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SPS Finquest IPO is a fixed price issue of Rs 25.08 crores.
SPS Finquest IPO bidding started from May 21, 2014 and ended on May 23, 2014. The shares got listed on BSE SME on June 3, 2014.
SPS Finquest IPO price is ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Monarch Networth Capital Ltd is the book running lead manager of the SPS Finquest IPO, while Universal Capital Securities Pvt. Ltd is the registrar for the issue.
Refer to SPS Finquest IPO RHP for detailed information.
IPO Date | May 21, 2014 to May 23, 2014 |
Listing Date | June 3, 2014 |
Face Value | ₹10 per share |
Price | ₹75 per share |
Lot Size | 1600 Shares |
Total Issue Size | 3,344,000 shares (aggregating up to ₹25.08 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 1,160,100 |
Share holding post issue | 4,504,100 |
Market Maker portion | 190,000 shares |
Investors can bid for a minimum of 1600 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 | 1600 | ₹120,000 |
Retail (Max) | 1 | 1600 | ₹120,000 |
Lot Size Calculator |
The promoters of the company are:
1. Mr. Pramod P. Shah
2. Mr. Sandeep P.Shah
Share Holding Pre Issue | 99.95% |
Share Holding Post Issue | 37.18% |
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.
KPI | Values |
---|---|
RoNW | 0.04% |
The Objects of the Issue are:
1. To augment their capital base and to repay existing high interest cost debt.
2. To meet the issue related expenses.
[Dilip Davda]
Avoid this highly priced issue that also has entry barrier.
Read detail review...Listing Date | June 3, 2014 |
BSE Script Code | 538402 |
NSE Symbol | |
ISIN | INE502O01018 |
Final Issue Price | ₹75 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹75.00 |
₹78.00 |
₹75.50 |
₹78.00 |
₹75.55 |
SPS Finquest Ltd
R-514, 5th Floor, Rotunda Building,
B.S.Marg, Fort,
Mumbai - 400 001
Phone: 022-40224951/52/53
Email: info@spsfinquest.co.in
Website: http://www.spsfinquest.co.in
Universal Capital Securities Pvt. Ltd
Phone: +91-22-28207203
Email: ravi@unisec.in
Website: http://www.unisec.in
SME Company Owners
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Check our SME IPO Guide
SPS Finquest IPO is a SME IPO of 3,344,000 equity shares of the face value of ₹10 aggregating up to ₹25.08 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600 Shares.
The IPO opens on May 21, 2014, and closes on May 23, 2014.
Universal Capital Securities Pvt. Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The SPS Finquest IPO opens on May 21, 2014 and closes on May 23, 2014.
SPS Finquest IPO lot size is 1600 Shares, and the minimum amount required is ₹120,000.
You can apply in SPS Finquest 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 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.
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