Saturday, March 7, 2009

EdServ SoftSystems IPO - Listing Status

EdServ Softsystems, an e-learning company shares got listed last week. The public issue of 39,73,908 equity shares of Rs 10 each was subscribed 1.30 times.

The IPO ended with a huge premium of 129.50% to its issue price of Rs 60. The share closed at Rs 137.70 on the NSE. On the NSE, the share has hit an intraday high of Rs 147 and intraday low of Rs 58.20. The total traded quantity was 3,64,03,634 shares and turnover was Rs 43946.47 lakh.

On the BSE, the share closed at Rs 137.55 at a premium of 129.25%. It has touched an intraday high of Rs 147 and intraday low of Rs 55.

The share had listed at Rs 60 on the NSE at its issue price whereas on the BSE the share had opened at Rs 55 at a discount of 8.33% to its issue price.

Though after a good listing, there has been numerous bulk deals on the stock. It has locked at 20% lower circuit for the second day in a row and slipped to Rs 88.05 a share on Friday.
It is currently trading at 56 below the issue price of 60.

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