Fixed Price IPO | ₹14 Cr | Listed at BSE SME | Wed, Sep 25, 2013 - Fri, Sep 27, 2013
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Sep 25, 2013
IPO Close
Fri, Sep 27, 2013
Issue Price
₹18 per share
Market Cap (Pre-IPO)
₹34.28 Cr
| IPO Date | 25 to 27 Sep, 2013 |
| Listed on | Fri, Oct 11, 2013 |
| Face Value | ₹10 per share |
| Issue Price | ₹18 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 75,04,000 shares (agg. up to ₹14 Cr) |
| Reserved for Market Maker | 3,84,000 shares Guiness Securities Ltd. (agg. up to ₹0.6912 Cr) |
| Fresh Issue (Ex Market Maker) | 71,20,000 shares (agg. up to ₹13 Cr) |
| Net Offered to Public | 71,20,000 shares (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 1,15,40,000 shares |
| Share Holding Post Issue | 1,90,44,000 shares |
| BSE Script Code | 536592 |
| ISIN | INE279P01028 |
Satkar Finlease IPO comprises a total issue size of 75,04,000 shares. The net offer to the public is 71,20,000 shares, after excluding 3,84,000 shares allotted on a firm basis. Of the Net offer 35,60,000 (50.00%) allocated to NII 35,60,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 35,60,000 | 50.00% | 47.44% |
| Retail Shares Offered | 35,60,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,84,000 | 5.12% | |
| Total Shares Offered | 75,04,000 | 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 | ₹1,44,000 |
| Retail (Max) | 1 | 8,000 | ₹1,44,000 |
| HNI (Min) | 2 | 16,000 | ₹2,88,000 |
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.
| 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 | 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 |
| KPI | |
|---|---|
| RoNW | 0.53% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 37.17% | 22.53% |
| Market Cap | ₹34.28 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.
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹18.00 |
| Open | ₹19.90 |
| Low | ₹19.90 |
| High | ₹20.85 |
| Last Trade | ₹20.85 |
Lead Manager Reports
Satkar Finlease IPO is a SME IPO of 75,04,000 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000.
The IPO opens on Wed, Sep 25, 2013, and closes on Fri, Sep 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 Wed, Sep 25, 2013 and closes on Fri, Sep 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 Fri, Oct 11, 2013.
