Thinksoft Global rises 31% on debut

Thinksoft Global Services, an IT solutions provider, closed with the highest premium among the new listings so far in the current financial year with its stocks closing at Rs 164.30 on the Bombay Stock Exchange (BSE) on Monday, up 31.44 per cent against the issue price of Rs 125.

However, in terms of listing, the company had the dullest debut on BSE, as its stocks listed at a discount of 20 per cent at Rs 100. However, during the day, it managed to reach up to Rs 170 before settling down at Rs 164.30.

Whereas on the National Stock Exchange, company’s stocks listed at a marginal premium of 0.8 per cent at Rs 126 and closed at Rs 166 after hitting an intra-day high of Rs 169.80.

The issue price of Thinksoft Global was 12.5 times of the face value, the company had said earlier. The firm had raised Rs 45.57 crore through the initial share of 36.46 lakh equity at the upper end of the price band of Rs 115-125 a piece.