IPO Issue Details
Issue Price / Price Band₹18 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size8,000 Shares per Lot
Total Issue Size75,04,000 shares (aggregating up to ₹13.51 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 25 Sep 2013
Subscription CloseFri, 27 Sep 2013
Anchor AllotmentTue, 24 Sep 2013
Basis of AllotmentThu, 03 Oct 2013
Initiation of RefundsFri, 04 Oct 2013
Credit of Shares to DematFri, 04 Oct 2013
Listing DateFri, 11 Oct 2013
UPI Mandate Deadline2013-09-27
Application & Investment Details
Retail — Min (1 Lots)₹1,44,000 — 8,000 shares
Retail — Max (13 Lots)₹1,872,000 (13 Lots)
HNI — Min (2 Lots)₹2,88,000 — 16,000 shares
Net Offer to Public71,20,000 shares (aggregating up to ₹12.82 Cr)
Reserved for Market Maker3,84,000 shares (aggregating up to ₹0.6912 Cr)
Pre-IPO Promoter Holding1,15,40,000 shares
Post-IPO Promoter Holding1,90,44,000 shares
About Satkar Finlease Ltd.
Incorporated in 1996, Satkar Finlease Ltd is a non-deposit taking, NBFC and is in the business of providing financial services. Company provides inter corporate loans, personal loans, loans against shares & securities, loans against properties, trade financing, bills discounting, trading in shares & securities and arbitrage business in stock and commodity market.Company is a non deposit taking, NBFC, registered with the RBI, New Delhi vide Registration No.B-14.01661. Company offers financial services to commercial, industrial and financial clients. Being an, NBFC it has positioned itself between the organized banking sector and local money lenders, offering the customers competitive, flexible and timely lending services.
Objects of the Issue
Satkar Finlease Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Capital for financing activities to boost NBFC operations
11.30
2
2 Brand building & promotional activities
0.60
3
3 General corporate purposes
1.00
4
4 Public Issue Expenses
0.61
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,15,40,000 shares
Post-IPO Promoter Holding
1,90,44,000 shares