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I.P.O. / Offerings | 4 September 2013

Stellar Capital Files DRHP On BSE-SME

by Tilak Devadiga
Stellar Capital Files DRHP On BSE-SME
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Stellar Capital has filed a DRHP with BSE-SME for an IPO to raise R8.5 Cr by issuing 4.25 Mn shares to the public at R20 each. The company plans to utilize the funds for acquiring offices on rent / lease in Kolkata and Jaipur and to augment its capital base and scaling up its core operations as a NBFC.

Aryaman Financial Service has been given the mandate to manage the issue.

Stellar Capital is Delhi a based NBFC incorporated in 1994 engaged primarily in the business of advancing loans and investing/trading in securities.
The company plans to expand its portfolio of products and services by introducing products such as loans against property, IPO funding, financial and management consultancy in addition with the existing products of unsecured ICD’s and loans and personal loans.

The Ashish Bansal and Vikram Sharma promoted company clocked a PBT of R14.50 lacs for the year ended March 31, 2013 and R21.16 lacs for Q1 of FY14 and has an outstanding loan book to the tune of R19.3420 Cr and R17.8785 Cr for the same periods

With the overall demand for finance in the MSME sector estimated to be R32.5 trillion and with Department of Finance proposing to double the outlay of the state-owned Small Industries Development Bank refinance facility to Rs 10,000 crore for the financial year 2013-14, the MSME sector is expected to achieve growth and fuel demand for the company’s products and services.

Even as big companies find it difficult to raise capital from the market, smaller ones are defying the challenging market conditions. The recent SME to tap the public money are;

BSE SME(Source: BS)

Other that have lined up for IPO on the same platform include Satkar Finlease Services, SRG securities, Prabhat Telecoms to name a few.

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