Microsec Financial Services IPO opens September 17
Microsec Financial Services will enter the primary market Friday with an initial public offer of 12.5 million shares.
By ET Bureau |
MUMBAI: Microsec Financial Services will enter the primary market Friday with an initial public offer of 12.5 million shares. The company has fixed price band in the range of Rs 113-118 per share.
The firm, which offers broking and financial services, plans to use the proceeds to fund its expansion plans. SBI Capital Markets is the lead manger to the issue.
The Company plans to use the proceeds for expansion of its financing business, expansion of Microsec Capital Limited's (a subsidiary of the company) domestic operations by increase in network of branches, enhancing Microsec Capital Limited's existing technological capacity and general corporate purposes.
The firm, which offers broking and financial services, plans to use the proceeds to fund its expansion plans. SBI Capital Markets is the lead manger to the issue.
The Company plans to use the proceeds for expansion of its financing business, expansion of Microsec Capital Limited's (a subsidiary of the company) domestic operations by increase in network of branches, enhancing Microsec Capital Limited's existing technological capacity and general corporate purposes.
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