Exciting news! Capital Numbers Infotech is all set to start trading on the BSE SME platform this Monday. Before its official launch, the company’s shares were valued with a Grey Market Premium (GMP) of Rs 45. This means that if you buy shares at the upper price of Rs 263, you could see a great return of about 17% on your investment!
But keep in mind, the Grey Market Premium just gives us a hint of how the shares are doing before their actual listing, and this can change quickly.
The IPO (Initial Public Offering) includes 32.2 lakh new shares and an offer to sell shares worth Rs 84.7 crore. It was very popular, with more than 130 times the shares being subscribed! The company will use the money raised from this IPO for things like improving technology, growing the business, investing in other companies, and general expenses.
Capital Numbers Infotech specializes in digital consulting and IT services. They help companies and startups around the world develop software. Their services cover advanced technology areas like digital engineering, data analytics, artificial intelligence, and cloud engineering.
With a team of over 500 skilled IT professionals, they work with more than 250 clients globally, offering services from various locations in India. The Capital Numbers team excels in cloud services, mobile apps, and software development using popular programming languages like React, Angular, .NET, Python, Node.js, PHP, and Java.
The company promises to focus on its customers’ needs, helping them grow with smart and effective digital solutions. They also build and maintain software systems, create new applications, and enhance existing ones.
GYR Capital Advisors was the main manager for the Capital Numbers Infotech IPO, and Link Intime India was in charge of handling the paperwork.
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