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HOV Services Limited IPO (HOV IPO) Detail

September 4, 2006 - September 7, 2006

HOV IPO is a book built issue of Rs 81.00 crores.

HOV IPO bidding started from September 4, 2006 and ended on September 7, 2006. The shares got listed on BSE, NSE on September 27, 2006.

HOV IPO price band is set at ₹200 to ₹240 per share. The minimum lot size for an application is 25 Shares. The minimum amount of investment required by retail investors is ₹6,000.

Bofa Securities India Limited and Morgan Stanley India Company Pvt Ltd are the book running lead managers of the HOV IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to HOV IPO RHP for detailed information.

HOV IPO Details

IPO Date September 4, 2006 to September 7, 2006
Listing Date September 27, 2006
Face Value ₹10 per share
Price Band ₹200 to ₹240 per share
Lot Size 25 Shares
Total Issue Size4,050,000 shares
(aggregating up to ₹81.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue8,504,045
Share holding post issue12,554,045

HOV IPO Lot Size

Investors can bid for a minimum of 25 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 25 ₹6,000
Retail (Max) 33 825 ₹198,000
Lot Size Calculator

HOV IPO Promoter Holding

Share Holding Pre Issue 81.7%
Share Holding Post Issue 55.3%

About HOV Services Limited

HOV Services is a leading Business Process Outsourcing (BPO) provider servicing the finance and accounting sector.

HOV has clients in telecommunications, healthcare, insurance, construction, finance and banking industries. It has offices around 14 cities and having around 850 employees.

HOV Services provides:
1. Customer Care, Retention and Win Back Programs;
2. Billing, Remittance Processing and First Party Communication;
3. Early and Late Stage Debt Collection;
4. Litigation, Dispute Resolution and Attorney Speciality Collections;
5. Analysis, Stratification and Reporting;
6. Insurance Eligibility Verification, Claims Submission, Follow-up and Appeal;
7. Collection Education Programs.

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HOV IPO Prospectus

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HOV IPO Listing Details

Listing Date September 27, 2006
BSE Script Code 532761
ISIN INE596H01014
Final Issue Price ₹200 per share

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

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HOV Services Limited Contact Details

HOV Services Limited
HOV Services Limited
3rd Floor, Sharda Arcade, Pune Satara Road,
Bibwewadi, Pune 411 037, Maharashtra, India.
Phone: + 91 20 24221460

HOV IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

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HOV IPO is a main-board IPO of 4,050,000 equity shares of the face value of ₹10 aggregating up to ₹81.00 Crores. The issue is priced at ₹200 to ₹240 per share. The minimum order quantity is 25 Shares.

The IPO opens on September 4, 2006, and closes on September 7, 2006.

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

The HOV IPO opens on September 4, 2006 and closes on September 7, 2006.

HOV IPO lot size is 25 Shares, and the minimum amount required is ₹6,000.

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

The HOV IPO listing date is on September 27, 2006.
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HOV IPO Message Board

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2. Gucci |   Link |  Bookmark |February 22, 2008 9:53:39 AM
1. Tips |   Link |  Bookmark |September 23, 2006 8:02:14 PM
HOV Issue Price Fixed At: Rs. 200/- per share(Face Value of Rs.10/- and premium of Rs.190/-).