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SPS Finquest IPO is a fixed price issue of ₹25.09 crores. The issue is entirely a fresh issue of 0.33 crore shares of ₹25.09 crore.
SPS Finquest IPO bidding started from May 21, 2014 and ended on May 23, 2014. The shares got listed on BSE SME on Jun 3, 2014.
SPS Finquest IPO price is ₹75.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,40,000.
Monarch Networth Capital Ltd. is the book running lead manager and Universal Capital Securities Pvt.Ltd. is the registrar of the issue. The market maker of the company is Wellworth Share & Stock Broking Ltd..
Refer to SPS Finquest IPO RHP for detailed Information.
| IPO Date | May 21, 2014 to May 23, 2014 |
| Listing Date | June 3, 2014 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 33,45,600 shares (aggregating up to ₹25.09 Cr) |
| Reserved for Market Maker | 1,68,000 shares Wellworth Share & Stock Broking Ltd. (aggregating up to ₹1.26 Cr) |
| Reserved for Private Promoter | 5,15,200 shares (aggregating up to ₹4 Cr) |
| Net Offered to Public | 26,62,400 shares (aggregating up to ₹19.97 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 11,60,100 shares |
| Share Holding Post Issue | 45,04,100 shares |
SPS Finquest IPO offers total 28,28,800 shares. Out of which 13,30,400 (47.03%) allocated to NII, 13,30,400 (47.03%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,68,000 (5.94%) |
| NII (HNI) Shares Offered | 13,30,400 (47.03%) |
| Retail Shares Offered | 13,30,400 (47.03%) |
| Total Shares Offered | 28,28,800 (100.00%) |
SPS Finquest IPO opens on May 21, 2014, and closes on May 23, 2014.
| IPO Open Date | Wed, May 21, 2014 |
| IPO Close Date | Fri, May 23, 2014 |
| Tentative Listing Date | Tue, Jun 3, 2014 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, May 23, 2014 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,20,000 |
| Retail (Max) | 1 | 1,600 | ₹1,20,000 |
| HNI (Min) | 2 | 3,200 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1996, SPS Finquest Ltd is a Non-Banking Finance Company (NBFC-ND) engaged primarily in the business of advancing loans and investing/trading in securities. Company provides loans against securities and also in financing investments and trading in securities and thus is in high risk low income field.
SPS Finquest Ltd is a part of SPS group and proposes to provide loan products like IPO financing and loan against gold and commodities etc. Company provides its shareholders with the opportunity to participate in a diverse portfolio of investments and gain access to a defined investment process and the investment experience of the management team. Company is the NBFC Arm promoted by the Shah Family in order to carry out their financing and investment activities and in order to bring in the benefits of synergies from their brokerage and other businesses.
| KPI | Values |
|---|---|
| RoNW | 0.04% |
The Company SPS Finquest 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 augment the capital base and provide for repayment of existing high cost debt | 24.73 |
| 2 | Public Issue Expenses | 0.35 |
[Dilip Davda] <p> </p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="font-family: Calibri;"><span style="font-size: medium;">Avoid this highly priced issue that also has entry barrier.</span><span style="mso-spacerun: yes;"><span style="font-size: medium;"> </span></span></span></strong></p> Read detail review...
| Listing Date | June 3, 2014 |
| BSE Script Code | 538402 |
| NSE Symbol | |
| ISIN | INE502O01018 |
| Final Issue Price | ₹75 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹78.00 |
| Low | ₹75.50 |
| High | ₹78.00 |
| Last Trade | ₹75.55 |
SPS Finquest Ltd.
R-514, 5th Floor, Rotunda Building,
B.S.Marg,
Fort,
Mumbai, Maharashtra, 40000
Phone: 022-40224951/52/53
Email: info@spsfinquest.co.in
Website: http://www.spsfinquest.co.in
Universal Capital Securities Pvt.Ltd.
Phone: +91-22-28207203
Email: ravi@unisec.in
Website: http://www.unisec.in
SPS Finquest IPO is a SME IPO of 33,45,600 equity shares of the face value of ₹10 aggregating up to ₹25.09 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on May 21, 2014, and closes on May 23, 2014.
Universal Capital Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in SPS Finquest IPO using UPI as a payment gateway. Zerodha customers can apply in SPS Finquest IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SPS Finquest IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SPS Finquest IPO opens on May 21, 2014 and closes on May 23, 2014.
SPS Finquest IPO lot size is 1600, and the minimum amount required for application is ₹1,20,000.
You can apply in SPS Finquest 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 SPS Finquest IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the SPS Finquest IPO allotment status.
The SPS Finquest IPO listing date is on Tuesday, June 3, 2014.
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