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CapitalNumbers Infotech: CapitalNumbers Infotech shares get listed at 4% premium!

News by Aliceblue News Desk

27 Jan 2025

CapitalNumbers Infotech: CapitalNumbers Infotech shares get listed at 4% premium!

Capital Numbers Infotech made a strong debut on the stock exchange on Monday, listing at a 4% premium. The shares opened at ₹274, reflecting a premium of 4.18% over its issue price, following a successful IPO subscription.

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The company raised ₹169.37 crore through its SME IPO, which saw an overwhelming response from investors. The issue, open from January 20-22, was subscribed 125.05 times, underscoring strong demand for the software development solutions provider’s maiden public offering.

CapitalNumbers Infotech Ltd specializes in digital consulting and IT engineering, providing end-to-end software development solutions to enterprises and startups globally. With over 500 professionals, the company offers services in Digital Engineering, AI/ML, Data Analytics, Cloud Engineering, UI/UX Design, Blockchain, and AR/VR, serving 250+ clients worldwide.

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The objective of Capital Numbers Infotech’s IPO is to raise ₹169.37 crore to support business expansion, enhance software development capabilities, and meet working capital requirements, enabling the company to scale operations and serve a growing global client base.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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