Saturday, July 21, 2012

Sangam Advisors IPO

Sangam Advisors, a Mumbai based financial services company, is entering capital market with a public issue of 23.04 lakh equity shares. The company aims to raise Rs 5.07 crore at Rs 22 a share through the issue. The company is engaged in the business of providing diversified financial services with a primary focus in assisting small and medium enterprises (SMEs) in corporate and non-corporate sector in their financial planning, corporate restructuring and fund syndication requirements.

Sangam Advisors IPO shall open on 24 July, 2012 and shall close on 26 July, 2012. The company has fixed a price of Rs 22 per equity share.

The company intends to use issue proceeds for investments in listed / unlisted securities and financial products. 

Equity shares are proposed to be listed on BSE SME platform. Aryaman Financial Services Limited is the lead manager to the issue.


Allotment:

Click here to check for Sangam Advisors IPO Allotment Status!

Listing:

Sangam Advisors IPO got listed on 21 August, 2012. The stock touched an intraday high of Rs 22.20 and low of Rs 21.95 around afternoon trade, before closing at Rs 22.10 against issue price of Rs 22.


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