eClerx Services Limited IPO Subscribed 26.30 times

The Initial Public Offering (IPO) of eClerx Services Limited which opened for subscription by investors on December 4, 2007 has received excellent response response. The issue has received subscription of 26.30 times till 6:00 PM on December 7, 2007 (last day).

The issue has received bids for 98398980 equity shares against the offer of 3740740 equity shares. The issue has received bids for 13091340 equity shares at Cut-off Price.

Out of the issue, the Qualified Institutional Buyers (QIBs) portion has received bids for 31.5913 times with bids for 70904820 equity shares against the offer of 2244444 equity shares.

The Non Institutional Investors portion has received bids for 13602600 shares against the offer of 374074 shares resulting in a subscription of 36.3634 times.

The Retail Individual Investors (RIIs) portion has received subscription of 12.3786 times with bids for 13891560 shares against the offer of 1122222 equity shares.

Source : Equity Bulls

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