Business Daily from THE HINDU group of publications
Sunday, Feb 10, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Sunday, Feb 10, 2008 ePaper | Mobile/PDA Version |
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Markets
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IPOs Our Bureau Kolkata, Feb. 9 The city-based Microsec Financial Services Ltd, a diversified financial services company engaged in investment banking, retail brokerage (equity and commodities), wealth management, insurance broking, IPO and mutual funds distribution, proposes to enter the capital market with a public issue of Rs 160 crore. The company has filed the Draft Red Herring Prospectus (DRHP) with SEBI for the purpose. SBI Capital Markets is the BRLM for the issue. Microsec, headquartered in Kolkata, in a statement, announced that it plans to launch institutional equities and portfolio management services. It is stated that the company operates from around 176 business locations in 49 Indian cities and towns. The Group operates through Microsec Financial Services Ltd (MFSL), the holding company for all the group subsidiaries. MFSL is an NBFC, and is principally engaged in the businesses of loans against shares and advisory financial services. Some of the group subsidiaries are Microsec Capital Ltd, Microsec Resources Pvt Ltd, MIL Technologies Ltd, Microsec Insurance Brokers Ltd and Microsec Commerze Ltd. More Stories on : IPOs | Financial Services
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