EdServ Softsystems Limited (Formerly known as Lambent Softsystems P Ltd) is a seven year old IT solutions company, incorporated in 2001, with an objective of providing integrated learning & placement solutions, customized software solutions, and placement consulting to clients in the field of IT and non-IT verticals that include Healthcare, Banking, Financial Services, Manufacturing, Retail sectors among others. EdServ has launched HEADS, a 4th generation technology education model that uses web based e-learning to seamlessly integrate manpower demand and supply in number and skills right from development to deployment.
The company has successfully provided training and staffing solutions to premier IT & non-IT clients viz., TI Group, TVS Group, Hewlett-Packard India, Infosys Technologies, GM financial services India, Optic Fibre & among others. The top 10 clients of the company for the year 2007-08 are Madras Fertilizer Limited, Seeweware Technologies, Devi Krupa Ventures, SJS Software Solutions, St. John`sFoundations, SRV - PN Palaayam, Taurus Leathers, Nano Technologies, Blue Bird Infotech and Philo Informatics. These top ten clients account for around 23.50% of the total turnover for the year ended 2007-08
Objects of the EdServ Softsystems Limited IPO
The proceeds from the proposed issue of shares are intended to be deployed for:
1. To finance the cost for developing the copyrighted D2J content by HEADS Learning (HEAL) architecture
2. To finance the cost for establishing the HEAL Lab to develop, test, install, connect, and implement the D2J content across all HEADS Offices as Back-end and EdCenter as Frontend
3. To finance the cost for establishing the HEADS Offices to reach out regions all over India
4. To finance the cost for developing and implementing the copyrighted centralized LAMPS Portal Engine
5. To finance the promotion expenses to sign-up and establish Partner-led 200 EdCenters under BMC model across India & South Asia
6. To list the equity shares of the company on the stock exchanges.
Equity Shares offered: 39,73,908 Equity Shares of Rs Face Value Rs 10/-
- QIB Quota - 18,86,954 Equity Shares
- Non Institutional Portion - 5,66,086 Equity Shares
- Retail Portion - 13,20,868 Equity Shares
Equity Shares outstanding prior to the Issue -80,32,092 Equity Shares
Equity shares outstanding after the Issue - 1,20,06,000 Equity Shares
Public Issue Open Date - 5-Feb, 2009
Public Issue Close Date - 9-Feb, 2009
Public Issue Price - Rs 55 - 60
Face Value - Rs 10/-
Minimum Application - 100 Equity Shares
Maximum Application Amount - Rs 1,00,000 for Retail Investor
Listing - NSE, BSE
IPO grading
Our Company has appointed CARE for grading. CARE has assigned a ‘CARE IPO GRADE 1’ to the proposed initial public offering of our Company. ‘CARE IPO Grade 1’ indicates below poor fundamentals.
Registered and Corporate Office
Ist Floor , Panna Plaza New No. 139, Arcot Road,
Kodambakkam, Chennai - 600 024
Tel: -91-044-64537216 Fax: - 91-044-23724088
Email: [email protected] Website: www.edserv.in
Registrars to EdServ Softsystems Limited IPO
Karvy Computershare Private Limited
KARVY HOUSE"
46, Avenue 4, Street No.1,
Banjara Hills, Hyderabad - 500 034
Tel : 91- 040- 23312454
Fax : 91-040-23311968
E-mail: [email protected]
Website: www.karvy.com
Contact Person: Mr. Murli Krishna
EdServ Softsystems Limited IPO Basis of Allotment
