Bookbuilding IPO | ₹148 Cr | Listed at BSE, NSE | Fri, Sep 17, 2010 - Tue, Sep 21, 2010
Microsec Financial IPO is a book build issue of ₹147.50 crores. The issue is entirely a fresh issue of 1.25 crore shares of ₹147.50 crore.
Microsec Financial IPO bidding started from Sep 17, 2010 and ended on Sep 21, 2010. The shares got listed on BSE, NSE on Oct 5, 2010.
Microsec Financial IPO price band is set at ₹118 per share. The lot size for an application is 52. The minimum amount of investment required by an retail is ₹6,136 (52 shares) (based on upper price). The lot size investment for sNII is 33 lots (1,716 shares), amounting to ₹2,02,488, and for bNII, it is 163 lots (8,476 shares), amounting to ₹10,00,168.
SBI Capital Markets Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Microsec Financial IPO RHP for detailed Information.
IPO Open
Fri, Sep 17, 2010
IPO Close
Tue, Sep 21, 2010
Issue Price
₹118 per share
Market Cap (Pre-IPO)
₹375.36 Cr
| IPO Date | 17 to 21 Sep, 2010 |
| Listed on | Tue, Oct 5, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹113 to ₹118 |
| Issue Price | ₹118 per share |
| Lot Size | 52 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,25,00,000 shares (agg. up to ₹148 Cr) |
| Fresh Issue | 1,25,00,000 shares (agg. up to ₹148 Cr) |
| Share Holding Pre Issue | 1,93,10,500 shares |
| Share Holding Post Issue | 3,18,10,500 shares |
| BSE Script Code / NSE Symbol | 533259 / SASTASUNDR |
| ISIN | INE019J01013 |
Microsec Financial IPO comprises a total issue size of 1,25,00,000 shares. Out of which, 62,50,000 (50.00%) are allocated to QIB, 18,75,000 (15.00%) allocated to NII 43,75,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 62,50,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 18,75,000 | 15.00% | NA |
| Retail Shares Offered | 43,75,000 | 35.00% | 84,134 |
| Total Shares Offered | 1,25,00,000 | 100.00% |
Investors can bid for a minimum of 52 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 52 | ₹6,136 |
| Retail (Max) | 32 | 1,664 | ₹1,96,352 |
| S-HNI (Min) | 33 | 1,716 | ₹2,02,488 |
| S-HNI (Max) | 162 | 8,424 | ₹9,94,032 |
| B-HNI (Min) | 163 | 8,476 | ₹10,00,168 |
Incorporated in 1989, Microsec Financial Services Ltd is a financial services company engaged in the business of financing and investment, investment banking and related services, brokerage and related services, wealth management, insurance broking, financial planning and related services.
They operate through the Issuer, Microsec Financial Services Limited (“MFSL”), and its Subsidiaries, Microsec Capital Limited ("MCap"), Microsec Resources Private Limited ("MRPL"), Microsec Technologies Limited ("MTL"), Microsec Insurance Brokers Limited ("MIBL"), Microsec Commerze Limited ("MCL") and PRP Technologies Limited ("PRP").
The Issuer, MFSL, is a non-banking financial company registered with the RBI. MFSL is engaged in the business of financing, which primarily comprises giving loans against shares, and making investments. It is also the ultimate holding company of the Microsec Group, which operates as an integrated group in providing its various financial products and services to its target client base of retail investors, high net worth individuals, companies and institutions.
| 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 | Expand our Financing business. | 113.00 |
| 2 | Expand MCap’s domestic operations by increasing network of branches. | 8.00 |
| 3 | Enhance MCap’s existing technological capacity. | 7.50 |
| 4 | General corporate purposes. | 8.03 |
| KPI | |
|---|---|
| RoNW | 19.68% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 90.25% | 54.78% |
| Market Cap | ₹375.36 Cr. |
The Microsec Financial IPO is subscribed 12.2 times on September 21, 2010 5:00:00 PM (Day 3). The public issue subscribed 11.04 times in the retail category, 5.91 times in the QIB category, and 35.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 5.91 | 62,50,000 | |
| NII | 35.88 | 18,75,000 | |
| Retail | 11.04 | 43,75,000 | |
| Total | 12.2 | 1,25,00,000 |
CRISIL has assigned an IPO Grade 2 to Microsec Financial Services Ltd IPO. This means as per CRISIL company has 'Below Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Microsec Financial Services Ltd.
Microsec Financial Services Ltd IPO, Microsec Financial IPO, Microsec IPO Bidding, Microsec Financial Services IPO Allotment Status, Microsec drhp and Microsec Financial Services Ltd IPO listing.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager fee and underwriting expenses (including commission to SCSBs for ASBA Applications) | 6.63 |
| 2 | Registrar to the Issue | 0.05 |
| 3 | Advertising and marketing expenses | 1.25 |
| 4 | Printing and stationery | 1.18 |
| 5 | Others (SEBI filing fees, IPO grading expenses, legal fees, etc.) | 1.86 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹118.00 | ₹118.00 |
| Open | ₹135.10 | ₹130.00 |
| Low | ₹108.30 | ₹108.55 |
| High | ₹141.00 | ₹142.00 |
| Last Trade | ₹110.90 | ₹111.35 |
Lead Manager Reports
Microsec Financial IPO is a main-board IPO of 1,25,00,000 equity shares of the face value of ₹10 aggregating up to ₹148 Crores. The issue is priced at ₹118 per share. The minimum order quantity is 52.
The IPO opens on Fri, Sep 17, 2010, and closes on Tue, Sep 21, 2010.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Microsec Financial IPO using UPI as a payment gateway. Zerodha customers can apply in Microsec Financial IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Microsec Financial IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Microsec Financial IPO opens on Fri, Sep 17, 2010 and closes on Tue, Sep 21, 2010.
Microsec Financial IPO lot size is 52, and the minimum amount required for application is ₹6,136.
You can apply in Microsec Financial 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 Microsec Financial IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Microsec Financial IPO allotment status.
The Microsec Financial IPO listing date is on Tue, Oct 5, 2010.
