Bookbuilding IPO | ₹190 Cr | Listed at BSE, NSE | Mon, Jan 11, 2010 - Wed, Jan 13, 2010
Infinite Computer IPO is a book build issue of ₹189.84 crores. The issue is a combination of fresh issue of 0.57 crore shares aggregating to ₹94.64 crores and offer for sale of 0.58 crore shares aggregating to ₹95.20 crores.
Infinite Computer IPO bidding started from Jan 11, 2010 and ended on Jan 13, 2010. The shares got listed on BSE, NSE on Feb 3, 2010.
Infinite Computer IPO price band is set at ₹165 per share. The lot size for an application is 40. The minimum amount of investment required by an retail is ₹6,600 (40 shares) (based on upper price). The lot size investment for sNII is 31 lots (1,240 shares), amounting to ₹2,04,600, and for bNII, it is 152 lots (6,080 shares), amounting to ₹10,03,200.
IIFL Capital Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Infinite Computer IPO RHP for detailed Information.
IPO Open
Mon, Jan 11, 2010
IPO Close
Wed, Jan 13, 2010
Issue Price
₹165 per share
Market Cap (Pre-IPO)
₹725.30 Cr
| IPO Date | 11 to 13 Jan, 2010 |
| Listed on | Wed, Feb 3, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹155 to ₹165 |
| Issue Price | ₹165 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,15,05,352 shares (agg. up to ₹190 Cr) |
| Fresh Issue | 57,35,952 shares (agg. up to ₹95 Cr) |
| Offer for Sale | 57,69,400 shares of ₹10 (agg. up to ₹95 Cr) |
| Share Holding Pre Issue | 3,82,24,043 shares |
| Share Holding Post Issue | 4,39,57,643 shares |
| BSE Script Code / NSE Symbol | 533154 / INFINITE |
| ISIN | INE486J01014 |
Infinite Computer IPO comprises a total issue size of 1,15,03,000 shares. Out of which, 57,51,500 (50.00%) are allocated to QIB, 17,25,450 (15.00%) allocated to NII 40,26,050 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 57,51,500 | 50.00% | NA |
| − Anchor Investor Shares Offered | 17,25,450 | 15.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 40,26,050 | 35.00% | NA |
| NII (HNI) Shares Offered | 17,25,450 | 15.00% | NA |
| Retail Shares Offered | 40,26,050 | 35.00% | 1,00,651 |
| Total Shares Offered | 1,15,03,000 | 100.00% |
Investors can bid for a minimum of 40 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹6,600 |
| Retail (Max) | 30 | 1,200 | ₹1,98,000 |
| S-HNI (Min) | 31 | 1,240 | ₹2,04,600 |
| S-HNI (Max) | 151 | 6,040 | ₹9,96,600 |
| B-HNI (Min) | 152 | 6,080 | ₹10,03,200 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure | 25.75 |
| 2 | Acquisition(s) | 38.00 |
| 3 | Repayment of Debt | 8.50 |
| 4 | General Corporate Purposes | 22.50 |
| 5 | Expenses related to Fresh Issue | 7.19 |
| KPI | |
|---|---|
| RoNW | 29.26% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 78% | 63.766% |
| Market Cap | ₹725.30 Cr. |
The Infinite Computer IPO is subscribed 43.22 times on January 13, 2010 5:00:00 PM (Day 3). The public issue subscribed 11.08 times in the retail category, 48.44 times in the QIB category, and 106.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 48.44 | 40,26,050 | |
| NII | 106.02 | 17,25,450 | |
| Retail | 11.08 | 40,26,050 | |
| Total | 43.22 | 97,77,550 |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees to the intermediaries i.e. BRLMs, Registrar, Legal Advisor, Auditors, etc | 4.46 |
| 2 | Underwriting & Selling Commission including commission to SCSBs for ASBA applications | 4.01 |
| 3 | Advertising and Marketing expenses | 0.95 |
| 4 | Printing, Stationery and Distribution expenses | 1.79 |
| 5 | Miscellaneous Expenditure (IPO Grading fee, Advisor to the Issue, SEBI and Stock Exchage fee, Bidding Software expenses, listing fee, Depository expenses, etc) | 3.03 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹165.00 | ₹165.00 |
| Open | ₹178.35 | ₹170.00 |
| Low | ₹178.35 | ₹170.00 |
| High | ₹205.80 | ₹206.00 |
| Last Trade | ₹191.60 | ₹191.80 |
Lead Manager Reports
Infinite Computer IPO is a main-board IPO of 1,15,05,352 equity shares of the face value of ₹10 aggregating up to ₹190 Crores. The issue is priced at ₹165 per share. The minimum order quantity is 40.
The IPO opens on Mon, Jan 11, 2010, and closes on Wed, Jan 13, 2010.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Infinite Computer IPO using UPI as a payment gateway. Zerodha customers can apply in Infinite Computer IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Infinite Computer IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Infinite Computer IPO opens on Mon, Jan 11, 2010 and closes on Wed, Jan 13, 2010.
Infinite Computer IPO lot size is 40, and the minimum amount required for application is ₹6,600.
You can apply in Infinite Computer IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Infinite Computer IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Infinite Computer IPO allotment status.
The Infinite Computer IPO listing date is on Wed, Feb 3, 2010.
