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Incorporated in 1989, Microsec Financial Services Ltd is a financial services company engaged in the business of financing and investment, investment banking and related services, brokerage and related services, wealth management, insurance broking, financial planning and related services.
They operate through the Issuer, Microsec Financial Services Limited (“MFSL”), and its Subsidiaries, Microsec Capital Limited ("MCap"), Microsec Resources Private Limited ("MRPL"), Microsec Technologies Limited ("MTL"), Microsec Insurance Brokers Limited ("MIBL"), Microsec Commerze Limited ("MCL") and PRP Technologies Limited ("PRP").
The Issuer, MFSL, is a non-banking financial company registered with the RBI. MFSL is engaged in the business of financing, which primarily comprises giving loans against shares, and making investments. It is also the ultimate holding company of the Microsec Group, which operates as an integrated group in providing its various financial products and services to its target client base of retail investors, high net worth individuals, companies and institutions.
The Promoters of the Company are:
1. Banwari Lal Mittal
2. Ravi Kant Sharma
| Particulars | For the year/period ended (Rs. in Million) | |||||
| 30-Sep-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 87.55 | 142.40 | 127.77 | 39.54 | 17.03 | 9.64 |
| Profit After Tax (PAT) | 48.12 | 56.06 | 77.03 | 28.86 | 18.71 | 0.01 |
The objects of this Issue are to:
1. Expand their Financing business;
2. Expand MCap's domestic operations by increasing network of branches;
3. Enhance MCap's existing technological capacity;
4. General corporate purposes; and
5. Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
| IPO Opening Date | Sep 17, 2010 |
| IPO Closing Date | Sep 21, 2010 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹113 to ₹118 per equity share |
| Market Lot | 52 Shares |
| Min Order Quantity | 52 Shares |
| Listing At | BSE, NSE |
| Issue Size | 12,500,000 Eq Shares of ₹10 (aggregating up to ₹147.50 Cr) |
The Microsec Financial IPO market lot size is 52 shares. A retail-individual investor can apply for up to 32 lots (1664 shares or ₹196,352).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 52 | ₹6,136 |
| Maximum | 32 | 1664 | ₹196,352 |
CRISIL has assigned an IPO Grade 2 to Microsec Financial Services Ltd IPO. This means as per CRISIL company has 'Below Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Microsec Financial Services Ltd.
Microsec Financial Services Ltd IPO, Microsec Financial IPO, Microsec IPO Bidding, Microsec Financial Services IPO Allotment Status, Microsec drhp and Microsec Financial Services Ltd IPO listing.
The Microsec Financial IPO is subscribed 12.20 times on 9/21/2010 5:00:00 PM. The public issue subscribed 11.04 in the retail category, 5.91 in the QIB category, and 35.88 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 5.91 |
| NII | 35.88 |
| Retail | 11.04 |
| Total | 12.20 |
| Listing Date | Tuesday, October 5, 2010 |
| BSE Script Code | 533259 |
| NSE Symbol | MICROSEC |
| Listing In | B Group of Securities |
| ISIN | INE019J01013 |
| IPO Price | ₹118 per equity share |
| Face Value | ₹10 per equity share |
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Microsec Financial Services Ltd
Azimganj House,
2nd floor, 7 Camac Street,
Kolkata 700 017
Phone: (91 33) 2282 9330
Email: info@microsec.in
Website: http://www.microsec.in
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mfsl.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Microsec Financial IPO is a main-board IPO of 12,500,000 equity shares of the face value of ₹10 aggregating up to ₹147.50 Crores. The issue is priced at ₹113 to ₹118 per equity share. The minimum order quantity is 52 Shares.
The IPO opens on Sep 17, 2010, and closes on Sep 21, 2010.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Microsec Financial IPO opens on Sep 17, 2010 and closes on Sep 21, 2010.
Microsec Financial IPO lot size is 52 Shares and the minimum order quantity is 52 Shares.
You can apply in Microsec Financial 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Microsec Financial IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Microsec Financial IPO allotment status.
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Top Contributor (400+ Posts)
THEY WILL BUY @ 85 AND TARGET IS 180 SO KEEP BUYING IN BULK TO KOOT MONEY.
BUY AT DIPS TO KOOT HUGH MONEY.