SSPN Finance Ltd IPO

Closed

Subscription Details

  • Open Date 10 Mar
  • Close Date 12 Mar
  • Lot Size 6000
  • IPO Size ₹ 1.5 Cr
  • IPO Price Range ₹ 20
  • Min Investment ₹ 120000

SSPN Finance Ltd IPO Timeline

Open Date
10 Mar
Close Date
12 Mar
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public issue of 7,50,000 equity shares of face value of Rs. 10 each (equity shares) of SSPN Finance Limited (the company or the issuer) for cash at a price of Rs. 20 per equity share, including a share premium of Rs. 10 per equity share (the issue price), aggregating Rs. 1.50 crores (the issue), of which 42,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 20 per equity share, aggregating Rs. 0.08 crores will be reserved for subscription by the market makers to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 7,08,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 20 per equity share, aggregating Rs. 1.42 crores is hereinafter refered to as the net issue. The issue and the net issue will constitute 39.62% and 37.40% respectively of the fully diluted post issue paid up equity share capital of the company.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of SSPN Finance Ltd IPO

Contact Information

Address

Office No 2 plot No 192,
Vaintheya CHS Ltd SV Road Vile,
Mumbai, Maharashtra 400056

SSPN Finance Ltd IPO Lead Manager

First Overseas Capital Ltd
Open Demat Account