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eClerx Services Limited IPO Listing on Monday December 31, 2007
NSE Symbol: ECLERX
Issue Price was Rs. 315/-


eClerx IPO Allotment status

eClerx IPO Allotment status is ready and can be checked here.


eClerx Services IPO Allotment Details

eClerx Services which got totally subscribed by 26.30 times on the whole and on the retail side it got subscribed by around 13 to 15 times , which means those who have applied for the whole 1 lac will get firm allotment and other is a lottery basis but im thinking most of the retaiol investor might benefit and there might be good listing gain as the HNI and QIB portion has subscribed for good times.
Come over here for allotment status in another 20 days at http://www.rupya.com/archives/ipo/eclerx_services_ipo/


eClerx Services IPO - Oversubscribed by 26.30

eClerx Services IPO - Oversubscribed by 26.30 times on the last day of the issue whihc is like 23 times on just the last day itself.Retail portion is around 13 times i heard and The strong support was seen from qualified instiitutional investors and HNIs, their reserved portion subscribed 36.85 times and 42.72 times

Total Issue Size 3740740
Total Bids Received 98398980
Total Bids Received at Cut-off Price 13091340
No. of times issue is subscribed 26.30


eClerx Services IPO was subscribed 1.75 times on third day. The issue received bids for 65.28 lakh shares as against 37.40 shares on offer.The price-band of the issue has been fixed at Rs 270-315 per share. The issue is closing tomorrow.


eClerx IPO subscribed by 1.6 times on the second day, 2 more days to go if you see on thursday if the retail side of it not subscribed by more than 4 or 5 times , then apply for this IPO for listing gains.
Total Issue Size 3740740
Total Bids Received 6007500
Total Bids Received at Cut-off Price 297180
No. of times issue is subscribed 1.61


Eclerx Services IPO oversubscribed by .52 times on the first day , This is the first ipo aftera week gap or so , this week BVR energy is also opening , and im for sure that this ipo will finally subscribe by more than 50 times or so, one can apply for listing gains.


Symbol - Series ECLERX EQ
Issue Period December 04, 2007 to December 07, 2007
Issue Size (.) Equity Shares aggregating Rs. 1010 million
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs. 270 to Rs. 315
Tick Size Re. 1/-
Market Lot 20 shares
Minimum Order Quantity 20 shares
Maximum Subscription Amount for Retail Investor Rs.100000


eClerx Services IPO - Opening on December 4th 2007

About eClerx Services
eClerx Services, which provides data analytics and customised process solutions to global enterprise clients from its offshore delivery centres in India
About eClerx Services IPo
eClerx Services IPO is entering the capital market with its initial public offering (IPO) of equity shares of Rs 10 each for cash, at a price to be decided through a 100% book building process and aggregating to Rs 1,010 million.
Issue Date
Opens On December 4, 2007, and will close on December 7, 2007.
Price Band
Price Band has been fixed between Rs 270 and Rs 315 per Equity Share.
Purpose of the IPO
To fund acquisitions,make infrastructure investments,set up additional facilities and avail of listing benefits.
Financials
Revenue and Profit where both seen increased by 80 percent over 2 years .Revenue from 2 crore to 8 crore and profit from 1 to 4 crore.


eClerx Services IPO - CRISIL rates it at 3/5

About eClerx Services
ESL provides data analytics and customised process solutions to its global clients through three offshore delivery centres in Mumbai. Primary activities in customised process solutions comprise post-trade transaction support in the OTC derivative segment through strong awareness of the client’s internal business processes and verification/audit of client products and websites in the retailing segment. As of March 31, 2007, ESL had around 1,000 employees at its offshore delivery locations in Mumbai. The company has around 21 global clients, of which nearly five account for over 87 per cent of its business.
eClerx Services IPO
eClerx Services proposes a public issue of about 18.4 million equity shares of face value Rs 10 at a targeted price of Rs 370 per share.
Crisil rating
CRISIL has come out with IPO grading report on ESL IPO.CRISIL has assigned a CRISIL IPO Grade 3/5 to the proposed initial public offer of eClerx Services (ESL). This grade indicates that the fundamentals of the issue are average, in relation to other listed equity securities in India.
Source:CNBC


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