SSPN Finance Ltd - IPO

SSPN Finance Ltd IPO Details

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 marketmaker 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.

Objective of issue

Augmenting long term working capital.

SSPN Finance Ltd Contact Details

SSPN Finance Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - sspnfinance@gmail.com

Website - www.sspn.co.in