14/09/2010 The London Stock Exchange welcomes iEnergizer to AIM
iEnergizer is a full service business process outsourcing business, providing services across a range of sectors and countries. The primary sectors are:
o Banking, financial services and insurance
The Company operates from six delivery centres in India and one in the US and the clients are predominantly US, Indian and Australian blue chip corporations including investment and commercial banks, leading diversified financial services companies, healthcare insurance companies, mortgage houses, utilities, and on-line games and entertainment companies. Typically 80% of the work is non-voice which provides more specialised and higher margin services.
The share will be quoted on the AIM market of the London Stock Exchange (“Admission”). iEnergizer Limited has placed 31,930,706 ordinary shares at 116p each raising £37 million, giving a market capitalisation of approximately £174 million. The shares will be admitted to trading at 08.00 on the 14th September 2010.
Anil Aggarwal, Chief Executive of iEnergizer, said:
“The IPO will help to raise the Company’s profile internationally and help diversify its shareholder base as well as providing a liquid market for the Ordinary Shares. In addition it will help us to further incentivise our staff who are key to our continued success.”
The nominated adviser and broker is : Arden Partners, Richard Day/ Adrian Trimmings
The Financial Communications consultants were FD, Jonathon Brill / Edward Westropp