Microsec Financial Services falls below IPO price

Settles at Rs 110.90 on BSE

Microsec Financial Services settled at Rs 110.90 on BSE, a 6.01% discount to the initial public offer price of Rs 118.

Microsec Financial Services Listing Date

Microsec Financial Services Listing Date : Oct 5 2010

Microsec Financial Services Allotment Status

Microsec Financial Services Allotment Status can be checked here

Microsec Financial Services Subscription Allotment Details

Qualified Institutional Buyers (QIBs) 5.91
Non Institutional Investors 35.88
Retail Individual Investors (RIIs) 11.04

Microsec Financial Services IPO Review

Investors with a low-to-medium risk appetite can give the initial public offering of Microsec Financial Services a miss. Concentrated regional exposure, high competition in each of its business verticals and risks pertaining to execution of its expansion plans underscore our recommendation.

Microsec Financial Services IPO Analysis

Multiple services provider

Operates in competitive market with regional presence

Microsec Financial Services, a non-banking financial company registered with the Reserve Bank of India, is into financing and investment, investment banking, broking and wealth management, insurance broking, financial planning and related services. Incorporated as Satyam Fiscal Services on 6 June 1989, the name was changed to Microsec Financial Services (MFSL) from 21 October 2005. The Microsec group operates through the issuer, MFSL, and its subsidiaries, Microsec Capital, Microsec Resources, Microsec Technologies, Microsec Insurance Brokers, Microsec Commerze, and PRP Technologies.