Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Fri, May 24, 2013 - Tue, May 28, 2013
India Finsec IPO is a fixed price issue of ₹6.00 crores. The issue is entirely a fresh issue of 0.60 crore shares of ₹6.00 crore.
India Finsec IPO bidding started from May 24, 2013 and ended on May 28, 2013. The shares got listed on BSE SME on Jun 11, 2013.
India Finsec IPO price is ₹10 per share. The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Aryaman Financial Services Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is MSB E-Trade Securities Ltd..
Refer to India Finsec IPO RHP for detailed Information.
IPO Open
Fri, May 24, 2013
IPO Close
Tue, May 28, 2013
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹19.44 Cr
| IPO Date | 24 to 28 May, 2013 |
| Listed on | Tue, Jun 11, 2013 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 60,00,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 3,50,000 shares MSB E-Trade Securities Ltd. (agg. up to ₹0.3500 Cr) |
| Reserved for Private Promoter | 6,50,000 shares (agg. up to ₹0.6500 Cr) |
| Fresh Issue (Ex Market Maker) | 50,00,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 50,00,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 1,34,41,715 shares |
| Share Holding Post Issue | 1,94,41,715 shares |
| BSE Script Code | 535667 |
| ISIN | INE474O01010 |
India Finsec IPO comprises a total issue size of 53,50,000 shares. The net offer to the public is 43,50,000 shares, after excluding 10,00,000 shares allotted on a firm basis. Of the Net offer 25,00,000 (50.00%) allocated to NII 25,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 25,00,000 | 50.00% | 46.73% |
| Retail Shares Offered | 25,00,000 | 50.00% | 46.73% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,50,000 | 6.54% | |
| Private Promoter Shares Offered | 6,50,000 | 12.15% | |
| Total Shares Offered | 53,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Incorporated in 1994, India Finsec Limited is engaged in the business of Financing, Inter Corporate Deposits, advancing Short term loans, Long term loans, credits to individuals & companies etc. Company also deals in stocks, shares and securities.
The primary business of the company is to provide Margin Funding to the clients for purchase of securities, Loan against Shares and Trading in Shares & Securities. The company is registered as a Non-deposit taking Non-Banking Finance Company with RBI.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase and set up of Office Space for Registered Office | 3.50 |
| 2 | To augment the capital base and provide for the fund requirements for increasing the operational scale with respect to the NBFC activities | 2.00 |
| 3 | Issue related Expenses | 0.50 |
| KPI | |
|---|---|
| RoNW | 0.25% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 46.88% | 35.76% |
| Market Cap | ₹19.44 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursements of Market Making fees, selling commissions, brokerages, and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.40 |
| 2 | Printing & Stationery, Distribution, Postage,etc. | 0.04 |
| 3 | Advertisement and Marketing Expenses | 0.03 |
| 4 | Regulatory and other Expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹10.00 |
| Low | ₹10.00 |
| High | ₹10.50 |
| Last Trade | ₹10.50 |
Lead Manager Reports
India Finsec IPO is a SME IPO of 60,00,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on Fri, May 24, 2013, and closes on Tue, May 28, 2013.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in India Finsec IPO using UPI as a payment gateway. Zerodha customers can apply in India Finsec IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in India Finsec IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The India Finsec IPO opens on Fri, May 24, 2013 and closes on Tue, May 28, 2013.
India Finsec IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in India Finsec IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for India Finsec IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the India Finsec IPO allotment status.
The India Finsec IPO listing date is on Tue, Jun 11, 2013.
