Incorporated in 1996, SPS Finquest Ltd is a Non-Banking Finance Company (NBFC-ND) engaged primarily in the business of advancing loans and investing/trading in securities. Company provides loans against securities and also in financing investments and trading in securities and thus is in high risk low income field.
SPS Finquest Ltd is a part of SPS group and proposes to provide loan products like IPO financing and loan against gold and commodities etc. Company provides its shareholders with the opportunity to participate in a diverse portfolio of investments and gain access to a defined investment process and the investment experience of the management team. Company is the NBFC Arm promoted by the Shah Family in order to carry out their financing and investment activities and in order to bring in the benefits of synergies from their brokerage and other businesses.
The promoters of the company are:
1. Mr. Pramod P. Shah
2. Mr. Sandeep P.Shah
The Objects of the Issue are:
1. To augment their capital base and to repay existing high interest cost debt.
2. To meet the issue related expenses.
| IPO Opening Date | May 21, 2014 |
| IPO Closing Date | May 23, 2014 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹75 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Issue Size | 3,344,000 Eq Shares of ₹10 (aggregating up to ₹25.08 Cr) |
The SPS Finquest IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹120,000 |
| Maximum | 1 | 1600 | ₹120,000 |
| Listing Date | Tuesday, June 3, 2014 |
| BSE Script Code | 538402 |
| NSE Symbol | |
| Listing In | MT |
| ISIN | INE502O01018 |
| IPO Price | ₹75 per equity share |
| Face Value | ₹10 per equity share |
|
|
SPS Finquest Ltd
R-514, 5th Floor, Rotunda Building,
B.S.Marg, Fort,
Mumbai - 400 001
Phone: 022-40224951/52/53
Email: info@spsfinquest.co.in
Website: http://www.spsfinquest.co.in
Universal Capital Securities Pvt. Ltd
21, Shakil Niwas Opp Saibaba Temple,
Mahakali Caves Road, Andheri (E),
Mumbai: - 400093.
Phone: +91-22-28207203
Email: ravi@unisec.in
Website: http://www.unisec.in
SPS Finquest IPO is a SME IPO of 3,344,000 equity shares of the face value of ₹10 aggregating up to ₹25.08 Crores. The issue is priced at ₹75 per equity share. The minimum order quantity is 1600 Shares.
The IPO opens on May 21, 2014, and closes on May 23, 2014.
Universal Capital Securities Pvt. Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The SPS Finquest IPO opens on May 21, 2014 and closes on May 23, 2014.
SPS Finquest IPO lot size is 1600 Shares and the minimum order quantity is 1600 Shares.
You can apply in SPS Finquest 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 SPS Finquest IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the SPS Finquest IPO allotment status.
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