eClerx Services ends with 42% premium

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eClerx Services ends with 42% premium

eClerx Services, provides data analytics and customised process solutions to global enterprise clients, ended the day with 42.35% premium at Rs 448.40 as against its issue price of Rs 315 on the NSE. The stock has touched a high/low of Rs 467.50 and Rs 340, respectively.

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eClerx Services , provides data analytics and customised process solutions to global enterprise clients, ended the day with 42.35% premium at Rs 448.40 as against its issue price of Rs 315 on the NSE. The stock has touched a high/low of Rs 467.50 and Rs 340, respectively.

It traded with volumes of 93,16,883 shares and the turnover was at Rs 392 crore.

In an interview with CNBC-TV18, PG Mundra, Executive Director of eClerx Services said they are looking at US and Europe for acquisitions, and the deal size is between USD 5-15 million. eClerx will close the acquisition in the next financial year.

The stock debuted at Rs 320 and touched an intraday high/low of Rs 466.80 and Rs 320, respectively on the BSE. It closed at Rs 448.30, with volumes of 65,38,130 shares.

It had entered capital market with an initial public offering of approx. 37.41 lakh shares of Rs 10 each and raised more than 1000 million. The issue was subscribed 30 times. The price band was between Rs 270 and Rs 315 per equity share.

The proceeds of the issue will be used, inter alia, to fund acquisitions; make infrastructure investments; set up additional facilities and avail of listing benefits. 

The Company's portfolio of services comprises data analytics, operations management, data audits, metrics management and reporting services.