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HOV Services lists at Rs 200 on BSE
SEPTEMBER 28, 2006 

MUMBAI: Pune-based BPO company HOV Services Ltd got listed on Tuesday at Rs 200 on the Bombay Stock Exchange, against its issue price of the same value. 

The company in its IPO had offered 40.5 lakh shares of Rs 10 each at a price band of Rs 200 to Rs 240 per equity share, which were oversubscribed by over two times. 

The QIB portion got subscribed by over four times, while the retail portion was oversubscribed by nearly three times. 

The company proposes to utilise the amount generated to acquire the US-based BPOs operating in the finance and accounting sector and also to increase its headcount.