bhikaji Cama Place,
New Delhi - 110066, India
Phone: +91 11 3268 7466
Email: ipo@infics.com
Website: http://www.infinite.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: bss@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Infinite Computer IPO is a main-board IPO of 11,503,000 equity shares of the face value of ₹10 aggregating up to ₹189.80 Crores. The issue is priced at ₹155 to ₹165 per share. The minimum order quantity is 40 Shares.
The IPO opens on January 11, 2010, and closes on January 13, 2010.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Infinite Computer IPO opens on January 11, 2010 and closes on January 13, 2010.
Infinite Computer IPO lot size is 40 Shares, and the minimum amount required is ₹6,600.
You can apply in Infinite Computer IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Infinite Computer IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Infinite Computer IPO allotment status.
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JYOTHY LAB DATA IGNORES SHARE SPLIT
The Jyothy Labs IPO listed on Dec. 19, 2007. The issue price was Rs.680/- for a share whose face value was Rs.5/-.
The issue witnessed good response. Oversubscription was 45.83 times (overall) and 14.67 times (retail). Going by the data in your “Performance Tracker”, that the share price has suffered a value erosion of 75.88%, since its market price is now Rs.166.40, I was about to buy some quantity of this share. I researched further and realised that the data published under your IPO performance chart is incorrect, because it ignores the fact that on 27th Aug. 2008, the face value of the share which was Rs.5/- was split into 5 shares of Re.1/- each. Which means, if the face value had remained unchanged @ Rs.5/- its market price would now be equivalent to Rs. 832/-!
I am sure this must have happened as a slip, since otherwise your data base is very exhaustive and dependable. Kindly verify and correct this error.