eClerx IPO : eClerx files draft with sebi for an IPO of Rs 100 cr

Mumbai based eClerx Services Limited, a knowledge process outsourcing (KPO) firm, is planning to enter the Capital markets with an initial public offering (IPO) of around Rs 100 crore, thus becoming the first Indian Knowledge Process Outsourcing Company to do so.

eClerx, which has recently filed its draft red herring prospectus with the Securities and Exchange Board of India (Sebi), expects to hit the markets by the end of this fiscal year.

Eclerx was found in the year 2000 and Burwood Ventures holds 21 percent in this company.The company has three major development centres in Mumbai and empolys around 1000 people and the fourth centre is coming up in Pune. The company which has an estimated turnover of Rs 86 crore for the year ended March 31 2007 is also planning to open additional centres in Chennai and Delhi.

Eclerx plans to used the funds raised from the IPO for setting up additional facilities, infrastructure invesments and for future acquisitions.

The Book Running Lead Managers for the eClerx Services Ltd IPO would be JM Financial Consultants Pvt Ltd, Edelweiss Capital India Ltd and the Registrar for the Eclerx IPO is Karvy Computershire Private Limited.

eClerx Services Limited IPO – eClerx IPO Prospectus
For more information, read the Draft Red Herring Prospectus of the eClerx IPO Draft Prospectus

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.