Vishal Info debuts with 13.33% discount on the NSE

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Vishal Information Technologies , a company in the field of ITES/BPO services and a subsidiary of Tutis Information Technologies listed at Rs 130 on the NSE against the issue price of Rs 150 at a discount of  13.33%.

At 9.56 am the share was trading at Rs 183.70 on the NSE. The share touched an intraday high of Rs 184 and an intraday low of Rs 125.60. The Total traded quantity was 30,008 shares and turnover was Rs 51.63  lakh.

On the BSE the share opened at Rs 150 at its issue price. On the BSE the share touched an intraday high of Rs 185 and intraday low of Rs 145.

The IPO was subscribed 1.19 times. The Issue consisted of fresh Issue of 17,90,000 Equity shares and an offer for sale of 10,00,000 Equity shares by "Selling shareholders''. The price band has been fixed at Rs 140 to Rs 150 per equity share of Rs 10 each.

The Issue will constitute 26.12% of the fully diluted Equity share capital of the Company. Credit Analysis and Research (CARE) had assigned "IPO Grade 3'' to the Issue. Keynote Corporate Services and IDBI Capital Market Services are the BRLMs for the Issue.