Incorporated in 1999, East India Securities Ltd is engaged in the business of Broking (Equity and Equity Derivatives and Currency Derivatives). They are one of the largest Clearing Member for Equity Derivatives in NSE, and Currency Derivatives in NSE/MCX/USE in Eastern India. They also provide services as a Depository Participant (NSDL/CDSL); Distributor (Mutual Funds, Primary Issuer of Equity and Fixed Income Securities); and play an Advisory role in Corporate Financing and Risk Management.
They are also engaged in the business of Mutual Fund Advisor/Distributor and are a member of AMFI. Company is engaged in making proprietary investments in various tradable securities. Company's clients include Public/Private Banks, Insurance companies, Domestic Mutual Funds, AIFs and FPIs.
The promoters of the company are:
1. Mr. Vivek Agarwal and
2. Mr. Lakshmendra Kumar Agarwal
The object of the issue are to:
1. Enhance the visibility and brand and provide liquidity to its existing shareholders;
2. General corporate purposes.
»» Issue Open: Mar 5, 2018 - Mar 7, 2018
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 1,008,000 Equity Shares of Rs 10 aggregating up to Rs 92.74 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 920 Per Equity Share
»» Market Lot: 160 Shares
»» Minimum Order Quantity: 160 Shares
»» Listing At: BSE SME
East India Securities IPO Subscription Status tells if East India Securities IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. East India Securities IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Others||Total|
|Shares Offered / Reserved||0||0||0||0||1,008,000|
|Day 1 - Mar 5, 2018 17:00 IST||0||176,640||2,880||-||179,520|
|Day 2 - Mar 6, 2018 17:00 IST||0||1,332,800||18,720||-||1,351,520|
|Day 3 - Mar 7, 2018 17:00 IST||2,720||1,573,280||91,360||-||1,667,360|
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