SPS Finquest Ltd - IPO

SPS Finquest Ltd IPO Details

Public issue of 33,44,000 equity shares of Rs. 10/- each (equity shares of SPS Finquest Limited (SPS, the Company or the Issuer) for cash at a price of Rs. 75/- per equity share (the issue price) aggregating to Rs. 25.08 crores (the issue). The face value of the share is Rs.10/- each and the issue price is 7.5 (seven and half) times of the face value. The issue is being made in terms of chapter XB of SEBI (ICDR) regulations, 2009 as amended (the SEBI regulations). Out of the proposed issue of 33,44,000 equity shares, 5,15,200 equity shares are reserved for subscription by the promoters and 1,68,000 equity shares are reserved for subscription by the market maker (the market maker reservation portion).the issue less the portion reserved for the promoters and the market maker i.e. Issue of 26,60,800 equity shares of Rs 10/- each is hereinafter referred to as the net issue. The issue and the net issue will constitute 74.24%and 59.08% respectively of the post issue paid up equity share capital of the company.

Objective of issue

To augment the capital base & to repay debt.

SPS Finquest Ltd Contact Details

SPS Finquest Ltd, 21 Shakil Niwas, Mahakali Caves Road, Andheri (E), Mumbai - 400 093

Phone - 91-22-28262920

Fax - 91-22-28207207

Email - info@spsfinquest.co.in, cs@spsfinquest.co.in

Website - www.spsfinquest.co.in