ThinkSoft Global Shares Solutions are locked at 20% lower circuit at Rs397.10 on the back of huge volumes. The scrip opened at Rs499 it touched an intra-day high of Rs499 and a low of Rs397 and recorded volumes of over 1.5mn shares on NSE.
The stock debuted at Rs100 a discount of 20% over the IPO of Rs125 per share. From there on, it has shot up over 300% in just 5 months.ThinkSoft Solutions has come a long way after commencing trade on the Indian exchanges. The stock debuted at Rs100 a discount of 20% over the IPO of Rs125 per share.
Â From there on, it has shot up over 300% in just 5 months. ThinkSoft Global Services is a financial software testing company. The company plans to set up a Rs160mn facility at the Madras Export Processing Zone in Chennai. The proposed 400-seat facility, to be funded with the IPO proceeds, would involve Rs137mn for infrastructure development and Rs 1.66mn for equipment.