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eClerx Services Limited IPO (eClerx IPO) Detail

December 4, 2007 - December 7, 2007

eClerx IPO is a book built issue of Rs 101.00 crores.

eClerx IPO bidding started from December 4, 2007 and ended on December 7, 2007. The shares got listed on BSE, NSE on December 31, 2007.

eClerx IPO price band is set at ₹270 to ₹315 per share. The minimum lot size for an application is 20 Shares. The minimum amount of investment required by retail investors is ₹6,300.

Edelweiss Financial Services Ltd and Jm Financial Limited are the book running lead managers of the eClerx IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to eClerx IPO RHP for detailed information.

eClerx IPO Details

IPO Date December 4, 2007 to December 7, 2007
Listing Date December 31, 2007
Face Value ₹10 per share
Price Band ₹270 to ₹315 per share
Lot Size 20 Shares
Total Issue Size3,206,349 shares
(aggregating up to ₹101.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue16,552,500
Share holding post issue18,868,849

eClerx IPO Lot Size

Investors can bid for a minimum of 20 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 20 ₹6,300
Retail (Max) 31 620 ₹195,300
Lot Size Calculator

eClerx IPO Promoter Holding

Share Holding Pre Issue 73.23%
Share Holding Post Issue

About eClerx Services Limited

Incorporated in 2000, eClerx Services Limited is one of the leading company according to "Top 20 companies to watch" by Business Today magazine in the last three years amongst a list that included some of the largest Indian companies.

eClerx Services Limited provides data analytics and customized process solutions to global enterprise clients. eClerx services includes operations management, data audits, metrics management, data analytics and reporting services.

They provide service solutions using a mix of custom designed data processes, delivery teams comprising generalists and domain specialists, and in-house software to automate processes. Currently they offer their services to clients in the financial services, retail and manufacturing industries. They have experience in managing multiple small and complex processes across different businesses of a client in a cost effective manner using specific domain skills and customized software.

As of Fiscal 2007, they had 1,021 employees with operations in India, U.K., U.S. and Ireland. For Fiscal 2007, Fiscal 2006 and Fiscal 2005, unconsolidated revenue was Rs. 862.3 million, Rs. 477.5 million and Rs. 266.4 million, respectively, growing at a compound annual growth rate of 79.9 % over 2005-2007. For Fiscal 2007, Fiscal 2006 and Fiscal 2005, profit after tax was Rs. 405.2 million, Rs. 240.4 million and Rs. 112.2 million, respectively.

Key Performance Indicator

Objects of the Issue (eClerx IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
1. Long term working capital requirements;
2. Expand production capacity by establishing additional facilities;
3. Infrastructure investments;
4. General corporate purposes.


eClerx IPO Subscription Status (Bidding Detail)

The eClerx IPO is subscribed 26.30 times on December 7, 2007 5:00:00 PM. The public issue subscribed 12.38 times in the retail category, 31.59 times in the QIB category, and 36.36 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

eClerx IPO Prospectus

eClerx IPO Rating

300
3.2
Rating:Rated 3.2 stars
Vote Here ...

eClerx IPO Listing Details

Listing Date December 31, 2007
BSE Script Code 532927
NSE Symbol ECLERX
ISIN INE738I01010
Final Issue Price ₹315 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹315.00
₹320.00
₹320.00
₹466.80
₹448.30
NSE
₹315.00
₹370.00
₹340.00
₹467.50
₹449.65

Check IPO Performance…

eClerx Services Limited Contact Details

eClerx Services Limited
29 Bank Street,
Fort,
Mumbai - 400023, Maharashtra, India
Phone: +91-22-40941000
Email: eclerx.ipo@eclerx.com
Website: http://www.eclerx.com

eClerx IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: eclerxipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/

eClerx IPO - Buy or Not

eClerx IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 4 0 1
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

eClerx IPO FAQs

eClerx IPO is a main-board IPO of 3,206,349 equity shares of the face value of ₹10 aggregating up to ₹101.00 Crores. The issue is priced at ₹270 to ₹315 per share. The minimum order quantity is 20 Shares.

The IPO opens on December 4, 2007, and closes on December 7, 2007.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The eClerx IPO opens on December 4, 2007 and closes on December 7, 2007.

eClerx IPO lot size is 20 Shares, and the minimum amount required is ₹6,300.

You can apply in eClerx 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 eClerx IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the eClerx IPO allotment status.

