Saturday, December 01, 2007

ECLERX SERVICES LIMITED - IPO

Type of Issue : Book Built
Issue Opens: 04 December, 2007
Issue Closes: 07 December, 2007

Issue Size : 3,206,349(No. of Shares)

Lower Price Band: Rs.270
Upper Price Band: Rs.315
Total Issue Size: Rs.101 Crores

Application Multiple: 20 and in multiples there off starting with atleast 20 shares.

Maximum Shares: 300(for Retail)

Information URL : http://www.eclerx.com
Prospectus URL : http://www.sebi.gov.in/dp/eclerxdraft.pdf

Company Details :

Address : Sonawala Building, First Floor, 29 Bank Street, Fort, Mumbai - 400 023.
Email : eclerx.ipo@eclerx.com
Contact Details: 912240941000 /912240941212 (fax)

ISSUE Description:

Company Background:

Company Background EClerkx Servcies Ltd. provides data analytics and customized process solutions to global enterprise clients from their offshore delivery centers in India. Their portfolio of services comprises data analytics, operations management, data audits, metrics management and reporting services. The company provides service solutions using a mix of custom designed data processes, delivery teams comprising generalists and domain specialists, and in-house software to automate processes. ESL designs data solutions for offshore clients to meet their specific requirements. The company offers value additions by solving business issues for clients through a cost effective combination of people, process and technology. They offer their services to clients in the financial services, retail and manufacturing industries. The company endeavors to increase revenues, reduce operating costs and boost profits for their clients. Their specialty is to increase the effectiveness of e-commerce websites. across a variety of industries ranging from supermarkets, travel and hospitality, consumer retail, and consumer electronics where online platforms dominate. The company is engaged by some of the leading financial services companies to provide specialist support to their capital markets, investment banking and asset management divisions with specialized knowledge of financial products and transactions including derivatives and structured products. The company operates through three delivery centers in Mumbai. Besides, the company also has marketing presence at London, New York, Austin and Dublin. ESL has a talent base of about 1000+ professional with engineering, management and financial services background. Object of the Issue a) Fund Acquisitions b) Infrastructure investments c) Set up additional facilities. Key Financials for the year ended March 31, 2007 Revenue Rs.862.34Mln, PAT Rs.405.19Mln, EPS Rs.26.68 RoNW 138%.

Eclerkx does high end consultancy in BPO space with marque clients and has mouth-watering margins. available at eleven times 09 earnings it is value buy. apply for medium term.

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