Thinksoft Global Services: Lists at premium to issue price

Thinksoft global Services Limited which tapped the capital markets between the 22nd of September and 24th of September had the dubious distinction of having to extend its subscription because the issue was under subscribed. The original price band was Rs 120-130 and the same was then reduced to Rs 115-125. The issue was priced at Rs 125.

The issue consisted of a dual offer with an offer for sale of 22.96 lakh shares and a fresh issue of 13.5 lakh shares. The total issue therefore was for 36.46 lakh shares.

The share listed at the BSE and NSE today and the listing price was Rs 100 and Rs 126 respectively. The share has made a low of Rs 100 which was the open on the BSE and Rs 126 on the NSE also the open of the day.

Exchange Open High Low Close Net Change % gain Volume Wt Avg
BSE 100.00 147.00 100.00 143.30 18.30 14.64 3351365 136.70
NSE 126.00 148.00 126.00 143.50 18.50 14.80 3500695 137.11
Total 6852060

The share has seen combined trading on both the exchanges of 68.52 lakh shares which is 1.88 times the capital which was issued in the IPO. The trading is indeed very brisk and the share is trading at a premium of 17% currently after thirty minutes of trading. Let us see the delivery percentage and price at the end of the day.

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