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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.
The Promoters of the Company are:
1. Mr. Rahul Tiwari
2. Mr. Manish Kumar Gupta
3. OP Property Developers Private Limited
The objects of this Issue are to raise funds to:
1. To boost operations with respect to our NBFC activities by increasing volume in financing activities;
2. Brand building & promotional activities;
3. General corporate purposes; and
4. Public Issue expenses.
| IPO Opening Date | Sep 25, 2013 |
| IPO Closing Date | Sep 27, 2013 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹18 per equity share |
| Market Lot | 8000 Shares |
| Min Order Quantity | 8000 Shares |
| Listing At | BSE SME |
| Issue Size | 7,504,000 Eq Shares of ₹10 (aggregating up to ₹13.51 Cr) |
The Satkar Finlease IPO market lot size is 8000 shares. A retail-individual investor can apply for up to 1 lots (8000 shares or ₹144,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 8000 | ₹144,000 |
| Maximum | 1 | 8000 | ₹144,000 |
Being exorbitantly pricing, Avoid this IPO. For 2012-13 earnings on fully diluted equity of Rs. 19.04 crore then the EPS stands at just Rs. 0.01 per share thus the asking price is at 1800+ P/E. Its NAV is at s. 65.10 as on 31.03.13 and will get diluted to Rs. 19.54 post this issue. Read detail review...
| Listing Date | Friday, October 11, 2013 |
| BSE Script Code | 536592 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE279P01028 |
| IPO Price | ₹18 per equity share |
| Face Value | ₹10 per equity share |
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Satkar Finlease Limited
829, Laxmideep Building,
8th Floor, Laxmi Nagar District Center,
Laxmi Nagar, Delhi –110092
Phone: 91-11- 329337170
Email: satkarfinlease@yahoo.com
Website: http://www.satkarfinlease.com
MAS Services Limited
Phone: (011) 2610 4142
Email: info@masserv.com
Website: http://www.masserv.com
Satkar Finlease IPO is a SME IPO of 7,504,000 equity shares of the face value of ₹10 aggregating up to ₹13.51 Crores. The issue is priced at ₹18 per equity share. The minimum order quantity is 8000 Shares.
The IPO opens on Sep 25, 2013, and closes on Sep 27, 2013.
MAS Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Satkar Finlease IPO opens on Sep 25, 2013 and closes on Sep 27, 2013.
Satkar Finlease IPO lot size is 8000 Shares and the minimum order quantity is 8000 Shares.
You can apply in Satkar Finlease 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 Satkar Finlease IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Satkar Finlease IPO allotment status.
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
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Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews