Forestlaneshul Press

Posted: 17-Feb-10 in General by Kumar 0 comment

ThinkSoft Global: ThinkSoft News: ThinkSoft Share Price

ThinkSoft Global: ThinkSoft News: ThinkSoft Share Price.The stock debuted at Rs100 a discount of 20% over the IPO of Rs125 per share. From there on, it has shot up over 300% in just 5 months.Shares of ThinkSoft Solutions are locked at 20% lower circuit at Rs397.10 on the back of huge volumes.

The scrip opened at Rs499 it touched an intra-day high of Rs499 and a low of Rs397 and recorded volumes of over 1.5mn shares on NSE.ThinkSoft Solutions has come a long way after commencing trade on the Indian exchanges. The stock debuted at Rs100 a discount of 20% over the IPO of Rs125 per share.From there on, it has shot up over 300% in just 5 months.

The company had raised Rs455.7mn through the IPO. Thinksoft Global Services’ IPO ended on 1 October 2009 with subscription of 2.25 times. The IPO got bids for 82.12 lakh shares as against 36.46 lakh shares on offer.The IPO consisted of a fresh issue of 13.5 lakh shares and an offer for sale of 22.96 lakh shares by Gibraltar-based fund, Euro Indo Investments.Thinksoft Global Services is a financial software testing company. The company plans to set up a Rs160mn facility at the Madras Export Processing Zone in Chennai. The proposed 400-seat facility, to be funded with the IPO proceeds, would involve Rs137mn for infrastructure development and Rs 1.66mn for equipment. Source: Indiainfoline.com

Get Updates by eMail: Submit eMail Here

Not what are you looking for? Search again

Disclaimer: Forestlaneshul.com publishes articles with information collected from various blogs and news websites available on the internet. Although we try our best to publish the correct information, we are not responsible for any mis-interpretation that may slip in while publishing the articles. In case you found any information inappropriate or incorrect, please report the same to our web admin so that we can amend or take down the article at the earliest. Please also note that Comment Section available below is for "Discussion amongst our Visitors" and NOT for Official Queries and Requests.

Post your comments or inquiries