The eClerx IPO listing date is on December 31, 2007.
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eClerx IPO Message Board

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353 Comments

353. RAJENDRA |   Link |  Bookmark |January 15, 2008 12:41:05 PM
E-CLAREX REFUND STILL NOT RECEIVED TILL 15TH JAN.2007 . KARVY NOT ATTENING PHONE CALLS THEY HAVE PUT A RING TONE OF LINES BUSY TRY AFTER WORDS EVEN AT 2AM IN NIGHT. pLEASE ADVISE WHAT SHOULD BE DONE
352. RAJENDRA |   Link |  Bookmark |January 11, 2008 2:29:21 PM
E-Clarex refund still not received .Wonder why karvey not sending refunds.Karvey has every applicants Bank a/c. details at least in cities where ECS is applicable they still avoid sending the same by ECS wonder why they are doing so. Hope karvy will look into the matter and check up with the post office from where they report to have sent the Refund order whether that Post office has sent or it is still lying pending with them . over twenty one days have passed since karvey claims to have sent but still these posted refund order have still not been received by appilcants ? now there is a much bigger issue of Reliance power if they are going to handle in this manner applicants might suffer a lot. Karvey please look into the matter and keep up you friendly image. Thanks
351. prem Prakash |   Link |  Bookmark |January 9, 2008 6:03:47 PM
Eclerx systems
IPO refund order not received till date
application No. 21820735 in the name of Archana
Refund of Rs 87255/- not received. please help
350. kumar |   Link |  Bookmark |January 7, 2008 5:12:46 PM
I have never got any IPO allotmet since I have started using ICICI demat account, can i expect any prob with my account.
349. shabbu |   Link |  Bookmark |January 7, 2008 3:14:59 PM
Company Name eCLERX SERVICES LIMITED
Application No. 51704652
Refund order No. 1010
Refund Amount 18,900.00
Name KULWANT RAI DHAWAN
Address H.NO.14/6
STREET DR.SADHU CHAND
FEROZEPUR CITY
FEROZEPUR
152002
Dispatch Date 20/12/2007
Warrant Date 19/12/2007

This is the status... I think the refund order has not yet returned to the registrar.
If you have any issue with address and all you can use the below link to change the address
http://karisma.karvy.com/investor/jsp/refund.jsp
348. kulwant rai dhawan |   Link |  Bookmark |January 7, 2008 2:17:30 PM
please tell me status of refund of ipo app no 51704652 at the earliest.
347. RAJENDRA |   Link |  Bookmark |January 7, 2008 2:14:32 PM
E_CLAREX HAS STILL NOT SENT THE REFUND ORDER . KARVEY NOT REPLYING ? WHAT TO DO ? WONDER WHETEHER REGISTRAR HAS STILL POSTED OR NOT ?
346. RAJENDRA KUMAR BAFNA |   Link |  Bookmark |January 4, 2008 3:38:32 PM
DEAR SIR
I HAVE NOT GET MY REFUND OF ECLERX.B'COZ POSTMSAN WAS DID
NOT FIND MY ADDRESS & BACK MY CHECK TO YOU.SO PLZ SEND MY CHECK AGAIN AT SAME ADDRESS.DETAIL IS :
NAME RAJENDRA KUMAR BAFNA
ADD. MALI MOHALLA, FOY SAGAR
AJMER
APP.NO. 51606432
AMOUNT 87255
BANK OF BARODA
A/C NO. 01230100004990
MO. 9414252743

345. from tn |   Link |  Bookmark |January 3, 2008 9:56:13 PM
It's right time to enter eclerx.It will be moving upward from these level(410) most likely.
344. Rajendra |   Link |  Bookmark |January 3, 2008 4:02:52 PM
dear Sunil : Sorry My message appears in Reliance Power part of Chittorgarh. Thanks
343. Rajendra |   Link |  Bookmark |January 3, 2008 3:58:18 PM
Dear 339 SUNIL : I also have not recd Refund till date from Eclarex and BGR .Please Go through BGR site messageboard you will know it better .Thanks
342. mils |   Link |  Bookmark |January 3, 2008 12:26:22 PM
It will touch 900 in one month's time. It has got an excellent track record of profits & projects. The ratings given by ICRA/CARE/CRISIL is 3. That is a good rating from these organizations. It is a best bet at current value of 430/440.
341. from tn |   Link |  Bookmark |January 1, 2008 1:54:31 PM
Good to hold target 700+ within jan end.
340. Rajat |   Link |  Bookmark |January 1, 2008 8:47:28 AM
I have not recevied my refund till date how one can approach the e clarx, pi. guide me
339. anuradhashukla |   Link |  Bookmark |December 31, 2007 8:41:45 PM
eClerx allotment was done long before BGR energy and I have
received the refund of BGR energy but refund of eClerx still
awaited. This shows the total lack of concern for customers by eClerx. Those who did not apply are really lucky.
338. Sunil |   Link |  Bookmark |December 31, 2007 7:39:15 PM
I have still not received refund..can u guide me on where to contact for the same
337. Sha |   Link |  Bookmark |December 31, 2007 12:33:12 PM
Don't sell any stocks.
I have purchased 1000 shares at 410.
Target price is 850/- in Jan end
336. Archana |   Link |  Bookmark |December 31, 2007 11:23:13 AM
Hi,

I have short sell 100 at 367 & now it is trading at 405. Will it come down at mkt coming down?
335. prabhu |   Link |  Bookmark |December 30, 2007 11:29:40 PM
i got allotment of 20 in eclerx, and till now my alloted shares are not credited to my RELIANCE MONEY DEMATE account? anybody can say when it will credit in my demate account?
334. prabhu |   Link |  Bookmark |December 30, 2007 11:29:16 PM
i got allotment of 20 in eclerx, and till now my alloted shares are not credited to my RELIANCE MONEY DEMATE account? anybody can say when it will credit in my demate account?