Microsec Financial Services IPO : CRISIL gives 2 out of 5

by khalid on 26/09/2010 · 0 comments

Microsec Financial Services Ltd. provides various financial products and services to their target client base of retail investors, high net worth individuals, companies and institutions. The company is a well-recognized brand in eastern India with adequate base of research delivery capabilities. Microsec Financial Services IPO has got 2 out of 5 by CRISIL (rating agency) and this rating/grading is below average for a renewable energy producer comapny. The grade 2 indicates that the fundamentals of the IPO are below average compared to the other listed securities in India. The company is entering into primary market with an Initial Public Offer (IPO) of Rs 141.25 – 147.50 crores. The IPO is opening on 17th Sep 2010 and the shares will be available for subscription up to 21st Sep 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed at Rs 113 at the lower level and Rs 118 at the upper level.

Issue Detail:-
Issue Open : 17th Sep 2010 – 21st Sep 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 12,500,000 Equity Shares of Rs 10 each
Issue Size : Rs. 141.25 – 147.50 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 113 – Rs. 118 Per Equity Share
Market Lot : 52 Shares
Minimum Order Quantity : 52 Shares
Listing At : BSE, NSE

The sole Book running lead manager to the issue is SBI Capital Markets Limited.

Registrar of the Issue : Link Intime India Private Ltd, Mumbai.

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