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.

East India Securities IPO Details

IPO Opening Date	Mar 5, 2018
IPO Closing Date	Mar 7, 2018
Issue Type	Fixed Price Issue IPO
Face Value	₹10 per equity share
IPO Price	₹920 per equity share
Market Lot	160 Shares
Min Order Quantity	160 Shares
Listing At	BSE SME
Issue Size	1,008,000 Eq Shares of ₹10 (aggregating up to ₹92.74 Cr)

East India Securities IPO Lot Size

The East India Securities IPO market 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 (Cut-off)
Minimum	1	160	₹147,200
Maximum	1	160	₹147,200

East India Securities IPO Subscription Status (Bidding Detail)

The East India Securities IPO is subscribed times on Mar 7, 2018 17:00. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
Total

East India Securities IPO Prospectus

› East India Securities IPO RHP

East India Securities IPO Rating

3.4

Rating:

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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 equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE SME
₹920.00
₹921.90
₹921.90
₹931.00
₹930.00
17,760

East India Securities IPO Reviews / Ratings

Dilip Davda - Apply at your own risk

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

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

East India Securities IPO Lead Manager(s)

Finshore Management Services Limited

Lead Manager Reports

East India Securities IPO FAQs

What is East India Securities IPO?

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 equity 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.
When East India Securities IPO will open?

The East India Securities IPO opens on Mar 5, 2018 and closes on Mar 7, 2018.
What is the lot size of East India Securities IPO?

East India Securities IPO lot size is 160 Shares and the minimum order quantity is 160 Shares.
How to apply for East India Securities IPO?

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.
When East India Securities IPO allotment?

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.
When is East India Securities IPO listing date?

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

East India Securities IPO Message Board

Ranked Members

20. codati |Apr 4, 2018 09:46

sooper doopper flop show, money down the drain:(:(

19. sauravk |Mar 27, 2018 14:13

Top Contributor (200+ Posts, 400+ Likes)

Ek Dhakka aur do, 500 ka level tod do !!

18. DownriteVJ |Mar 15, 2018 10:52

IPO Guru (1200+ Posts, 1100+ Likes)

Flat Listing

17. rvr |Mar 13, 2018 09:33

allotted 1 lot...buyers getting increased..no negative listing...cheers

16. satheesh Kumar |Mar 12, 2018 17:52

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 |Mar 12, 2018 20:49

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 |Mar 6, 2018 16:43

IPO Guru (1200+ Posts, 1100+ Likes)

Fully Subscribed

15.1. shivika |Mar 11, 2018 11:54

@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 |Mar 12, 2018 11:50

IPO Guru (1200+ Posts, 1100+ 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 |Mar 10, 2018 13:07

Today Equity Shares of East India Securities have been credited.

14.1. rvr |Mar 10, 2018 16:01

you mean shares allotted and creditted....which bank u r using?

14.2. rvr |Mar 10, 2018 19:01

I am using zerodha...not reflected yet

13. NEMI CHAND AJMERA |Mar 10, 2018 13:14

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 |Mar 10, 2018 13:47

Your calculations are true. Let us see whow these NII works with this equity

12. DownriteVJ |Mar 7, 2018 11:09

IPO Guru (1200+ Posts, 1100+ Likes)

RII 0.05X
Overall 1.52X

Interesting that HNIs are filling it up

11. LUCKY SINGAL |Mar 7, 2018 10:47

link to check subscription figures at BSE

10. Jevish Shah |Mar 7, 2018 09:02

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 |Mar 6, 2018 09:32

IPO Guru (1900+ Posts, 1500+ 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

Load more comments (5 replies)

9.6. coolaks |Mar 6, 2018 21:27

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 |Mar 6, 2018 22:13

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 |Mar 6, 2018 21:41

IPO Guru (1900+ Posts, 1500+ 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

7. Carn Mohan |Mar 6, 2018 15:29

IPO Mentor (700+ Posts, 200+ Likes)

Nse sme good
Bse sme poor

6. DownriteVJ |Mar 5, 2018 17:01

IPO Guru (1200+ Posts, 1100+ 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 |Mar 4, 2018 17:30

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 |Mar 3, 2018 13:10

Please tell me in sme ipo how much shares
To be allotted applied lot or reduced shares
Then applied lot

3. Ficpl |Mar 2, 2018 20:01

Top Contributor (200+ Posts, 500+ Likes)

Looks attractive ... I will apply for this .

2. akash sav |Mar 2, 2018 18:05

Umang your review

1. drimran |Mar 1, 2018 22:13

apply or avoid

1.1. alok marwadi |Mar 2, 2018 10:04

TOO GOOD. PE ON DILUTED EQUITY AND ANNUALIZED FY18 9MONTH EARNING PER SHARE OF RS 100 IS ONLY 9.2.

1.2. Kishor Asher |Mar 2, 2018 16:43

Face value is 10 and not 100 as mentioned below

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