EDSERV SOFTSYSTEMS IPO receives 0.93 times subscription

The Initial Public Offering of EDSERV SOFTSYSTEMS LIMITED which is scheduled to close today - February 9, 2009 (Monday) for subscription has received 0.93 times susbcription till 2:00 PM. The IPO opened for subscription on February 05, 2009.

The company has come out with an IPO of 39,73,908 EQUITY SHARES of Rs 10 each for cash at a price band of Rs. 55 To Rs. 60 through 100% book-building process.

Keynote Corporate Services Limited is the Book Running Lead Manager to the issue. Ashika Capital Limited is the Co Book Running Lead Manager to the issue.

Keynote Capitals Limited, Ashika Stock Broking Limited are the Syndicate Members to the issue.

Karvy Computershare Private Limited is the Registrar to the issue.

The IPO has received subscription for 3697300 equity shares against the offer of 3973908 equity shares resulting in a subscription of 0.93 times.

The issue has received subscription for 147200 equity shares at cut-off price.

Source : Equity Bulls

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