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Escorp Asset Management IPO is a fixed price issue of ₹3.24 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹3.24 crore.
Escorp Asset Management IPO bidding started from Mar 31, 2017 and ended on Apr 6, 2017. The shares got listed on BSE SME on Apr 17, 2017.
Escorp Asset Management IPO price is ₹15.00 per share . The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (8000 shares). The minimum lot size investment for HNI is 2 lots (16,000 shares), amounting to ₹2,40,000.
BCB Brokerage Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is BCB Brokerage Pvt.Ltd..
Refer to Escorp Asset Management IPO RHP for detailed Information.
| IPO Date | March 31, 2017 to April 6, 2017 |
| Listing Date | April 17, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹15 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 21,60,000 shares (aggregating up to ₹3.24 Cr) |
| Reserved for Market Maker | 1,12,000 shares BCB Brokerage Pvt.Ltd. (aggregating up to ₹0.1680 Cr) |
| Net Offered to Public | 20,48,000 shares (aggregating up to ₹3.07 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 45,10,000 shares |
| Share Holding Post Issue | 66,70,000 shares |
Escorp Asset Management IPO offers total 21,60,000 shares. Out of which 10,24,000 (47.41%) allocated to NII, 10,24,000 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,12,000 (5.19%) |
| NII (HNI) Shares Offered | 10,24,000 (47.41%) |
| Retail Shares Offered | 10,24,000 (47.41%) |
| Total Shares Offered | 21,60,000 (100.00%) |
Escorp Asset Management IPO opens on March 31, 2017, and closes on April 6, 2017.
| IPO Open Date | Fri, Mar 31, 2017 |
| IPO Close Date | Thu, Apr 6, 2017 |
| Tentative Listing Date | Mon, Apr 17, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Apr 6, 2017 |
Investors can bid for a minimum of 8,000 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 | 8,000 | ₹1,20,000 |
| Retail (Max) | 1 | 8,000 | ₹1,20,000 |
| HNI (Min) | 2 | 16,000 | ₹2,40,000 |
Incorporated in 2011, Escorp Asset Management Ltd (EAML) is a subsidiary of Aryaman Financial group, engaged in providing portfolio management services and/or managing funds. It serves high net worth individuals, family offices, and corporates.
The company offers institutional fund management and advisory, financial planning and other personal financial advisory, personal tax planning and advisory, corporate treasury advisory, investment advisory, and research advisory services. Further the company proposes to provide professional global standard services in fields of financial planning and tax advisory; which according to Escorp are being serviced currently in India in a highly unorganized manner.
The Company Escorp Asset Management IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment of Loans | 2.65 |
| 2 | General Corporate Expenses | 0.18 |
[Dilip Davda] Considering group’s weak image and the average workings so far, one may give it a miss. Read detail review...
| Listing Date | April 17, 2017 |
| BSE Script Code | 540455 |
| NSE Symbol | |
| ISIN | INE953W01016 |
| Final Issue Price | ₹15 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹15.00 |
| Open | ₹15.00 |
| Low | ₹15.00 |
| High | ₹15.10 |
| Last Trade | ₹15.10 |
Escorp Asset Management Ltd.
60 Khatau Building Ground Flr,
Alkesh Dinesh Modi Marg,
Fort
Fort, Maharashtra, 400001
Phone: +91 – 22 – 6216 6999
Email: info@escorpamc.co.in
Website: http://www.escorpamc.co.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Escorp Asset Management IPO is a SME IPO of 21,60,000 equity shares of the face value of ₹10 aggregating up to ₹3.24 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000.
The IPO opens on March 31, 2017, and closes on April 6, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Escorp Asset Management IPO using UPI as a payment gateway. Zerodha customers can apply in Escorp Asset Management IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Escorp Asset Management IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Escorp Asset Management IPO opens on March 31, 2017 and closes on April 6, 2017.
Escorp Asset Management IPO lot size is 8000, and the minimum amount required for application is ₹1,20,000.
You can apply in Escorp Asset Management 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 Escorp Asset Management IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Escorp Asset Management IPO allotment status.
The Escorp Asset Management IPO listing date is on Monday, April 17, 2017.
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