The East India Securities date has been confirmed from March 5, 2018 and ended on March 7, 2018.
East India Securities Developers IPO is a fixed price issue of Rs 92.74 crores. The price is ₹920 per share. The minimum lot size for an application is 160 Shares. The minimum amount of investment required by retail investors is ₹147,200.
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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.
IPO Overview
East India Securities IPO is a Rs 92.74 crore fixed price issuance. Bidding for East India Securities’ initial public offering (IPO) began on March 5, 2018 and finished on March 7, 2018. On March 13, 2018, the shares were listed on the BSE SME. The IPO price for East India Securities is 920 per share.
An application requires a minimum lot size of 160 Shares. Retail investors are required to make a minimum investment of 147,200. Clients of the company include public and private banks, insurance firms, domestic mutual funds, AIFs, and 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
East India Securities Ltd, founded in 1999, is a broker (equity and equity derivatives, as well as currency derivatives). They are a major clearing member for equity derivatives on the NSE and currency derivatives on the NSE/MCX/USE in Eastern India. They also act as a Depository Participant (NSDL/CDSL), a Distributor (Mutual Funds, and a Primary Issuer of Equity and Fixed Income Securities), and an Advisory in Corporate Financing and Risk Management. They also operate as a Mutual Fund Advisor/Distributor and are members of AMFI. The company
makes proprietary investments in various tradable securities.
Registrar Info
| Name | Cameo Corporate Services Limited |
| Phone number | +91-44-28460390 |
| Email ID | investor@cameoindia.com |
| Website | ipo.cameoindia.com |
Contact Details
| Name | East India Securities Ltd |
| Phone number | +91 (033) 40205929 |
| Email ID | sme.ipo@eisec.com |
| Website | eisec.com |
IPO Strenghts
- 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.
