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East India Securities Ltd IPO (East India Securities IPO) Detail

Mar 5, 2018 - Mar 7, 2018

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.

Company Promoters:

The promoters of the company are:

1. Mr. Vivek Agarwal and
2. Mr. Lakshmendra Kumar Agarwal

Objects of the Issue:

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 Detail:

  »»  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 Reviews / Recommendations:

Dilip Davda - Other

 

East India Securities IPO Subscription Status / Live Bidding Status

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.

East India Securities IPO - How Many Times Subscribed?
Number of Bids Received
As on Date & TimeQIBNIIRIIOthersTotal
Shares Offered / Reserved00001,008,000
Day 1 - Mar 5, 2018 17:00 IST0176,6402,880-179,520
Day 2 - Mar 6, 2018 17:00 IST01,332,80018,720-1,351,520
Day 3 - Mar 7, 2018 17:00 IST2,7201,573,28091,360-1,667,360

East India Securities IPO Prospectus

East India Securities IPO Rating

45
3.4
Rating:Rated 3.4 stars

Vote Here ...

East India Securities IPO Listing Date

  •   ›  Listing Date: Tuesday, March 13, 2018
  •   ›  BSE Script Code: 541053
  •   ›  NSE Symbol:
  •   ›  Listing In: MT
  •   ›  ISIN: INE482Z01019
  •   ›  Issue Price: Rs 920 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE SME
Rs 920.00
Rs 921.90
Rs 921.90
Rs 931.00
Rs 930.00
17,760

East India Securities IPO News Alerts

  1. Monday, May 7, 2018 12:00:00 AM
    East India Securities IPO Allotment Status
  2. Tuesday, March 13, 2018 12:00:00 AM
    East India Securities IPO Listing Date & Info
  3. Wednesday, March 7, 2018 12:00:00 AM
    East India Securities IPO Closes on Mar 7, 2018
  4. Monday, March 5, 2018 12:00:00 AM
    East India Securities IPO Opens on Mar 5, 2018

Company Contact Information

East India Securities Ltd
10/1D Lal Bazar Street,
Mercantile Building,
Kolkata- 700001
Phone: +91 (033) 40205929
Fax: : +91 (033) 23586631
Email: sme.ipo@eisec.com
Website: http://www.eisec.com

East India Securities IPO Registrar

Cameo Corporate Services Limited   »  Report
   Cameo Corporate Services Ltd.,
   Subramanian Building # 1, Club House Road,
   Chennai 600 002 - India

Phone: +91-44-28460390
Fax: +91-44-28460129
Email: investor@cameoindia.com
Website: http://www.cameoindia.com

East India Securities IPO Lead Manager(s)

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East India Securities IPO Review / Comments

avatar
20. codati  Apr 4, 2018 9:46:40 AM IST I Like It. | Report Abuse
sooper doopper flop show, money down the drain:(:(
avatar
19. sauravk  Mar 27, 2018 2:13:53 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Ek Dhakka aur do, 500 ka level tod do !!
avatar
18. DownriteVJ  Mar 15, 2018 10:52:42 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Flat Listing
avatar
17. rvr  Mar 13, 2018 9:33:10 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
allotted 1 lot...buyers getting increased..no negative listing...cheers
avatar
16. satheesh Kumar  Mar 12, 2018 5:52:22 PM IST I Like It. | Report Abuse
Allocated 1 lot due to its under subscribed.keeping Finger crossed for its listing.
Planning to hold for 1-2 years,not focused on the listing gain :-)
avatar
16.1. abc xyz  Mar 12, 2018 8:49:35 PM IST I Like It. | Report Abuse
True. NII have subscribed this issue. They are more intelligent and more concerned about their money. Let us wait and watch the game
avatar
15. DownriteVJ  Mar 6, 2018 4:43:58 PM IST I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Fully Subscribed
avatar
15.1. shivika  Mar 11, 2018 11:54:50 AM IST I Like It. | Report Abuse
@Downritevj
your advice regarding asterdm...may of us are holding it...what are the chances of profits..or no chance at all
avatar
15.2. DownriteVJ  Mar 12, 2018 11:50:15 AM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Aster DM.. more downfall expected. Need to hold atleast for a year or two to achieve some nominal profits.

Just my thoughts.

