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HOV Services IPO is a book build issue .
HOV Services IPO bidding started from Sep 4, 2006 and ended on Sep 7, 2006. The shares got listed on BSE, NSE on Sep 27, 2006.
HOV Services IPO price band is set at ₹200.00 per share . The lot size for an application is 25. The minimum amount of investment required by an retail is ₹5,000 (25 shares). The lot size investment for sNII is 41 lots (1,025 shares), amounting to ₹2,05,000, and for bNII, it is 201 lots (5,025 shares), amounting to ₹10,05,000.
BOFA Securities India Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to HOV Services IPO RHP for detailed Information.
| IPO Date | September 4, 2006 to September 7, 2006 |
| Listing Date | September 27, 2006 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹200 to ₹240 per share |
| Issue Price Final | ₹200 per share |
| Lot Size | 25 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 85,04,045 shares |
| Share Holding Post Issue | 1,25,54,045 shares |
HOV Services IPO opens on September 4, 2006, and closes on September 7, 2006.
| IPO Open Date | Mon, Sep 4, 2006 |
| IPO Close Date | Thu, Sep 7, 2006 |
| Tentative Listing Date | Wed, Sep 27, 2006 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 7, 2006 |
Investors can bid for a minimum of 25 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 | 25 | ₹5,000 |
| Retail (Max) | 40 | 1,000 | ₹2,00,000 |
| S-HNI (Min) | 41 | 1,025 | ₹2,05,000 |
| S-HNI (Max) | 200 | 5,000 | ₹10,00,000 |
| B-HNI (Min) | 201 | 5,025 | ₹10,05,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
HOV Services is a leading Business Process Outsourcing (BPO) provider servicing the finance and accounting sector.
HOV has clients in telecommunications, healthcare, insurance, construction, finance and banking industries. It has offices around 14 cities and having around 850 employees.
HOV Services provides:
1. Customer Care, Retention and Win Back Programs;
2. Billing, Remittance Processing and First Party Communication;
3. Early and Late Stage Debt Collection;
4. Litigation, Dispute Resolution and Attorney Speciality Collections;
5. Analysis, Stratification and Reporting;
6. Insurance Eligibility Verification, Claims Submission, Follow-up and Appeal;
7. Collection Education Programs.
| KPI | Values |
|---|---|
| RoNW | 23.49% |
The Company HOV IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (Rs. in crores) |
|---|---|---|
| 1 | Planned capital expenditure | 21.08 |
| 2 | To infuse funds into our Subsidiary for redemption of Class B Units issued by the Subsidiary | 65.53 |
| 3 | Less :- to be funded through internal accruals | -19.89 |
| 4 | Issue expenses | 14.28 |
| Listing Date | September 27, 2006 |
| BSE Script Code | 532761 |
| NSE Symbol | HOVS |
| ISIN | INE596H01014 |
| Final Issue Price | ₹200 per share |
HOV Services Ltd.
HOV Services Limited
3rd Floor, Sharda Arcade, Pune Satara Road,
Bibwewadi, Pune 411 037, Maharashtra, India.
Pune, Maharashtra
Phone: + 91 20 24221460
Email: investor.relations@hovservices.com
Website: http://www.hovservices.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: hov.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
HOV Services IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at ₹200 per share. The minimum order quantity is 25.
The IPO opens on September 4, 2006, and closes on September 7, 2006.
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 HOV Services IPO using UPI as a payment gateway. Zerodha customers can apply in HOV Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in HOV Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The HOV Services IPO opens on September 4, 2006 and closes on September 7, 2006.
HOV Services IPO lot size is 25, and the minimum amount required for application is ₹5,000.
You can apply in HOV Services 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 HOV Services IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the HOV Services IPO allotment status.
The HOV Services IPO listing date is on Wednesday, September 27, 2006.
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