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September 7, 2009

February 6, 2009

Edserv Softsystems Ltd - IPO

Edserv Softsystems Ltd


05-Feb to 09-Feb 2009

Size (Equity Shares)



100% Book Built Issue (Initial Public Offer IPO)

Face Value

Rs. 10-

Price Range

Rs 55 to Rs 60

Market Lot


Max shares Retails investor can apply at cut off



Karvy Computershare Private Limited

Registrar’s email

Lead Manager

Keynote Corporate Services Limited




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

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