The price band for eClerx Services Limited has been fixed at Rs 270 and Rs 315.
eClerx Services Limited, a provider of data analytics and customised process solutions to global enterprise clients from its offshore delivery centres in India, proposes to enter the capital markets with an initial public offering of equity shares of Rs 10 each through a 100 per cent book building proces
This Issue has been graded by CRISIL Limited and has been assigned the "IPO Grade 3/5" indicating average fundamentals, through its letter dated October 29, 2007.
The eClerx Services Limited IPO closes for subscription by investors on Friday - December 7, 2007.
The Equity Shares offered through this public issue are proposed to be listed on the Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE").
Karvy Computershare Pvt Limited is the registrar to the issue. JM Financial Consultants Pvt Ltd and Edelweiss Capital Ltd are the book running lead managers to the issue.
Source : The Hindu
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