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SPS Finquest Ltd IPO (SPS Finquest IPO) Detail

May 21, 2014 - May 23, 2014

SPS Finquest IPO is a fixed price issue of Rs 25.08 crores.

SPS Finquest IPO bidding started from May 21, 2014 and ended on May 23, 2014. The shares got listed on BSE SME on June 3, 2014.

SPS Finquest IPO price is ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Monarch Networth Capital Ltd is the book running lead manager of the SPS Finquest IPO, while Universal Capital Securities Pvt. Ltd is the registrar for the issue.

SPS Finquest IPO Details

IPO Date May 21, 2014 to May 23, 2014
Listing Date June 3, 2014
Face Value ₹10 per share
Price ₹75 per share
Lot Size 1600 Shares
Total Issue Size3,344,000 shares
(aggregating up to ₹25.08 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

SPS Finquest IPO Lot Size

Investors can bid for a minimum of 1600 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 1600 ₹120,000
Retail (Max) 1 1600 ₹120,000
Lot Size Calculator

About SPS Finquest Ltd

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.

Objects of the Issue (SPS Finquest IPO Objectives)

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.

SPS Finquest IPO Review (Avoid)

[Dilip Davda]  


Avoid this highly priced issue that also has entry barrier. 

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SPS Finquest IPO Prospectus

SPS Finquest IPO Rating

Rating:Rated 1.9 stars
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SPS Finquest IPO Listing Details

Listing Date June 3, 2014
BSE Script Code 538402
NSE Symbol
ISIN INE502O01018
Final Issue Price ₹75 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
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SPS Finquest Ltd Contact Details

SPS Finquest Ltd
R-514, 5th Floor, Rotunda Building,
B.S.Marg, Fort,
Mumbai - 400 001
Phone: 022-40224951/52/53

SPS Finquest IPO Registrar

Universal Capital Securities Pvt. Ltd

Phone: +91-22-28207203

SPS Finquest IPO - Buy or Not

SPS Finquest IPO Recommendation Summary

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Members 0 0 0

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SPS Finquest IPO FAQs

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 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 amount required is ₹120,000.

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, Nuvama, 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.

The SPS Finquest IPO listing date is on June 3, 2014.
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SPS Finquest IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



3. Pramod rajpura |   Link |  Bookmark |May 20, 2014 10:04:56 AM
Avoid this & all upcoming IPO''s.
2. Nilesh Shah |   Link |  Bookmark |May 16, 2014 9:47:35 PM
Not from any angle it attracts to subscribe. Better to avoid this issue.
2.1. DURAISWAMY |   Link |  Bookmark |May 17, 2014 6:36:32 PM
Yes you are very correct.
1. Kamlesh Jain |   Link |  Bookmark |May 15, 2014 11:03:12 AM
should money invest in this IPO or not.