Infinite Computer IPO Details

Issue Open Jan 11, 2010
Issue Close Jan 13, 2010
IPO Price ₹165
Face Value ₹10
IPO Size ₹189.80 Cr
Listing At BSE, NSE
IPO Lot Size 40

INFINITE COMPUTER SOLUTIONS (INDIA) LTD.

(Incorporated as Infinite Computer Solutions (India) Private Limited on September 06,1999 under the Companies Act, 1956 at Mumbai. Subsequently the company was converted into a public limited company and received fresh certificate of incorporation dated February 14, 2008 in the name of Infinite Computer Solutions (India) Limited from the Registrar of Companies NCT Delhi and Haryana)
Registered Office: 155, Somdutt Chambers II, 9 Bhikaji Cama Place, New Delhi - 110 066. Tel. No. +91 11 3268 7466 / 4615 0845 Fax No. +91 11 4615 0830 Contact Person: Mr. Sanjeev Gulati, Compliance Officer E-mail: ipo@infinite.com Website: www.infinite.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 11,503,000 EQUITY SHARES OF RS. 10 EACH OF INFINITE COMPUTER SOLUTIONS (INDIA) LIMITED ("INFINITE" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 165/- PER EQUITY SHARE (INCLUDING A PREMIUM OF RS. 155 PER EQUITY SHARE) CONSISTING OF A FRESH ISSUE OF 5,733,600 EQUITY SHARES BY THE COMPANY AND AN OFFER FOR SALE OF 5,769,400 EQUITY SHARES BY WHITEROCK INVESTMENTS (MAURITIUS) LIMITED, MR. VAIBHAV BHATNAGAR AND MR. SANJAY GOVIL (THE "SELLING SHAREHOLDERS") AGGREGATING TO RS. 1898 MILLIONS. THE ISSUE CONSTITUTES 26.17% OF THE FULLY DILUTED POST PAID-UP CAPITAL OF THE COMPANY.

THE FACE VALUE PER EQUITY SHARE IS RS. 10/- EACH. THE ISSUE PRICE OF THE EQUITY SHARES IS RS. 165 PER EQUITY SHARE WHICH IS 16.5 TIMES THE FACE VALUE OF THE EQUITY SHARES.

The Issue was made through the 100% Book Building Process wherein up to 50% of the Issue to the public has been allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs"). Our Company has allocated 1,725,450 Equity Shares corresponding to 30% of the QIB Portion to Anchor Investors (as defined in the section "Definitions and Abbreviations" on page (i) of the Prospectus) in accordance with applicable SEBI Regulations. 5% of the Net QIB portion has been allocated for Mutual Funds and the balance of Net QIB portion has been allocated on a proportionate basis to all QIBs including Mutual Funds, subject to valid Bids being received at or above Issue Price. Further, 15% of the Issue to the Public has been allocated on a proportionate basis to Non-Institutional Bidders and 35% of the Issue to the Public has been allocated on a proportionate basis to Retail Individual Bidders applying for equity shares of or for a value not more than Rs. 1,00,000/-. In order to round off, our Company has allotted 2352 additional shares.
Our Company wishes to thank all the Investors for their response to the Public Issue which opened for subscription on January 11, 2010 and closed on January 13, 2010. The Issue received 124,186 applications for 414,665,820 Equity Shares (after cheque return) resulting in 36.048 times subscription. The details of the applications received in the Issue from QIBs, Non-Institutional Bidders, Anchor and Retail Individual Bidders categories are as under.(Before Technical & Multiple Rejections).

Category No. of Applications No. of Shares Bid Subscription
Retail Individual Bidders 123786 4,37,77,540 10.87
Non-Institutional Bidders 273 16,91,96,720 98.05
Anchor Portion 9 67,38,720 3.91
Net QIB Portion 118 19,49,52,840 48.42
Total 124186 41,46,65,820 36.04

Final Demand
The final demand at different bid prices is as under

Bid Price No. of
Equity Shares
% to
Total
Cumulative
Total
Cumulative
% to Total
155.00 6659520 1.576 422520040 100.000
156.00 3200 0.001 415860520 98.424
157.00 1400 0.000 415857320 98.423
158.00 1000 0.000 415855920 98.423
159.00 480 0.000 415854920 98.423
160.00 185920 0.044 415854440 98.422
161.00 80 0.000 415668520 98.378
162.00 1160 0.000 415668440 98.378
163.00 440 0.000 415667280 98.378
164.00 280 0.000 415666840 98.378
165.00 376041560 89.000 415666560 98.378
9999.00 39625000 9.378 39625000 9.378
TOTAL 422520040 100.00%

The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - Bombay Stock Exchange Limited ("BSE") on Monday, January 25, 2010. Details of valid applications received and allotment is done as under:

A) Allocation to Retail investors (After Technical Rejections)
The Basis of Allotment to the Retail Individual Bidders, who bid at the cut-off price or at the Issue Price of Rs. 165/- per Equity Share, was finalized in consultation with the BSE. The Company received 121,777 valid applications for 43,367,840 Equity Shares in this category resulting in 10.771 times subscription. The category wise details of the Basis of Allotment are given below.

