Fixed Price IPO | ₹25 Cr | Listed at BSE SME | Wed, May 21, 2014 - Fri, May 23, 2014
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, May 21, 2014
IPO Close
Fri, May 23, 2014
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹33.78 Cr
| IPO Date | 21 to 23 May, 2014 |
| Listed on | Tue, Jun 3, 2014 |
| Face Value | ₹10 per share |
| Issue Price | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 33,45,600 shares (agg. up to ₹25 Cr) |
| Reserved for Market Maker | 1,68,000 shares Wellworth Share & Stock Broking Ltd. (agg. up to ₹1 Cr) |
| Reserved for Private Promoter | 5,15,200 shares (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 26,62,400 shares (agg. up to ₹20 Cr) |
| Net Offered to Public | 26,62,400 shares (agg. up to ₹20 Cr) |
| Share Holding Pre Issue | 11,60,100 shares |
| Share Holding Post Issue | 45,04,100 shares |
| BSE Script Code | 538402 |
| ISIN | INE502O01018 |
SPS Finquest IPO comprises a total issue size of 28,28,800 shares. The net offer to the public is 21,45,600 shares, after excluding 6,83,200 shares allotted on a firm basis. Of the Net offer 13,30,400 (50.00%) allocated to NII 13,30,400 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,30,400 | 50.00% | 47.03% |
| Retail Shares Offered | 13,30,400 | 50.00% | 47.03% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,68,000 | 5.94% | |
| Private Promoter Shares Offered | 5,15,200 | 18.21% | |
| Total Shares Offered | 28,28,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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.
| 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 | To augment the capital base and provide for repayment of existing high cost debt | 24.73 |
| KPI | |
|---|---|
| RoNW | 0.04% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.95% | 37.18% |
| Market Cap | ₹33.78 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 Market Making Fees, underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses | 0.25 |
| 2 | Advertisement & Marketing Exp. | 0.02 |
| 3 | Printing & stationery and postage expenses | 0.05 |
| 4 | Regulatory fees& other Expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹78.00 |
| Low | ₹75.50 |
| High | ₹78.00 |
| Last Trade | ₹75.55 |
Lead Manager Reports
SPS Finquest IPO is a SME IPO of 33,45,600 equity shares of the face value of ₹10 aggregating up to ₹25 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on Wed, May 21, 2014, and closes on Fri, 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 Wed, May 21, 2014 and closes on Fri, 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 Tue, Jun 3, 2014.
