IPO Issue Details
Issue Price / Price Band₹10 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size10,000 Shares per Lot
Total Issue Size60,00,000 shares (aggregating up to ₹6.00 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 24 May 2013
Subscription CloseTue, 28 May 2013
Anchor AllotmentThu, 23 May 2013
Basis of AllotmentMon, 03 Jun 2013
Initiation of RefundsTue, 04 Jun 2013
Credit of Shares to DematTue, 04 Jun 2013
Listing DateTue, 11 Jun 2013
UPI Mandate Deadline2013-05-28
Application & Investment Details
Retail — Min (1 Lots)₹1,00,000 — 10,000 shares
Retail — Max (13 Lots)₹1,300,000 (13 Lots)
HNI — Min (3 Lots)₹3,00,000 — 30,000 shares
Net Offer to Public50,00,000 shares (aggregating up to ₹5.00 Cr)
Reserved for Market Maker3,50,000 shares (aggregating up to ₹0.3500 Cr)
Pre-IPO Promoter Holding1,34,41,715 shares
Post-IPO Promoter Holding1,94,41,715 shares
About India Finsec Ltd.
Incorporated in 1994, India Finsec Limited is engaged in the business of Financing, Inter Corporate Deposits, advancing Short term loans, Long term loans, credits to individuals & companies etc. Company also deals in stocks, shares and securities.The primary business of the company is to provide Margin Funding to the clients for purchase of securities, Loan against Shares and Trading in Shares & Securities. The company is registered as a Non-deposit taking Non-Banking Finance Company with RBI.
Objects of the Issue
India Finsec Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Purchase and set up of Office Space for Registered Office
3.50
2
2 To augment the capital base and provide for the fund requirements for increasing the operational scale with respect to the NBFC activities
2.00
3
3 Issue related Expenses
0.50
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,34,41,715 shares
Post-IPO Promoter Holding
1,94,41,715 shares