The East India Securities date has been confirmed from March 5, 2018 and ended on March 7, 2018. Read the post to learn about East India Securities IPO GMP.
East India Securities Developers’ IPO is a fixed-price offering of Rs 92.74 crore. The price is ₹920 per share. The minimum lot size for an application is 160 shares. The East India Securities IPO GMP is ₹1,320.00. The minimum deposit for retail investors is ₹147,200.
Start your investing journey today. Find the latest information on Upcoming IPOs.
Key Details Of East India Securities IPO GMP:
Bidding Dates
March 5-7
Price Range
₹920 per share
Face Value
₹10 per share
GMP
₹1,320.00
East India Securities IPO GMP
The East India Securities IPO GMP is ₹1,320.00.
East India Securities IPO Overview
The fixed-price IPO for East India Securities has been valued at Rs 92.74 crore. The bidding for East India Securities’ initial public offering (IPO) began on March 5, 2018, and ended on March 7, 2018. The much-anticipated share debut occurred on March 13, 2018, on the premises of the BSE SME. Surprisingly, East India Securities has extended its IPO to 920 per share.
An application requires a minimum lot size of 160 shares. Retail investors must make a minimum investment of $147,200. The company’s clients include public and private banks, insurance companies, domestic mutual funds, alternative investment funds (AIFs), and foreign portfolio investors(FPIs).
East India Securities IPO Details
| IPO Date | March 5, 2018 to March 7, 2018 |
| Listing Date | March 13, 2018 |
| Face Value | ₹10 per share |
| Price | ₹920 per share |
| Lot Size | 160 Shares |
| Total Issue Size | 1,008,000 shares (aggregating up to ₹92.74 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 50,400 shares |
East India Securities IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 160 | ₹147,200 |
| Retail (Max) | 1 | 160 | ₹147,200 |
East India Securities IPO Listing Details
| Listing Date | March 13, 2018 |
| BSE Script Code | 541053 |
| NSE Symbol | |
| ISIN | INE482Z01019 |
| Final Issue Price | ₹920 per share |
Company Profile
In 1999, East India Securities Ltd was founded and has been operating as a specialised broker dealing with currency derivatives, equities, and equity derivatives. In Eastern India, they are a prominent clearing member for currency derivatives on the NSE/MCX/USE and equities derivatives on the NSE. Moreover, they are a vital issuer of both equity and fixed-income securities, a distributor of mutual funds, a depository participant (NSDL/CDSL), and an advisor in corporate financing and risk management. Not to forget their active AMFI membership while serving as Mutual Fund Advisors/Distributors. The firm
makes proprietary investments in a variety of tradable securities.
Registrar Info
| Name | Cameo Corporate Services Limited |
| Phone number | +91-44-28460390 |
| Email ID | [email protected] |
| Website | ipo.cameoindia.com |
Contact Details
| Name | East India Securities Ltd |
| Phone number | +91 (033) 40205929 |
| Email ID | [email protected] |
| Website | eisec.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
East India Securities IPO FAQs
When East India Securities IPO will open?
The East India Securities IPO opens on March 5, 2018 and closes on March 7, 2018.
What is the lot size of East India Securities IPO?
East India Securities IPO lot size is 160 Shares, and the minimum amount required is ₹147,200.
When is East India Securities IPO listing date?
The East India Securities IPO listing date is on March 13, 2018.
Leave a Reply