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Considering the upper price band of Rs 263, the stock is expected to list with a premium of 17% over the issue price.
However, it is important to note that grey market premiums are just an indicator as to how the company’s shares are stacked up in the unlisted market and are subject to change rapidly.
The IPO, which was a mix of fresh equity sale of 32.2 lakh shares and an offer for sale (OFS) of Rs 84.7 crore, received subscription of over 130 times at close.
Funds raised from the IPO will be used for technical advancements, spending on business developments, investment in subsidiaries, funding inorganic growth and general corporate purposes.
Capital Numbers Infotech offers digital consulting and IT engineering services, where it provides software development solutions to companies and startups worldwide. Its services are in line with the advancing technology including digital engineering, data analytics, artificial intelligence, cloud engineering among others.The company has more than 500 IT professionals and consultants to serve more than 250 clients worldwide, delivering services from various locations across India.Capital Numbers team excels in cloud, mobile, devOps, data engineering and application development using react, angular, NET, python,
node, PHP, Java, etc.
The company says it is able to develop a customer-centric focus that aims to fulfil their immediate business requirements and to provide them with strategically viable, futuristic and transformative digital solutions. It also designs, develops and maintains software systems and solutions, creates new applications and enhances the functionality of our customer’s existing and new software products.
GYR Capital Advisors acted as the book-running lead manager for the Capital Numbers Infotech IPO and Link Intime India was the registrar.
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