FREE Account Opening + No Clearing Fees

Edserv Softsystems Limited IPO (Edserv Softsystems IPO) Detail

February 5, 2009 - February 9, 2009

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.

Edserv Softsystems IPO Details

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 Size3,973,908 shares
(aggregating up to ₹23.84 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue8,032,092
Share holding post issue12,006,000

Edserv Softsystems IPO Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered1,886,954 (47.48%)NA
NII (HNI) Shares Offered566,086 (14.25%)
Retail Shares Offered1,320,868 (33.24%)13,208
Employee Shares Offered200,000 (5.03%)NA
Total Shares Offered3,973,908 (100%)

Edserv Softsystems IPO Lot Size

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

Edserv Softsystems IPO Promoter Holding

Share Holding Pre Issue 91.21%
Share Holding Post Issue 61.02%

About Edserv Softsystems Limited

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)
  Total Income395.3318.2540.2670.8694.71
  Profit After Tax (PAT)266.281.2636.5121.0510.52

Key Performance Indicator

Objects of the Issue (Edserv Softsystems IPO Objectives)

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 Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

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 Prospectus

Edserv Softsystems IPO Rating

Rating:Rated 3.0 stars
Vote Here ...

Edserv Softsystems IPO Listing Details

Listing Date March 2, 2009
BSE Script Code 533055
ISIN INE889J01019
Final Issue Price ₹60 per share

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

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Edserv Softsystems Limited Contact Details

Edserv Softsystems Limited
Ist Floor, Panna Plaza New No. 139,
Arcot Road, Kodambakkam,
Chennai � 600 024
Phone: + 91 44 64537216

Edserv Softsystems IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Edserv Softsystems IPO - Buy or Not

Edserv Softsystems IPO Recommendation Summary

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

Read All Reviews Post Your Review Manage Reviews

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 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.

The Edserv Softsystems IPO listing date is on March 2, 2009.
Open an Instant Account with Zerodha

Edserv Softsystems IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



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

We have achieved this target too...

Next target is 325/- within 3 months.
40. Sonu |   Link |  Bookmark |August 17, 2009 12:09:42 PM
Tthanks Shareking, so right time will come after one year
39. Sonu |   Link |  Bookmark |August 17, 2009 12:09:18 PM
Tthanks Shareking, so right time will come after one year
38. Shareking |   Link |  Bookmark |August 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 |  Bookmark |August 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 |  Bookmark |July 25, 2009 1:56:01 PM
i recommended it when it was 26...

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

35. Ravindra Singh |   Link |  Bookmark |June 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 |  Bookmark |June 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 |  Bookmark |May 29, 2009 7:29:35 PM
Hi paresh
4th JUNE TO 9th JUNE.
32. Paresh |   Link |  Bookmark |May 28, 2009 1:35:34 PM
Hi sharekhan
NHPC means
31. Shyamendra |   Link |  Bookmark |April 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 |  Bookmark |March 24, 2009 2:39:19 PM
Buy Sucrosa 530883 tgt 15 days 10Rs.
29. cshah |   Link |  Bookmark |March 9, 2009 5:15:45 PM
TATA NCD allotment out check and click on ipo allotment link
28. manoj sampat |   Link |  Bookmark |March 5, 2009 7:54:16 AM
27. Dayakar |   Link |  Bookmark |March 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 |  Bookmark |March 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 |  Bookmark |March 2, 2009 9:50:20 AM
amit garg dont give any foolishness comments on this portal

24. nareshvadera |   Link |  Bookmark |March 1, 2009 10:52:07 PM
edservs soft firm allotement
23. SAUMIL |   Link |  Bookmark |February 26, 2009 4:08:46 PM
22. Nitin Agrawal |   Link |  Bookmark |February 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