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SSPN Finance Ltd IPO (SSPN Finance IPO) Detail

Mar 10, 2015 - Mar 12, 2015

Incorporated in 2012, SSPN Finance is a financial services company offers corporate and financial advisory services which includes Project Advisory, Loan Syndication, Mergers & Acquisitions and Private Equity. The Corporate Advisory services clients ranging from medium-sized corporates, SMEs and family managed businesses.

They are also engaged in making investment in the form of Debt & Equity in various companies. They also fund the requirements of clients and business associates by providing short term loans and advances to them and earning interest income from the same. These advances are made typically in known circle and through proper reference checks. Also they provide real estate advisory services. They provide efficient, low-cost, secure investment strategies to investors both individual and institutional across Mumbai to meet their financial objectives.

Objects of the Issue:

The object of the issue are to:

1. Augmenting long term working capital;
2. Meeting public issue expenses.

SSPN Finance IPO Details

SSPN Finance IPO Date Mar 10, 2015 to Mar 12, 2015
SSPN Finance IPO Face Value ₹10 per share
SSPN Finance IPO Price ₹20 per share
SSPN Finance IPO Lot Size 6000 Shares
Issue Size750,000 shares of ₹10
(aggregating up to ₹1.50 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The Promoters of the company are:

Individual Promoter:

1. Mr. Chandu K. Jain
2. Mr. Keshrimal B. Jain

HUF

3. Chandu K Jain HUF

SSPN Finance IPO Lot Size

The SSPN Finance IPO 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
Minimum 1 6000 ₹120,000
Maximum 1 6000 ₹120,000

SSPN Finance IPO Review

This SME offer is with entry barriers and the low preference for SME IPOs by the broking community at large. However, investors with surplus funds may invest at their own discretion for long term, bearing in mind that stock market investments are linked to market risks. The author has no plans to invest in this IPO.

Read detail review...

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SSPN Finance IPO Prospectus

SSPN Finance IPO Rating

3
2.3
Rating:Rated 2.3 stars
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SSPN Finance IPO Listing Date

Listing Date Monday, March 16, 2015
BSE Script Code 539026
NSE Symbol
Listing In MT Group of Securities
ISIN INE820R01017
IPO Price ₹20 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹20.00
₹15.00
₹14.25
₹15.00
₹14.40

Company Contact Information

SSPN Finance Ltd
106, Siddhesh Apt, 2nd Khattar Gali,
Thakurdwar Road,
Charni Road (East), Mumbai
Phone: +91 22 6127 5138
Email: sspnfinance@gmail.com
Website: http://www.sspn.co.in

SSPN Finance IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

SSPN Finance IPO Reviews / Ratings

SSPN Finance IPO FAQs

SSPN Finance IPO is a SME IPO of 750,000 equity shares of the face value of ₹10 aggregating up to ₹1.50 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000 Shares.

The IPO opens on Mar 10, 2015, and closes on Mar 12, 2015.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The SSPN Finance IPO opens on Mar 10, 2015 and closes on Mar 12, 2015.

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

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

The SSPN Finance IPO listing date is on Monday, March 16, 2015.
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SSPN Finance IPO Message Board

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2 Comments

1. DURAISWAMY |   Link |Mar 25, 2015 3:06:11 PM
Listing on 26-03-2016
1.1. DURAISWAMY |   Link |Mar 29, 2015 9:48:31 PM
ONLY LISTING PAINS