IPO Issue Details
Issue Price / Price Band₹165 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size40 Shares per Lot
Total Issue Size1,15,05,352 shares (aggregating up to ₹189.84 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 11 Jan 2010
Subscription CloseWed, 13 Jan 2010
Anchor AllotmentSun, 10 Jan 2010
Basis of AllotmentTue, 19 Jan 2010
Initiation of RefundsWed, 20 Jan 2010
Credit of Shares to DematWed, 20 Jan 2010
Listing DateWed, 03 Feb 2010
UPI Mandate Deadline2010-01-13
Application & Investment Details
Retail — Min (1 Lots)₹6,600 — 40 shares
Retail — Max (13 Lots)₹85,800 (13 Lots)
HNI — Min (152 Lots)₹10,03,200 — 6,080 shares
Pre-IPO Promoter Holding3,82,24,043 shares
Post-IPO Promoter Holding4,39,57,643 shares
Fresh Issue Shares57,35,952 shares (aggregating up to ₹94.64 Cr)
Offer for Sale Shares57,69,400 shares of ₹10 (aggregating up to ₹95.20 Cr)
About Infinite Computer Solutions India Ltd.
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.
Objects of the Issue
Infinite Computer Solutions India Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Capital Expenditure
25.745
3
3 Repayment of Debt
8.497
4
4 General Corporate Purposes
22.500
5
5 Expenses related to Fresh Issue
7.186
Shareholding & Lock-in
Pre-IPO Promoter Holding
3,82,24,043 shares
Post-IPO Promoter Holding
4,39,57,643 shares