Indian IPO Blog: Steel City Securities IPO
Showing posts with label Steel City Securities IPO. Show all posts
Showing posts with label Steel City Securities IPO. Show all posts

Saturday, February 4, 2017

Steel City Securities IPO - Objects to the Issue

February 04, 2017 0
Steel City Securities IPO - Objects to the Issue
The funds raised through fresh issue equity in Steel City Securities IPO are proposed to be utilized for:

- Investment in technology upgradation & office infrastructure for expansion of e-governance business;
- Setting up of AADHAR Enrolment centre at all our existing branches;
- Enhancement of Company’s brand through advertising and other brand-building activities;
- Working capital requirement;Meeting the expenses to the Offer; and
- General Corporate Purposes

Steel City Securities IPO opens from Feb 6

February 04, 2017 0
Steel City Securities IPO opens from Feb 6
Steel City Securities Ltd., a leading stock broking and e-governance service company now plans to enter the capital market with initial public offer of 49,08,000 equity shares of face value Rs 10 each for cash aggregating up to Rs 26.99 crore.

The Issue opens on Monday, February 6th, 2017 and closes on Thursday, February 9th, 2017 and the Price is fixed at Rs 55/- per equity share. The issue is of fixed price type as opposed to a book building issue