SRG Securities IPO to open on 14 Oct

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SRG Securities Finance Limited (SSFL), a company working in the field of financing of vehicles, construction and mining equipments and business loan and registered as NBFC with RBI, has come out with a public issue of 25,08,000 equity shares of 10/- each for cash at a price of 20/- per share, aggregating to 501.60 lacs), of which, 3,90,000 equity shares of 10/- each will be reserved for subscription by the promoters and 1,38,000 equity shares of 10/- each will be reserved for subscription by market makers to the issue.

The issue and the net issue will constitute 64.72 per cent and 51.09 per cent, respectively of the post issue paid up equity share capital of the company.The issue of SSFL will close on October 14 and is proposed to be listed on the SME Platform of BSE Limited.

Aryaman Financial Services Limited is the book running lead manager to the issue.

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Story first published: Monday, September 30, 2013, 22:40 [IST]
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