Everonn Systems India Limited, an education-focused company, has recently launched its Initial Public Offering (IPO), creating a buzz in the stock market. This IPO, which opened on July 5, 2007, and closed on July 11, 2007, was highly anticipated. The price band for this IPO was set between ₹125 and ₹140 per share, making it an attractive opportunity for investors.
The company offered a total of 3,571,430 equity shares in the IPO, aiming to raise ₹50 crore. The issue saw overwhelming demand, with subscriptions pouring in from all categories of investors. Qualified Institutional Buyers (QIBs) oversubscribed by 92.95 times, while Non-Institutional Investors (NIIs) subscribed a staggering 277.81 times. This indicates a significant interest in Everonn’s growth potential.
Everonn’s IPO was listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on August 1, 2007. The company’s shares began trading under the symbol “EVERONN” on NSE and “532876” on BSE. With a face value of ₹10 per share, investors had the chance to participate in an innovative education services company with a growing presence in the Indian market.
Despite the excitement around the listing, investors should consider all aspects of the company’s financial health and market conditions before making any investment decisions. As with any IPO, there’s always a degree of risk, so it’s advisable to conduct thorough research before buying.
Everonn IPO Key Facts:
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IPO Opening Date: July 5, 2007
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IPO Closing Date: July 11, 2007
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Price Band: ₹125-₹140 per share
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Issue Size: ₹50 crore
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Listing Date: August 1, 2007
