The Inventure Growth & Securities, a brokerage firm, announces its Rs 30 crore investment plan on the strengthening of its subordinate Inventure Finance. The firm witnessed an increase by 2% at the index of Bombay Stock Exchange.

The Company has witnessed earnings of Rs 82 crore from the sales in the previous month. The Company executes its operations mainly in the states of Maharashtra, Rajasthan and Gujarat. The Company is planning to offer gold loans and merchant banking from its subordinate firm.

As per Inventure Growth & Securities (IGSL) Chairman and Managing Director, Mr. Nagji K. Rita, “We are planning to utilize Rs 30 crore in expanding our non banking finance company (NBFC) — Inventure Finance, about Rs 20 crore for augmenting long-term capital requirements and the rest for general corporate purposes”.

The Company will be listing its new Inventure Finance at the BSE index on Thursday, August 4, 2011. The total public issue will comprise of 70,00,000 equity shares of Rs. 10 each at a price of Rs. 117 per equity share aggregating to Rs. 81.90 crore. The issue constitutes of 33.33% of the capital of Company which is in a fully diluted post issue form.