Everonn Systems fixes issue price at Rs 140

Chennai, Jul 17 (UNI) Everonn Systems India limited, a fully integrated education and elarning solutions company, has fixed the issue price at Rs 140 per share, the higher end of the price band of Rs 125-140.

The company had come out with a public issue of equity share of face value of Rs ten each, for cash at a premimum aggregating to Rs 50 crore, a company release said here today.

The issue, which was 100 per cent book built, was oversubscribed 131 times.

The issue received an overwhelming response with the qualified institutional buyers portino being over subscribed by more than 92 times, the retail portion by 124 times and the non-institutional portion by 278 times, the release added.

UNI