Comfort Securities IPO

Comfort Securities IPOMumbai based broking company Comfort Securities is preparing to tap capital-markets for business enlargement. The firm has filed DRHP with the market regulator Securities and Exchange Board of India for a public issue of 95lakh equity stocks.

Comfort is a varied finance services firm providing numerous products & services covering equity broking, merchant banking, depository participants and currency derivatives for all types of investors, retail, namely, institutional and high networth individuals .

IPO Issue cash will be utilized for enlarging domestic operations as well as network of branches with value of Rs 19.72 cr improvement of margin funds managed with the exchanges with value of Rs 31.25 cr as well as brand-building and promotional activities along with Rs 7 cr.

Promoters share holding will be decreased to 55.28 percent from 99.99percent. Annu Agrawal as well as Comfort Intech Ltd will be keeping 25.12 percent & 27.06 percent post issue.

More news will come later…….

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