Monday, October 26, 2009

IPO Updates: Post Diwali crackers by Thinksoft Global Services, Ended with fabulous 32% return

Thinksoft Global Services listed today on BSE & NSE. ThinkSoft listed with marginal premium of Rs. 1 which is 0.8% to its issue price, but ended its first trading session at a huge premium of 32.80% to its issue price of Rs 125. On BSE it listed at Rs. 100.

On NSE:
Intra-day low of Rs. 126 and high was Rs. 169.80. The share closed at Rs 166 on the NSE. The total traded quantity was 2,62,47,157 shares and turnover was at Rs 40769.71 lakh.

On the BSE, the share closed at Rs 164.30 at a huge premium of 31.44% to its issue price. It touched an intraday high of Rs 170 and intraday low of Rs 100. It was a post diwali crackers in the Market.


The issue was of 36,46,000 equity shares and was subscribed 2.57 times. IT opened for subscription during September 22-October 1, 2009.

Thinksoft Global Services had reduced its IPO price band to Rs 115-125 from Rs 120-130 per share, due to poor response from investors.
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