A deluge of IPOs has kept the investors busy in September. After Happiest Minds struck the jackpot with their initial public offers, the pitch is now ready for other players to debut. The upcoming IPOs consists of companies manufacturing speciality chemical, to tech firms like Computer Age Management Servies. The next in the line is SecMark Consultancy.
Secmark Consultancy is a financial service company, offering solutions in areas of compliance, operation, risk management, legal mater solution, and software development mainly to its clients from stockbroking, wealth management industry. In FY 2020, the company had a strong client base of 200 plus customers and service centres in several Indian cities.
Secmark Consultancy Limited IPO will list in the SME segment in BSE stock exchange with an IPO size of Rs 15 crores. Here are a few key factors to note about Secmark SME IPO.
- Secmark will make a debut in BSE
- Secmark consultancy limited IPO date is set on September 18, and subscription will remain available through September 23
- The shares will launch in the price band of Rs 135 apiece as the company is hoping to amass around Rs 15 crore from their offering
- Investors can subscribe for a minimum lot size of one, comprising 1000 shares
- A total of 1,114,000 fresh shares will be issued carrying a face value of Rs 10
Company Performance And Financials
Secmark Consultancy may have its steady financial performance work to its favour. Company reports from the last financial year suggest that it has serviced more than 200 clients from the financial sector, including several large players from the segment. In FY 20, company’s PTA stood at Rs 116.32 lakhs, up from Rs 97 lakhs from 2019.
The company said in its stock exchange filing that it has plans to expand its footprint with the funds raised from the IPO offer. Secmark suggested that it will use the funds in meeting long and short-term company goals, including strengthening the c-suite section.
Several companies are floating their initial public offer shares in the market, hoping to encash on the early enthusiasm of the investors. IPOs are good to diversify your portfolio if they are selected wisely to align with your long-term financial goals.
You can now apply for IPO offers using UPI as a payment method. The digitised payment has made the subscription process efficient and added a layer of transparency to the whole system. If you don’t want to pay through UPI, you still bid for Secmark Consultancy Limited IPO using the net banking platform of your bank, downloading the ASBA IPO application.