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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.

Edserv Softsystems IPO Details

Edserv Softsystems IPO Date Feb 5, 2009 to Feb 9, 2009
Edserv Softsystems IPO Face Value ₹10 per share
Edserv Softsystems IPO Price ₹55 to ₹60 per share
Edserv Softsystems IPO Lot Size 100 Shares
Issue Size3,973,908 shares of ₹10
(aggregating up to ₹23.84 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Edserv Softsystems IPO Lot Size

The Edserv Softsystems IPO lot size is 100 shares. A retail-individual investor can apply for up to 33 lots (3300 shares or ₹198,000).

Application Lots Shares Amount
Minimum 1 100 ₹6,000
Maximum 33 3300 ₹198,000

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.


Edserv Softsystems IPO Subscription Status (Bidding Detail)

The Edserv Softsystems IPO is subscribed 1.30 times on Feb 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)

CategorySubscription (times)
QIB1.08
NII3.10
Retail1.02
Employee0.04
Total1.30

Edserv Softsystems IPO Prospectus

Edserv Softsystems IPO Rating

29
3.0
Rating:Rated 3.0 stars
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Edserv Softsystems IPO Listing Date

Listing Date Monday, March 2, 2009
BSE Script Code 533055
NSE Symbol EDSERV
Listing In B Group of Securities
ISIN INE889J01019
IPO Price ₹60 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO 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

Company Contact Information

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

Edserv Softsystems IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: edserv.ipo@karvy.com
Website: https://karisma.kfintech.com/

Edserv Softsystems IPO Review

Edserv Softsystems IPO Recommendation Summary

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

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IPO Broker Recommendations

  • Hem Securities - Avoid

Edserv Softsystems IPO FAQs

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 Feb 5, 2009, and closes on Feb 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 Feb 5, 2009 and closes on Feb 9, 2009.

Edserv Softsystems IPO lot size is 100 Shares and the minimum order quantity is .

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, Edelweiss, 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.

The Edserv Softsystems IPO listing date is on Monday, March 2, 2009.
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Edserv Softsystems IPO Message Board

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41 Comments

41. Shareking |   Link |Oct 14, 2009 2:48:38 PM

We have achieved this target too...

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

it will be 170+ after 1 year...

CMP is 84.
37. Sonu |   Link |Aug 7, 2009 7:37:41 PM
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?
36. Shareking |   Link |Jul 25, 2009 1:56:01 PM
i recommended it when it was 26...

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

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

Accumulate Edserv as much as you can... this will definitely zoom to 50+ after Annual results.
33. BHIMANI |   Link |May 29, 2009 7:29:35 PM
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
32. Paresh |   Link |May 28, 2009 1:35:34 PM
Hi sharekhan
NHPC means
31. Shyamendra |   Link |Apr 27, 2009 4:17:44 PM
thanks to such time of ipo i have recoverd the loss of rpower fully as 90% allotmrnt
30. Ketan |   Link |Mar 24, 2009 2:39:19 PM
Buy Sucrosa 530883 tgt 15 days 10Rs.
29. cshah |   Link |Mar 9, 2009 5:15:45 PM
TATA NCD allotment out check karishma.karvy.com and click on ipo allotment link
28. manoj sampat |   Link |Mar 5, 2009 7:54:16 AM
TATA NCD ANY NEWS
27. Dayakar |   Link |Mar 2, 2009 1:33:01 PM
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.
26. Pradip K |   Link |Mar 2, 2009 12:56:31 PM
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...
25. aba |   Link |Mar 2, 2009 9:50:20 AM
amit garg dont give any foolishness comments on this portal

24. nareshvadera |   Link |Mar 1, 2009 10:52:07 PM
edservs soft firm allotement
23. SAUMIL |   Link |Feb 26, 2009 4:08:46 PM
EDSERV SOFT LTD LISTING DATE IS A MONDAY 2 MARCH
22. Nitin Agrawal |   Link |Feb 20, 2009 12:01:33 AM
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