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.
Company Promoters:
The promoters of the company are:
1. Mr. Pramod P. Shah
2. Mr. Sandeep P.Shah
2. Mr. Sandeep P.Shah
Objects of the Issue:
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.
2. To meet the issue related expenses.
Issue Detail:
»» Issue Open: May 21, 2014 - May 23, 2014
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 3,344,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 25.08 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 75 Per Equity Share
»» Market Lot: 1600 Shares
»» Minimum Order Quantity: 1600 Shares
»» Listing At: BSE SME
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 3,344,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 25.08 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 75 Per Equity Share
»» Market Lot: 1600 Shares
»» Minimum Order Quantity: 1600 Shares
»» Listing At: BSE SME
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