Incorporated in 1989, Microsec Financial Services Ltd is a financial services company engaged in the business of financing and investment, investment banking and related services, brokerage and related services, wealth management, insurance broking, financial planning and related services.
They operate through the Issuer, Microsec Financial Services Limited (“MFSL”), and its Subsidiaries, Microsec Capital Limited ("MCap"), Microsec Resources Private Limited ("MRPL"), Microsec Technologies Limited ("MTL"), Microsec Insurance Brokers Limited ("MIBL"), Microsec Commerze Limited ("MCL") and PRP Technologies Limited ("PRP").
The Issuer, MFSL, is a non-banking financial company registered with the RBI. MFSL is engaged in the business of financing, which primarily comprises giving loans against shares, and making investments. It is also the ultimate holding company of the Microsec Group, which operates as an integrated group in providing its various financial products and services to its target client base of retail investors, high net worth individuals, companies and institutions.
Company Promoters:
The Promoters of the Company are:1. Banwari Lal Mittal
2. Ravi Kant Sharma
Company Financials:
| Particulars | For the year/period ended (Rs. in Million) | |||||
| 30-Sep-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 87.55 | 142.40 | 127.77 | 39.54 | 17.03 | 9.64 |
| Profit After Tax (PAT) | 48.12 | 56.06 | 77.03 | 28.86 | 18.71 | 0.01 |
1. Expand their Financing business;
2. Expand MCap's domestic operations by increasing network of branches;
3. Enhance MCap's existing technological capacity;
4. General corporate purposes; and
5. Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Issue Detail:
»» Issue Open: Sep 17, 2010 - Sep 21, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 12,500,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 147.50 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 113 - Rs. 118 Per Equity Share
»» Market Lot: 52 Shares
»» Minimum Order Quantity: 52 Shares
»» Listing At: BSE, NSE
Microsec Financial Services Ltd IPO Grading / Rating
CRISIL has assigned an IPO Grade 2 to Microsec Financial Services Ltd IPO. This means as per CRISIL company has 'Below Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Microsec Financial Services Ltd.
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Microsec Financial Services Ltd IPO Tags:
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