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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.

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.

East India Securities IPO Details

East India Securities IPO Date Mar 5, 2018 to Mar 7, 2018
East India Securities IPO Face Value ₹10 per share
East India Securities IPO Price ₹920 per share
East India Securities IPO Lot Size 160 Shares
Issue Size1,008,000 shares of ₹10
(aggregating up to ₹92.74 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The promoters of the company are:

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

East India Securities IPO Lot Size

The East India Securities IPO lot size is 160 shares. A retail-individual investor can apply for up to 1 lots (160 shares or ₹147,200).

Application Lots Shares Amount
Retail (Min) 1 160 ₹147,200
Retail (Max) 1 160 ₹147,200

East India Securities IPO Review

This is the biggest SME IPO in the history so far. Company has posted surprising performance for last twenty one months. Promoters are selling over 27% stake that has average cost of acquisition of Rs. 10 and Rs. 10.27 per share. It appears issue is aggressively priced considering NAV due to non-capitalized reserves. Another surprise is while other companies are coming with IPO either with September 17 or December 2017 performance, this company has given performance till 20.01.18 of the current fiscal. Merchant banker has no track record. Considering all these, investors may consider investment at their own risk.

Read detail review...


East India Securities IPO Subscription Status (Bidding Detail)

The East India Securities IPO is subscribed times on Mar 7, 2018 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Total

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 Group of Securities
ISIN INE482Z01019
IPO Price ₹920 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹920.00
₹921.90
₹921.90
₹931.00
₹930.00

Company Contact Information

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

East India Securities IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/

East India Securities IPO Review

East India Securities IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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East India Securities IPO FAQs

East India Securities IPO is a SME IPO of 1,008,000 equity shares of the face value of ₹10 aggregating up to ₹92.74 Crores. The issue is priced at ₹920 per share. The minimum order quantity is 160 Shares.

The IPO opens on Mar 5, 2018, and closes on Mar 7, 2018.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The East India Securities IPO opens on Mar 5, 2018 and closes on Mar 7, 2018.

East India Securities IPO lot size is 160 Shares and the minimum order quantity is .

You can apply in East India Securities IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for East India Securities IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the East India Securities IPO allotment status.

The East India Securities IPO listing date is on Tuesday, March 13, 2018.
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East India Securities IPO Message Board

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35 Comments

20. codati |   Link |Apr 4, 2018 9:46:40 AM
sooper doopper flop show, money down the drain:(:(
19. sauravk |   Link |Mar 27, 2018 2:13:53 PM
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Ek Dhakka aur do, 500 ka level tod do !!
18. DownriteVJ |   Link |Mar 15, 2018 10:52:42 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Flat Listing
17. rvr |   Link |Mar 13, 2018 9:33:10 AM
allotted 1 lot...buyers getting increased..no negative listing...cheers
16. satheesh Kumar |   Link |Mar 12, 2018 5:52:22 PM
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 :-)
16.1. abc xyz |   Link |Mar 12, 2018 8:49:35 PM
True. NII have subscribed this issue. They are more intelligent and more concerned about their money. Let us wait and watch the game
15. DownriteVJ |   Link |Mar 6, 2018 4:43:58 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Fully Subscribed
15.1. shivika |   Link |Mar 11, 2018 11:54:50 AM
@Downritevj
your advice regarding asterdm...may of us are holding it...what are the chances of profits..or no chance at all
15.2. DownriteVJ |   Link |Mar 12, 2018 11:50:15 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ 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.
14. abc xyz |   Link |Mar 10, 2018 1:07:48 PM
Today Equity Shares of East India Securities have been credited.
14.1. rvr |   Link |Mar 10, 2018 4:01:19 PM
you mean shares allotted and creditted....which bank u r using?
14.2. rvr |   Link |Mar 10, 2018 7:01:00 PM
I am using zerodha...not reflected yet
13. NEMI CHAND AJMERA |   Link |Mar 10, 2018 1:14:42 PM
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
13.1. abc xyz |   Link |Mar 10, 2018 1:47:07 PM
Your calculations are true. Let us see whow these NII works with this equity
12. DownriteVJ |   Link |Mar 7, 2018 11:09:22 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
RII      0.05X
Overall      1.52X

Interesting that HNIs are filling it up
11. LUCKY SINGAL |   Link |Mar 7, 2018 10:47:28 AM
link to check subscription figures at BSE
10. Jevish Shah |   Link |Mar 7, 2018 9:02:56 AM
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.
9. IPOANALYSIS |   Link |Mar 6, 2018 9:32:01 AM
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
9.6. coolaks |   Link |Mar 6, 2018 9:27:07 PM
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?
9.7. Umang and his ultrasonic uproar |   Link |Mar 6, 2018 10:13:07 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ 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.
8. IPOANALYSIS |   Link |Mar 6, 2018 9:41:56 PM
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
7. Carn Mohan |   Link |Mar 6, 2018 3:29:38 PM
IPO Mentor IPO Mentor (900+ Posts, 400+ Likes)
Nse sme good
Bse sme poor
6. DownriteVJ |   Link |Mar 5, 2018 5:01:49 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ 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
5. satheesh Kumar |   Link |Mar 4, 2018 5:30:43 PM
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
4. SKGKOL |   Link |Mar 3, 2018 1:10:54 PM
Please tell me in sme ipo how much shares
To be allotted applied lot or reduced shares
Then applied lot
3. Ficpl |   Link |Mar 2, 2018 8:01:43 PM
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
Looks attractive ... I will apply for this .
2. akash sav |   Link |Mar 2, 2018 6:05:32 PM
Umang your review
1. drimran |   Link |Mar 1, 2018 10:13:21 PM
apply or avoid
1.1. alok marwadi |   Link |Mar 2, 2018 10:04:47 AM
TOO GOOD. PE ON DILUTED EQUITY AND ANNUALIZED FY18 9MONTH EARNING PER SHARE OF RS 100 IS ONLY 9.2.
1.2. Kishor Asher |   Link |Mar 2, 2018 4:43:23 PM
Face value is 10 and not 100 as mentioned below