Thinksoft Global lists at Rs 126 on the NSE

Thinksoft Global Services listed at Rs 126 on the NSE today, at a marginal premium of 0.8% to its issue price of Rs 125 a share. However, the stock gained momentum and at 9.56 am, the share was trading at Rs 133, at a premium of 6.40% to its issue price.

The share touched an intraday high of Rs 134.80 and an intraday low of Rs 126 in the early trade. The total traded quantity was 6,06,972 shares and turnover was at Rs 796.53 lakh.

On the BSE, the share opened at Rs 100, at a discount of 20% to its issue price. It touched an intraday high of Rs 136.80 and intraday low of Rs 100.

The issue was of 36,46,000 equity shares and was subscribed 2.57 times. (Read the IPO Subscription details here) The issue was scheduled to close on September 24 but was extended due to lukewarm response from investors.

The company had also reduced its IPO price band to Rs 115-125 from Rs 120-130 per share. The issue had opened for subscription on September 22, 2009 and closed on October 1.

The IPO consisted a fresh issue of 13.5 lakh shares and an offer for sale of 22.96 lakh shares by Gibraltar-based fund, Euro Indo Investments.

Karvy Investor Services was the book running lead manager to the issue.