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Track all the latest updates and news of Edserv Softsystems IPO.
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Published by : Wall Street Journal1. IPO Allotment Status is now available online for Edserv Softsystems Limited IPO.
Edserv Softsystems Limited IPO was open on February 5 ,2009 and closed on February 9, 2009. IPO was oversubscribed by 1.30 times (1.0223 times in retail).
2. Edserv Softsystems Limited IPO Listing Info:
IPO Listing Date: Monday, March 2, 2009
BSE Script Code: 533055
NSE Symbol: EDSERV
Listing in: B Group
ISIN: INE889J01019
Issue Price: Rs. 60 Per share (Face Value of Rs. 10/-)
Face Value: Rs 10/- Per Equity Share
Edserv Softsystems Limited IPO fully subscribed on its closing day. Issue received 1.30 times bids for its IPO stocks. Retail quota of the issue subscribed 1.0223 times and QIB's subscribed 1.0776 times. Employees didn't show much interest and only subscribed 0.0390 times but Non Institutional category shows good interest and subscribed 3.1048 times.
EDSERV SOFTSYSTEMS LIMITED - Bid details
| Sr.No. | Category | No.of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
| 1 | Qualified Institutional Buyers (QIBs) | 1886954 | 2033300 | 1.0776 |
| 1(a) | Foreign Institutional Investors (FIIs) | 2033300 | ||
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | 0 | ||
| 1(c) | Mutual Funds | 0 | ||
| 1(d) | Others | 0 | ||
| 2 | Non Institutional Investors | 566086 | 1757600 | 3.1048 |
| 2(a) | Corporates | 1083300 | ||
| 2(b) | Individuals (Other than RIIs) | 444700 | ||
| 2(c) | Others | 229600 | ||
| 3 | Retail Individual Investors (RIIs) | 1320868 | 1350300 | 1.0223 |
| 3(a) | Cut Off | 1309700 | ||
| 3(b) | Price Bids | 40600 | ||
| 4 | Employee Reservation | 200000 | 7800 | 0.0390 |
| 4(a) | Cut Off | 0 | ||
| 4(b) | Price Bids | 7800 |
Edserv Softsystems IPO remain unsubscribe on its second day for subscription. Only bid received are in Retail Individual Investors (RIIs) category for 11600 shares of total retail quota of 1320868 shares.
Edserv Softsystems IPO, a 100% Book Building Initial Public Offer is open for subscription on Feb 05, 2009 and closing on Feb 09, 2009.
CARE has assigned an IPO Grade 1 (Poor fundamentals) to Edserv Softsystems IPO.
Incorporated in 2001, Edserv Softsystems Limited is India's first 4th generation education company that uses technology to efficiently synchronize manpower demand and supply in number and skills right from development to deployment.
Edserv Softsystems Limited is entering in the capital markets with an initial public offering, IPO of 39,73,908 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs 55/- at lower level and Rs 60/- at upper level for equity share of Rs 10/-. The issue opens on Feb 05, 2009, and closes for subscription on Feb 09, 2009. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The Edserv Softsystems IPO is proposed to open on February 5, 2009. The IPO application ends on February 9, 2009.
Retail investors can apply in the retail or non-institutional investor category from February 5, 2009 to February 9, 2009. The Edserv Softsystems IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).
The Edserv Softsystems IPO will open for subscription on February 5, 2009. The public issue will close on February 9, 2009.
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