Friday, November 6, 2009

Thinksoft Global IPO - Listing details

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Thinksoft, an IT services provider, was looking to raise about Rs 45 crore by listing about 36 lakh shares in the stock market. The Thinksoft IPO had seen a lukewarm response from investors, having been subscribed only 2.57 times.

Thinksoft Global IPO listed on the stock exchanges a week back. At the time of listing, the stock was trading at only a marginal premium of 0.8%, it later soared about 20% in the day. The stock, which listed on the National Stock Exchange at a price of Rs 126 per share, was quoting at Rs 165 at the time of closing, up about 32%.
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