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SRG Housing Finance Ltd IPO (SRG Housing Finance IPO) Detail

Aug 22, 2012 - Aug 28, 2012

Incorporated in 1999, SRG Housing Finance Ltd is engaged in the business of providing housing finance for home ownership, by offering:

1. Individual Home Loans and
2. Loans against Property

SRG Housing Finance is headquartered in Udaipur, Rajasthan. They have 1 Head office and 3 satellite centers located in Rajasthan. They are targeting to open another 10 satellite centers which are to be located in tier 2 cities, tier 3 cities, District and Tehsil head quarters and at the peripheries of tier 1 cities.

They intend to grow their loan book, income and profits through Increasing Net Owned Funds, Expanding Network and Connectivity, Maintaining strong asset quality through disciplined risk management, Reducing funding costs and Optimizing cost of operations amongst others.

Company Promoters:

The Promoters of the company are:
1. Mr. Vinod K. Jain
2. Mrs. Seema Jain and
3. Mr. Rajesh Jain.

Objects of the Issue:

The Objects of the Issue are as follows:

1. To augment our capital base and provide for fund requirements for increasing operational scale with respect to disbursement of housing and related loans activities.
2. To Meet the Issue Expenses.

SRG Housing Finance IPO Details

IPO Opening Date Aug 22, 2012
IPO Closing Date Aug 28, 2012
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹20 per equity share
Market Lot 6000 Shares
Min Order Quantity 6000 Shares
Listing At BSE SME
Issue Size3,504,000 Eq Shares of ₹10
(aggregating up to ₹7.01 Cr)

SRG Housing Finance IPO Lot Size

The SRG Housing Finance IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 6000 ₹120,000
Maximum 1 6000 ₹120,000

IPO Notices

External Link

IPO closing date rescheduled to August 28, 2012 to compensate for a proposed two-day nationwide strike in banks.

MUMBAI, 23rd AUGUST 2012: SRG Housing Finance Limited, a growing housing finance company with registered office at Udaipur in Rajasthan, has entered the capital markets on 22nd August 2012 with a public issue of 35,04,000 of Rs 10 each. The Issue price for this IPO to be listed on SME platform of BSE has been fixed at Rs 20 per equity share of Rs 10 each. The Issue, which was originally scheduled to close on 24th August 2012 will now close on August 28, 2012 due to a two-day nationwide strike in banks. Out of this public issue of 35,04,000 equity shares, 4,98,000 equity shares are reserved for Promoters and 4,08,000 equity shares are reserved for Market Makers, leaving a net public issue of 25,98,000 equity shares. The Issue and Net Issue will constitute 43.36 per cent and 32.15 per cent respectively of the post Issue paid equity share capital of the Company. Aryaman Financial Services Limited is the Lead Manager and Sharex Dynamic (I) Pvt. Limited is the Registrar for the Issue. This will be the 7th SME issue on BSE SME platform.

The Company is primarily engaged in the business of providing housing finance for home ownership, by offering individual home loans and loans against property. Presently, it has one head office and 3 satellite centers located in Rajasthan and the Company is targeting to open another 10 satellite centers which are to be located in tier 2 cities, tier 3 cities, District and Tehsil head quarters and at the peripheries of tier 1 cities. These are their key target markets, based on their belief that they are underserved by larger Housing Finance Companies and banks.

The outstanding loan portfolio of SRG Housing Finance Ltd has grown at a CAGR of 24.13% from Rs 318.89 lakhs as of March 31, 2008 to Rs 757.13 lakhs as of March 31, 2012. At the same time, its profit after tax (PAT) has grown at a CAGR of 30.43% over a four year period from Rs 11.13 lakhs for Fiscal 2008 to Rs 32.21 lakhs for Fiscal 2012. Well recognized brand in Rajasthan with an established track record, strong senior management team backed by experienced promoters, direct customer contact and niche marketing strategy are some of the key competitive strengths of the Company.

The Company proposes to augment its capital base and provide for its fund requirements for increasing its operational scale with respect to disbursement of housing and related loans activities, through this Issue. SRG Housing Finance Ltd propose to augment its capital base by Rs 635 Lakhs and utilize the funds raised from the same to further increase its operational scale of such business activities and assets, which will consequently result in an increase in its net worth and enable the Company to meet its future capital adequacy requirements. It will further help the Company to develop close relationships with individual households and enhance customer relationships. The Company is in compliance with the capital adequacy norms of the NHB Directions 2010.

SRG Housing Finance IPO Review

As SME IPOs have unaffordable entry level for subscription point as well as post listing they are not really meant for retail masses. Risks aver HNI's may dare to lock their funds for long term rewards.

Read detail review...

SRG Housing Finance IPO Prospectus

SRG Housing Finance IPO Rating

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SRG Housing Finance IPO Listing Date

Listing Date Tuesday, September 11, 2012
BSE Script Code 534680
NSE Symbol
Listing In MT Group of Securities
ISIN INE559N01010
IPO Price ₹20 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹20.00
₹20.30
₹20.30
₹20.35
₹20.30

Company Contact Information

SRG Housing Finance Ltd
321, S.M. Lodha Complex,
Near Shastri Circle,
Udaipur-313001, Rajasthan, India.
Phone: +91- 2942412 609/ 256
Email: srghousing@gmail.com
Website: http://www.srghousing.com

SRG Housing Finance IPO Registrar

Sharex Dynamic (India) Pvt Ltd

Phone: +91- 22 - 2851 5606
Email: sharexindia@vsnl.com
Website: http://www.sharexindia.com

SRG Housing Finance IPO Reviews / Ratings

SRG Housing Finance IPO FAQs

SRG Housing Finance IPO is a SME IPO of 3,504,000 equity shares of the face value of ₹10 aggregating up to ₹7.01 Crores. The issue is priced at ₹20 per equity share. The minimum order quantity is 6000 Shares.

The IPO opens on Aug 22, 2012, and closes on Aug 28, 2012.

Sharex Dynamic (India) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The SRG Housing Finance IPO opens on Aug 22, 2012 and closes on Aug 28, 2012.

SRG Housing Finance IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.

You can apply in SRG Housing Finance 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 SRG Housing Finance IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the SRG Housing Finance IPO allotment status.

The SRG Housing Finance IPO listing date is on Tuesday, September 11, 2012.

SRG Housing Finance IPO Message Board

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