BCB Finance Ltd has come with a Public Issue of 3540000 Equity Shares of Rs 10 each for Cash at a Premium of Rs 15 per share and one can start with 25 shares. The issue is opening on 23 Feb 2012 and is closing on 27 Feb. 2012.
The Objects of the Issue are as follows:
- To augment our capital base and provide for our fund requirements for increasing our operational scale with respect to our NBFC activities.
- To Meet the Issue Expenses
- To Meet General Corporate Expenses
In addition, our company expects to receive the benefits from listing of equity shares on the SME Platform of BSE.
The main objects clause of our Memorandum enables our Company to undertake the activities for which funds are being raised in the Issue. The existing activities of our Company are within the objects clause of our Memorandum.
Registrar to Issue
PURVA SHAREGISTRY INDIA PVT LTD.
9, Shiv Shakti Industrial Estate, J R Boricha Marg, Off N M Joshi Marg, , Near Lodha Excelus, Lower Parel (E) , Mumbai , Maharashtra - 400011
Phone: 23018261 Fax: 23012517
Verdict
One can skip this IPO and can instead concentrate on MCX IPO and aim for 20% gains with in 3 months of listing.
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