Edserv Softsystems ends Day 1 with huge premium of 129%
Shares of e-learning services provider Edserv Softsystems had a strong debut on the stock exchanges on Monday.
The company’s scrip got listed on Monday at Rs 55, down 8.33 per cent from its issue price of Rs 60 on the Bombay Stock Exchange, but later settled the day with whopping premium at Rs 137.55, up Rs 78 or 129 per cent.
During trading session, the scrip touched an intraday high of Rs 147 and intraday low of Rs 55 on BSE. The total traded quantity was 3,41,04,135 shares.
While on the NSE, the share closed at Rs 137.70 at a premium of 129.50%. It has touched an intraday high of Rs 147 and intraday low of Rs 58.20.
The total traded quantity was 3,64,03,634 shares and turnover was Rs 43946.47 lakh.
Chennai based Edserv Softsystems provides integrated learning and placement solutions, customized software solutions and placement consulting to clients in the field of IT and non-IT verticals. The firm intends to use the proceeds to expand humanware education & deployment system business up to 200 centers.
The company has come with 1.20 crore equity shares of Rs 10 each, which had subscribed 1.30 times.