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Incorporated in 1995, Indo Thai Securities is an India based Stock Broking Company providing trading services in Indian Equity Market (BSE and NSE), Future & Options and Currency Derivatives Segments. The parent group of Indi Thai Securities is Indo Thai group which has 13 financial companies under its umbrella. Company also provides depository services through Central Depository Services (India) Limited. Other services offered by Indo Thai Securities includes Mutual Fund Service System (MFSS) & Interest Rate Futures (IRF) from NSE.
Company targets net worth individuals and retail investors across India for its services. Company operates its business from Indore, MP and business from more than 60 locations across 6 States of India including 14 branches in all over India.
The objects of the issue are as follows:
1. Expansion and upgradation of our Existing Branches and Set up Network of Branches
2. Purchase of Office space for Mumbai regional office
3. Purchase & set up of Office space for Corporate office
4. Brand Building & Advertising
5. Augmenting Long Term Working Capital Requirement
6. General Corporate Purpose
| IPO Date | Sep 30, 2011 to Oct 5, 2011 |
| Listing Date | Wednesday, November 2, 2011 |
| Face Value | ₹10 per share |
| Price | ₹70 to ₹84 per share |
| Lot Size | 80 Shares |
| Issue Size | 4,000,000 shares of ₹10 (aggregating up to ₹29.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | The promoters of the company are: |
The Indo Thai Securities IPO lot size is 80 shares. A retail-individual investor can apply for up to 29 lots (2320 shares or ₹194,880).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹6,720 |
| Retail (Max) | 29 | 2320 | ₹194,880 |
CARE has assigned an IPO Grade 2 to Indo Thai Securities IPO. This means as per CARE, company has 'Below Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Indo Thai Securities IPO Report
Avoid. For the fiscal 2010-11 it posted net profit of Rs. 1.06 crore on a total income of Rs. 4.55 crore resulting in an EPS of Rs. 1.77 on existing capital. If this is applied to enhanced equity post this issue, then it stands at Rs. 1.06 and thus the asking price is at a P/E of 70 to 84 and on a NAV of Rs. 12.94 it is being made at a 5.5 to 6.5 P/BV and is a costly bet. Read detail review...
The Indo Thai Securities IPO is subscribed 1.18 times on Oct 5, 2011 5:00:00 PM. The public issue subscribed 3.35 times in the retail category, 0.00 times in the QIB category, and 0.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.00 |
| NII | 0.02 |
| Retail | 3.35 |
| Total | 1.18 |
| Listing Date | Wednesday, November 2, 2011 |
| BSE Script Code | 533676 |
| NSE Symbol | INDOTHAI |
| Listing In | B Group of Securities |
| ISIN | INE337M01013 |
| IPO Price | ₹74 per share |
| Face Value | ₹10 per share |
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Indo Thai Securities Limited
16, 4th Floor, Dawa Bazar
R.N.T. Marg, Indore-452001
Madhya Pradesh, India
Phone: +91 -731- 2705420/22
Email: ipo@indothai.co.in
Website: http://www.indothai.co.in
Sharepro Services Private Limited
Phone: 9999999999
Email: indothai.ipo@shareproservices.com
Website: http://
Indo Thai Securities IPO is a main-board IPO of 4,000,000 equity shares of the face value of ₹10 aggregating up to ₹29.60 Crores. The issue is priced at ₹70 to ₹84 per share. The minimum order quantity is 80 Shares.
The IPO opens on Sep 30, 2011, and closes on Oct 5, 2011.
Sharepro Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Indo Thai Securities IPO opens on Sep 30, 2011 and closes on Oct 5, 2011.
Indo Thai Securities IPO lot size is 80 Shares and the minimum order quantity is .
You can apply in Indo Thai 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 Indo Thai Securities IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Indo Thai Securities IPO allotment status.
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