The initial public offering (IPO) of Infinite Computer Solutions (India), 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, has been subscribed to approximately around 2.84 times (Source: NSE and BSE website) on Day 2 (January 12). As of 4 pm on January 12, 2010, Total Bids Received was 27,861,480 as against the Total Issue Size of 9,777,550.
Infinite entered the capital market on January 11, 2010, with an Initial Public Offering of 11.5030 million Equity Shares of Rs 10 each for cash at a price to be decided through a 100% book-building process. The price band has been fixed between Rs. 155 and Rs. 165 per Equity Share. The Issue closes on January 13, 2010.
Nine anchor investors such as T. Rowe Price International Inc., Carlson Fund India, Lloyd George Investment Management (Bermuda) Limited A/C L. G. India Fund and India Plus Fund, Alden Global (Mauritius) Ltd. Credit Suisse (Singapore) Ltd., BATSPL A/C Bharti Axa Equity Fund, Reliance Capital Trustee Co. Ltd. A/C Reliance Regular Savings Fund – Balanced Option and Citigroup Global Markets Mauritius Pvt. Ltd. have been allocated 1,725,450 shares at a price of Rs 165 per equity share (upper end) on January 8, 2010.
Read more: http://www.sathyamurthy.com/finance/2010/01/infinite-computer-solutions-ipo-subscribe-2-85-times/#ixzz0cVwrQcqi
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