Edserv Softsystems IPO opens on Feb. 09

Chennai-based Edserv Softsystems (ESL), a web-learning, IT consulting and resource deployment company, is entering the capital market with its initial public offer (IPO) of 39,73,908 equity shares of Rs 10 each for cash at a premium to be decided through the 100% book building process on Feb. 5, 2009. The price band for the issue has been fixed at Rs 55 to Rs 60 for each equity share. The issue for subscription and bids closes on Feb. 09, 2009