Fixed Price IPO | ₹93 Cr | Listed at BSE SME | Mon, Mar 5, 2018 - Wed, Mar 7, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Mar 5, 2018
IPO Close
Wed, Mar 7, 2018
Issue Price
₹920 per share
Market Cap (Pre-IPO)
₹337.36 Cr
| IPO Date | 5 to 7 Mar, 2018 |
| Listed on | Tue, Mar 13, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹920 per share |
| Lot Size | 160 Shares |
| Sale Type | OFS only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 10,08,000 shares (agg. up to ₹93 Cr) |
| Reserved for Market Maker | 50,400 shares Shree Bahubali Stock Broking Ltd. (agg. up to ₹5 Cr) |
| Offer for Sale | 9,57,600 shares of ₹10 (agg. up to ₹88 Cr) |
| Net Offered to Public | 9,57,600 shares (agg. up to ₹88 Cr) |
| Share Holding Pre Issue | 36,67,000 shares |
| Share Holding Post Issue | 36,67,000 shares |
| BSE Script Code | 541053 |
| ISIN | INE482Z01019 |
East India Securities IPO comprises a total issue size of 10,08,000 shares. The net offer to the public is 9,57,600 shares, after excluding 50,400 shares allotted on a firm basis. Of the Net offer 4,78,720 (49.99%) allocated to NII 4,78,880 (50.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,78,720 | 49.99% | 47.49% |
| Retail Shares Offered | 4,78,880 | 50.01% | 47.51% |
| Firm Reservations | |||
| Market Maker Shares Offered | 50,400 | 5.00% | |
| Total Shares Offered | 10,08,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 160 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The East India Securities IPO is subscribed [.] times on March 7, 2018 5:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| Total | [.] | 10,08,000 | 16,67,360 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, Underwritting and Selling Commission, Brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other Out of Pocket Expenses | 0.78 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹920.00 |
| Open | ₹921.90 |
| Low | ₹921.90 |
| High | ₹931.00 |
| Last Trade | ₹930.00 |
Lead Manager Reports
East India Securities IPO is a SME IPO of 10,08,000 equity shares of the face value of ₹10 aggregating up to ₹93 Crores. The issue is priced at ₹920 per share. The minimum order quantity is 160.
The IPO opens on Mon, Mar 5, 2018, and closes on Wed, Mar 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 Mon, Mar 5, 2018 and closes on Wed, Mar 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 Tue, Mar 13, 2018.
