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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.
The Promoters of the company are:
Individual Promoter:
1. Mr. Chandu K. Jain
2. Mr. Keshrimal B. Jain
HUF
3. Chandu K Jain HUF
The object of the issue are to:
1. Augmenting long term working capital;
2. Meeting public issue expenses.
| IPO Opening Date | Mar 10, 2015 |
| IPO Closing Date | Mar 12, 2015 |
| 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 Size | 750,000 Eq Shares of ₹10 (aggregating up to ₹1.50 Cr) |
The SSPN 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 |
| Listing Date | Monday, March 16, 2015 |
| BSE Script Code | 539026 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE820R01017 |
| IPO Price | ₹20 per equity share |
| Face Value | ₹10 per equity share |
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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
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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 equity 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 6000 Shares.
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.
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