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S R G Securities Finance Ltd IPO (SRG Securities Finance IPO) Detail

October 7, 2013 - October 14, 2013

SRG Securities Finance IPO is a fixed price issue of Rs 5.02 crores.

SRG Securities Finance IPO bidding started from October 7, 2013 and ended on October 14, 2013. The shares got listed on BSE SME on October 29, 2013.

SRG Securities Finance IPO price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Aryaman Financial Services Limited is the book running lead manager of the SRG Securities Finance IPO, while Sharex Dynamic (India) Pvt Ltd is the registrar for the issue. The market maker for SRG Securities Finance IPO is Isj Securities.

Refer to SRG Securities Finance IPO RHP for detailed information.

SRG Securities Finance IPO Details

IPO Date October 7, 2013 to October 14, 2013
Listing Date October 29, 2013
Face Value ₹10 per share
Price ₹20 per share
Lot Size 6000 Shares
Total Issue Size2,508,000 shares
(aggregating up to ₹5.02 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding pre issue1,367,400
Share holding post issue3,875,400
Market Maker portion138,000 shares
Isj Securities

SRG Securities Finance IPO Lot Size

Investors can bid for a minimum of 6000 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 6000 ₹120,000
Retail (Max) 1 6000 ₹120,000
Lot Size Calculator

SRG Securities Finance IPO Promoter Holding

The Promoters of the company are:

1. Mr. Vinod Jain
2. Mr. Rajesh Jain
3. Mrs. Seema Jain

Share Holding Pre Issue 93.69%
Share Holding Post Issue 43.12%

About S R G Securities Finance Ltd

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.

Key Performance Indicator

Objects of the Issue (SRG Securities Finance IPO Objectives)

The Object of the Issue is to raise funds for:

1. To augment the capital base and provide for our fund requirements for increasing our operational scale with respect to our NBFC activities; and
2. To meet Issue related Expenses.

SRG Securities Finance IPO Review (Avoid)

[Dilip Davda]  

Merchant banker has poor track record for its past mandates and thus, it is now worth applying for this offer.

Read detail review...

SRG Securities Finance IPO Prospectus

SRG Securities Finance IPO Rating

11
3.5
Rating:Rated 3.5 stars
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SRG Securities Finance IPO Listing Details

Listing Date October 29, 2013
BSE Script Code 536710
NSE Symbol
ISIN INE326P01
Final Issue Price ₹20 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹20.00
₹23.90
₹22.75
₹25.05
₹24.25

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S R G Securities Finance Ltd Contact Details

S R G Securities Finance Ltd
322, S. M. Lodha Complex,
Near Shastri Circle,
Udaipur-313001, Rajasthan
Phone: +91–294–2412 609
Email: srgsecurities@gmail.com
Website: http://www.srgfin.com

SRG Securities Finance IPO Registrar

Sharex Dynamic (India) Pvt Ltd

Phone: +91- 22 - 2851 5606
Email: sharexindia@vsnl.com
Website:

SRG Securities Finance IPO - Buy or Not

SRG Securities Finance IPO Recommendation Summary

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Brokers 0 0 1
Members 0 0 0

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SRG Securities Finance IPO FAQs

SRG Securities Finance IPO is a SME IPO of 2,508,000 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 Shares.

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.

The SRG Securities Finance IPO opens on October 7, 2013 and closes on October 14, 2013.

SRG Securities Finance IPO lot size is 6000 Shares, and the minimum amount required is ₹120,000.

You can apply in SRG Securities Finance 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 SRG Securities Finance IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the SRG Securities Finance IPO allotment status.

The SRG Securities Finance IPO listing date is on October 29, 2013.
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