The eClerx IPO is a book-built offering for Rs 101.00 crore. Bidding for the eClerx IPO began on December 4, 2007 and finished on December 7, 2007. On December 31, 2007, the shares were listed on the BSE and NSE. The eClerx IPO pricing range is established at 270 to 315 cents per share. An application requires a minimum lot size of 20 shares. Retail investors must make a minimum investment of $6,300.
eClerx Services Limited, founded in 2000, has been named one of the “Top 20 companies to watch” by Business Today magazine in the last three years, alongside some of India’s top corporations. eClerx Services Limited provides global enterprise clients with data analytics and customized process solutions. Services provided by eClerx include operations management, data audits, metrics management, data analytics, and reporting. They offer service solutions using a combination of custom-designed data processes and delivery teams made up of
generalists and domain specialists, and in-house technologies to automate procedures. They currently serve clients in the financial services, retail, and manufacturing industries. They have managed several small and complex processes across a client’s various enterprises in a cost-effective manner by utilizing unique domain knowledge and customized software.
They had 1,021 employees in Fiscal 2007, with operations in India, the United Kingdom, the United States, and Ireland. Unconsolidated revenue for Fiscal 2007, Fiscal 2006, and Fiscal 2005 was Rs. 862.3 million, Rs. 477.5 million, and Rs. 266.4 million, respectively, expanding at a compound annual growth rate of 79.9% from 2005 to 2007. Profit after tax for Fiscal 2007, Fiscal 2006, and Fiscal 2005 was Rs. 405.2 million, Rs. 240.4 million, and Rs. 112.2 million, respectively.
eClerx IPO Details
| IPO Date | December 4, 2007 to December 7, 2007 |
| Listing Date | December 31, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹270 to ₹315 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 3,206,349 shares (aggregating up to ₹101.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
eClerx IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹6,300 |
| Retail (Max) | 31 | 620 | ₹195,300 |
Objects of the Issue (eClerx IPO Objectives)
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital for
- long-term working capital requirements;
- Expand production capacity by establishing additional facilities;
- Infrastructure investments;
- General corporate purposes.
eClerx IPO Listing Details
| Listing Date | December 31, 2007 |
| BSE Script Code | 532927 |
| NSE Symbol | ECLERX |
| ISIN | INE738I01010 |
| Final Issue Price | ₹315 per share |
eClerx Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹315.00 | ₹315.00 |
| Open | ₹320.00 | ₹370.00 |
| Low | ₹320.00 | ₹340.00 |
| High | ₹466.80 | ₹467.50 |
| Last Trade | ₹448.30 | ₹449.65 |
eClerx Services Limited Contact Details
eClerx Services Limited
29 Bank Street,
Fort,
Mumbai, 400023, Maharashtra, India
Phone: +91-22-40941000
Email: [email protected]
Website: http://www.eclerx.com
eClerx IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com
eClerx IPO FAQs:
Q1. What is the eClerx IPO?
Ans. eClerx IPO is a main-board IPO of 3,206,349 equity shares with a face value of ₹10, aggregating up to ₹101.00 crore. The issue is priced at ₹270 to ₹315 per share. The minimum order quantity is 20 shares. The IPO opens on December 4, 2007, and closes on December 7, 2007. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on the BSE and NSE.
Q2. When will the eClerx IPO go public?
Ans. The eClerx IPO opens on December 4, 2007 and closes on December 7, 2007.
Q3. What is the lot size of the eClerx IPO?
Ans. eClerx IPO lot size is 20 shares, and the minimum amount required is ₹6,300.
Q4. When is the eClerx IPO allotment?
Ans. The finalization of the basis of allotment for the eClerx IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
Q5. When is the eClerx IPO listing date?
Ans. The eClerx IPO listing date is on December 31, 2007.
