Issue Detail:

  »»  Issue Open: Jan 11, 2010 - Jan 13, 2010
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 11,503,000 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 178.30 - 189.80 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 155 - Rs. 165 Per Equity Share
  »»  Market Lot: 40 Shares
  »»  Minimum Order Quantity: 40 Shares
  »»  Listing At: BSE, NSE

Company Profile:

Infinite is a global service provider of infrastructure management, intellectual property leveraged solutions, and IT services to telecom and media. Infinite Computer’s major customers include Verizon, IBM, ACS, GE and AOL. Company have 14 offices across the globe, including offices in multiple locations in the US, UK, India, China, Malaysia, Singapore and Australia.

Financial Performance:

The best part about the company is that they have shown good growth in their top line and bottom line in the last 18 months. If we see FY09 they have a turnover of about Rs 500 crore with a bottom-line of about Rs 45 crore, while in first half they already have achieve a bottom line of about Rs 37 crore that too after providing some extraordinarily of Rs 5 crore. However CRISIL also rated Grade-2 for this IPO which indicate that company fundamental is below average.

EquityPandit Advice:

Overall this IPO is good as far as fundamentals are concerned & most of the brokerage firms recommend to subscribe this IPO. But we feel that one should avoid this IPO & reserve your cash for the market. As a retail investor you would get good quantity of shares as retail portion won’t subscribe much so if issue won’t show good performance during listing time your valuable money would be blocked. As market is struggling to reach new highs and would go down slowly due to RBI policy concern this IPO may struggle during its listing. Even one would like to go for this, put small amount of money for this IPO.