Edserv Softsystems Ltd - IPO

Edserv Softsystems Ltd
Period	05-Feb to 09-Feb 2009
Size (Equity Shares)	39,73,908
Type	100% Book Built Issue (Initial Public Offer IPO)
Face Value	Rs. 10-
Price Range	Rs 55 to Rs 60
Market Lot	100
Max shares Retails investor can apply at cut off	1600
Registrar	Karvy Computershare Private Limited
Registrar’s email	edserv.ipo@karvy.com
Lead Manager	Keynote Corporate Services Limited
Listing	BSE, NSE
Grading	CARE has assigned an IPO Grade 1 to Edserv Softsystems IPO. This means as per CARE, company has Poor fundamentals. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
About the company
Chennai-based Edserv provides integrated learning and placement solutions, customised software solutions and placement consulting to clients in the field of IT and non-IT verticals. The company has three business units--ELMAQ (IT Training), Edserv (HEADS) and Lambent (Software Development).
Objects of the Issue
# Content Development; # Establishment of HEAL laboratories; # Establishment of Regional HEADS offices; # Development and Implementation of centralized LAMPS Portal Engine; # Issue Related Expenses; # Promotional, Trademark, copyright IP rights Expenses

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