Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Wed, Mar 30, 2016 - Tue, Apr 5, 2016
Franklin Leasing IPO is a fixed price issue of ₹6.34 crores. The issue is entirely a fresh issue of 0.42 crore shares of ₹6.34 crore.
Franklin Leasing IPO bidding started from Mar 30, 2016 and ended on Apr 5, 2016. The shares got listed on BSE SME on Apr 13, 2016.
Franklin Leasing IPO price is ₹15 per share. The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (8000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (16,000 shares), amounting to ₹2,40,000.
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 Franklin Leasing IPO RHP for detailed Information.
IPO Open
Wed, Mar 30, 2016
IPO Close
Tue, Apr 5, 2016
Issue Price
₹15 per share
Market Cap (Pre-IPO)
₹23.67 Cr
| IPO Date | 30 Mar to 5 Apr, 2016 |
| Listed on | Wed, Apr 13, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹15 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 42,24,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 2,24,000 shares MSB E-Trade Securities Ltd. (agg. up to ₹0.3360 Cr) |
| Fresh Issue (Ex Market Maker) | 40,00,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 40,00,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 1,15,58,400 shares |
| Share Holding Post Issue | 1,57,82,400 shares |
| BSE Script Code | 539839 |
| ISIN | INE399S01010 |
Franklin Leasing IPO comprises a total issue size of 42,24,000 shares. The net offer to the public is 40,00,000 shares, after excluding 2,24,000 shares allotted on a firm basis. Of the Net offer 20,00,000 (50.00%) allocated to NII 20,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 20,00,000 | 50.00% | 47.35% |
| Retail Shares Offered | 20,00,000 | 50.00% | 47.35% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,24,000 | 5.30% | |
| Total Shares Offered | 42,24,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 8,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8,000 | ₹1,20,000 |
| Retail (Max) | 1 | 8,000 | ₹1,20,000 |
| HNI (Min) | 2 | 16,000 | ₹2,40,000 |
Incorporated in 1992, Franklin Leasing and Finance Ltd is Non Deposit taking Non-systemically Important Non Banking Finance Company (NBFC-ND-NSI) engaged primarily in the business of advancing loans and investing/trading in securities.
Company received its NBFC Registration in the year 2001. Hence, this company has been in the business of providing short term as well as longer duration loans and advances in the North Indian region for around a decade.
The company is planning to expand its portfolio of products and services by introducing products such as Loans against Property, IPO Funding, Financial and Management Consultancy in addition with the existing products of Unsecured ICD Loans and Personal Loans. Company has plan to continue to sell our products and services to existing corporate client base and further target other High Net Worth Individuals and Firms with impeccable credit track record to whom the company may advance funds both secured/ unsecured based on the risk profile and as envisaged in the loan policy of the company.
| 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 | To augment our capital base and provide for our fund requirements for increasing our operational scale with respect to our NBFC activities | 5.89 |
| KPI | |
|---|---|
| RoNW | 0.23% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 36.83% | 26.98% |
| Market Cap | ₹23.67 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. | 0.25 |
| 2 | Printing & Stationery, Distribution, Postage, etc. | 0.04 |
| 3 | Advertisement and Marketing Expenses | 0.04 |
| 4 | Regulatory and other Expenses | 0.12 |
Date: 29 Sep 2015
This is in reference to the captioned public issue of the Company which was scheduled to open for subscription on September 30, 2015 and close on October 6, 2015. Trading members are informed that the BRLM to the issue of Franklin Leasing and Finance Ltd has informed the Exchange that the Company has decided to defer the Public Issue & shall not be proceeding with the issue programme.
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹15.00 |
| Open | ₹15.10 |
| Low | ₹15.05 |
| High | ₹15.20 |
| Last Trade | ₹15.05 |
Lead Manager Reports
Franklin Leasing IPO is a SME IPO of 42,24,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000.
The IPO opens on Wed, Mar 30, 2016, and closes on Tue, Apr 5, 2016.
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 Franklin Leasing IPO using UPI as a payment gateway. Zerodha customers can apply in Franklin Leasing IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Franklin Leasing IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Franklin Leasing IPO opens on Wed, Mar 30, 2016 and closes on Tue, Apr 5, 2016.
Franklin Leasing IPO lot size is 8000, and the minimum amount required for application is ₹1,20,000.
You can apply in Franklin Leasing 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 Franklin Leasing IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Franklin Leasing IPO allotment status.
The Franklin Leasing IPO listing date is on Wed, Apr 13, 2016.
