What is the expected size of the Microsec MFSL IPO?
The Microsec Financial Services IPO is expected to raise around 1600 million Rs. from the IPO or initial public offering.
How many shares will be offered for sale through the Microsec MFSL IPO?
A total of 8 million shares will be offered for sale through the Microsec IPO.
What is the business and valuations of Microsec Financial Services?
MFSL is a financial services company providing primarily retail broking, loan against shares (LAS) to support the broking business and investment banking services. It also offers commodity broking, insurance broking and distribution of financial products to complete the bouquet of offerings. Further, the company is in the process of launching institutional equities broking and portfolio management services in the current year. MFSL is headquartered in Kolkata and operates from around 196 business-locations in 49 Indian cities. Of the total 196 branches the company owns around 17 branches and the rest are franchisee-based. The company derives a major portion of its revenues from the eastern India region.
What will be the price range or price band of Microsec MFSL IPO?
As per the no. of shares offered and expected size of the Microsec MFSL IPO, the price per share for Microsec MFSL IPO shares will be around 200 Rs. per share.
Any ratings assigned to Microsec MFSL IPO?
Yes. And the news is not very good for Microsec MFSL IPO. CRISIL has assigned IPO Grade "2/5" to the initial public offer of Microsec Financial Services Ltd, indicating the fundamentals of the issue are below average.
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