Category No. of
Applns.
% to
Total
Total No. of
Equity Shares
Applied
% to
Total
No. of
Equity
Shares
Allocated
Ratio Total No. of
Equity Shares
Allocated
40 23944 19.66 957760 2.21 40 9:97 88920
80 11127 9.14 890160 2.05 40 13:70 82640
120 6865 5.64 823800 1.90 40 22:79 76480
160 4004 3.29 640640 1.48 40 13:35 59480
200 4577 3.76 915400 2.11 40 13:28 85000
240 1622 1.33 389280 0.90 40 34:61 36160
280 4889 4.01 1368920 3.16 40 13:20 127120
320 2545 2.09 814400 1.88 40 26:35 75640
360 702 0.58 252720 0.58 40 51:61 23480
400 2060 1.69 824000 1.90 40 13:14 76520
440 400 0.33 176000 0.41 41 1:1 16400
480 518 0.43 248640 0.57 45 1:1 23310
520 393 0.32 204360 0.47 48 1:1 18864
560 421 0.35 235760 0.54 52 1:1 21892
600 57710 47.39 34626000 79.84 56 99:100 3215576

B) Allocation to Non Institutional Bidders (After technical Rejections)
The Basis of Allotment to the Non Institutional Bidders, who bid at the Issue Price of Rs. 165 per Equity Share, was finalized in consultation with the BSE. The Company received 243 valid applications for 169,160,840 Equity Shares in this category resulting in 98.038 times subscription. The category wise details of the Basis of Allotment are given below:

