Intrasoft Technologies IPO opens for subscription

The Initial Public Offering (IPO) of Intrasoft Technologies Limited opened for subscription by investors today - March 23, 2010.

The company has come out with IPO of 37,00,000 shares of Rs 10 each for cash at a price band of Rs. 137/- to Rs. 145/- through 100% book building process.

The Minimum Order Quantity is 40 Equity Shares and in multiples of 40 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs.100000.

The Rating Agency CARE Ratings has assigned IPO Grading of IPO Grade 3.

Collins Stewart Inga Private Limited and Anand Rathi Advisors Limited are the Book Running Lead Managers to the issue. ITI Financial Services Limited, Intime Spectrum Securities Limited and SMC Global Securities Limited are the Syndicate Members to the IPO.

LINK INTIME INDIA PRIVATE LIMITED is the registrar to the company.

The IPO closes for subscription on March 26, 2010.

Source : Equity Bulls

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