Thinksoft Global listed with marginal premium on NSE
Press Trust of India / Mumbai Oct 26, 2009, 10:22 IST
IT solutions provider Thinksoft Global Services today hit the capital market with a marginal gain of 0.8 per cent over its issue price on the National Stock Exchange.
The scrip opened at Rs 126 a share, over its issue price of Rs 125 a piece on the National Stock Exchange.
However, on the Bombay Stock Exchange the scrip opened at Rs 100, down 20 per cent over its issue price.
The Chennai-based firm has raised over Rs 45.57 crore through the initial public issue of 36.46 lakh equities at the upper end of the price band.
Within seconds of opening on the NSE, over 9,76,661 shares of Thinksoft Global Services changed hands.
The company intends to use the IPO proceeds to fund its expansion plans.
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