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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 ₹10.00 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). The minimum lot size investment for 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 Date | May 24, 2013 to May 28, 2013 |
| Listing Date | June 11, 2013 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 60,00,000 shares (aggregating up to ₹6.00 Cr) |
| Reserved for Market Maker | 3,50,000 shares MSB E-Trade Securities Ltd. (aggregating up to ₹0.3500 Cr) |
| Reserved for Private Promoter | 6,50,000 shares (aggregating up to ₹0.6500 Cr) |
| Net Offered to Public | 50,00,000 shares (aggregating up to ₹5.00 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,34,41,715 shares |
| Share Holding Post Issue | 1,94,41,715 shares |
India Finsec IPO offers total 53,50,000 shares. Out of which 25,00,000 (46.73%) allocated to NII, 25,00,000 (46.73%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,50,000 (6.54%) |
| NII (HNI) Shares Offered | 25,00,000 (46.73%) |
| Retail Shares Offered | 25,00,000 (46.73%) |
| Total Shares Offered | 53,50,000 (100.00%) |
India Finsec IPO opens on May 24, 2013, and closes on May 28, 2013.
| IPO Open Date | Fri, May 24, 2013 |
| IPO Close Date | Tue, May 28, 2013 |
| Tentative Listing Date | Tue, Jun 11, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, May 28, 2013 |
Investors can bid for a minimum of 10,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| KPI | Values |
|---|---|
| RoNW | 0.25% |
The Company India Finsec IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] <p>Although the issue is at par value, it is not worth considering as minimum investment needed is Rs. 1 lakh and the ongoing fate of 2050 illiquid stocks and the thin volume of SME counters.</p> Read detail review...
| Listing Date | June 11, 2013 |
| BSE Script Code | 535667 |
| NSE Symbol | |
| ISIN | INE474O01010 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹10.00 |
| Low | ₹10.00 |
| High | ₹10.50 |
| Last Trade | ₹10.50 |
India Finsec Ltd.
D-16, 1st Floor,
Prashant Vihar,
Sector - 14,
Rohini, New Delhi, 110085
Phone: +91 –11- 45805612 / 47527
Email: info@indiafinsec.com
Website: http://www.indiafinsec.com
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: admin@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
India Finsec IPO is a SME IPO of 60,00,000 equity shares of the face value of ₹10 aggregating up to ₹6.00 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on May 24, 2013, and closes on 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 May 24, 2013 and closes on 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 Tuesday, June 11, 2013.
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