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East India Securities IPO is a fixed price issue of Rs 92.74 crores.
East India Securities IPO bidding started from March 5, 2018 and ended on March 7, 2018. The shares got listed on BSE SME on March 13, 2018.
East India Securities IPO price is ₹920 per share. The minimum lot size for an application is 160 Shares. The minimum amount of investment required by retail investors is ₹147,200.
Finshore Management Services Limited is the book running lead manager of the East India Securities IPO, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to East India Securities IPO RHP for detailed information.
| IPO Date | March 5, 2018 to March 7, 2018 |
| Listing Date | March 13, 2018 |
| Face Value | ₹10 per share |
| Price | ₹920 per share |
| Lot Size | 160 Shares |
| Total Issue Size | 1,008,000 shares (aggregating up to ₹92.74 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 50,400 shares |
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 50,400 (4.76%) |
| Total Shares Offered | 1,058,400 (100%) |
Investors can bid for a minimum of 160 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 160 | ₹147,200 |
| Retail (Max) | 1 | 160 | ₹147,200 |
| Lot Size Calculator | |||
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 object of the issue are to:
1. Enhance the visibility and brand and provide liquidity to its existing shareholders;
2. General corporate purposes.
[Dilip Davda]
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...The East India Securities IPO is subscribed times on March 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)
| Category | Subscription (times) |
|---|---|
| Total |
| Listing Date | March 13, 2018 |
| BSE Script Code | 541053 |
| NSE Symbol | |
| ISIN | INE482Z01019 |
| Final Issue Price | ₹920 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹920.00 |
| ₹921.90 |
| ₹921.90 |
| ₹931.00 |
| ₹930.00 |
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
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
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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 March 5, 2018, and closes on March 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 March 5, 2018 and closes on March 7, 2018.
East India Securities IPO lot size is 160 Shares, and the minimum amount required is ₹147,200.
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, Nuvama, 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.
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