Shares of software systems management firm Allied Digital Services Ltd listed up 75 per cent at Rs 332.50 on Wednesday against its issue price of Rs 190 a share.Shares were trading at Rs 369 on the BSE at 9.56 am after hitting a high of Rs 370.50.
The company is raising Rs 858.8 million from its initial offer of 4.52 million shares. The proceeds would be used for setting up a global service delivery centre, expansion in infrastructure and acquisitions.
For the year ending March 31, 2007, the company reported a net profit of Rs 229.3 million on total income of Rs 1.56 billion.
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