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.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Capital Expenditure;
3. Repayment of Debt;
4. General Corporate Purposes;
5. Issue Related Expenses.
»» Issue Open: Jan 11, 2010 - Jan 13, 2010
»» Issue Type: Book Built Issue IPO
»» Issue Size: 11,503,000 Equity Shares of Rs 10 aggregating up to Rs 189.80 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 155 - Rs 165 Per Equity Share
»» Market Lot: 40 Shares
»» Minimum Order Quantity: 40 Shares
»» Listing At: BSE, NSE
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.
Infinite Computer IPO Subscription Status tells if Infinite Computer IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Infinite Computer IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||4,026,050||1,725,450||4,026,050||9,777,550|
|Day 1 - Jan 11, 2010 17:00 IST||0.8162||0.0000||0.1806||0.4104|
|Day 2 - Jan 12, 2010 17:00 IST||2.7773||8.3487||0.7635||2.9313|
|Day 3 - Jan 13, 2010 17:00 IST||48.4435||106.0171||11.0781||43.2200|
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