Category No. of
Applns.
% to
Total
Total No. of
Equity Shares
Applied
% to
Total
No. of
Equity Shares
Allocated
Ratio Total No. of
Equity Shares
Allocated
640 3 1.23 1920 0.00 40 FIRM 120
720 2 0.82 1440 0.00 40 FIRM 80
920 1 0.41 920 0.00 40 FIRM 40
1000 11 4.53 11000 0.01 40 FIRM 440
1200 4 1.65 4800 0.00 40 FIRM 160
1240 1 0.41 1240 0.00 40 FIRM 40
1280 1 0.41 1280 0.00 40 FIRM 40
1800 4 1.65 7200 0.00 40 FIRM 160
2000 1 0.41 2000 0.00 40 FIRM 40
2400 2 0.82 4800 0.00 40 FIRM 80
2440 1 0.41 2440 0.00 40 FIRM 40
3000 5 2.06 15000 0.01 40 FIRM 200
3040 3 1.23 9120 0.01 40 FIRM 120
4000 2 0.82 8000 0.00 41 FIRM 82
4240 1 0.41 4240 0.00 43 FIRM 43
4400 1 0.41 4400 0.00 45 FIRM 45
4520 1 0.41 4520 0.00 46 FIRM 46
4840 1 0.41 4840 0.00 49 FIRM 49
6000 9 3.70 54000 0.03 61 FIRM 549
6040 4 1.65 24160 0.01 62 FIRM 248
6080 1 0.41 6080 0.00 62 FIRM 62
6120 2 0.82 12240 0.01 62 FIRM 124
9000 1 0.41 9000 0.01 92 FIRM 92
10000 4 1.65 40000 0.02 102 FIRM 408
10320 1 0.41 10320 0.01 105 FIRM 105
10880 1 0.41 10880 0.01 111 FIRM 111
12120 1 0.41 12120 0.01 124 FIRM 124
12720 1 0.41 12720 0.01 130 FIRM 130
13920 1 0.41 13920 0.01 142 FIRM 142
15000 4 1.65 60000 0.04 153 FIRM 612
15120 1 0.41 15120 0.01 154 FIRM 154
15400 1 0.41 15400 0.01 157 FIRM 157
18200 2 0.82 36400 0.02 186 FIRM 372
19000 1 0.41 19000 0.01 194 FIRM 194
21200 1 0.41 21200 0.01 216 FIRM 216
24280 1 0.41 24280 0.01 248 FIRM 248
26000 1 0.41 26000 0.02 265 FIRM 265
28440 1 0.41 28440 0.02 290 FIRM 290
28480 1 0.41 28480 0.02 290 FIRM 290
30000 3 1.23 90000 0.05 306 FIRM 918
30280 4 1.65 121120 0.07 309 FIRM 1236
30400 1 0.41 30400 0.02 310 FIRM 310
32000 1 0.41 32000 0.02 326 FIRM 326
33400 1 0.41 33400 0.02 341 FIRM 341
35760 1 0.41 35760 0.02 365 FIRM 365
40000 2 0.82 80000 0.05 408 FIRM 816
42400 1 0.41 42400 0.03 432 FIRM 432
47200 1 0.41 47200 0.03 481 FIRM 481
48000 1 0.41 48000 0.03 490 FIRM 490
50000 2 0.82 100000 0.06 510 FIRM 1020
51480 1 0.41 51480 0.03 525 FIRM 525
51520 1 0.41 51520 0.03 526 FIRM 526
54560 1 0.41 54560 0.03 557 FIRM 557
57560 1 0.41 57560 0.03 587 FIRM 587
60000 3 1.23 180000 0.11 612 FIRM 1836
60600 8 3.29 484800 0.29 618 FIRM 4944
60640 2 0.82 121280 0.07 619 FIRM 1238
64000 1 0.41 64000 0.04 653 FIRM 653
65000 1 0.41 65000 0.04 663 FIRM 663
66000 2 0.82 132000 0.08 673 FIRM 1346
72720 1 0.41 72720 0.04 742 FIRM 742
81800 1 0.41 81800 0.05 834 FIRM 834
85000 1 0.41 85000 0.05 867 FIRM 867
87840 1 0.41 87840 0.05 896 FIRM 896
90000 1 0.41 90000 0.05 918 FIRM 918
90880 1 0.41 90880 0.05 927 FIRM 927
91000 1 0.41 91000 0.05 928 FIRM 928
100000 2 0.82 200000 0.12 1020 FIRM 2040
101400 1 0.41 101400 0.06 1034 FIRM 1034
108000 1 0.41 108000 0.06 1102 FIRM 1102
112120 1 0.41 112120 0.07 1144 FIRM 1144
115000 1 0.41 115000 0.07 1173 FIRM 1173
120000 2 0.82 240000 0.14 1224 FIRM 2448
121200 3 1.23 363600 0.21 1236 FIRM 3708
121240 1 0.41 121240 0.07 1237 FIRM 1237
139200 1 0.41 139200 0.08 1420 FIRM 1420
145440 1 0.41 145440 0.09 1483 FIRM 1483
150000 1 0.41 150000 0.09 1530 FIRM 1530
151600 1 0.41 151600 0.09 1546 FIRM 1546
181800 1 0.41 181800 0.11 1854 FIRM 1854
190000 1 0.41 190000 0.11 1938 FIRM 1938
197600 1 0.41 197600 0.12 2016 FIRM 2016
200000 1 0.41 200000 0.12 2040 FIRM 2040
229400 1 0.41 229400 0.14 2340 FIRM 2340
240000 1 0.41 240000 0.14 2448 FIRM 2448
242400 3 1.23 727200 0.43 2472 FIRM 7416
272760 1 0.41 272760 0.16 2782 FIRM 2782
284000 1 0.41 284000 0.17 2897 FIRM 2897
288000 1 0.41 288000 0.17 2938 FIRM 2938
300000 2 0.82 600000 0.35 3060 FIRM 6120
303000 13 5.35 3939000 2.33 3091 FIRM 40183
306000 1 0.41 306000 0.18 3121 FIRM 3121
308000 1 0.41 308000 0.18 3142 FIRM 3142
325000 1 0.41 325000 0.19 3315 FIRM 3315
333320 1 0.41 333320 0.20 3400 FIRM 3400
363640 1 0.41 363640 0.21 3709 FIRM 3709
404000 1 0.41 404000 0.24 4121 FIRM 4121
424240 1 0.41 424240 0.25 4327 FIRM 4327
455000 1 0.41 455000 0.27 4641 FIRM 4641
545600 1 0.41 545600 0.32 5565 FIRM 5565
606000 1 0.41 606000 0.36 6181 FIRM 6181
606040 13 5.35 7878520 4.66 6182 FIRM 80366
727200 1 0.41 727200 0.43 7417 FIRM 7417
909080 2 0.82 1818160 1.07 9273 FIRM 18546
950000 1 0.41 950000 0.56 9690 FIRM 9690
1090880 1 0.41 1090880 0.64 11127 FIRM 11127
1091000 1 0.41 1091000 0.64 11128 FIRM 11128
1212120 3 1.23 3636360 2.15 12364 FIRM 37092
1212200 1 0.41 1212200 0.72 12365 FIRM 12365
1235000 1 0.41 1235000 0.73 12597 FIRM 12597
1350000 1 0.41 1350000 0.80 13770 FIRM 13770
1515000 1 0.41 1515000 0.90 15453 FIRM 15453
1515120 3 1.23 4545360 2.69 15454 FIRM 46362
1515200 1 0.41 1515200 0.90 15455 FIRM 15455
1600000 1 0.41 1600000 0.95 16320 FIRM 16320
1636360 2 0.82 3272720 1.93 16691 FIRM 33382
1696960 2 0.82 3393920 2.01 17309 FIRM 34618
1697000 1 0.41 1697000 1.00 17309 FIRM 17309
2218200 1 0.41 2218200 1.31 22626 FIRM 22626
2880000 2 0.82 5760000 3.41 29376 FIRM 58752
3030400 1 0.41 3030400 1.79 30910 FIRM 30910
3031000 2 0.82 6062000 3.58 30916 FIRM 61832
3060600 1 0.41 3060600 1.81 31218 FIRM 31218
3600000 1 0.41 3600000 2.13 36720 FIRM 36720
3636360 2 0.82 7272720 4.30 37091 FIRM 74182
3761800 1 0.41 3761800 2.22 38371 FIRM 38371
4500000 1 0.41 4500000 2.66 45900 FIRM 45900
4545440 2 0.82 9090880 5.37 46364 FIRM 92728
4545480 1 0.41 4545480 2.69 46364 FIRM 46364
5000000 1 0.41 5000000 2.96 51000 FIRM 51000
5727240 1 0.41 5727240 3.39 58418 FIRM 58418
6666640 1 0.41 6666640 3.94 68000 FIRM 68000
7272000 1 0.41 7272000 4.30 74175 FIRM 74175
7273000 1 0.41 7273000 4.30 74185 FIRM 74185
9777520 3 1.23 29332560 17.34 99731 FIRM 299193

