Infomedia 18 Ltd is said to have worked out the ratio, pricing and issue for its prospective stock issue in a meeting of the Rights Issue Committee of the Board of Directors of the firm which was held on December 09, 2009.

The issue would come on December 29, 2009 and it would close on January 15, 2010. Split Application Forms can be attained by the last date of January 06, 2010.

The firm will offer equity shares at Rs. 33.50 per piece which would include premium. Shareholder, having two equity shares of Rs. 10/ would be entitled to three equity share of the same face value.

Shares of Infomedia surged 2.82% and closed at Rs. 78.35 after touching intraday high of Rs. 91.40 and low of Rs. 74.55 on the Bombay Stock Exchange (BSE) on Wednesday at 3:06 p. m.

Market analysts believe that the firm is expected to get good response from the investors as they have been showing good amount of interest in the rising Indian economy. However, only time would decide the fate of issue as no one is sure what is going to happen in the highly volatile stock market.