Bookbuilding IPO | ₹101 Cr | Listed at BSE, NSE | Tue, Dec 4, 2007 - Fri, Dec 7, 2007
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 per share. The lot size for an application is 20. The minimum amount of investment required by an retail is ₹6,300 (20 shares) (based on upper price). 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 Open
Tue, Dec 4, 2007
IPO Close
Fri, Dec 7, 2007
Issue Price
₹315 per share
Market Cap (Pre-IPO)
₹594.37 Cr
| IPO Date | 4 to 7 Dec, 2007 |
| Listed on | Mon, Dec 31, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹270 to ₹315 |
| Issue Price | ₹315 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 32,06,349 shares (agg. up to ₹101 Cr) |
| Fresh Issue | 23,16,349 shares (agg. up to ₹73 Cr) |
| Offer for Sale | 8,90,000 shares of ₹10 (agg. up to ₹28 Cr) |
| Share Holding Pre Issue | 1,65,52,500 shares |
| Share Holding Post Issue | 1,88,68,849 shares |
| BSE Script Code / NSE Symbol | 532927 / ECLERX |
| ISIN | INE738I01010 |
eClerx IPO comprises a total issue size of 32,06,349 shares. Out of which, 19,23,809 (60.00%) are allocated to QIB, 3,20,635 (10.00%) allocated to NII 9,61,905 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Acquisitions | 22.00 |
| 2 | Infrastructure investments | 18.00 |
| 3 | Set up additional facilities and | 10.00 |
| 4 | General corporate purposes | |
| Total | 50.00 |
| KPI | |
|---|---|
| RoNW | 138% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 72.23% | |
| Market Cap | ₹594.37 Cr. |
The eClerx IPO is subscribed 26.3 times on December 7, 2007 5:00:00 PM (Day 4). The public issue subscribed 12.38 times in the retail category, 31.59 times in the QIB category, and 36.36 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| 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 |
Lead Manager Reports
eClerx IPO is a main-board IPO of 32,06,349 equity shares of the face value of ₹10 aggregating up to ₹101 Crores. The issue is priced at ₹315 per share. The minimum order quantity is 20.
The IPO opens on Tue, Dec 4, 2007, and closes on Fri, Dec 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 Tue, Dec 4, 2007 and closes on Fri, Dec 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 Mon, Dec 31, 2007.
