eClerx Services Limited IPO Subscribed 1.61 times

The Initial Public Offering (IPO) of eClerx Services Limited which opened for subscription by investors on December 4, 2007 has received good response. The issue has received subscription of 1.61 times till 5:00 PM on December 5, 2007.

The issue has received bids for 6007500 equity shares against the offer of 3740740 equity shares. The issue has received bids for 297180 equity shares at Cut-off Price.

Out of the issue, the Qualified Institutional Buyers (QIBs) portion has received bids for 2.5221 times with bids for 5660640 equity shares against the offer of 2244444 equity shares.

The Non Institutional Investors portion has received bids for 4100 shares against the offer of 374074 shares.

The Retail Individual Investors (RIIs) portion has received subscription of 0.3054 times with bids for 342760 shares against the offer of 1122222 equity shares.

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

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

Source : Equity Bulls

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