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Edserv Softsystems Limited IPO (Edserv Softsystems IPO) Detail

Feb 5, 2009 - Feb 9, 2009

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.

Company Financials:

ParticularsFor the year/period ended (Rs. in Lacs)
  31-Mar-0831-Mar-0731-Mar-0631-Mar-0531-Mar-04
  Total Income395.3318.2540.2670.8694.71
  Profit After Tax (PAT)266.281.2636.5121.0510.52

Objects of the Issue:

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.

Issue Detail:

  »»  Issue Open: Feb 5, 2009 - Feb 9, 2009
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 3,973,908 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 23.84 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 55 - Rs. 60 Per Equity Share
  »»  Market Lot: 100 Shares
  »»  Minimum Order Quantity: 100 Shares
  »»  Listing At: BSE, NSE

Edserv Softsystems Ltd IPO Grading / Rating

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.

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIIEmployeeTotal
Shares Offered / Reserved1,886,954566,0861,320,868200,0003,973,908
Day 1 - Feb 5, 2009 17:00 IST0.00000.00000.00170.00000.0000
Day 2 - Feb 6, 2009 17:00 IST0.00000.00000.00880.00000.0000
Day 3 - Feb 9, 2009 17:00 IST1.07763.10481.02230.03901.3000

Edserv Softsystems IPO Prospectus

Edserv Softsystems IPO Rating

29
3.0
Rating:Rated 3.0 stars

Vote Here ...

Edserv Softsystems IPO Listing Date

  •   ›  Listing Date: Monday, March 2, 2009
  •   ›  BSE Script Code: 533055
  •   ›  NSE Symbol: EDSERV
  •   ›  Listing In: B Group
  •   ›  Sector: Education and Training
  •   ›  ISIN: INE889J01019
  •   ›  Issue Price: Rs. 60.00 Per Equity Share
  •   ›  Face Value: Rs. 10.00 Per Equity Share

Listing Day Trading Information

BSE
Issue Price:Rs. 60.00
Open:Rs. 55.00
Low:Rs. 55.00
High:Rs. 147.00
Last Trade:Rs. 137.55
Volume:34,104,135
NSE
Rs. 60.00
Rs. 60.00
Rs. 58.20
Rs. 147.00
Rs. 136.40
36,403,634

Edserv Softsystems IPO News Alerts

  1. Monday, March 2, 2009 8:52:26 AM
    IPO Allotment/Listing - Edserv Softsystems Limited
  2. Monday, February 9, 2009 8:41:14 AM
    Edserv Softsystems IPO final bidding Info
  3. Friday, February 6, 2009 8:48:40 AM
    Edserv Softsystems IPO remain unsubscribe on its day 2
  4. Wednesday, January 28, 2009 11:14:56 AM
    Edserv Softsystems Limited IPO Opening on Feb 05 to Feb 09

Company Contact Information

Edserv Softsystems Limited
Ist Floor, Panna Plaza New No. 139,
Arcot Road, Kodambakkam,
Chennai 600 024
Phone: + 91 44 64537216
Fax: +91 44 23724088
Email: info@edserv.in
Website: http://www.edserv.in

Edserv Softsystems IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: edserv.ipo@karvy.com
Website: http://karisma.karvy.com

Edserv Softsystems IPO Lead Manager(s)

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Edserv Softsystems IPO Review / Comments

avatar
41. Shareking  Oct 14, 2009 2:48:38 PM IST Reply

We have achieved this target too...

Next target is 325/- within 3 months.
avatar
40. Sonu  Aug 17, 2009 12:09:42 PM IST Reply
Tthanks Shareking, so right time will come after one year
avatar
39. Sonu  Aug 17, 2009 12:09:18 PM IST Reply
Tthanks Shareking, so right time will come after one year
avatar
38. Shareking  Aug 12, 2009 2:30:56 PM IST Reply
You should hold this for at least 1 year.....

it will be 170+ after 1 year...

CMP is 84.
avatar
37. Sonu  Aug 7, 2009 7:37:41 PM IST Reply
Hello Shareking,

I have 2k of Edserv at 28. Can you suggest the write time to sell this stock or shall i hold for another 3 - 4 months?
avatar
36. Shareking  Jul 25, 2009 1:56:01 PM IST Reply
i recommended it when it was 26...

still have lot of potential... this will be future educomp...

ACCUMULATE AT CMP...
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35. Ravindra Singh  Jun 2, 2009 8:45:42 AM IST Reply
dear friends,
NHPC means national hydroelectric power corporation. NHPC is in the business of electricity generation through hydel power plants.
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34. Shareking  Jun 1, 2009 2:09:15 PM IST Reply

Accumulate Edserv as much as you can... this will definitely zoom to 50+ after Annual results.
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33. BHIMANI  May 29, 2009 7:29:35 PM IST Reply
Hi paresh
NHPC MEANS
NATIONAL HYDROCLORIC POWER CORPORATION.
1st IPO AFTER LONG BREAK ABOUT DETAILS -
RISHABHDEV TECHNOCABLE LTD.
4th JUNE TO 9th JUNE.
PRICE BAND 29 TO 33
MINIMUM BID LOT 200
avatar
32. Paresh  May 28, 2009 1:35:34 PM IST Reply
Hi sharekhan
NHPC means
avatar
31. Shyamendra  Apr 27, 2009 4:17:44 PM IST Reply
thanks to such time of ipo i have recoverd the loss of rpower fully as 90% allotmrnt
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30. Ketan  Mar 24, 2009 2:39:19 PM IST Reply
Buy Sucrosa 530883 tgt 15 days 10Rs.
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29. cshah  Mar 9, 2009 5:15:45 PM IST Reply
TATA NCD allotment out check karishma.karvy.com and click on ipo allotment link
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28. manoj sampat  Mar 5, 2009 7:54:16 AM IST Reply
TATA NCD ANY NEWS
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27. Dayakar  Mar 2, 2009 1:33:01 PM IST Reply
One can easily see through this listing that it is hugely manipulated. In current times, when IT is not a favor, a IT training company gets listed with 100% ..that some thing that got fully subscribed in the last one day. I PRAY PEOPLE NOT TO GEN INTO THIS AT THIS STAGE. Look at this stock after a week or two. It will be below the IPO price.
avatar
26. Pradip K  Mar 2, 2009 12:56:31 PM IST Reply
I was right... read my message below on 4th Feb.


9. Pradip K
Its the opportunity...

it will give tremendous returns like Educomp...

Subscribe with full application money...
avatar
25. aba  Mar 2, 2009 9:50:20 AM IST Reply
amit garg dont give any foolishness comments on this portal

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24. nareshvadera  Mar 1, 2009 10:52:07 PM IST Reply
edservs soft firm allotement
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23. SAUMIL  Feb 26, 2009 4:08:46 PM IST Reply
EDSERV SOFT LTD LISTING DATE IS A MONDAY 2 MARCH
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22. Nitin Agrawal  Feb 20, 2009 12:01:33 AM IST Reply
Look to this IPO, i will suggest my client to go for the IPO

many of my small clients having more then 5 times of the turnovier of this company

What a shame thing being going in the market
look at the turnover of this company//////only 4 crores
& they are going for th public issue......what a joke
Sale log public to befkoof samajhte hai
i suggest not to invest in such type of company
also note down the Registrar name who supporting such type of co
Do not invest in IPO in which this registrar is there

Take care






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