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Satkar Finlease IPO is a fixed price issue of ₹13.51 crores. The issue is entirely a fresh issue of 0.75 crore shares of ₹13.51 crore.
Satkar Finlease IPO bidding started from Sep 25, 2013 and ended on Sep 27, 2013. The shares got listed on BSE SME on Oct 11, 2013.
Satkar Finlease IPO price is ₹18.00 per share . The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (8000 shares). The minimum lot size investment for HNI is 2 lots (16,000 shares), amounting to ₹2,88,000.
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue. The market maker of the company is Guiness Securities Ltd..
Refer to Satkar Finlease IPO RHP for detailed Information.
| IPO Date | September 25, 2013 to September 27, 2013 |
| Listing Date | October 11, 2013 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹18 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 75,04,000 shares (aggregating up to ₹13.51 Cr) |
| Reserved for Market Maker | 3,84,000 shares Guiness Securities Ltd. (aggregating up to ₹0.6912 Cr) |
| Net Offered to Public | 71,20,000 shares (aggregating up to ₹12.82 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,15,40,000 shares |
| Share Holding Post Issue | 1,90,44,000 shares |
Satkar Finlease IPO offers total 75,04,000 shares. Out of which 35,60,000 (47.44%) allocated to NII, 35,60,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,84,000 (5.12%) |
| NII (HNI) Shares Offered | 35,60,000 (47.44%) |
| Retail Shares Offered | 35,60,000 (47.44%) |
| Total Shares Offered | 75,04,000 (100.00%) |
Satkar Finlease IPO opens on September 25, 2013, and closes on September 27, 2013.
| IPO Open Date | Wed, Sep 25, 2013 |
| IPO Close Date | Fri, Sep 27, 2013 |
| Tentative Listing Date | Fri, Oct 11, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 27, 2013 |
Investors can bid for a minimum of 8,000 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 | 8,000 | ₹1,44,000 |
| Retail (Max) | 1 | 8,000 | ₹1,44,000 |
| HNI (Min) | 2 | 16,000 | ₹2,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1996, Satkar Finlease Ltd is a non-deposit taking, NBFC and is in the business of providing financial services. Company provides inter corporate loans, personal loans, loans against shares & securities, loans against properties, trade financing, bills discounting, trading in shares & securities and arbitrage business in stock and commodity market.
Company is a non deposit taking, NBFC, registered with the RBI, New Delhi vide Registration No.B-14.01661. Company offers financial services to commercial, industrial and financial clients. Being an, NBFC it has positioned itself between the organized banking sector and local money lenders, offering the customers competitive, flexible and timely lending services.
| KPI | Values |
|---|---|
| RoNW | 0.53% |
The Company Satkar Finlease 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 | Capital for financing activities to boost NBFC operations | 11.30 |
| 2 | Brand building & promotional activities | 0.60 |
| 3 | General corporate purposes | 1.00 |
| 4 | Public Issue Expenses | 0.61 |
[Dilip Davda] Being exorbitantly pricing, Avoid this IPO. For 2012-13 earnings on fully diluted equity of Rs. 19.04 crore then the EPS stands at just Rs. 0.01 per share thus the asking price is at 1800+ P/E. Its NAV is at s. 65.10 as on 31.03.13 and will get diluted to Rs. 19.54 post this issue. Read detail review...
| Listing Date | October 11, 2013 |
| BSE Script Code | 536592 |
| NSE Symbol | |
| ISIN | INE279P01028 |
| Final Issue Price | ₹18 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹18.00 |
| Open | ₹19.90 |
| Low | ₹19.90 |
| High | ₹20.85 |
| Last Trade | ₹20.85 |
Satkar Finlease Ltd.
829, Laxmideep Building,
8th Floor, Laxmi Nagar District Center,
Laxmi Nagar,
Delhi, New Delhi, 110092
Phone: 91-11- 329337170
Email: satkarfinlease@yahoo.com
Website: http://www.satkarfinlease.com
MAS Services Ltd.
Phone: (011) 2610 4142
Email: info@masserv.com
Website: https://www.masserv.com/opt.asp
Satkar Finlease IPO is a SME IPO of 75,04,000 equity shares of the face value of ₹10 aggregating up to ₹13.51 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000.
The IPO opens on September 25, 2013, and closes on September 27, 2013.
MAS Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Satkar Finlease IPO using UPI as a payment gateway. Zerodha customers can apply in Satkar Finlease IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Satkar Finlease IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Satkar Finlease IPO opens on September 25, 2013 and closes on September 27, 2013.
Satkar Finlease IPO lot size is 8000, and the minimum amount required for application is ₹1,44,000.
You can apply in Satkar Finlease 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 Satkar Finlease IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Satkar Finlease IPO allotment status.
The Satkar Finlease IPO listing date is on Friday, October 11, 2013.
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