Fixed Price IPO | ₹26 Cr | Listed at BSE SME | Thu, Sep 21, 2017 - Tue, Sep 26, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Sep 21, 2017
IPO Close
Tue, Sep 26, 2017
Issue Price
₹41 per share
Market Cap (Pre-IPO)
₹100.14 Cr
| IPO Date | 21 to 26 Sep, 2017 |
| Listed on | Thu, Oct 5, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹41 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 64,32,000 shares (agg. up to ₹26 Cr) |
| Reserved for Market Maker | 3,24,000 shares Hem Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 56,08,000 shares (agg. up to ₹23 Cr) |
| Offer for Sale | 5,00,000 shares of ₹10 (agg. up to ₹2 Cr) |
| Net Offered to Public | 61,08,000 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 1,84,92,588 shares |
| Share Holding Post Issue | 2,44,24,588 shares |
| BSE Script Code | 540725 SHAREINDIA |
| ISIN | INE932X01018 |
Share India Securities IPO comprises a total issue size of 64,32,000 shares. The net offer to the public is 61,08,000 shares, after excluding 3,24,000 shares allotted on a firm basis. Of the Net offer 30,54,000 (50.00%) allocated to NII 30,54,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 30,54,000 | 50.00% | 47.48% |
| Retail Shares Offered | 30,54,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,24,000 | 5.04% | |
| Total Shares Offered | 64,32,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| 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 | 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 |
The Share India Securities IPO is subscribed [.] times on September 26, 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 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, etc | 1.46 |
| 2 | Printing and Stationery and postage expenses | 0.02 |
| 3 | Advertising and Marketing expenses | 0.03 |
| 4 | Statutory expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹41.00 |
| Open | ₹92.60 |
| Low | ₹87.50 |
| High | ₹94.40 |
| Last Trade | ₹93.10 |
Lead Manager Reports
Share India Securities IPO is a SME IPO of 64,32,000 equity shares of the face value of ₹10 aggregating up to ₹26 Crores. The issue is priced at ₹41 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Sep 21, 2017, and closes on Tue, Sep 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 Thu, Sep 21, 2017 and closes on Tue, Sep 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 Thu, Oct 5, 2017.
