SRG Housing Finance Limited is entering the capital market with its Initial Public Offering (IPO) of 35.04 lakh equity shares at a price of Rs 20 per share on 22nd August 2012. The IPO will be a fixed price issue and the offering price company decided is Rs 20 per share while the face value per share is Rs 10. Udaipur based SRG Housing Finance Limited is engaged in the business of providing Individual Home Loans and loans against Property.
SRG Housing Finance Limited is promoted by Vinod K. Jain, Seema Jain and Rajesh Jain. They are comming with this Rs 7.01 crore issue with the objective of augment their capital base and to meet the Issue Expenses. The housing finance company have 1 Head office and 3 satellite centersand after this IPO they are targeting to open another 10 satellite centers which are to be located in tier 2 cities, tier 3 cities, District and Tehsil head quarters and at the peripheries of tier 1 cities.
The equity shares offered through the IPO are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Housing Finance IPO Summary :-
IPO Opens : 22nd Aug 2012
IPO Closes : 24th Aug 2012
IPO Type : Fixed Price Issue
IPO Size : 3,504,000 equity Shares of Rs 10 each
IPO Size : Rs 7.01 Crore
Face Value : Rs 10 Per Equity Share
IPO Price : Rs 20 per Equity Share
Minimum Bid Quantity : 6000 Shares
The Book running lead manager (BRLM) to the issue is Aryaman Financial Services limited, New Delhi.
Registrar of the Issue : Sharex Dynamic (India) Pvt Ltd, Mumbai.
Stay tuned to BelltheBull Blog for more on news Sangam Advisors Limited IPO !