SRG Housing Finance SME IPO open for subscription
Udaipur based SRG Housing Finance, a housing finance company, has entered the capital markets on August 22, 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 a share of Rs 10 each. The issue, which was originally scheduled to close on Aug. 24, 2012 will now close on Aug. 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% and 32.15% respectively of the post Issue paid equity share capital of the company. Aryaman Financial Services is the lead manager and sharex dynamic 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
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