India Finsec Ltd IPO

IPO Synopsis

Public Issue of 6000000 Equity Shares of a face value of Rs 10/ each of India Finsec Ltd( the company of the issuer) for cash at a price of Rs 10/ per equity shares aggregating to Rs 6.00 crores (the issue) of which 650000 Equity shares of Rs 10/ each will be reserved for subscription by the promoters and 350000 Equity shares of Rs 10 each will be reserved for subscription by market makers to the issue. The issue less the promoters contributions and the market maker reservation portion i.e issue of 5000000 Equity shares of Rs 10/ each is hereafter referred to as the net issue. The issue and the net issue will constitute 30.86% and 25.72% respesctively of the post issue paid up equity share capital of the company.

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