Software firm Thinksoft Global Services said on 15 September 2009 it has priced its initial public offer (IPO) in a band of Rs 120 – 130 per share. The IPO would open for bidding on 22 September 2009 and close on 24 September 2009, a newspaper advertisement showed.

Thinksoft will issue 13.5 lakh new shares, while two existing investors - Euro Indo Investments and Vinod Ganjoor - will sell another about 23 lakh shares. The issue constitutes 36.27% of the company's stake post the offer. The company intends to utilise the proceeds of the fresh issue to establish new testing centres.

Thinksoft is a specialist in financial software testing with global clients in USA, UK, Europe, India and Asia-Pacific.