Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Tue, Mar 10, 2015 - Thu, Mar 12, 2015
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Mar 10, 2015
IPO Close
Thu, Mar 12, 2015
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹3.79 Cr
| IPO Date | 10 to 12 Mar, 2015 |
| Listed on | Mon, Mar 16, 2015 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 7,50,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 42,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.0840 Cr) |
| Fresh Issue (Ex Market Maker) | 7,08,000 shares (agg. up to ₹1 Cr) |
| Net Offered to Public | 7,08,000 shares (agg. up to ₹1 Cr) |
| Share Holding Pre Issue | 11,43,200 shares |
| Share Holding Post Issue | 18,93,200 shares |
| BSE Script Code | 539026 |
| ISIN | INE820R01017 |
SSPN Finance IPO comprises a total issue size of 7,50,000 shares. The net offer to the public is 7,08,000 shares, after excluding 42,000 shares allotted on a firm basis. Of the Net offer 3,54,000 (50.00%) allocated to NII 3,54,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,54,000 | 50.00% | 47.20% |
| Retail Shares Offered | 3,54,000 | 50.00% | 47.20% |
| Firm Reservations | |||
| Market Maker Shares Offered | 42,000 | 5.60% | |
| Total Shares Offered | 7,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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.
| 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 | Augmenting long term working capital | 1.15 |
| 2 | Public Issue Expenses | 0.35 |
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, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Advisors, Registrars, Bankers etc and other out of pocket expenses. | 0.27 |
| 2 | Printing & Stationery, Postage Expenses and Marketing & Advertisement Expenses | 0.05 |
| 3 | Regulatory fees and other expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹15.00 |
| Low | ₹14.25 |
| High | ₹15.00 |
| Last Trade | ₹14.40 |
Lead Manager Reports
SSPN Finance IPO is a SME IPO of 7,50,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Tue, Mar 10, 2015, and closes on Thu, Mar 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 Tue, Mar 10, 2015 and closes on Thu, Mar 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 Mon, Mar 16, 2015.
