GLANCE FINANCE LTD

CLOSED

OFS · IPO Guide

Floor Price

₹45

Lot Size

1Shares

Min. Investment

₹45

Subscription

1.63x

Expert Rating

Avoid

For GLANCE FINANCE LTD, it has shown very zigzag results. Current share price is around 46.35 with visibly not much difference from OFS price 45. So, we suggest AVOID for this OFS.

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

Period	Total Income	Total Expenses	Profit After Tax (PAT)
FY20	5.38	5.73	(1.45)
FY19	4.33	3.82	0.49
FY18	10.31	9.69	0.33
FY17	9.37	9.03	0.46
FY16	13.60	13.28	0.30

Start Date	Sep 23, 2020
Close Date	Sep 24, 2020
Offer Size	—
Offer Size for Retail Investors	Base Offer Size 0 shares
Offer Size for Non Retail Investors	Base Offer Size 0 shares
Face Value	Rs 10/- Per Equity Share
Floor Price	Rs 45/- Per Equity Share
Lot Size	1
Tick Price	0.05
Min Bid Quantity	1
Allocation Methodology	Price Priority
Non Retail Clearing Price	Rs 45/-
Retail Clearing Price	Rs 45/-
Selling Member	Joindre Capital Services Ltd
Seller Promoter	Dr. Anil Jindal, Mr. Sunil Jindal, Mr. Bishan Bansal, Mr. Raju Bansal, BTL Industries Limited, BTL Portfolio Limited

GLANCE FINANCE LTD

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