Tuesday, January 5, 2010

Infinite Comp IPO - Analysis, Recommendation and Review

Infinite Computer Solutions India has come out with an IPO of 11,503,000 equity shares of Rs. 10. The company is a global service provider of Infrastructure management, Intellectual property leveraged solutions and IT services, focused on Telecom, media energy, manufacturing and healthcare industries.

The price band is fixed at Rs. 155 - Rs. 165 per equity share. The issue will open for subscription on January 11, 2010 and will close on January 13, 2010.

The IPO proceeds will be used for capital expenditure (Rs. 25.7 crore), acquisitions (Rs. 38 crore) and repayment of debt (Rs. 8.4 crore). For the year ending March 31, 2009, it reported net profit of Rs. 36.2 crore on revenues of Rs. 128.7 crore and for the six months ending September 2009, it posted net profit of Rs. 20.7 crore on revenue of Rs. 92.5 crore.

The book running lead managers to the issue are India Infoline limited and SPA Merchant Bankers Ltd. Bigshare Services Pvt Ltd is the registrar.

We would recommend investors to invest in this IPO.

Watch out this blog for more details on subscription, allotment and listing!

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