Capital Numbers Infotech IPO Subscribed Over 11 Times on Day 3: All You Need to Know

The IPO (Initial Public Offering) market is buzzing with excitement as Capital Numbers Infotech, a leading digital consulting and IT solutions provider, concluded its IPO subscription with an overwhelming response. On the final day of bidding, the IPO was subscribed a remarkable 11.47 times, reflecting strong investor interest in the company.

IPO Subscription Details

The SME IPO aimed to raise ₹169 crore through a combination of fresh equity issuance and an Offer for Sale (OFS). Here's a breakdown of the subscription data as of 10:00 AM on Day 3:

• Retail Investors: Subscribed 16.04 times
• Non-Institutional Investors (NII): Subscribed 11.83 times
• Qualified Institutional Buyers (QIB): Subscribed 3.09 times

The stellar subscription numbers highlight the confidence investors have in the company’s growth potential.

Grey Market Premium (GMP) Performance

As of Wednesday, the shares of Capital Numbers Infotech were trading at a GMP of ₹115 in the unlisted market. This indicates a 43% premium over the IPO's upper price band of ₹263, suggesting a strong listing performance on the BSE SME platform.

Key IPO Details

• Price Band: ₹250 - ₹263 per share
• Lot Size: Minimum of 400 shares per bid
• Issue Size: ₹169 crore
• Fresh Equity: ₹85 crore
• OFS: 32.2 lakh shares
• Utilization of Funds
  • The funds raised from the IPO will be used for:
  • Technical innovations
  • Business expansion
  • Investments in subsidiaries
  • Supporting inorganic growth opportunities
  • General corporate purposes
• IPO Listing Timeline
• Allotment Finalization Date: January 23, 2025
• Listing Date: January 27, 2025

About Capital Numbers Infotech

Capital Numbers Infotech is a renowned name in the IT and digital consulting sector, offering a wide array of solutions, including:

• Digital engineering
• Data analytics
• Artificial intelligence
• Cloud engineering
• UI/UX design

With over 500 IT professionals and consultants, the company serves 250+ clients worldwide across industries. Its focus on creating customer-centric, future-ready digital solutions has been a key factor in its growth story.

Lead Managers and Registrar

The IPO process is being managed by:

Lead Manager: GYR Capital Advisors

Registrar: Link Intime India

Why Investors Are Excited

Capital Numbers Infotech's reputation as a leading IT solutions provider, coupled with its robust financials and future growth potential, has made it a favorite among retail and institutional investors alike. The company's strong track record of innovation and its focus on emerging technologies like AI and cloud solutions position it well for sustained growth.

Conclusion

The impressive response to Capital Numbers Infotech's IPO demonstrates the growing interest in technology-driven companies in India. With a strong subscription and a promising GMP, the stock is poised for a strong debut on the BSE SME platform. Investors are eagerly awaiting the allotment and listing dates to see how the company performs post-IPO.

Reference from:-https://economictimes.indiatimes.com/markets/stocks/news/capital-numbers-infotech-ipo-subscribed-over-11-times-on-day-3-check-gmp-price-band-and-other-details/articleshow/117445089.cms?from=mdr