Thursday, February 23, 2012

BCB Finance IPO

BCB Finance Ltd, a company engaging in the business of advancing loans and trading in securities, has come out with an IPO of 3.54 million shares and an issue size of Rs 8.85 crores. The company operates as a Non Deposit taking, Non-systemically Important, Non Banking Finance Company. BCB Finance offer a variety of products and services which includes loan against securities, IPO funding and unsecured loans to various clients.

The IPO will open on 23 February, 2012 and will close on 27 February, 2012. The price of the issue has been fixed at Rs 25 per share.

The company intends to utilize the proceeds of the IPO to augment capital base and provide for fund requirements for increasing operational scale with respect to NBFC activities; to meet the issue expenses; and to meet general corporate expenses.

The IPO will get listed on BSE. Aryaman Financial Services Limited is the lead manager of the issue and Purva Sharegistry India Pvt Ltd is the registrar of the issue.

Subscription:
BCB Finance IPO has got subscribed by 1.5 times.

Allotment:
Click here to check BCB Finance IPO Allotment status!

Listing:
BCB Finance IPO got listed on 13 March, 2012. The share closed at its lower circuit limit of Rs 25.70 on listing day on the BSE.