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Satkar Finlease Limited IPO (Satkar Finlease IPO) Detail

Sep 25, 2013 - Sep 27, 2013

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.

Company Promoters:

The Promoters of the Company are:

1. Mr. Rahul Tiwari
2. Mr. Manish Kumar Gupta
3. OP Property Developers Private Limited

Objects of the Issue:

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.

Satkar Finlease IPO Details

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 Size7,504,000 Eq Shares of ₹10
(aggregating up to ₹13.51 Cr)

Satkar Finlease IPO Lot Size

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

Satkar Finlease IPO Review

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...

Satkar Finlease IPO Prospectus

Satkar Finlease IPO Rating

Rating:Rated 2.7 stars
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Satkar Finlease IPO Listing Date

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

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Satkar Finlease Limited
829, Laxmideep Building,
8th Floor, Laxmi Nagar District Center,
Laxmi Nagar, Delhi 110092
Phone: 91-11- 329337170

Satkar Finlease IPO Registrar

MAS Services Limited

Phone: (011) 2610 4142

Satkar Finlease IPO Reviews / Ratings

Satkar Finlease IPO FAQs

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.

The Satkar Finlease IPO listing date is on Friday, October 11, 2013.

Satkar Finlease IPO Message Board

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2. Dilip Davda |   Link |Sep 28, 2013 8:21:47 PM
After this SME offer we have two at par offer from Newever Trade Wings and Subh Tex (India) that opens on 30.09.13. Thereafter, VCU Data IPO priced at Rs. 25 opens on 04.10.13 and then SRG Securities IPO priced at Rs. 20 per share opens on 07.10.13. Thus besides NCD and TAx Free Bonds offer, we have SME IPOs making beelines in dull market.

Dilip Davda
SEBI registered Research Analyst

Read my IPO Reviews

1. Dilip Davda |   Link |Sep 26, 2013 8:20:09 PM
Soon after this we have two more SME IPOs from Newever Trade and Subh TEx that are opening on 30.09.13 and thereafter, SRG Securities that opens on 07.10.13. Thus despite all odds, SME IPOs continues to make a beeline.

Details will be given ASAP

Dilip Davda
SEBI registered Research Analyst

Read my IPO Reviews