Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Fri, Mar 31, 2017 - Thu, Apr 6, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Mar 31, 2017
IPO Close
Thu, Apr 6, 2017
Issue Price
₹15 per share
Market Cap (Pre-IPO)
₹10.01 Cr
| IPO Date | 31 Mar to 6 Apr, 2017 |
| Listed on | Mon, Apr 17, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹15 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 21,60,000 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 1,12,000 shares BCB Brokerage Pvt.Ltd. (agg. up to ₹0.1680 Cr) |
| Fresh Issue (Ex Market Maker) | 20,48,000 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 20,48,000 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 45,10,000 shares |
| Share Holding Post Issue | 66,70,000 shares |
| BSE Script Code | 540455 |
| ISIN | INE953W01016 |
Escorp Asset Management IPO comprises a total issue size of 21,60,000 shares. The net offer to the public is 20,48,000 shares, after excluding 1,12,000 shares allotted on a firm basis. Of the Net offer 10,24,000 (50.00%) allocated to NII 10,24,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,24,000 | 50.00% | 47.41% |
| Retail Shares Offered | 10,24,000 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,12,000 | 5.19% | |
| Total Shares Offered | 21,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 8,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of Loans | 2.65 |
| 2 | General Corporate Expenses | 0.18 |
The Escorp Asset Management IPO is subscribed [.] times on April 6, 2017 5:00:00 PM (Day 4). 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 |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.27 |
| 2 | Brokerage and Selling Commission, Underwriting Commission, etc | 0.01 |
| 3 | Printing and Stationery and postage expenses | 0.03 |
| 4 | Advertising and Marketing expenses | 0.03 |
| 5 | Regulatory fees and expenses | 0.07 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹15.00 |
| Open | ₹15.00 |
| Low | ₹15.00 |
| High | ₹15.10 |
| Last Trade | ₹15.10 |
Lead Manager Reports
Escorp Asset Management IPO is a SME IPO of 21,60,000 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000.
The IPO opens on Fri, Mar 31, 2017, and closes on Thu, Apr 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 Fri, Mar 31, 2017 and closes on Thu, Apr 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 Mon, Apr 17, 2017.
