eClerx Services, provides data analytics and customised process solutions to global enterprise clients, will list on the bourses with its IPO shares on December 31, 2007. The issue price has been fixed at Rs 315 per share.
It had entered capital market with an initial public offering of approx. 37.41 lakh shares of Rs 10 each and raised more than 1000 million. The issue was subscribed 30 times. The price band was between Rs 270 and Rs 315 per equity share.
The QIBs reserved portion subscribed 36 times, non institutional investors 41 times and retail investors - 13 times.
The proceeds of the issue will be used, inter alia, to fund acquisitions; make infrastructure investments; set up additional facilities and avail of listing benefits.
The Company's portfolio of services comprises data analytics, operations management, data audits, metrics management and reporting services.
The book running lead managers to the issue are JM Financial Consultants Private Limited and Edelweiss Capital Limited.
Source: Moneycontrol.com
Sunday, December 30, 2007
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