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SSPN Finance Ltd IPO (SSPN Finance IPO) Detail

March 10, 2015 - March 12, 2015

SSPN Finance IPO is a fixed price issue of Rs 1.50 crores.

SSPN Finance IPO bidding started from March 10, 2015 and ended on March 12, 2015. The shares got listed on BSE SME on March 16, 2015.

SSPN Finance IPO price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

First Overseas Capital Limited is the book running lead manager of the SSPN Finance IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to SSPN Finance IPO DRHP for detailed information.

SSPN Finance IPO Details

IPO Date March 10, 2015 to March 12, 2015
Listing Date March 16, 2015
Face Value ₹10 per share
Price ₹20 per share
Lot Size 6000 Shares
Total Issue Size750,000 shares
(aggregating up to ₹1.50 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

SSPN Finance IPO Lot Size

Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 6000 ₹120,000
Retail (Max) 1 6000 ₹120,000
Lot Size Calculator

About SSPN Finance Ltd

Incorporated in 2012, SSPN Finance is a financial services company offers corporate and financial advisory services which includes Project Advisory, Loan Syndication, Mergers & Acquisitions and Private Equity. The Corporate Advisory services clients ranging from medium-sized corporates, SMEs and family managed businesses.

They are also engaged in making investment in the form of Debt & Equity in various companies. They also fund the requirements of clients and business associates by providing short term loans and advances to them and earning interest income from the same. These advances are made typically in known circle and through proper reference checks. Also they provide real estate advisory services. They provide efficient, low-cost, secure investment strategies to investors both individual and institutional across Mumbai to meet their financial objectives.

Objects of the Issue (SSPN Finance IPO Objectives)

The object of the issue are to:

1. Augmenting long term working capital;
2. Meeting public issue expenses.

SSPN Finance IPO Review (May apply)

[Dilip Davda]  

This SME offer is with entry barriers and the low preference for SME IPOs by the broking community at large. However, investors with surplus funds may invest at their own discretion for long term, bearing in mind that stock market investments are linked to market risks. The author has no plans to invest in this IPO.

Read detail review...

SSPN Finance IPO Prospectus

SSPN Finance IPO Rating

3
2.3
Rating:Rated 2.3 stars
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SSPN Finance IPO Listing Details

Listing Date March 16, 2015
BSE Script Code 539026
NSE Symbol
ISIN INE820R01017
Final Issue Price ₹20 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹20.00
₹15.00
₹14.25
₹15.00
₹14.40

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SSPN Finance Ltd Contact Details

SSPN Finance Ltd
106, Siddhesh Apt, 2nd Khattar Gali,
Thakurdwar Road,
Charni Road (East), Mumbai
Phone: +91 22 6127 5138
Email: sspnfinance@gmail.com
Website: http://www.sspn.co.in

SSPN Finance IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

SSPN Finance IPO - Buy or Not

SSPN Finance IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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SSPN Finance IPO FAQs

SSPN Finance IPO is a SME IPO of 750,000 equity shares of the face value of ₹10 aggregating up to ₹1.50 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000 Shares.

The IPO opens on March 10, 2015, and closes on March 12, 2015.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The SSPN Finance IPO opens on March 10, 2015 and closes on March 12, 2015.

SSPN Finance IPO lot size is 6000 Shares, and the minimum amount required is ₹120,000.

You can apply in SSPN Finance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for SSPN Finance IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the SSPN Finance IPO allotment status.

The SSPN Finance IPO listing date is on March 16, 2015.
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SSPN Finance IPO Message Board

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2 Comments

1. DURAISWAMY |   Link |  Bookmark |March 25, 2015 3:06:11 PM
Listing on 26-03-2016
1.1. DURAISWAMY |   Link |  Bookmark |March 29, 2015 9:48:31 PM
ONLY LISTING PAINS