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Aug 17, 2012 05:30 PM IST | Source: Moneycontrol.com

Sangam Advisors IPO to open on July 24

Mumbai based Sangam Advisors is entering capital market with a public issue of 23.04 lakh equity shares on July 24.

Sangam Advisors IPO to open on July 24

Mumbai based Sangam Advisors is entering capital market with a public issue of 23.04 lakh equity shares on July 24.


Company aims to raise Rs 5.07 crore at Rs 22 a share through the issue, which closes on July 26.


It 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 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.

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