Infinite Computer Solutions (India) Ltd (ICSL) was incorporated in September 1999, as a pvt ltd company and later converted into a public ltd company in February 2008. ICSL is a global provider of IT services, Infrastructure Management Services and Intellectual Property Leveraged Solutions. ICSL’s services span from Application Management Outsourcing, Packaged Application Services, Independent Validation and Verification, Product Development and Support and higher value-added offerings including Managed Platform and Product Engineering Services.
The company caters to a vast array of industries such as Telecom, Media, Technology, Manufacturing, Power and Healthcare industries. ICSL has a widespread global presence with 14 offices situated across globe including US, UK, India, China, Malaysia, Singapore and Australia. The company also has delivery centers in Bangalore, Gurgaon, Hyderabad and Chennai.ICSL’s customers include large global companies such as Verizon Communications, Affiliated Computer Services (ACS), GE, America Online, Alcatel Lucent and Fujitsu.Post issue promoters & promoter’s group shareholding will reduce to 63.82% from existing 78%.
Issue Objectives
For expansion of IT infrastructure at existing campus located in Bangalore and to set up facilities at SEZ in Gurgaon in National Capital Region
The company caters to a vast array of industries such as Telecom, Media, Technology, Manufacturing, Power and Healthcare industries. ICSL has a widespread global presence with 14 offices situated across globe including US, UK, India, China, Malaysia, Singapore and Australia. The company also has delivery centers in Bangalore, Gurgaon, Hyderabad and Chennai.ICSL’s customers include large global companies such as Verizon Communications, Affiliated Computer Services (ACS), GE, America Online, Alcatel Lucent and Fujitsu.Post issue promoters & promoter’s group shareholding will reduce to 63.82% from existing 78%.
Issue Objectives
For expansion of IT infrastructure at existing campus located in Bangalore and to set up facilities at SEZ in Gurgaon in National Capital Region
For funding any future acquisitions
For repayment of balance term loan
IPO Grading / RatingICRA has assigned an IPO Grade 2 to ICSL’s IPO indicating below-average fundamentals.Issue Open: Jan 11, 2009 - Jan 13, 2009Issue Type: 100% Book Built Issue IPOIssue Size: 11,503,000 Equity Shares of Rs. 10Issue Size: Rs. 178.30 - 189.80 CroreFace Value: Rs. 10 Per Equity ShareIssue Price: Rs. 155 - Rs. 165 Per Equity ShareMarket Lot: 40 SharesMinimum Order Quantity: 40
For repayment of balance term loan
IPO Grading / RatingICRA has assigned an IPO Grade 2 to ICSL’s IPO indicating below-average fundamentals.Issue Open: Jan 11, 2009 - Jan 13, 2009Issue Type: 100% Book Built Issue IPOIssue Size: 11,503,000 Equity Shares of Rs. 10Issue Size: Rs. 178.30 - 189.80 CroreFace Value: Rs. 10 Per Equity ShareIssue Price: Rs. 155 - Rs. 165 Per Equity ShareMarket Lot: 40 SharesMinimum Order Quantity: 40
SharesListing At: BSE, NSE
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