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Edserv Softsystems IPO is a book built issue of Rs 23.84 crores.
Edserv Softsystems IPO bidding started from February 5, 2009 and ended on February 9, 2009. The shares got listed on BSE, NSE on March 2, 2009.
Edserv Softsystems IPO price band is set at ₹55 to ₹60 per share. The minimum lot size for an application is 100 Shares. The minimum amount of investment required by retail investors is ₹6,000.
Keynote Financial Services Ltd is the book running lead manager of the Edserv Softsystems IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Edserv Softsystems IPO RHP for detailed information.
| IPO Date | February 5, 2009 to February 9, 2009 |
| Listing Date | March 2, 2009 |
| Face Value | ₹10 per share |
| Price Band | ₹55 to ₹60 per share |
| Lot Size | 100 Shares |
| Total Issue Size | 3,973,908 shares (aggregating up to ₹23.84 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 8,032,092 |
| Share holding post issue | 12,006,000 |
Edserv Softsystems IPO offers 3,973,908 shares. 1,886,954 (47.48%) to QIB, 566,086 (14.25%) to NII, 1,320,868 (33.24%) to RII, 200,000 (5.03%) to employees. 13,208 RIIs will receive minimum 100 shares and (sNII) and (bNII) will receive minimum 3,400 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,886,954 (47.48%) | NA |
| NII (HNI) Shares Offered | 566,086 (14.25%) | |
| Retail Shares Offered | 1,320,868 (33.24%) | 13,208 |
| Employee Shares Offered | 200,000 (5.03%) | NA |
| Total Shares Offered | 3,973,908 (100%) |
Investors can bid for a minimum of 100 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹6,000 |
| Retail (Max) | 33 | 3300 | ₹198,000 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 91.21% |
| Share Holding Post Issue | 61.02% |
Incorporated in 2001, Edserv Softsystems Limited is in the business of web-learning, software development staffing solutions.
Edserv came with an objective of providing niche training solutions, customised software solutions, and placement consulting on contract as well as permanent basis to both Corporate and Institutional clients. The company successfully provided staffing solutions to premier clients during 2002 to 2004 viz., TI Group, TVS Group, Office Tiger, KSB Pumps, Infosys Technologies, HCL Technologies, Shasun Chemicals, Hexaware Technologies, Ashok Leyland, Seshasayee Paper & Boards among others.
| Particulars | For the year/period ended (Rs. in Lacs) | ||||
| 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | 31-Mar-04 | |
| Total Income | 395.33 | 18.25 | 40.26 | 70.86 | 94.71 |
| Profit After Tax (PAT) | 266.28 | 1.26 | 36.51 | 21.05 | 10.52 |
| KPI | Values |
|---|---|
| RoNW | 30.03% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Content Development;
2. Establishment of HEAL laboratories;
3. Establishment of Regional HEADS offices;
4. Development and Implementation of centralized LAMPS Portal Engine;
5. Issue Related Expenses;
6. Promotional, Trademark, copyright IP rights Expenses.
The Edserv Softsystems IPO is subscribed 1.30 times on February 9, 2009 5:00:00 PM. The public issue subscribed 1.02 times in the retail category, 1.08 times in the QIB category, and 3.10 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.08 |
| NII | 3.10 |
| Retail | 1.02 |
| Employee | 0.04 |
| Total | 1.30 |
CARE has assigned an IPO Grade 1 to Edserv Softsystems IPO. This means as per CARE, company has Poor fundamentals. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
| Listing Date | March 2, 2009 |
| BSE Script Code | 533055 |
| NSE Symbol | EDSERV |
| ISIN | INE889J01019 |
| Final Issue Price | ₹60 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹60.00 |
| ₹55.00 |
| ₹55.00 |
| ₹147.00 |
| ₹137.55 |
| NSE |
|---|
| ₹60.00 |
| ₹60.00 |
| ₹58.20 |
| ₹147.00 |
| ₹136.40 |
Edserv Softsystems Limited
Ist Floor, Panna Plaza New No. 139,
Arcot Road, Kodambakkam,
Chennai – 600 024
Phone: + 91 44 64537216
Email: info@edserv.in
Website: http://www.edserv.in
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: edserv.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Edserv Softsystems IPO is a main-board IPO of 3,973,908 equity shares of the face value of ₹10 aggregating up to ₹23.84 Crores. The issue is priced at ₹55 to ₹60 per share. The minimum order quantity is 100 Shares.
The IPO opens on February 5, 2009, and closes on February 9, 2009.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Edserv Softsystems IPO opens on February 5, 2009 and closes on February 9, 2009.
Edserv Softsystems IPO lot size is 100 Shares, and the minimum amount required is ₹6,000.
You can apply in Edserv Softsystems IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Edserv Softsystems IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Edserv Softsystems IPO allotment status.
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