Infinite Computer Solutions India IPO
Infinite Computer Solutions India IPO — date, price band, lot size & details 2010
Infinite Computer Solutions India listed on 3 Feb 2010 at ₹170, 3% above the ₹165 issue price.
Infinite Computer Solutions is an IT services company offering infrastructure management, IP leveraged solutions and IT services, with a focus on telecom. Its total income was Rs 132.34 crore in FY2009.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 11 Jan 2010
- Close 13 Jan 2010
- Allotment 25 Jan 2010
- Refund/credit TBA
- Listing 03 Feb 2010
Issue summary
The terms of the offer, as filed.
| IPO Dates | 11 to 13 Jan, 2010 |
|---|---|
| Price Band | ₹155 – ₹165 |
| Face Value | ₹10 |
| Lot Size | 40 Shares |
| Issue Size | ₹189.84 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 6,600 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 40 shares at the ₹165 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 40 | ₹6,600 |
| Retail (max) | 30 | 1,200 | ₹1,98,000 |
| S-HNI (min) | 31 | 1,240 | ₹2,04,600 |
| S-HNI (max) | 151 | 6,040 | ₹9,96,600 |
| B-HNI (min) | 152 | 6,080 | ₹10,03,200 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 87.83 crore in FY2008 to Rs 132.34 crore in FY2009.
- 02Profit after tax rose from Rs 8.73 crore in FY2007 to Rs 36.28 crore in FY2009.
- 03Total borrowing was only Rs 8.60 crore on 30 September 2009.
- 04Net worth rose from Rs 78.18 crore in FY2007 to Rs 149.80 crore on 30 September 2009.
- 05Its customers included Verizon, IBM, GE and AOL, served from 14 offices worldwide.
Risks · 5
- 01Total income fell from Rs 100.38 crore in FY2007 to Rs 87.83 crore in FY2008, so revenue has been uneven.
- 02Rs 95.20 crore of the Rs 189.84 crore issue was offer for sale, including shares sold by the promoter.
- 03Rs 38.00 crore of the fresh issue was set aside for acquisitions, which carry integration risk.
- 04Its 14 offices across several countries bring currency and overseas regulation risk.
- 05The promoter held 78% before the issue and sold shares in the offer for sale.
Three years of numbers
All figures in ₹ crore, as reported in the Infinite Computer Solutions India offer document.
| Metric | 30 Sep 2009 | 31 Mar 2009 | 31 Mar 2008 | 31 Mar 2007 |
|---|---|---|---|---|
| Assets | 190.92 | - | - | - |
| Total Income | 95.34 | 132.34 | 87.83 | 100.38 |
| Profit After Tax | 20.79 | 36.28 | 14.22 | 8.73 |
| NET Worth | 149.80 | 129.01 | 92.54 | 78.18 |
| Reserves and Surplus | 111.58 | 90.79 | 54.44 | 40.15 |
| Total Borrowing | 8.60 | 11.90 | 15.60 | 6.70 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Infinite Computer Solutions India RHP.
Where the money goes
₹108.99 Cr of the issue is earmarked to named objects.
About the company
It provides infrastructure management, intellectual property leveraged solutions and IT services to the telecom, media, technology, manufacturing and healthcare industries. Its services run from application management outsourcing and testing to product engineering and managed platforms.
Its major customers included Verizon, IBM, ACS, GE and AOL, and it had 14 offices across the US, UK, India, China, Malaysia, Singapore and Australia.
The IPO was Rs 189.84 crore, with Rs 94.64 crore of fresh issue and Rs 95.20 crore of offer for sale by Whiterock Investments (Mauritius) and Sanjay Govil. The fresh money was for capital expenditure, acquisitions, repaying debt and general purposes.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Infinite Computer Solutions India IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
IIFL Capital Services Limited
145 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).
SPA Capital Advisors Ltd
4 issues handledBest listing: SRS (+17.2%). Weakest: Cantabil Retail India (-15.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Infinite Computer Solutions India?
The current Grey Market Premium is ₹0.
What is the Infinite Computer Solutions India IPO price band?
₹155 to ₹165, on a face value of ₹10.
When is the allotment?
The basis of allotment is 25 January 2010, with listing on 3 February 2010.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
