What is the next IPO?is that Swarnamahal Financial Services?

kan

kan

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can somebody tell me about swarnamahal financial services?

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http://www.news360.lk/markets/swarnamahal-financial-services-rated

http://sundaytimes.lk/100404/BusinessTimes/bt28.html

(SFS) has seen its profits grow by 10 times in 2010 whilst the Company is also planning a private placement next month before listing on the Colombo Stock Exchange (CSE).(Thursday, January 20, 2011)

EAP Group of Companies Director Nalaka Edirisinghe said SFL in 2010 recorded a before tax net profit of Rs. 82.6 m up from Rs. 8.5 million in 2009.

He further added that the gross income which was Rs.295 m in 2009 had increased by 58% to Rs. 466 million last year.

SFS is also planning to raise Rs. 55.6 million from a private placement of ordinary shares of the Company in February. The number of shares to be issued is 2,780,000 at an issue price of Rs.20 each.

“We have decided to offer an opportunity to our valuable customers for the subscription of the Ordinary Shares of the company. This issue will enable the company to maintain the required public float of 10% from the stated capital in order to list the company on the Colombo Stock Exchange as per regulations stipulated by the Central Bank of Sri Lanka,” Edirisinghe said. The Company last week opened for business in Vavuniya thereby increasing its branch network to 15. The branch in Vavuniya is in addition to Jaffna and Trincomalee and plans are underway to open for business in Batticaloa in March.

kan · 3 Private Placement and Share transfer Wed Mar 02, 2011 11:25 am

kan

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What is the difference between private placement and share transfer?can a company do a share transfer (percentage of directors shares to others) without doing a private placement and by that can they list in share market?

kan · 4 private placement and share transfer Wed Mar 02, 2011 12:50 pm

kan

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kan wrote:What is the difference between private placement and share transfer?can a company do a share transfer (percentage of directors shares to others) without doing a private placement and by that can they list in share market?

kan

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can any body answer this?

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*private placement means-The sale of securities directly to an institutional investor, such as a bank, mutual fund, insurance company, pension fund, or foundation. Does not require SEC registration, provided the securities are bought for investment purposes rather than resale, as specified in the investment letter.

*Unlike a public offering, a private placement does not have to be registered with the Securities and Exchange Commission (SEC), provided the securities are bought for investment and not for resale.

*transfer of shares is like transfer your property to another one..anyone can transfer shares(directors,owners)

*Advantages
--companies get to control the process and work directly with veteran investors who have deep expertise in the company, its industry, and in understanding growth potential. That allows the management team to stay focused on core business objectives instead of managing a volatile public offering to jittery investors.

--A private placement may also enable a small business owner to hand-pick investors with compatible goals and interests. Since the investors are likely to be sophisticated business people, it may be possible for the company to structure more complex and confidential transactions. If the investors are themselves entrepreneurs, they may be able to offer valuable assistance to the company's management. Finally, unlike public stock offerings, private placements enable small businesses to maintain their private status.

--do not require the assistance of brokers or underwriters, they are considerably less expensive and time consuming.

*read this
(http://www.oneminuteu.com/default.taf?page=content&id=2505)

****no mandatory of private placement before list in market..

hope this would help you........

kan

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it means a company can list in the market without doing a private placement?

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kan wrote:it means a company can list in the market without doing a private placement?

yup................

kan

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I applied for 12000 shares from Union bank..how many shares will I get?can guess?

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kan wrote:I applied for 12000 shares from Union bank..how many shares will I get?can guess?

no idea bro..............you know it is in a record high over subscription.
if they going to care of retailers,you gonna get some good amount.....
wait until the news release...........

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kan wrote:I applied for 12000 shares from Union bank..how many shares will I get?can guess?

You will receiv the balance amount on or after 8th March. Then you can calculate it.. jocolor

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What is the next IPO?is that Swarnamahal Financial Services?

1 What is the next IPO?is that Swarnamahal Financial Services? Wed Mar 02, 2011 9:48 am

kan

2 Re: What is the next IPO?is that Swarnamahal Financial Services? Wed Mar 02, 2011 10:05 am

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3 Private Placement and Share transfer Wed Mar 02, 2011 11:25 am

kan

4 private placement and share transfer Wed Mar 02, 2011 12:50 pm

kan

5 Re: What is the next IPO?is that Swarnamahal Financial Services? Wed Mar 02, 2011 12:52 pm

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6 Re: What is the next IPO?is that Swarnamahal Financial Services? Wed Mar 02, 2011 1:44 pm

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7 Re: What is the next IPO?is that Swarnamahal Financial Services? Wed Mar 02, 2011 1:55 pm

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8 Re: What is the next IPO?is that Swarnamahal Financial Services? Wed Mar 02, 2011 1:56 pm

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9 Re: What is the next IPO?is that Swarnamahal Financial Services? Wed Mar 02, 2011 2:06 pm

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10 Re: What is the next IPO?is that Swarnamahal Financial Services? Wed Mar 02, 2011 2:11 pm

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11 Re: What is the next IPO?is that Swarnamahal Financial Services? Thu Mar 03, 2011 1:58 pm

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12 Re: What is the next IPO?is that Swarnamahal Financial Services?

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