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Sangam Advisors IPO is a fixed price issue of ₹5.10 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹5.10 crore.
Sangam Advisors IPO bidding started from Jul 24, 2012 and ended on Jul 26, 2012. The shares got listed on BSE SME on Aug 9, 2012.
Sangam Advisors IPO price is ₹22.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,64,000.
Aryaman Financial Services Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is K.M.Jain Stock Brokers Pvt.Ltd..
Refer to Sangam Advisors IPO RHP for detailed Information.
| IPO Date | July 24, 2012 to July 26, 2012 |
| Listing Date | August 9, 2012 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹22 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 23,16,000 shares (aggregating up to ₹5.10 Cr) |
| Reserved for Market Maker | 3,42,000 shares K.M.Jain Stock Brokers Pvt.Ltd. (aggregating up to ₹0.7524 Cr) |
| Net Offered to Public | 19,74,000 shares (aggregating up to ₹4.34 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 37,98,875 shares |
| Share Holding Post Issue | 61,02,875 shares |
Sangam Advisors IPO offers total 23,04,000 shares. Out of which 9,81,000 (42.58%) allocated to NII, 9,81,000 (42.58%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,42,000 (14.84%) |
| NII (HNI) Shares Offered | 9,81,000 (42.58%) |
| Retail Shares Offered | 9,81,000 (42.58%) |
| Total Shares Offered | 23,04,000 (100.00%) |
Sangam Advisors IPO opens on July 24, 2012, and closes on July 26, 2012.
| IPO Open Date | Tue, Jul 24, 2012 |
| IPO Close Date | Thu, Jul 26, 2012 |
| Tentative Listing Date | Thu, Aug 9, 2012 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jul 26, 2012 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,32,000 |
| Retail (Max) | 1 | 6,000 | ₹1,32,000 |
| HNI (Min) | 2 | 12,000 | ₹2,64,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Sangam Advisors Ltd is incorporated in 1999 and engaged in the business of providing diversified financial services with primary focus in assisting small and medium enterprises (SMEs) in corporate and non corporate sector in their financial planning and arranging funds for them. They are also engaged in the business of investing in shares and other securities.
Service Offered by Sangam Advisors Ltd Includes:
1. Debt Syndication Advisory Services
2. Corporate Advisory
3. Investment in Shares / Debentures / Bonds
| KPI | Values |
|---|---|
| RoNW | 5.07% |
The Company Sangam Advisors 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 | Investments in listed / unlisted securities and financial products | 4.55 |
| 2 | Issue expenses | 0.42 |
| 3 | General Corporate Expenses | 0.10 |
[Dilip Davda] <p><strong><span style="text-decoration: underline;">Only HNIs' with surplus funds can opt for this IPO for listing gains, if any, as current market scenario is not in favor for this offer at the asking price.</span></strong></p> Read detail review...
| Listing Date | August 9, 2012 |
| BSE Script Code | 534618 |
| NSE Symbol | |
| ISIN | INE299N01013 |
| Final Issue Price | ₹22 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹22.00 |
| Open | ₹23.05 |
| Low | ₹22.00 |
| High | ₹23.05 |
| Last Trade | ₹22.10 |
Sangam Advisors Ltd.
33/34 3rd Flr Printing House,
28-D Police Court Lane Fort,
Mumbai - 400001, Maharashtra
Mumbai, Maharashtra
Phone: 91-22-22621318
Email: info@sangamadvisors.com
Website: http://www.sangamadvisors.com
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: busicomp@vsnl.com
Website: https://www.purvashare.com/investor-service/ipo-query
Sangam Advisors IPO is a SME IPO of 23,16,000 equity shares of the face value of ₹10 aggregating up to ₹5.10 Crores. The issue is priced at ₹22 per share. The minimum order quantity is 6000.
The IPO opens on July 24, 2012, and closes on July 26, 2012.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sangam Advisors IPO using UPI as a payment gateway. Zerodha customers can apply in Sangam Advisors IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sangam Advisors IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sangam Advisors IPO opens on July 24, 2012 and closes on July 26, 2012.
Sangam Advisors IPO lot size is 6000, and the minimum amount required for application is ₹1,32,000.
You can apply in Sangam Advisors 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 Sangam Advisors IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sangam Advisors IPO allotment status.
The Sangam Advisors IPO listing date is on Thursday, August 9, 2012.
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