eClerx Services Limited IPO to hit markets on December 4, 2007

The Initial Public Offering (IPO) of eClerx Services Limited opens for subscription by investors on Tuesday - December 4, 2007.

The company is coming out with an IPO of Equity Shares of Rs.10 each for cash at a price band of Rs 270 to Rs 315 through 100% Book Building Process. The Issue comprises a fresh issue of equity shares and an offer for sale by existing shareholders of 890,000 equity shares.

This Issue has been graded by CRISIL Limited and has been assigned the "IPO Grade 3/5" indicating average fundamentals, through its letter dated October 29, 2007. The IPO grading is assigned on a five point scale from 1 to 5 with an "IPO Grade 5" indicating strong fundamentals and an "IPO Grade 1" indicating poor fundamentals.

The IPO closes for subscription by investors on Friday - December 7, 2007.

The Equity Shares offered through this public issue are proposed to be listed on the Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE").

Karvy Computershare Pvt Limited is the registrar to the issue.

JM Financial Consultants Private Limited and Edelweiss Capital Limited are the Book Running Lead Managers to the issue.

Click Here to view eClerx Services Limited Website.

Click Here to view eClerx Services Limited IPO Prospectus.

Source : Equity Bulls

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