Microsec Financial Services IPO : Listing on 5th Oct 2010

by khalid on 05/10/2010 · 1 comment

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 company has entered the capital market with an initial public offering (IPO) of 12,500,000 Equity Shares of Rs 10 each for cash, at a premium to be decided through a 100% Book Building Process . The company informed the market (BSE) that the shares of its recent IPO will list on 5th Oct 2010. The IPO was open from 17th Sep 2010 to 21st Sep 2010. The price band was Rs 113 to Rs 118 and the Issue Price was fixed at the upper level of price band, Rs 118 per equity share.

IPO Listing Detail :-
Listing Date: 5th Oct 2010
BSE Scrip Code : 533259
Listing In : ‘B’ Group of Securities
ISIN : INE019J01013
Issue Price : Rs. 118.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The proceeds of this IPO will be used to Expand their Financing business, Expand MCap’s domestic operations by increasing network of branches, Enhance MCap’s existing technological capacity, General corporate purposes; and Achieve the benefits of listing the Equity Shares on the Stock Exchanges.

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (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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