Zylog Systems ended at at Rs 431.10 on BSE, a premium of 23.17% over the IPO price of Rs 350.

The scrip debuted at Rs 525, also its high. It had touched a low of Rs 356.20 so far during the day.

On BSE, 70.18 lakh shares of the scrip were traded.

The company had fixed the issue price at the top end of the Rs 330 - 350-price band.

At the current price of Rs 431.10, the PE mutiples works out to 12.98, based on the year ended March 2007 EPS of Rs 33.2.

The Zylog Systems IPO ended on 25 July 2007 with 76.51 times subscription. The qualified institutional bidders (QIBs) category was subscribed 89.52 times, the non-institutional investors category 143.71 times and the retail investors category 35.04 times. The employees' category was subscribed 1.1 times.

Zylog Systems is a global IT solutions and services provider delivering technology- driven business solutions. The company intends to utilise the net proceeds of IPO to set up two state of the art offshore development centres (ODCs), to fund acquisitions and strategic investments and to meet the increasing working capital requirement.

Zylog Systems reported a net profit of Rs 54.70 crore on sales of Rs 407.48 crore in the year ended March 2007.