Infinite Computer Solutions IPO opens Jan 11

MUMBAI: Infinite Computer Solutions, a global service provider of infrastructure management, intellectual property leveraged solutions and IT services, is entering the capital market on January 11, 2010.

The company is offering 1.15 crore equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process. The price band is fixed between Rs 155 and Rs 165 per share. Issue closes January 13, 2010.

Infinite’s consolidated revenues for fiscal 2008-09 stood at Rs 495.87 crore and for the six month period ending September 30 for the fiscal 2009-10, revenues were Rs 318.12 crore. Net profit grew to Rs 45.13 crore in fiscal 2008-09 and Rs 37.14 crore for the six months period ended September 30, 2009.

The Book Running Lead Managers are SPA Merchant Bankers and India Infoline. The syndicate members are SPA Securities, India Infoline, Avendus Capital Private and Reliance Securities.

The equity shares are proposed to be listed on Bombay Stock Exchange and National Stock Exchange.