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Sep 10, 2012, 05.08 PM IST
SRG Housing Finance will list its equity shares on BSE SME platform on Tuesday, September 11, 2012. The issue price is fixed at Rs 20 a share.
The company raised Rs 7 crore through the issue of 35.04 lakh equity shares of face value of Rs 10 each, which was opened for subscription during August 22-28.
The company is primarily engaged in the business of providing housing finance for home ownership. Presently, it has one head office and 3 satellite centers located in Rajasthan and the Company is targeting to open another 10 satellite centers which are to be located in tier 2 cities, tier 3 cities, District and Tehsil head quarters and at the peripheries of tier 1 cities.
The outstanding loan portfolio of SRG Housing Finance has grown at a CAGR of 24.13% from Rs 318.89 lakh as of March 31, 2008 to Rs 757.13 lakh as of March 31, 2012. At the same time, its profit after tax (PAT) has grown at a CAGR of 30.43% over a four-year period from Rs 11.13 lakh for fiscal 2008 to Rs 32.21 lakh for fiscal 2012.
The company proposed to increase its capital base and provide for its fund requirements for increasing its operational scale with respect to disbursement of housing and related loans activities, through this issue.
Aryaman Financial Services Limited is the lead manager and Sharex Dynamic (I) Private Limited is the registrar for the issue. This will be the 7th SME issue on BSE SME platform.
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