Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Tue, Jul 24, 2012 - Thu, Jul 26, 2012
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Jul 24, 2012
IPO Close
Thu, Jul 26, 2012
Issue Price
₹22 per share
Market Cap (Pre-IPO)
₹13.43 Cr
| IPO Date | 24 to 26 Jul, 2012 |
| Listed on | Thu, Aug 9, 2012 |
| Face Value | ₹10 per share |
| Issue Price | ₹22 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 23,16,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 3,42,000 shares K.M.Jain Stock Brokers Pvt.Ltd. (agg. up to ₹0.7524 Cr) |
| Fresh Issue (Ex Market Maker) | 19,74,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 19,74,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 37,98,875 shares |
| Share Holding Post Issue | 61,02,875 shares |
| BSE Script Code | 534618 |
| ISIN | INE299N01013 |
Sangam Advisors IPO comprises a total issue size of 23,04,000 shares. The net offer to the public is 19,62,000 shares, after excluding 3,42,000 shares allotted on a firm basis. Of the Net offer 9,81,000 (50.00%) allocated to NII 9,81,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,81,000 | 50.00% | 42.58% |
| Retail Shares Offered | 9,81,000 | 50.00% | 42.58% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,42,000 | 14.84% | |
| Total Shares Offered | 23,04,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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 |
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
| 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 | Investments in listed / unlisted securities and financial products | 4.55 |
| 2 | Issue expenses | 0.42 |
| 3 | General Corporate Expenses | 0.10 |
| KPI | |
|---|---|
| RoNW | 5.07% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 50.51% | 31.44% |
| Market Cap | ₹13.43 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 | Payment to Merchant Banker including fees and reimbursements of selling commissions, Underwriting, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses | 0.22 |
| 2 | Printing and Stationery and postage expenses | 0.06 |
| 3 | Advertising and Marketing expenses | 0.05 |
| 4 | Regulatory fees and expenses | 0.08 |
| 5 | Other Expenses | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹22.00 |
| Open | ₹23.05 |
| Low | ₹22.00 |
| High | ₹23.05 |
| Last Trade | ₹22.10 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Sangam Advisors IPO is a SME IPO of 23,16,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹22 per share. The minimum order quantity is 6000.
The IPO opens on Tue, Jul 24, 2012, and closes on Thu, Jul 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 Tue, Jul 24, 2012 and closes on Thu, Jul 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 Thu, Aug 9, 2012.
