SKP Securities Ltd

SKP Securities Ltd

Started as an Finance companySKP Securities Limited has widen its services in other financial activities other than lending of money. The company has been engaged in Stock BrokingMerchant Banking & Corporate FinancePortfolio Management & Investment Advisory and other finance related services.The company has raised its Paid-up Equity Share Capital from Rs.2.25 crores to Rs.3.00 crores through an IPO (which was oversubscribed by 12 times) of 750000 Equity Shares of Rs.10 each at par during the year 1996.During the year 1997SKP Brokerage Limited(SBL) was amalgamated with SKP Securities and consequent of this700000 Equity Shares of the company which was held by SBL as investmentcancelled and subsequently the Equity Capital of SKP Securities Limited has been reduced to Rs.2.30 crores. In the year 1998.pursuant to amalgamation of SBL with the companyShareholders of SBL has been allotted 2750000 Equity Shares of Rs.10 each at par.Consequent of this allotmentcompany's Equity Paid up stood at Rs.5.05 crores.SKPin the year 2002 has started its operations as DP(Depository participant) of both NSDL and CDSL.The company has also bagged the prestigiousPru Chairman's Gold Award 2001 and Hall of Fame Award 2002 from Prudential ICICI Mutual Fund and Standard Chartered Mutual Fund respectively for being the top distributor of their mutual funds in the Eastern Region.