Sangam Advisors Limited is entering into primary market with an Initial Public Offering (IPO) of 2,304,000 Equity Shares of Rs 10 each. The IPO is opening on 24th July 2012 and will remain open till 26th July 2012. This IPO is a fixed price issue and the issue price has been fixed at Rs 20 per share. The company is going to raise Rs 5.07 Crore through this IPO. Market lot of the issue is 6000 shares that means a minimum 6000 shares have to be applied. Sangam Advisors Limited is engaged in the business of providing diversified financial services with primary focus in assisting small and medium enterprises (SMEs) in corporate and non corporate sector in their financial planning and arranging funds for them. The company is also engaged in the business of investing in shares and other securities.
The proceeds of the IPO would be used to Investments in listed / unlisted securities and financial products, Issue Expenses and General Corporate Purposes.
The equity shares offered through the IPO are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
IPO (Initial Public Offering) Summary :-
IPO Opens : 24th July 2012
IPO Closes : 26th July 2012
IPO Type : Fixed Price Issue
IPO Size : 2,304,000 equity Shares of Rs 10 each
IPO Size : Rs 5.07 Crore
Face Value : Rs 10 Per Equity Share
IPO Price Band : Rs 22 per share.
Minimum Bid Quantity : 6000 Shares
Listing At : BSE, NSE
The Book running lead manager (BRLM) to the issue is Aryaman Financial Services limited.
Registrar of the Issue : Purva Sharegistry India Pvt Ltd, Mumbai.
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