Stock broking firm SMC Global Securities Ltd has filed its initial papers with the market regulator Sebi for the public issue of 1.58 crore shares.
As per information available withe the Sebi, SMC Global Securities has filed draft red herring prospectus (DRHP) for the public issue of 1.58 crore equity shares of face value of Rs 2 each. The company is planning to list these shares on the BSE and the NSE.
The equity shares of the company are already listed on the Delhi Stock Exchange, Calcutta Stock Exchange among others.
SMC Global Securities said that the issue comprises of a fresh 79.33 lakh equity shares by the company and the same quantity through an offer for sale route by Millennium India Acquisition Company Inc.
It further said that 6,34,690 equity shares have been reserved for allocation to eligible employees.
Tata Capital, IL& FS Capital Advisors and Link Intime India Pvt Ltd are the book running lead managers to the issue
The company had posted a total income of Rs 292.24 at the year ended March 31, 2012.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app