Friday, January 8, 2010

IPO INFINITE COMPUTER SOLUTIONS @ Rs.165/=.Closes on 13Jan

PRE ISSUE REPORT

 

INFINITE COMPUTER SOLUTIONS LIMITED

    

                  OPENS ON : 11/01/2010                                          CLOSES ON : 13/01/2010

 

COMPANY DETAILS:

·         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.

·         Their 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.

·         We have established our presence in most of the large telecom, and IT services markets of the world, with offices at multiple locations in the U.S, the U.K, India, Singapore, Malaysia, and China. We have also been growing our development centers in India – Bangalore, Chennai, Hyderabad and Gurgaon.

·         Our consolidated revenues were Rs.3,489.32 million in Fiscal 2006-07, Rs.3,415.24 million in Fiscal 2007-08 and Rs.4,958.72 million in Fiscal 2008-09. For the six month period ending September 30 for the fiscal 2009-10, our revenues are Rs.3,181.26 million. Our profit after tax and extraordinary items was Rs.100.84 million in fiscal 2006-07, Rs.174.97 million in fiscal 2007-08, Rs.451.30 million in fiscal 2008-09 and Rs.371.40 million for the six months period ended September 30, 2009.

 

Issue Details:

Issue Size                                            11,503,000 Equity shares 

Face Value                                           Rs.10/ - per share.

Floor Price                                           Rs.155/ - per share     

Cap Price                                             Rs.165/- per share

Lot Size                                               40 Equity Shares x multiple of 40 Equity Shares each

Exchanges                                           BSE & NSE

 

Book Running Lead Manager: 

 

1.      SPA MERCHANT BANKERS LIMITED

2.      INDIA INFOLINE LIMITED

 

ISSUE STRUCTURE

S. No.

Main Category

No of equity shares reserved for the main category

1

QIB

50% (Upto 5,751,500  Equity Shares)

2

Non Institutional

15% (At least 1,725,450 Equity Shares)

3

Retail

35% (At least 4,026,050 Equity Shares)

Total Issue size

1+2+3

11,503,000 Equity shares

 

 

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