Intrasoft Technologies advances on raising Rs 28 crore to expand E-Commerce business

23 Jul 2015

IntraSoft Technologies is currently trading at Rs. 516.60, up by 7.10 points or 1.40% from its previous closing of Rs. 508.90 on the BSE.

The scrip opened at Rs. 515.40 and has touched a high and low of Rs. 537.10 and Rs. 506.20 respectively. So far 2,67,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 600.00 on 07-Jul-2015 and a 52 week low of Rs. 42.15 on 20-Oct-2014.

Last one week high and low of the scrip stood at Rs. 550.60 and Rs. 490.00 respectively. The current market cap of the company is Rs. 760.15 crore.

The promoters holding in the company stood at 59.40% while Institutions and Non-Institutions held 12.20% and 28.40% respectively.

IntraSoft Technologies had raised Rs. 28 crore by selling 5, 50,000 shares, at a rate of Rs 510 per share. The entire net proceeds from this transaction are proposed to be used for expansion and growth activities related to the E-Commerce business.

IntraSoft Technologies owns & operates 123 Stores, an Online E-Commerce Retailer & 123, an online greeting cards Company. 123Stores is a multi-channel E-Commerce retailer with a strong technology backbone that combines supply chain logistics with real time customer data to create a compelling shopping experience.

Related Intrasoft Technologies Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323