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Infinite Computer closes with 16.7% premium on day 1
Infinite Computer Solutions, a global service provider of infrastructure management, intellectual property leveraged solutions and IT services, closed at Rs 192.55, with 16.7% premium over its issue price of Rs 165 on the NSE.
Infinite Computer Solutions , a global service provider of infrastructure management, intellectual property leveraged solutions and IT services, closed at Rs 192.55, with 16.7% premium over its issue price of Rs 165 on the NSE. The share touched an intraday high of Rs 206 and low of Rs 170, which was the opening price.
It traded with volumes of 2,44,35,160 shares and saw a turnover of Rs 480 crore.
On the BSE, Infinite rose 16.12% to settle at Rs 191.60, after seeing a high of Rs 205.80 and low of Rs 178.35, which was the opening price. It witnessed volumes of 1,63,82,299 shares.
Infinite entered the capital market during January 11-13, 2010, with an IPO of Rs 189.8 crore and the price band was between Rs 155 and Rs 165 per equity share. The issue was subscribed over 43 times and the company raised Rs 190 crore.
The fresh issue proceeds will be used for capital expenditure (Rs 25.7 crore); acquisitions (Rs 38 crore) and repayment of debt (Rs 8.4 crore).
