Suraj Securities

EPW Research Foundation Suraj Securities SURAJ SECURITIES AND FINANCE which is presently engaged in various financial services like leasing, securities, trading, merchant banking, etc, now plans to expand its activities to include bill discounting, hire purchase, bridge financing, etc. The company has already obtained SEBI Category I Merchant Banker status. For the year 1992-93 the company earned a net profit of Rs 17 lakh on a total income of Rs 21 lakh while for the nine months ended December 31,1993 net profit rose to Rs 40 lakh on a total income of Rs 60 lakh. The company plans to finance its total requirements of funds aggregating Rs 5.7 crore through internal accruals of Rs 2.4 crore and a public issue of equity shares of Rs 10 each at a premium of Rs 7 per share. The issue aggregating Rs 3.3 crore will open for public subscription on June 8.