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 |
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.
| IPO Opening Date | Feb 5, 2009 |
| IPO Closing Date | Feb 9, 2009 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹55 to ₹60 per equity share |
| Market Lot | 100 Shares |
| Min Order Quantity | 100 Shares |
| Listing At | BSE, NSE |
| Issue Size | 3,973,908 Eq Shares of ₹10 (aggregating up to ₹23.84 Cr) |
The Edserv Softsystems IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 100 | ₹6,000 |
| Maximum | 33 | 3300 | ₹198,000 |
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.
The Edserv Softsystems IPO is subscribed 1.30x times on Feb 9, 2009 17:00. The public issue subscribed 1.02x in the retail category, 1.08x in the QIB category, and 3.10x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| QIB | 1.08x |
| NII | 3.10x |
| RII | 1.02x |
| Employee | 0.04x |
| Total | 1.30x |
| 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 equity share |
| Face Value | ₹10 per equity share |
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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
KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: edserv.ipo@karvy.com
Website: https://karisma.kfintech.com/
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 equity share. The minimum order quantity is 100 Shares.
The IPO opens on Feb 5, 2009, and closes on Feb 9, 2009.
KFintech Private 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 100 Shares.
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.
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