The eagerly awaited IPO of Capital Numbers Infotech has seen a remarkable response from investors, being oversubscribed by an impressive 6.14 times as of noon on January 21, 2025.
The subscription period for the IPO opened on January 20 and will close today, January 22, 2025.
The IPO, which offered shares in the price band of ₹250-₹263 per share, garnered significant attention across all investor categories.
The retail individual investors (RII) category was particularly enthusiastic, subscribing 8.28 times the allocated portion. Non-institutional investors (NII) followed closely, with their category being subscribed 5.72 times.
Meanwhile, qualified institutional buyers (QIB) showed strong interest as well, subscribing 2.80 times their reserved quota.
Capital Numbers Infotech, headquartered in Kolkata, is a leading IT outsourcing and consulting company, specializing in web and mobile application development, digital marketing, and software solutions for global clients.
The proceeds from the IPO are expected to fund the company’s expansion plans, including new technological capabilities and strategic partnerships to solidify its position in the rapidly growing IT services sector.
The allotment of shares is scheduled to be finalized on January 23, 2025, providing investors with clarity on their allocations.
The company’s shares are expected to debut on the BSE SME platform on January 27, 2025, marking a significant milestone for Capital Numbers Infotech as it steps into the public domain.
Market analysts have attributed the oversubscription to the company’s strong fundamentals, steady growth trajectory, and a robust IT services demand globally.
Many see the IPO as a valuable opportunity for investors to gain exposure to a fast-growing segment of the Indian economy.
Investors and market watchers are now keenly awaiting the listing to see how Capital Numbers Infotech performs in the secondary market.
With its proven track record and ambitious growth plans, the company is well-poised to deliver value to its shareholders.
Stay tuned for updates on the IPO allotment and listing day developments.
Also Read
Denta Water and Infra Solutions Ltd Launches IPO to Raise ₹220.50 Crore
As missiles flew over the Middle East this week, a different kind of detonation hit…
Less than a minute after lifting off from the runway, Air India Flight AI-171 disappeared…
Adobe Inc. (NASDAQ: ADBE) saw its shares tumble more than 7% on Friday, even after…
In a move that signals a new phase in the global AI arms race, Meta…
Lockheed Martin (NYSE: LMT), America’s largest defense contractor, is experiencing a notable uptick in investor…
In an unprecedented move that has sent shockwaves through the international academic community, all but…