Friday, July 17, 2015

Amrapali Fincap IPO to open on July 20th

Amrapali Fincap Ltd (AFL) is entering in the capital markets (through BSE SME) with an initial public offering, IPO of  3,540,000 Equity Shares of Rs 10/- each aggregating Rs. 42.48 Crore. The price for the issue has been fixed at Rs 120 per share.

AFL is engaged in the business of providing loan and advances and in to the business of trading in commodity and Shares. Mainly they are trading in shares of listed entities, silver, gold and agriculture products.

The issue opens on Jul 20, 2015 and closes for subscription on Jul 22, 2015. The equity shares of the issue are proposed to be listed on the SME Platform of BSE.