Infinite Computer Solutions IPO to hit markets on January 11, 2010

Mumbai - January 5, 2010: Infinite Computer Solutions (India) Limited ("Infinite" or the "Company"), a global service provider of Infrastructure Management, Intellectual Property (IP) leveraged solutions and IT services, focused on the Telecom, Media, Energy, Manufacturing, and Healthcare industries, is entering the capital market on January 11, 2010, with an Initial Public Offering ("IPO") of 11.5030 million Equity Shares of Rs. 10 each for cash at a price to be decided through a 100% book-building process (the "Issue"). The price band has been fixed between Rs. 155 and Rs. 165 per Equity Share. The Issue closes on January 13, 2010.

The Issue consists of a fresh issue of 5.7336 million Equity Shares by the Company and an Offer for Sale of 5.7694 million Equity Shares. The issue will constitute 26.17% of the fully diluted post issue paid-up capital of the Company.

Upto 50% of the Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs"). Further, the Company may allocate upto 30% of the QIB Portion to Anchor Investors at the Anchor Investor Issue Price on a discretionary basis, out of which atleast one-third will be available for allocation to Domestic Mutual Funds. Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to mutual funds only and the remaining Net QIB portion shall be available for allocation on a proportionate basis to all Qualified Institutional Buyers, including mutual funds, subject to valid bids being received at or above issue price. Further atleast 15% and atleast 35% of the Issue shall be available for allocation on proportionate basis to Non-Institutional Bidders and Retail Individual Bidders subject to valid bids being received from them at or above the Issue Price.

The Equity Shares offered through the Red Herring Prospectus ("RHP") of the Company are proposed to be listed on Bombay Stock Exchange Limited ("BSE") and National Stock Exchange of India Limited ("NSE"). The Book Running Lead Managers ("BRLMs") are SPA Merchant Bankers Limited and India Infoline Limited. The syndicate members are SPA Securities Limited, India Infoline Limited, Avendus Capital Private Limited and Reliance Securities Limited.

Source : Equity Bulls

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