The IPO of EdServ Softsystems has received 51,49,000 bids as against issue size of 39,73,908 shares and got subscribed 1.30 times, as per NSE website data.
Qualified institutional, non-institutional and retail investors have helped the issue to get subscribed fully.
EdServ Softsystems, an e-learning company, had opened for subscription on February 5, 2009 with an initial public offering of 39.7 lakh equity shares of Rs 10 each. The shares are proposed to be listed on the BSE and NSE.
The price band for the issue is fixed between Rs 55 and Rs 60.
Source: Moneycontrol.com
Showing posts with label EdServ Softsystems IPO. Show all posts
Showing posts with label EdServ Softsystems IPO. Show all posts
Wednesday, February 11, 2009
Sunday, February 1, 2009
EdServ Softsystems plans IPO
EdServ Softsystems, an e-learning company, would be tapping the capital market with an initial public offering of 39.7 lakh equity shares of Rs 10 each. The shares are proposed to be listed on the BSE and NSE. The price will be decided through 100 per cent book-building process.
The price band for the issue is fixed between Rs 55 and Rs 60. Issue will open on February 5 and will close on February 9. The company plans to raise between Rs 23.8 crore and Rs 21.8 crore.
Post issue, the founder stake would come down to 29.5 per cent from 44.06 per cent, while Kalpathi Investments Pvt Ltd’s stake would be reduced to 31.08 per cent stake (46.46 per cent).
The earnings from the issue will be used for developing the copyrighted D2j content by HEADS Learning (HEAL) architecture, financing the cost for establishing the HEAL Lab to develop, test install, connect and implement D2J across all its HEAD offices and also to expand their HEADS offices across the country.
It will use the proceeds to fund its other expansion plans as well.
Qualified institutional buyers will be allotted 50 per cent of the issue, 15 per cent to non-institutional investors and the remaining 35 per cent will be allocated to retail investors. The company has reserved 2 lakh shares for employees.
The book running lead managers for the issue are Keynote Corporate Services and Ashika Capital, reports The Hindu Business Line.
Courtesy: Moneycontrol.com
The price band for the issue is fixed between Rs 55 and Rs 60. Issue will open on February 5 and will close on February 9. The company plans to raise between Rs 23.8 crore and Rs 21.8 crore.
Post issue, the founder stake would come down to 29.5 per cent from 44.06 per cent, while Kalpathi Investments Pvt Ltd’s stake would be reduced to 31.08 per cent stake (46.46 per cent).
The earnings from the issue will be used for developing the copyrighted D2j content by HEADS Learning (HEAL) architecture, financing the cost for establishing the HEAL Lab to develop, test install, connect and implement D2J across all its HEAD offices and also to expand their HEADS offices across the country.
It will use the proceeds to fund its other expansion plans as well.
Qualified institutional buyers will be allotted 50 per cent of the issue, 15 per cent to non-institutional investors and the remaining 35 per cent will be allocated to retail investors. The company has reserved 2 lakh shares for employees.
The book running lead managers for the issue are Keynote Corporate Services and Ashika Capital, reports The Hindu Business Line.
Courtesy: Moneycontrol.com
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