Allied Computers Int. Debuts At 75% Premium on BSE

Mumbai: Allied Computers International has got listed today on BSE at Rs 21, with a premium of 75% over its offer price of Rs 12.

The IPO received overwhelming response from investors’ side. Within minutes of its debut, the share price hit a peak of Rs 31.85. More than 1.39 million shares changed hands on BSE.

The shares hold a scrip code of 532919 and are allowed to trade in the list of `B1` group of securities at the BSE

The company has lifted Rs 22.80 crore through its IPO of 1,90,04,952 shares at fixed issue price of Rs 12 a share having face value Rs 10 each.

Allied Computers is an IT hardware company, which was established in the year 2002. It is engaged in the business of assembling and marketing laptop computers.

The company has decided to introduce laptops in the range of Rs 15,000 by mid-2008, open showrooms and tie-up with supermarkets, malls and retail showroom franchisees.

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