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Indo Thai Securities IPO is a book build issue of ₹29.60 crores. The issue is entirely a fresh issue of 0.40 crore shares of ₹29.60 crore.
Indo Thai Securities IPO bidding started from Sep 30, 2011 and ended on Oct 5, 2011. The shares got listed on BSE, NSE on Nov 2, 2011.
Indo Thai Securities IPO price band is set at ₹74.00 per share . The lot size for an application is 80. The minimum amount of investment required by an retail is ₹5,600 (80 shares). The lot size investment for sNII is 34 lots (2,720 shares), amounting to ₹2,01,280, and for bNII, it is 169 lots (13,520 shares), amounting to ₹10,00,480.
Corporate Strategic Allianz Ltd. is the book running lead manager and Sharepro Services Pvt.Ltd. is the registrar of the issue.
Refer to Indo Thai Securities IPO RHP for detailed Information.
| IPO Date | September 30, 2011 to October 5, 2011 |
| Listing Date | November 2, 2011 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹70 to ₹84 per share |
| Issue Price Final | ₹74 per share |
| Lot Size | 80 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 40,00,000 shares (aggregating up to ₹29.60 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 60,00,000 shares |
| Share Holding Post Issue | 1,00,00,000 shares |
Indo Thai Securities IPO offers total 40,00,000 shares. Out of which 20,00,000 (50.00%) allocated to QIB, 6,00,000 (15.00%) allocated to NII, 14,00,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 20,00,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 6,00,000 (15.00%) | NA |
| Retail Shares Offered | 14,00,000 (35.00%) | 17,500 |
| Total Shares Offered | 40,00,000 (100.00%) |
Indo Thai Securities IPO opens on September 30, 2011, and closes on October 5, 2011.
| IPO Open Date | Fri, Sep 30, 2011 |
| IPO Close Date | Wed, Oct 5, 2011 |
| Tentative Listing Date | Wed, Nov 2, 2011 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 5, 2011 |
Investors can bid for a minimum of 80 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 | 80 | ₹5,920 |
| Retail (Max) | 33 | 2,640 | ₹1,95,360 |
| S-HNI (Min) | 34 | 2,720 | ₹2,01,280 |
| S-HNI (Max) | 168 | 13,440 | ₹9,94,560 |
| B-HNI (Min) | 169 | 13,520 | ₹10,00,480 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| KPI | Values |
|---|---|
| RoNW | 33.71% |
The Company Indo Thai Securities 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 | Expansion and upgradation of our Existing Branches and Set up Network of Branches | 2.00 |
| 2 | Purchase of Office space for Mumbai regional office | 4.00 |
| 3 | Purchase & set up of Office space for Corporate office | 4.00 |
| 4 | Brand Building & Advertising | 3.00 |
| 5 | Augmenting Long Term Working capital requirements | 10.00 |
| 6 | General Corporate Purpose | 4.94 |
| 7 | Public Issue Expense | 1.66 |
[Dilip Davda] 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...
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
| Listing Date | November 2, 2011 |
| BSE Script Code | 533676 |
| NSE Symbol | INDOTHAI |
| ISIN | INE337M01013 |
| Final Issue Price | ₹74 per share |
| BSE Listing Group | B |
Indo Thai Securities Ltd.
16, 4th Floor, Dawa Bazar
R.N.T. Marg, Indore-452001
Madhya Pradesh, India
Indore, Madhya Pradesh
Phone: +91 -731- 2705420/22
Email: ipo@indothai.co.in
Website: http://www.indothai.co.in
Sharepro Services Pvt.Ltd.
Phone: 9999999999
Email: indothai.ipo@shareproservices.com
Website:
Indo Thai Securities IPO is a main-board IPO of 40,00,000 equity shares of the face value of ₹10 aggregating up to ₹29.60 Crores. The issue is priced at ₹74 per share. The minimum order quantity is 80.
The IPO opens on September 30, 2011, and closes on October 5, 2011.
Sharepro Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Indo Thai Securities IPO using UPI as a payment gateway. Zerodha customers can apply in Indo Thai Securities IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Indo Thai Securities IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Indo Thai Securities IPO opens on September 30, 2011 and closes on October 5, 2011.
Indo Thai Securities IPO lot size is 80, and the minimum amount required for application is ₹5,920.
You can apply in Indo Thai 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 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.
The Indo Thai Securities IPO listing date is on Wednesday, November 2, 2011.
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