Ask for inputs from other.
avatar
14. abc xyz  Mar 10, 2018 1:07:48 PM IST I Like It. | Report Abuse
Today Equity Shares of East India Securities have been credited.
avatar
14.1. rvr  Mar 10, 2018 4:01:19 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
you mean shares allotted and creditted....which bank u r using?
avatar
14.2. rvr  Mar 10, 2018 7:01:00 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
I am using zerodha...not reflected yet
avatar
13. NEMI CHAND AJMERA  Mar 10, 2018 1:14:42 PM IST I Like It. 4 | Report Abuse
In this issue Nii applied for more than 15.00 lacs shares.Retailers applied less than 1.00 lacs.It is giving share @920 which is at around only 12pe.I think value of 920 did not understand by small investor. They thought that this is highly priced issue and perhaps did not apply. While it''s peers geojit financial and aditya birla is trading at around 40 pe.And those applied in this issue can be assumed to be serious investor.Only after two days shares credited in a/C. Now it is evident that only 9 %share available with small investor of alloted shares.So it will be interesting to see on listing who sell or buy shares
avatar
13.1. abc xyz  Mar 10, 2018 1:47:07 PM IST I Like It. 2 | Report Abuse
Your calculations are true. Let us see whow these NII works with this equity
avatar
12. DownriteVJ  Mar 7, 2018 11:09:22 AM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
RII      0.05X
Overall      1.52X

Interesting that HNIs are filling it up
avatar
11. LUCKY SINGAL  Mar 7, 2018 10:47:28 AM IST I Like It. | Report Abuse
link to check subscription figures at BSE
avatar
10. Jevish Shah  Mar 7, 2018 9:02:56 AM IST I Like It. 1 | Report Abuse
Hey umang I have 1 lot of cadsys bought at 95.Will the results in may change it’s direction or it will go further down.
avatar
9. IPOANALYSIS  Mar 6, 2018 9:32:01 AM IST I Like It. 3 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Boycott all new bse sme ipo
It will be in t2t .look at fate of last 2 sme angel fiber and tasty on listing day both closed lower circuit. Avoid . Also such large issue. Now it waste of time to apply new sme ipo.better to buy good sme from secondary market
avatar
9.6. coolaks  Mar 6, 2018 9:27:07 PM IST I Like It. | Report Abuse
Thanks Umang. Saw your recommendation in midcaps.
Just wanted to ask how are these sme stocks?
Jash Engineering-
Lexus Granito
Worth periperals
Infobean tenchnology.
If you look all the financials they are very good company. Also their P/E and EPS is attractive what do you think of these stocks?
avatar
9.7. Umang and his ultrasonic uproar  Mar 6, 2018 10:13:07 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Main problem with sme is, you can''t buy in tranches, one has to buy in lots. So if u buy any sme & it falls 30% from your purchase price, then u can''t average it. It requires lot of money.
Whereas in main board u can buy any quantity.

Jash & worth are promising. Don''t know about other two. But I still feel this is not the time for bargain hunting.Nifty can test 10000 level, so be cautious.
avatar
8. IPOANALYSIS  Mar 6, 2018 9:41:56 PM IST I Like It. 2 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
4 sme are moving to main board meeting .earlier issues like jiya ecoproducts have rallied 40 pc after going to main board as it increase liquidity
Stocks to main board include 1) fourth dimension 2) lancer container 3) loyal equipment 4) hi tech pipe
avatar
7. Carn Mohan  Mar 6, 2018 3:29:38 PM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Nse sme good
Bse sme poor
avatar
6. DownriteVJ  Mar 5, 2018 5:01:49 PM IST I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
(1) Uniinfo
Retail 0.24X
Overall 0.18X

(2) Sarveshwar
Retail 0.10X
Overall 0.13X

(3) East India
Retail 0.01X
Overall 0.18X
avatar
5. satheesh Kumar  Mar 4, 2018 5:30:43 PM IST I Like It. 4 | Report Abuse
My views on sme stocks are those who can have the patience to wait until 3 years if they they invested in fundamentally good stock .But few retail investors blindly invest and loose the money..For sme stock,more than seeing the fundamentally,we need to see the quality of promotor
avatar
4. SKGKOL  Mar 3, 2018 1:10:54 PM IST I Like It. | Report Abuse
Please tell me in sme ipo how much shares
To be allotted applied lot or reduced shares
Then applied lot
avatar
3. Ficpl  Mar 2, 2018 8:01:43 PM IST I Like It. 7 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
Looks attractive ... I will apply for this .
avatar
2. akash sav  Mar 2, 2018 6:05:32 PM IST I Like It. | Report Abuse
Umang your review
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1. drimran  Mar 1, 2018 10:13:21 PM IST I Like It. | Report Abuse
apply or avoid
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21.1. alok marwadi  Mar 2, 2018 10:04:47 AM IST I Like It. | Report Abuse
TOO GOOD. PE ON DILUTED EQUITY AND ANNUALIZED FY18 9MONTH EARNING PER SHARE OF RS 100 IS ONLY 9.2.
avatar
21.2. Kishor Asher  Mar 2, 2018 4:43:23 PM IST I Like It. | Report Abuse
Face value is 10 and not 100 as mentioned below
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