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SecMark Consultancy IPO is a fixed price issue of ₹15.04 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹15.04 crore.
SecMark Consultancy IPO bidding started from Sep 18, 2020 and ended on Sep 23, 2020. The allotment for SecMark Consultancy IPO was finalized on Sep 28, 2020. The shares got listed on BSE SME on Oct 1, 2020.
SecMark Consultancy IPO price is ₹135.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,70,000.
Indorient Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Vijeta Broking India Pvt.Ltd..
Refer to SecMark Consultancy IPO RHP for detailed Information.
| IPO Date | September 18, 2020 to September 23, 2020 |
| Listing Date | October 1, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹135 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 11,14,000 shares (aggregating up to ₹15.04 Cr) |
| Reserved for Market Maker | 56,000 shares Vijeta Broking India Pvt.Ltd. (aggregating up to ₹0.7560 Cr) |
| Net Offered to Public | 10,58,000 shares (aggregating up to ₹14.28 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 30,10,000 shares |
| Share Holding Post Issue | 41,24,000 shares |
SecMark SME IPO offers total 11,14,000 shares. Out of which 5,29,000 (47.49%) allocated to NII, 5,29,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 56,000 (5.03%) |
| NII (HNI) Shares Offered | 5,29,000 (47.49%) |
| Retail Shares Offered | 5,29,000 (47.49%) |
| Total Shares Offered | 11,14,000 (100.00%) |
SecMark Consultancy IPO opens on September 18, 2020, and closes on September 23, 2020.
| IPO Open Date | Fri, Sep 18, 2020 |
| IPO Close Date | Wed, Sep 23, 2020 |
| Tentative Allotment | Mon, Sep 28, 2020 |
| Initiation of Refunds | Wed, Sep 30, 2020 |
| Credit of Shares to Demat | Wed, Sep 30, 2020 |
| Tentative Listing Date | Thu, Oct 1, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 23, 2020 |
Investors can bid for a minimum of 1,000 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 | 1,000 | ₹1,35,000 |
| Retail (Max) | 1 | 1,000 | ₹1,35,000 |
| HNI (Min) | 2 | 2,000 | ₹2,70,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2011, SecMark Consultancy Ltd is a Mumbai-based financial service company. It is a one-stop-shop that offers multiple services in the area of setting up a business to regulatory registration, software development, compliance, outsourcing, risk management, taxation, and legal matters.
In FY 2019-20, company has serviced more than 200 clients including stock and commodity brokers, depository participants, investment advisors, research analysts, wealth managers, stock exchanges, corporate agents, insurance brokers, banks, NBFCs, etc. are the key corporate clients of SecMark Consultancy. Angel One, 5paisa Capital Ltd, BSE Limited, A.K. Capital Services Ltd, ICICI Securities Ltd, TCS Ltd, Zerodha Investment Advisors LLP, etc. are few of the names of SecMark client base.
Company has nationwide footprints through local representatives at New Delhi, Indore, Ahmedabad, Jaipur, Chandigarh, Bangalore, Raipur, and others.
Competitive Strength
• Large client base
• Diversified products & service portfolio
• Highly qualified and experienced team
| Particulars | For the year/period ended (Rs in lakhs) | ||||
|---|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |||
| Total Assets | 610.80 | 492.43 | 293.38 | ||
| Total Revenue | 574.74 | 389.99 | 329.33 | ||
| Profit After Tax | 116.32 | 96.97 | 86.59 | ||
The Company SecMark Consultancy 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 | To finance development and/or procurement of technology, applications, software, infrastructure etc. including strategic acquisitions of Firms/Companies in the technology space to complement and enhance our Company’s value proposition | 4.60 |
| 2 | To expand and retain our Leadership team that will lead the Company into the next phase of growth | 3.00 |
| 3 | To acquire / rent assets | 1.50 |
| 4 | Repayment of bank facilities | 1.50 |
| 5 | General corporate purposes | 3.40 |
[Dilip Davda] Although the company has blue-chip clients in its list, expensive pricing of the issue is going against it. Current financial data is not matching the asking price. Cash surplus, risk savvy investors may consider investment at their own risk. Read detail review...
| Listing Date | October 1, 2020 |
| BSE Script Code | 543234 |
| NSE Symbol | SECMARK |
| ISIN | INE0BTM01013 |
| Final Issue Price | ₹135 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹135.00 |
| Open | ₹134.00 |
| Low | ₹127.30 |
| High | ₹134.00 |
| Last Trade | ₹127.30 |
SecMark Consultancy Ltd.
Plot No 36/ 227, RDP-10, CTS-1C/1/640
Sector-6, Charkop, Near Ambamata Mandir,
Kandivali,
Mumbai, Maharashtra, 400067
Phone: 91-9820463889
Email: sunil@secmark.in
Website: https://www.secmark.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
SecMark Consultancy IPO is a SME IPO of 11,14,000 equity shares of the face value of ₹10 aggregating up to ₹15.04 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 1000.
The IPO opens on September 18, 2020, and closes on September 23, 2020.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in SecMark Consultancy IPO using UPI as a payment gateway. Zerodha customers can apply in SecMark Consultancy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SecMark Consultancy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SecMark Consultancy IPO opens on September 18, 2020 and closes on September 23, 2020.
SecMark Consultancy IPO lot size is 1000, and the minimum amount required for application is ₹1,35,000.
You can apply in SecMark Consultancy 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 SecMark Consultancy IPO will be done on Monday, September 28, 2020, and the allotted shares will be credited to your demat account by Wednesday, September 30, 2020. Check the SecMark Consultancy IPO allotment status.
The SecMark Consultancy IPO listing date is on Thursday, October 1, 2020.
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