SSPN Finance Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 354,000 (47%) | — | ₹71 Cr |
| Retail | — | 354,000 (47%) | — | ₹71 Cr |
| Market Maker | — | 42,000 (6%) | — | ₹1 Cr |
| Σ Total | — | 750,000 (100%) | — | ₹1,500 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹120,000 |
| Retail (Max) | 13 | 78,000 | ₹1,560,000 |
| S-HNI (Min) | 14 | 84,000 | ₹1,680,000 |
| B-HNI (Min) | 67 | 402,000 | ₹8,040,000 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Augmenting long term working capital – 1.15
- 2 Public Issue Expenses – 0.35
Company Overview
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.