Issue Open | Feb 5, 2009 |
Issue Close | Feb 9, 2009 |
IPO Price | ₹60 |
Face Value | ₹10 |
IPO Size | ₹23.84 Cr |
Listing At | BSE, NSE |
IPO Lot Size | 100 |
EDSERV SOFTSYSTEMS LIMITED BASIS OF ALLOTMENT PUBLIC ISSUE OF 39,73908 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") FOR CASH AT A PRICE OF RS. 60/- PER EQUITY SHARE (INCLUDING A PREMIUM OF RS. 50/- PER EQUITY SHARE) AGGREGATING Rs. 2384.34 LACS ("THE ISSUE') OUT OF WHICH 2,00,000 EQUITY SHARES HAVE BEEN RESERVED FOR ELIGIBLE EMPLOYEES ("EMPLOYEE RESERVATION PORTION"). THE NET ISSUE TO THE PUBLIC SHALL BE 37,73,908 EQUITY SHARES FOR CASH AT A PRICE OF RS. 60/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 50/-PER EQUITY SHARES("THE NET ISSUE") THE ISSUE WOULD CONSTITUTE 33.10 % OF THE POST ISSUE PAID UP CAPITAL OF THE COMPANY AND THE NET ISSUE WOULD CONSTITUTE 31.43% OF THE POST ISSUE PAID-UP CAPITAL OF THE COMPANY. ISSUE PRICE: RS. 60/- PER EQUITY SHARE OF THE FACE VALUE OF RS. 10/-
EACH This Issue was made through a 100% Book Building Process wherein at least 50% of
the Net Issue will be allocated to Qualified Institutional Buyers (QIBs) on a
proportionate basis, subject to valid bids being received at or above the Issue Price. Out
of the portion available for allocation to the QIBs, 5% will be available for allocation
to mutual funds only. Mutual Fund Bidders shall also be eligible for proportionate
allocation under the balance available for the QIBs. Further, atleast 15% of the Net Issue
shall be available for allocation on a proportionate basis to Non Institutional Bidders
and upto 35% of the Net Issue shall be available for allocation on a proportionate basis
to Retail Individual Bidders, subject to valid bids being received at or above the Issue
Price.
Final Demand
Note: the above analysis is based on electronic bids. A) Allocation to Employees (After Technical Rejections)
B)Allocation to Retail Individual Investors (After Technical
Rejections)
C) Allocation to Non Institutional Investors (After Technical
Rejections)
D)Allocation to QIBs
The Board of Directors of the company an it's meeting held at Chennai on
February 19,2009 has approved the basis of allocation of shares and has alloted the shares
to various successful applicants. The Refund Orders and ECS/RTGS/NEFT/Direct Credit Intimation has been dispatched on February 24,2009 to the same address of the investors as registered with the depositories. In case the same not received within ten days,investors may contact the Registrar to the issue, at the address given below.The company has filled the listing application wtth the Bombay Stock Exchange Limited on February 20,2009 and The National Stock Exchange of India Limited on February 24,2009. The Refund Orders have been over-printed with the Bank Mandate details as registered, it any, with the depositories. The shares allocated to the successful applicants have being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The compariy is taking steps to get the equity shares admitted for trading on the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited within seven working days from the date of approval of the basts of allocation. INVESTORS PLEASE NOTE This details of the allocation made would be hosted on the website of Registrars to the Issue, Karvy Computershare Private Limited at www.karvy.com .All future correspondence in this regard may kindly be addressed to the Registrars to the Issue quoting full name of the First/ Sole applicant, Serial number of the bid-cum-application form, number of shares bid for, name of the Member of the Syndicate and Place where the bid was submitted and payment details at the address gjven below: KARVY COMPUTERSHARE PRIVATE LTD.
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS , OF EDSERV SOFTSYSTEMS LIMITED |
The Edserv Softsystems IPO basis of allotment (published above) tells you how shares are allocated to you in Edserv Softsystems IPO and category wise demand of IPO share.
Visit the Edserv Softsystems IPO allotment status page to check the number of shares allocated to your application.
Useful Articles
Best of
Top Stock Brokers in India Top 10 Discount Brokers Top 10 Full-Service Brokers Lifetime Free Demat Account Best Broker for Beginners More Reports...Reviews (Discount Broker)
Zerodha (₹20/trade) Edelweiss (₹10/trade) Upstox (₹20/trade) 5paisa (₹20/trade) ProStocks (₹899 Unlimited) More Brokers...Reviews (Full-service)
ICICI Direct Motilal Oswal HDFC Sec Sharekhan IIFL Securities More Brokers...Compare Brokers
Broker Articles / Tutorials Compare Share Brokers Side-by-Side Comparison Broker Complaints Monitor Broker Glossary Special OffersTrading Platform Reviews
Zerodha Kite Review Sharekhan TradeTiger Omnesys NEST Review ODIN Review NSE NOW Review More Reviews...Options Basics
Options Trading HomepageBroker Reviews
Zerodha Review 5paisa Review ProStocks Review Sharekhan Review Angel Broking Review ICICI DirectOptions Trading Platform
Kite Zerodha Trade Tiger Sharekhan Omnisys NEST Upstox RKSV Fyers One Fyers ScalperT FinvasiaBest of
NRI HomepageNRI Trading Guide
Trading Account Basics Trading Requirements Demat Account Explained USA NRI Trading Account Trading in Derivatives More Articles...History of Chittorgarh
History of Chittorgarh Maharana Pratap Meera Bai Panna Dhai Rani Padmini Jainism & Chittor (Hindi)Chittorgarh City Info
Chittorgarh City Map Hotels / Resorts Sainik School Chittorgarh Cement Industry Hindustan Zinc