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Microsec Financial IPO is a book built issue of Rs 147.50 crores.
Microsec Financial IPO bidding started from September 17, 2010 and ended on September 21, 2010. The shares got listed on BSE, NSE on October 5, 2010.
Microsec Financial IPO price band is set at ₹113 to ₹118 per share. The minimum lot size for an application is 52 Shares. The minimum amount of investment required by retail investors is ₹6,136.
SBI Capital Markets Limited is the book running lead manager of the Microsec Financial IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Microsec Financial IPO RHP for detailed information.
| IPO Date | September 17, 2010 to September 21, 2010 |
| Listing Date | October 5, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹113 to ₹118 per share |
| Lot Size | 52 Shares |
| Total Issue Size | 12,500,000 shares (aggregating up to ₹147.50 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 19,310,500 |
| Share holding post issue | 31,810,500 |
Microsec Financial IPO offers 12,500,000 shares. 6,250,000 (50.00%) to QIB, 1,875,000 (15.00%) to NII, 4,375,000 (35.00%) to RII. 84,134 RIIs will receive minimum 52 shares and (sNII) and (bNII) will receive minimum 1,716 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 6,250,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 1,875,000 (15.00%) | |
| Retail Shares Offered | 4,375,000 (35.00%) | 84,134 |
| Total Shares Offered | 12,500,000 (100%) |
Investors can bid for a minimum of 52 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 52 | ₹6,136 |
| Retail (Max) | 32 | 1664 | ₹196,352 |
| Lot Size Calculator | |||
The Promoters of the Company are:
1. Banwari Lal Mittal
2. Ravi Kant Sharma
| Share Holding Pre Issue | 90.25% |
| Share Holding Post Issue | 54.78% |
Incorporated in 1989, Microsec Financial Services Ltd is a financial services company engaged in the business of financing and investment, investment banking and related services, brokerage and related services, wealth management, insurance broking, financial planning and related services.
They operate through the Issuer, Microsec Financial Services Limited (“MFSL”), and its Subsidiaries, Microsec Capital Limited ("MCap"), Microsec Resources Private Limited ("MRPL"), Microsec Technologies Limited ("MTL"), Microsec Insurance Brokers Limited ("MIBL"), Microsec Commerze Limited ("MCL") and PRP Technologies Limited ("PRP").
The Issuer, MFSL, is a non-banking financial company registered with the RBI. MFSL is engaged in the business of financing, which primarily comprises giving loans against shares, and making investments. It is also the ultimate holding company of the Microsec Group, which operates as an integrated group in providing its various financial products and services to its target client base of retail investors, high net worth individuals, companies and institutions.
| Particulars | For the year/period ended (Rs. in Million) | |||||
| 30-Sep-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 87.55 | 142.40 | 127.77 | 39.54 | 17.03 | 9.64 |
| Profit After Tax (PAT) | 48.12 | 56.06 | 77.03 | 28.86 | 18.71 | 0.01 |
| KPI | Values |
|---|---|
| RoNW | 19.68% |
The objects of this Issue are to:
1. Expand their Financing business;
2. Expand MCap's domestic operations by increasing network of branches;
3. Enhance MCap's existing technological capacity;
4. General corporate purposes; and
5. Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
The Microsec Financial IPO is subscribed 12.20 times on September 21, 2010 5:00:00 PM. The public issue subscribed 11.04 times in the retail category, 5.91 times in the QIB category, and 35.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 5.91 |
| NII | 35.88 |
| Retail | 11.04 |
| Total | 12.20 |
CRISIL has assigned an IPO Grade 2 to Microsec Financial Services Ltd IPO. This means as per CRISIL company has 'Below Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Microsec Financial Services Ltd.
Microsec Financial Services Ltd IPO, Microsec Financial IPO, Microsec IPO Bidding, Microsec Financial Services IPO Allotment Status, Microsec drhp and Microsec Financial Services Ltd IPO listing.
| Listing Date | October 5, 2010 |
| BSE Script Code | 533259 |
| NSE Symbol | SASTASUNDR |
| ISIN | INE019J01013 |
| Final Issue Price | ₹118 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹118.00 |
| ₹135.10 |
| ₹108.30 |
| ₹141.00 |
| ₹110.90 |
| NSE |
|---|
| ₹118.00 |
| ₹130.00 |
| ₹108.55 |
| ₹142.00 |
| ₹111.35 |
Microsec Financial Services Ltd
Azimganj House,
2nd floor, 7 Camac Street,
Kolkata 700 017
Phone: (91 33) 2282 9330
Email: info@microsec.in
Website: http://www.microsec.in
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mfsl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Microsec Financial IPO is a main-board IPO of 12,500,000 equity shares of the face value of ₹10 aggregating up to ₹147.50 Crores. The issue is priced at ₹113 to ₹118 per share. The minimum order quantity is 52 Shares.
The IPO opens on September 17, 2010, and closes on September 21, 2010.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Microsec Financial IPO opens on September 17, 2010 and closes on September 21, 2010.
Microsec Financial IPO lot size is 52 Shares, and the minimum amount required is ₹6,136.
You can apply in Microsec Financial IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Microsec Financial IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Microsec Financial IPO allotment status.
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