Edserv Softsystems Ltd
Period	05-Feb to 09-Feb 2009
Size (Equity Shares)	39,73,908
Type	100% Book Built Issue (Initial Public Offer IPO)
Face Value	Rs. 10-
Price Range	Rs 55 to Rs 60
Market Lot	100
Max shares Retails investor can apply at cut off	1600
Registrar	Karvy Computershare Private Limited
Registrar’s email	edserv.ipo@karvy.com
Lead Manager	Keynote Corporate Services Limited
Listing	BSE, NSE
Grading	CARE has assigned an IPO Grade 1 to Edserv Softsystems IPO. This means as per CARE, company has Poor fundamentals. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
About the company
Chennai-based Edserv provides integrated learning and placement solutions, customised software solutions and placement consulting to clients in the field of IT and non-IT verticals. The company has three business units–ELMAQ (IT Training), Edserv (HEADS) and Lambent (Software Development).
Objects of the Issue
# Content Development; # Establishment of HEAL laboratories; # Establishment of Regional HEADS offices; # Development and Implementation of centralized LAMPS Portal Engine; # Issue Related Expenses; # Promotional, Trademark, copyright IP rights Expenses

You all may be wondering why there are no new posts.

As you all know financial market is under turmoil and at that time, all small investors like us are best to be away from this roller coster and wait for things to improve.

Supreme Court (SC) rejected SVPCL’s appeal and asked them to refund the money to the investors. The SVPCL IPO was open from October 22, 2007 to October 26, 2007 and subscribed 1.09 times (retail 2.2419 times) however BSE rejected the application for listing as Post issue Merchant Bankers (UTI Securities Limited) didn’t provided an undertaking as required. Now SVPCL has to refund the money back to its IPO investors soon. SVPCL Ltd officials were unable to comment of this.

Reliance Infratel is a telecom infrastructure provider company part of Reliance ADA group’s Reliance Communications ltd. The company had filed request for IPO but choose not to proceed considering market conditions.

Resurgere Mines & Minerals India Ltd IPO Final subscription status:

Overall subscription: 1.16 times

Retail Individual Investors (RIIs) category: 0.40 times

Qualified Institutional Buyers (QIBs): 1.34 times

Non Institutional Investors: 2.41 times

Austral Coke & Projects Ltd IPO Final subscription status:

Overall subscription: 1.65 times

Retail Individual Investors (RIIs) category: 0.67 times

Qualified Institutional Buyers (QIBs): 0.62 times

Non Institutional Investors: 7.32 times

Vishal Information Technologies Ltd IPO is getting listed on 11-Aug-08 . Listing details are:

The proposed mega public listing of Bharat Sanchar Nigam Ltd (BSNL) moved a step ahead with the government indicating a valuation of about Rs 2,00,000 crore for the state-owned telecom behemoth.

Introduced in July 2008, Applications Supported by Blocked Amount (ASBA) Process, is the alternative payment method (optional) for IPO application where the IPO bidding amount remains in investors account, but blocked by the bank until allotment is done. If there is no allotment, the amount would be released by bank, and the investor could be able to use it immediately.

This is an additional method of payment available exclusively to retail individual investors through participatory banks (SCSB’s). Banks would be required to register themselves in the SCSB list, which would be available on SEBI’s website. The purpose of adding this new payment option is to reduce the turn around time for IPO Stock listing and to make the refund process faster.

Vishal Information Technologies Ltd IPO allotment status is out and available at http://www.intimespectrum.com/site/ipo.asp

Vishal Information Technologies Ltd IPO was open on July 21, 2008 and closed on July 24, 2008. IPO