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Share India Securities IPO is a fixed price issue of ₹26.37 crores. The issue is a combination of fresh issue of 0.59 crore shares aggregating to ₹24.32 crores and offer for sale of 0.05 crore shares aggregating to ₹2.05 crores.
Share India Securities IPO bidding started from Sep 21, 2017 and ended on Sep 26, 2017. The shares got listed on BSE SME on Oct 5, 2017.
Share India Securities IPO price is ₹41.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,23,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,46,000.
Hem Securities 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 Hem Securities Ltd..
Refer to Share India Securities IPO RHP for detailed Information.
| IPO Date | September 21, 2017 to September 26, 2017 |
| Listing Date | October 5, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹41 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 64,32,000 shares (aggregating up to ₹26.37 Cr) |
| Reserved for Market Maker | 3,24,000 shares Hem Securities Ltd. (aggregating up to ₹1.33 Cr) |
| Fresh Issue (Ex Market Maker) | 56,08,000 shares (aggregating up to ₹22.99 Cr) |
| Offer for Sale | 5,00,000 shares of ₹10 (aggregating up to ₹2.05 Cr) |
| Net Offered to Public | 61,08,000 shares (aggregating up to ₹25.04 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,84,92,588 shares |
| Share Holding Post Issue | 2,44,24,588 shares |
Share India Securities IPO offers total 64,32,000 shares. Out of which 30,54,000 (47.48%) allocated to NII, 30,54,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,24,000 (5.04%) |
| NII (HNI) Shares Offered | 30,54,000 (47.48%) |
| Retail Shares Offered | 30,54,000 (47.48%) |
| Total Shares Offered | 64,32,000 (100.00%) |
Share India Securities IPO opens on September 21, 2017, and closes on September 26, 2017.
| IPO Open Date | Thu, Sep 21, 2017 |
| IPO Close Date | Tue, Sep 26, 2017 |
| Tentative Listing Date | Thu, Oct 5, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 26, 2017 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,23,000 |
| Retail (Max) | 1 | 3,000 | ₹1,23,000 |
| HNI (Min) | 2 | 6,000 | ₹2,46,000 |
Incorporated in 1994, Share India Securities Ltd is engaged in providing brokerage services for securities. The Company offers equity trading, futures and options, currency and commodity derivatives, mutual funds, IPO, and depository services.
They are in the business of Share broking and trading services in Equity, Future& Options and Currency Derivatives segments and has the membership in the cash, future and options and currency derivatives segments of both BSE and NSE, Depository Participant services with CDSL and is also providing Mutual fund investment services to clients. Apart from the above they have also entered into proprietary trading (own account trading) activities also.
SISL got registered with SEBI as Stock Broker (Member of BSE) in the year 2000 and started the Stock Brokering operations. Later during the year 2007-08 they got registered as a trading and clearing member of Bombay Stock Exchange (BSE). Post the merger of the company it got registered with SEBI as Stock Broker, Trading and Clearing Member of National Stock Exchange of India (NSE) in the year 2012. With the introduction of the Future and option segment into the Indian capital market the company became Member under future & Option (F&O) Segment as well.
The Company Share India 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 | To Meet Working Capital Requirement | 15.21 |
| 2 | To Meet Capital Expenditure incurred for Branch expansion and distribution centre | 1.27 |
| 3 | To Meet Sales and Marketing Expenditure | 1.50 |
| 4 | General Corporate Expenses | 4.80 |
[Dilip Davda] Company’s future prospects hinges with the behaviors of the stock markets. Investment may be considered for medium to long term. Read detail review...
| Listing Date | October 5, 2017 |
| BSE Script Code | 540725 |
| NSE Symbol | SHAREINDIA |
| ISIN | INE932X01018 |
| Final Issue Price | ₹41 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹41.00 |
| Open | ₹92.60 |
| Low | ₹87.50 |
| High | ₹94.40 |
| Last Trade | ₹93.10 |
Share India Securities Ltd.
6th Milestone, New Bhai-Chara Complex,
Opp Mata Man dir, Chikambarpur,
ahibabad,
Ghaziabad, Uttar Pradesh, 201006
Phone: + 91-11-43011000
Email: info@shareindia.com
Website: http://www.shareindia.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Share India Securities IPO is a SME IPO of 64,32,000 equity shares of the face value of ₹10 aggregating up to ₹26.37 Crores. The issue is priced at ₹41 per share. The minimum order quantity is 3000.
The IPO opens on September 21, 2017, and closes on September 26, 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 Share India Securities IPO using UPI as a payment gateway. Zerodha customers can apply in Share India Securities IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Share India Securities IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Share India Securities IPO opens on September 21, 2017 and closes on September 26, 2017.
Share India Securities IPO lot size is 3000, and the minimum amount required for application is ₹1,23,000.
You can apply in Share 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 Share India Securities IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Share India Securities IPO allotment status.
The Share India Securities IPO listing date is on Thursday, October 5, 2017.
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