eClerx Services Debuts At Rs 375 On BSE

The shares of eClerxeClerx Services Ltd, has got listed today at Rs 375 on the Bombay Stock Exchange (BSE), up 19.1% as against its issue price of Rs 315 per share

In early trading (9:56 a.m), the company’s were trading at Rs 370 on BSE. The shares also touched a high of Rs 390.

Incorporated in 2000, ESL offers data analytics and customized process solutions to international customers via three offshore delivery centres in Mumbai. It was promoted by PD Mundhra and Anjan Malik.

The company had lifted around Rs 5.94 billion through an initial public offering (IPO) of 18.87 million shares.

ESL plans to swell its functioning by building up new customer relationships and establishing additional offshore facilities in a SEZ in Pune and other Tier-II cities. It is also considering an acquirement in the UK or the US in the medium term.

Business News: