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eClerx IPO is a book build issue of ₹101.00 crores. The issue is a combination of fresh issue of 0.23 crore shares aggregating to ₹72.96 crores and offer for sale of 0.09 crore shares aggregating to ₹28.04 crores.
eClerx IPO bidding started from Dec 4, 2007 and ended on Dec 7, 2007. The shares got listed on BSE, NSE on Dec 31, 2007.
eClerx IPO price band is set at ₹315.00 per share . The lot size for an application is 20. The minimum amount of investment required by an retail is ₹5,400 (20 shares). The lot size investment for sNII is 32 lots (640 shares), amounting to ₹2,01,600, and for bNII, it is 159 lots (3,180 shares), amounting to ₹10,01,700.
Edelweiss Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to eClerx IPO RHP for detailed Information.
| IPO Date | December 4, 2007 to December 7, 2007 |
| Listing Date | December 31, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹270 to ₹315 per share |
| Issue Price Final | ₹315 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 32,06,349 shares (aggregating up to ₹101.00 Cr) |
| Fresh Issue | 23,16,349 shares (aggregating up to ₹72.96 Cr) |
| Offer for Sale | 8,90,000 shares of ₹10 (aggregating up to ₹28.04 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,65,52,500 shares |
| Share Holding Post Issue | 1,88,68,849 shares |
eClerx IPO offers total 32,06,349 shares. Out of which 19,23,809 (60.00%) allocated to QIB, 3,20,635 (10.00%) allocated to NII, 9,61,905 (30.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 19,23,809 (60.00%) | NA |
| NII (HNI) Shares Offered | 3,20,635 (10.00%) | NA |
| Retail Shares Offered | 9,61,905 (30.00%) | 48,095 |
| Total Shares Offered | 32,06,349 (100.00%) |
eClerx IPO opens on December 4, 2007, and closes on December 7, 2007.
| IPO Open Date | Tue, Dec 4, 2007 |
| IPO Close Date | Fri, Dec 7, 2007 |
| Tentative Listing Date | Mon, Dec 31, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 7, 2007 |
Investors can bid for a minimum of 20 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹6,300 |
| Retail (Max) | 31 | 620 | ₹1,95,300 |
| S-HNI (Min) | 32 | 640 | ₹2,01,600 |
| S-HNI (Max) | 158 | 3,160 | ₹9,95,400 |
| B-HNI (Min) | 159 | 3,180 | ₹10,01,700 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2000, eClerx Services Limited is one of the leading company according to "Top 20 companies to watch" by Business Today magazine in the last three years amongst a list that included some of the largest Indian companies.
eClerx Services Limited provides data analytics and customized process solutions to global enterprise clients. eClerx services includes operations management, data audits, metrics management, data analytics and reporting services.
They provide service solutions using a mix of custom designed data processes, delivery teams comprising generalists and domain specialists, and in-house software to automate processes. Currently they offer their services to clients in the financial services, retail and manufacturing industries. They have experience in managing multiple small and complex processes across different businesses of a client in a cost effective manner using specific domain skills and customized software.
As of Fiscal 2007, they had 1,021 employees with operations in India, U.K., U.S. and Ireland. For Fiscal 2007, Fiscal 2006 and Fiscal 2005, unconsolidated revenue was Rs. 862.3 million, Rs. 477.5 million and Rs. 266.4 million, respectively, growing at a compound annual growth rate of 79.9 % over 2005-2007. For Fiscal 2007, Fiscal 2006 and Fiscal 2005, profit after tax was Rs. 405.2 million, Rs. 240.4 million and Rs. 112.2 million, respectively.
| KPI | Values |
|---|---|
| RoNW | 138% |
The Company eClerx IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Fund acquisitions | 220.00 |
| 2 | Infrastructure investments | 180.00 |
| 3 | Set up additional facilities and | 100.00 |
| 4 | General corporate purposes |
| Listing Date | December 31, 2007 |
| BSE Script Code | 532927 |
| NSE Symbol | ECLERX |
| ISIN | INE738I01010 |
| Final Issue Price | ₹315 per share |
| BSE Listing Group | B1 |
eClerx Services Ltd.
29,
Bank Street,
Fort,
Mumbai, Maharashtra, 400023
Phone: +91-22-40941000
Email: eclerx.ipo@eclerx.com
Website: http://www.eclerx.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: eclerxipo@karvy.com
Website: https://ipostatus.kfintech.com/
eClerx IPO is a main-board IPO of 32,06,349 equity shares of the face value of ₹10 aggregating up to ₹101.00 Crores. The issue is priced at ₹315 per share. The minimum order quantity is 20.
The IPO opens on December 4, 2007, and closes on December 7, 2007.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in eClerx IPO using UPI as a payment gateway. Zerodha customers can apply in eClerx IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in eClerx IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The eClerx IPO opens on December 4, 2007 and closes on December 7, 2007.
eClerx IPO lot size is 20, and the minimum amount required for application is ₹6,300.
You can apply in eClerx IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for eClerx IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the eClerx IPO allotment status.
The eClerx IPO listing date is on Monday, December 31, 2007.
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