eClerx Services IPO opens on December 4

Mumbai, Nov 27 (UNI) eClerx Services, which provides data analystics and customised process solutions to global enterprise clients from its offshore delivery centres in India, is entering the capital market on December 4 with its initial public offering (IPO) of equity shares of Rs 10 each for cash, at a price to be decided through a 100 per cent book building process.

The issue will close on December 7 and the price band has been fixed between Rs 270 and Rs 315 per equity share.

The Company Chairman V K Mundhra told mediapersons here today that, 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 comprises of services like data analystics, operations management, data audits, metrics management and reporting services. It currently offers its service to clients in the financial services, retail and manufacturing industries.

The Company recently acquired the Igentica Group, which introduced it to a client base of global corporations in the travel and hospitalilty industry.

UNI