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S R G Securities Finance IPO is a fixed price issue of ₹5.02 crores. The issue is entirely a fresh issue of 0.25 crore shares of ₹5.02 crore.
S R G Securities Finance IPO bidding started from Oct 7, 2013 and ended on Oct 14, 2013. The shares got listed on BSE SME on Oct 29, 2013.
S R G Securities Finance IPO price is ₹20.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Aryaman Financial Services Ltd. is the book running lead manager and Sharex Dynamic (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is ISJ Securities Pvt.Ltd..
Refer to S R G Securities Finance IPO RHP for detailed Information.
| IPO Date | October 7, 2013 to October 14, 2013 |
| Listing Date | October 29, 2013 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 25,08,000 shares (aggregating up to ₹5.02 Cr) |
| Reserved for Market Maker | 1,38,000 shares ISJ Securities Pvt.Ltd. (aggregating up to ₹0.2760 Cr) |
| Reserved for Private Promoter | 3,90,000 shares (aggregating up to ₹0.7800 Cr) |
| Net Offered to Public | 19,80,000 shares (aggregating up to ₹3.96 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 13,67,400 shares |
| Share Holding Post Issue | 38,75,400 shares |
SRG Securities Finance IPO offers total 21,18,000 shares. Out of which 9,90,000 (46.74%) allocated to NII, 9,90,000 (46.74%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,38,000 (6.52%) |
| NII (HNI) Shares Offered | 9,90,000 (46.74%) |
| Retail Shares Offered | 9,90,000 (46.74%) |
| Total Shares Offered | 21,18,000 (100.00%) |
S R G Securities Finance IPO opens on October 7, 2013, and closes on October 14, 2013.
| IPO Open Date | Mon, Oct 7, 2013 |
| IPO Close Date | Mon, Oct 14, 2013 |
| Tentative Listing Date | Tue, Oct 29, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Oct 14, 2013 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1995, SRG Securities Finance Ltd is a Non Deposit taking Non-systemically Important Non Banking Finance Company (NBFC-ND-NSI) engaged primarily in the business of Asset Financing by offering:
1. Business Loans
2. Equipment and Machinery Loan / Loan against Equipment and Machinery
3. Vehicle Loans / Loans against Vehicle
They provide financial Assistance for purchase of infrastructure, mining and construction Equipments and Machinery, Heavy and other Transport Vehicles, Business Loans and other loan products to various companies, firms and even to Individual business owners engaged in mining, construction and transportation, and big & small businessmen.
The Company S R G Securities Finance 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 the fund requirements for increasing the operational scale with respect to the NBFC activities | 4.50 |
[Dilip Davda] <p>Merchant banker has poor track record for its past mandates and thus, it is now worth applying for this offer.</p> Read detail review...
| Listing Date | October 29, 2013 |
| BSE Script Code | 536710 |
| NSE Symbol | |
| ISIN | INE326P01 |
| Final Issue Price | ₹20 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹23.90 |
| Low | ₹22.75 |
| High | ₹25.05 |
| Last Trade | ₹24.25 |
S R G Securities Finance Ltd.
322, S. M. Lodha Complex,
Near Shastri Circle,
Udaipur-313001, Rajasthan
Udaipur, Rajasthan
Phone: +91–294–2412 609
Email: srgsecurities@gmail.com
Website: http://www.srgfin.com
Sharex Dynamic (India) Pvt.Ltd.
Phone: +91- 22 - 2851 5606
Email: sharexindia@vsnl.com
Website:
S R G Securities Finance IPO is a SME IPO of 25,08,000 equity shares of the face value of ₹10 aggregating up to ₹5.02 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on October 7, 2013, and closes on October 14, 2013.
Sharex Dynamic (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in S R G Securities Finance IPO using UPI as a payment gateway. Zerodha customers can apply in S R G Securities Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in S R G Securities Finance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The S R G Securities Finance IPO opens on October 7, 2013 and closes on October 14, 2013.
S R G Securities Finance IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in S R G Securities Finance 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 S R G Securities Finance IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the S R G Securities Finance IPO allotment status.
The S R G Securities Finance IPO listing date is on Tuesday, October 29, 2013.
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