C) Allocation In Anchor Portion
The Company allocated 1,725,450 equity shares to 9 Anchor Investors in consultation with the Book Running Lead Managers. This represents 30% of the QIB portion.

D) Allocation In Net QIB Portion (net of Anchor Portion)
As per the SEBI  ICDR Regulations, Mutual Funds were initially allotted 201,302 (Equity Shares), corresponding to 5% of the Net QIB Portion, and balance 3,824,748 shares were allotted to QIBs including Mutual Funds. Breakup ot the QIB Portion (excluding Anchor Portion) is as follows:

Category Mutual Funds FIIs Fl's VC's Total
No. of Shares 1066537 2284779 576027 98707 4026050

The Board in its meeting held in New Delhi on January 27, 2010 approved the Basis of Allotment of Equity Shares in the Issue and recommended the allotment of Equity Shares to successful applicants. The CAN-cum-Refund Orders and NECS/RTGS/Direct Credit Intimation has been dispatched to the address of the investors as registered with the depositories. In case the same are not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to the successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the National Stock Exchange of India Limited and Bombay Stock Exchange Limited within seven working days from the date of approval of Basis of Allotment.

INVESTORS PLEASE NOTE
These details of the allocation will also be available on the website of the Registrar to the Issue, Bigshare Service Private Limited, at http://www.bigshareonline.com
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting the full name of the First/Sole applicants, Serial Number of the Bid-cum-Application Form, Number of shares bid for, Name of the Member of the Syndicate and Place where the bid was submitted and payment details at the address given below :

Bigshare Services Private Limited
E-2, Ansa Industrial Estate, Saki Vihar Road, Sakinaka, Andheri [E], Mumbai - 400 072
Phone: (91-22) 4043 0200; Fax: (91-22) 2847 5207 Email:ipo@bigshareonline.com
Website: www.bigshareonline.com Contact Person: Mr. Ashok Shetty

Place: New Delhi
Date: January 28, 2010
For Infinite Computer Solutions (India) Limited
Sd/-
COMPLIANCE OFFICER

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF INFINITE COMPUTER SOLUTIONS (INDIA) LIMITED.

Infinite Computer IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Infinite Computer IPO?

    Check the basis of allotment document above to know about how the shares are allocated in Infinite Computer IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).
  2. 2. What is Infinite Computer IPO basis of allotment status?

    The Infinite Computer IPO basis of allotment (published above) tells you how shares are allocated to you in Infinite Computer IPO and category wise demand of IPO share.

    Visit the Infinite Computer IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Infinite Computer IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Infinite Computer IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

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