eClerx Services plans to raise over Rs 101 crore from its initial public offering (IPO) of face value Rs 10 each.

The price-band of the issue has been fixed at Rs 270-315 per share. The issue will open on 4 December 2007 and close on 7 December 2007.

eClerx Services IPO has managed to get a CRISIL IPO Grading of 3 out of a scale of 5. This rating of 3 indicates that the fundamentals of eClerx Services are inline (avearge) with that of other listed companies in India.

eClerx Services proposes to utilise the net proceeds to fund acquisitions, infrastructure investments and for setting up additional facilities.

eClerx Services portfolio of services comprises data analytics, operations management, data audits, metrics management and reporting services. It provides service solutions using a mix of custom designed data processes with the assistance of delivery teams comprising generalists and domain specialists, and in-house software to automate processes.

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