Firstsource Solutions ends with 24% premium

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Firstsource Solutions , a leading Indian BPO company providing customized business process transformation in the Banking & Financial Services, Telecom & Media and Healthcare sectors, has listed with good premium. It started the first day at Rs 90.10, up 40.78% over its offer price of Rs 64 per share and touched an intraday high of Rs 90.10 in the morning trade. It was trading above Rs 80 till the afternoon trade on the back of buying interest from HNIs and institutional investors; markets also trading higher. But suddenly it went below Rs 80 level as markets slipped over 200 points in late trade due to selling pressure across the board, which impacted the stock also. But it did not break its intraday low of Rs 76.55.

Finally, it ended the day at Rs 79.55, up 24.30% with volumes of 5,36,04,654 shares on the NSE.

The shares closed at Rs 79.60, with volumes of 2,88,51,274 shares. It touched an intraday high of Rs 88.90 and an intraday low of Rs 75.10. It opened at Rs 75.10.

The company entered capital market with its initial public offering, IPO of 69.30 million equity shares of Rs 10 each.

The company currently employs over 10,717 employees across 20 delivery centres in India, the UK, the US and Argentina. The company has over 74 leading organisations as customers, including six "Fortune Global 500" banks, two "Fortune Global 500" telecommunications companies and three "Fortune 100" healthcare companies.