SRG secutiries to open Its IPO on October 7
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2013-09-27

SRG secutiries to open Its IPO on October 7

Rajasthan-based SRG Securities Finance Limited would come out with its initial public offering (IPO) of 25.08 lakh equity shares of Rs 10 each. Equity shares are proposed to be listed on the SME Platform of BSE Limited.

 

Rajasthan-based SRG Securities Finance Limited would come out with its initial public offering (IPO) of 25.08 lakh equity shares of Rs 10 each. Equity shares are proposed to be listed on the SME Platform of BSE Limited.

 

The issue will open for subscription on October 07. The price band for the issue, which will close on October 14, is fixed at Rs 20 per share. They aims to raise more than Rs 5 crore through this issue.

 

SRG Securities Finance is a NBFC registered with RBI to carry on NBFC activities. The company is engaged in the business of asset financing by offering business loans; loans against equipment and machinery; and loans against vehicle.

 

The object of the issue is to raise funds for augmenting capital base and increasing operational scale with respect to NBFC activities. Mumbai Based Aryaman Financial Services Limited is the book running lead manager to the issue. The current promoters of the company are Vinod Jain, Rajesh Jain and Seema Jain. 

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