Business description – East India Securities is engaged in the business of Broking (Equity and Equity Derivatives, Currency and Commodity Derivatives). The company is one of the largest Clearing Member for Equity Derivatives in NSE, and Currency Derivatives in NSE/MCX/USE in Eastern India. It also provide services as a Depository Participant (NSDL/CDSL); Distributor (Mutual Funds, Primary Issuer of Equity and Fixed Income Securities); and play an Advisory role in Corporate Financing and Risk Management.
The company is a member of the: Capital Market segment of NSE of India since 1995; Equity Derivatives segment of NSE since 2000; Currency Derivates segment of NSE since 2008; Capital Market segment of BSE since 2005; Equity Derivatives segment of BSE since 2006. The company also has the membership of NSDL since 1997, and CDSL since 2000. With over 81 active CM Pool Accounts, and over 1097 active corporate clients, it handles over 1,000 instructions per day. It received permanent registration from SEBI as Participant of the NSDL and CDSL depositories in the year 2015.
Promoters of East India Securities – Mr Lakshmendra Kumar Agarwal and Mr Vivek Agarwal
| East India Securities IPO details | |
| Subscription Dates | 5 – 7 March 2018 |
| IPO Price band | INR920 per share |
| Fresh issue | Nil |
| Offer for sale | 1,008,000 shares (INR92.74 crore) |
| Total IPO size | 1,008,000 shares (INR92.74 crore) |
| Minimum bid (lot size) | 160 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
| East India Securities’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 9M FY2018 | |
| 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 |
East India Securities’ Contact Details
East India Securities Limited
10/1D Lal Bazar Street
Mercantile Building
Kolkata – 700 001
Phone: +91 033 4020 5929
Email: [email protected]
Website: www.eisec.com
East India Securities IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.17 |
| Day 2 | 1.30 |
| Day 3 | 1.65 |
East India Securities Valuation (Latest FY)
Earnings Per Share (EPS): INR75.64
Price/Earnings (P/E) ratio: 12.16
Return on Net Worth (RONW): 10.62%
Net Asset Value (NAV): INR712.06 per share
Registrar of East India Securities IPO
Cameo Corporate Services Limited
Subramanian Building, 1 Club House Road,
Chennai-600 002
Tamil Nadu, India
Phone: +91 44 2846 0390
Fax: +91 44 2846 0129
Email:Â [email protected]
Website:Â http://www.cameoindia.com
East India Securities IPO Allotment Status
East India Securities IPO allotment status is now available on Cameo Corporate Services’ website. Click on this link to get allotment status.
Listing performance of East India Securities
IPO Opening Date: 5 March 2018
IPO Closing Date: 7 March 2018
Listing Date: 14 March 2018
Listing Price on BSE SME: INR931 per share (up 1.01% from IPO price)
Closing Price on BSE SME: To be updated
