Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
SSPN Finance IPO is a fixed price issue of ₹1.50 crores. The issue is entirely a fresh issue of 0.08 crore shares of ₹1.50 crore.
SSPN Finance IPO bidding started from Mar 10, 2015 and ended on Mar 12, 2015. The shares got listed on BSE SME on Mar 16, 2015.
SSPN 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.
First Overseas Capital 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 Choice Equity Broking Pvt.Ltd..
Refer to SSPN Finance IPO RHP for detailed Information.
| IPO Date | March 10, 2015 to March 12, 2015 |
| Listing Date | March 16, 2015 |
| 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 | 7,50,000 shares (aggregating up to ₹1.50 Cr) |
| Reserved for Market Maker | 42,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.0840 Cr) |
| Net Offered to Public | 7,08,000 shares (aggregating up to ₹1.42 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 11,43,200 shares |
| Share Holding Post Issue | 18,93,200 shares |
SSPN Finance IPO offers total 7,50,000 shares. Out of which 3,54,000 (47.20%) allocated to NII, 3,54,000 (47.20%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 42,000 (5.60%) |
| NII (HNI) Shares Offered | 3,54,000 (47.20%) |
| Retail Shares Offered | 3,54,000 (47.20%) |
| Total Shares Offered | 7,50,000 (100.00%) |
SSPN Finance IPO opens on March 10, 2015, and closes on March 12, 2015.
| IPO Open Date | Tue, Mar 10, 2015 |
| IPO Close Date | Thu, Mar 12, 2015 |
| Tentative Listing Date | Mon, Mar 16, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 12, 2015 |
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 |
Incorporated in 2012, SSPN Finance is a financial services company offers corporate and financial advisory services which includes Project Advisory, Loan Syndication, Mergers & Acquisitions and Private Equity. The Corporate Advisory services clients ranging from medium-sized corporates, SMEs and family managed businesses.
They are also engaged in making investment in the form of Debt & Equity in various companies. They also fund the requirements of clients and business associates by providing short term loans and advances to them and earning interest income from the same. These advances are made typically in known circle and through proper reference checks. Also they provide real estate advisory services. They provide efficient, low-cost, secure investment strategies to investors both individual and institutional across Mumbai to meet their financial objectives.
The Company SSPN 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 | Augmenting long term working capital | 1.15 |
| 2 | Public Issue Expenses | 0.35 |
[Dilip Davda] <p>This SME offer is with entry barriers and the low preference for SME IPOs by the broking community at large. However, investors with surplus funds may invest at their own discretion for long term, bearing in mind that stock market investments are linked to market risks. The author has no plans to invest in this IPO.</p> Read detail review...
| Listing Date | March 16, 2015 |
| BSE Script Code | 539026 |
| NSE Symbol | |
| ISIN | INE820R01017 |
| Final Issue Price | ₹20 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹15.00 |
| Low | ₹14.25 |
| High | ₹15.00 |
| Last Trade | ₹14.40 |
SSPN Finance Ltd.
106, Siddhesh Apt, 2nd Khattar Gali,
Thakurdwar Road,
Charni Road (East), Mumbai
Mumbai, Maharashtra
Phone: +91 22 6127 5138
Email: sspnfinance@gmail.com
Website: http://www.sspn.co.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
SSPN Finance IPO is a SME IPO of 7,50,000 equity shares of the face value of ₹10 aggregating up to ₹1.50 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on March 10, 2015, and closes on March 12, 2015.
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 SSPN Finance IPO using UPI as a payment gateway. Zerodha customers can apply in SSPN Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SSPN Finance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SSPN Finance IPO opens on March 10, 2015 and closes on March 12, 2015.
SSPN Finance IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in SSPN 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 SSPN Finance IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the SSPN Finance IPO allotment status.
The SSPN Finance IPO listing date is on Monday, March 16, 2015.
Useful Articles
RHP