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East India Securities Ltd IPO

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Issue Open Mar 05, 2018
Issue Close Mar 07, 2018
Price Band ₹ 920
Face Value Rs 10 Per Equity Share
Issue Size ₹ 92.74 Cr
Listing Exchange BSE SME
Issue Type Fixed Price Issue IPO
Cut off time for UPI Mandate Confirmation -
Allotment Details -
Refunds -
Credit of Shares to Demat -
Listing On Mar 13, 2018
About the company:

 

East India Securities is into the business of Broking (Equity and Equity Derivatives) and are one of the largest clearing member for Equity Derivative in NSE/MCX. The company is a member of Capital market Segment of NSE; Equity Derivative segment of NSE; Capital market segment of BSE; currency derivative market segment of NSE. It has 81 active CM pool accounts and over 1097active corporate clients. 

 

Date of establishment: East India Securities Limited was established in 1999.

 

Product & Service Offering:. Company provides services as a Depository Participant (NSDL/CDSL); Distributor of Mutual Funds, Primary Issuer of Equity and Fixed Income Securities; and plays an Advisory role in Corporate Financing and Risk Management. They also provide services as mutual fund advisor.

 

 

Promoters of East India Securities ltd.: Mr. Vivek Agarwal and Mr. Lakshmendra Kumar Agarwal are the promoters of East India Securities ltd

 

 

Customer segment: East Securities clients includes Public/Private Banks, Insurance companies, Domestic Mutual Funds, alternate Investment Funds (AIFs) and Foreign Portfolio Investment (FPIs)

 

 

Objects of the Issue: The objects of the Offer is to:-

-      To Enhance the visibility and brand and provide liquidity to its existing shareholders
-      General corporate purpose 

 

Company Financials:

 

East India Securities' financial performance (in INR crore)

 

FY2013

FY2014

FY2015

FY2016

FY2017

9M FY2018

Total Assets

253.21

263.73

276.79

276.76

283.79

302.42

Total revenue

36.0

37.1

40.1

33.5

44.5

41.1

Total expenses

19.1

16.1

19.2

11.8

10.4

6.7

Profit after tax

12.0

15.9

15.0

15.9

27.7

28.3

 

 

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