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East India Securities IPO is a fixed price issue of ₹92.74 crores. The issue is entirely an offer for sale of 0.10 crore shares of ₹92.74 crore.
East India Securities IPO bidding started from Mar 5, 2018 and ended on Mar 7, 2018. The shares got listed on BSE SME on Mar 13, 2018.
East India Securities IPO price is ₹920.00 per share . The lot size for an application is 160. The minimum amount of investment required by an individual investor (retail) is ₹1,47,200 (160 shares). The minimum lot size investment for HNI is 2 lots (320 shares), amounting to ₹2,94,400.
Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Shree Bahubali Stock Broking Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹920 per share |
| Lot Size | 160 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 10,08,000 shares (aggregating up to ₹92.74 Cr) |
| Reserved for Market Maker | 50,400 shares Shree Bahubali Stock Broking Ltd. (aggregating up to ₹4.64 Cr) |
| Net Offered to Public | 9,57,600 shares (aggregating up to ₹88.10 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 36,67,000 shares |
| Share Holding Post Issue | 36,67,000 shares |
East India Securities IPO offers total 10,08,000 shares. Out of which 4,78,720 (47.49%) allocated to NII, 4,78,880 (47.51%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 50,400 (5.00%) |
| NII (HNI) Shares Offered | 4,78,720 (47.49%) |
| Retail Shares Offered | 4,78,880 (47.51%) |
| Total Shares Offered | 10,08,000 (100.00%) |
East India Securities IPO opens on March 5, 2018, and closes on March 7, 2018.
| IPO Open Date | Mon, Mar 5, 2018 |
| IPO Close Date | Wed, Mar 7, 2018 |
| Tentative Listing Date | Tue, Mar 13, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 7, 2018 |
Investors can bid for a minimum of 160 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 160 | ₹1,47,200 |
| Retail (Max) | 1 | 160 | ₹1,47,200 |
| HNI (Min) | 2 | 320 | ₹2,94,400 |
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.
[Dilip Davda] <p>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.</p> Read detail review...
| Listing Date | March 13, 2018 |
| BSE Script Code | 541053 |
| NSE Symbol | |
| ISIN | INE482Z01019 |
| Final Issue Price | ₹920 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹920.00 |
| Open | ₹921.90 |
| Low | ₹921.90 |
| High | ₹931.00 |
| Last Trade | ₹930.00 |
East India Securities Ltd.
10/1D Lal Bazar Street,
Mercantile Building,
Kolkata- 700001
Kolkata, West Bengal
Phone: +91 (033) 40205929
Email: sme.ipo@eisec.com
Website: http://www.eisec.com
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
East India Securities IPO is a SME IPO of 10,08,000 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.
The IPO opens on March 5, 2018, and closes on March 7, 2018.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in East India Securities IPO using UPI as a payment gateway. Zerodha customers can apply in East India Securities IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in East India Securities IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The East India Securities IPO opens on March 5, 2018 and closes on March 7, 2018.
East India Securities IPO lot size is 160, and the minimum amount required for application is ₹1,47,200.
You can apply in East India Securities IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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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