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Sep 11, 2012, 06.10 PM IST
Shares of SRG Housing Finance rose 1.5% to close at Rs 20.30 on listing day after hitting an intraday high of Rs 20.35 on the BSE SME platform.
The stock traded with volumes of only 1.68 lakh equity shares. SRG Housing Finance is primarily engaged in the business of providing housing finance for home ownership. 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 issue proceeds proposed to be used for increasing capital base and fund requirements for increasing its operational scale with respect to disbursement of housing and related loans activities.
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