Infinite Computer Solutions IPO receives subscription of 43.22 times

The Initial Public Offering (IPO) of Infinite Computer Solutions India Ltd has received overwhelming response from investors with a subscription of 43.22 times. The IPO opened for subscription on January 11, 2010 and closed for subscription today - January 13, 2010.

The company had come out with an issue of 11503000 equity shares [including Anchor investor portion of 1725450 equity shares] of Rs 10 each for cash at a price band of Rs. 155 To Rs.165 through 100% book building process.

The issue has received bids for 422563960 equity shares against the offer of 9777550 equity shares. The issue has received bids for 39643600 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 48.4435 times with bids for 195035840 equity shares against the offer of 4026050 equity shares.

The Non Institutional Investors portion of the issue has received bids for 182927240 equity shares against the offer of 1725450 equity shares resulting in a subscription of 106.0171 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 11.0781 times with bids for 44600880 equity shares against the offer of 4026050 equity shares.

Source : Equity Bulls

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