Microsec Financial Services IPO : Files DRHP with SEBI

by khalid on 24/03/2010 · 0 comments

Microsec Financial Services Ltd. has filed a Draft Red Herring Prospectus (DRHP) with market regulator SEBI. The company want to raise money from primary market with an IPO of 12500000 equity shares of Rs 10 each with the premium decided by the book building process. The issue will constitute 39.30% of the post issue paid up capital of the company.

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.

The proceeds of the IPO will be used by the company for the expansion of its financing business and to expand its network of branches and enhance existing technological capacities of the broking business.

Book running lead manager for the IPO will be SBI Capital Markets and the Registrar to the issue will be Link Intime India Pvt.

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