Everonn Sys lists with 75% premium

Knowledge management and training company Everonn Systems on Wednesday got listed at Rs 245 on the bourses, a premium of 75 per cent over the issue price of Rs 140.

The scrip touched a high of Rs 560 within minutes of listing and over 1.70 lakh shares exchanged hands on the BSE.

The shares scaled a high of Rs 567 on the National Stock Exchange, where over 9.77 lakh shares got traded.

The company was trading at Rs 517.50 on the BSE and at Rs 518.70 on the NSE at 10.01 am.

Read more in The Financial Express

Everonn Systems to list Wednesday

MUMBAI: Everonn Systems India Ltd, issue price of which was fixed at Rs 140 per share, will list on the boursesWednesday.

The company had entered the capital market to raise Rs 50 crore. The 100% book build IPO was subscribed 131.47 times. The shares were offered in the price band Rs 125-140 per share.

Qualified institutional buyers portion was subscribed 92.94 times, non-institutional investors portion was subscribed 277 times and retail portion 123 times.

Everonn Systems is a fully integrated knowledge management, education and training company that offer services like creating globally relevant educational training content, designing and executing learning initiatives.

The company will use the proceeds of the issue for capital expenditure in its two strategic business units--institutional education & IT infrastructure services, and virtual & technical enabled learning solutions.

Everonn will also utilise the proceeds for mergers & acquisitions, investing in the proposed subsidiary to retail educational aids, tools and other products.