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Escorp Asset Management IPO
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Escorp Asset Management represents the asset management arm of its corporate promoter Aryaman Financial Services Limited. In October 2016; it has applied with SEBI for registration as a portfolio manager and is currently awaiting registration for the same. Upon receiving this registration, it proposes to commence full-fledged operations in the fields of Portfolio Management Services, Institutional Fund management and Advisory, Financial Planning, Personal Tax Planning and Advisory, Corporate  Treasury Advisory, Fee-based Investment Advisory, and Research Services.
In line with the group’s current strength; it aims to position itself within the investment community as an alternative asset management company with unique focus on SME sector and its growth opportunities.
Promoters of Escorp Asset Management – Aryaman Financial Services Limited, Shripal Shah, Shreyas Shah
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Escorp Asset Management IPO details |
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| Subscription Dates | 31 Mar – 6 Apr 2017 |
| IPO Price band | INR15 per share |
| Fresh issue | 2,160,000 shares (INR3.24 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,160,000 shares (INR3.24 crore) |
| Minimum bid (lot size) | 8,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
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Escorp Asset Management’s financial performance (in INR lakh) |
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| FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | 6M FY2017 | |
| Total revenue | 0.07 | 0.15 | – | 0.05 | 0.26 | 9.74 |
| Total expenses | 0.04 | 0.09 | – | 0.04 | 0.03 | 5.55 |
| Profit after tax | 0.02 | 0.04 | – | 0.01 | 0.16 | 2.99 |
Escorp Asset Management Limited
718- A, P.J. Towers, Dalal Street
Fort, Mumbai – 400 001
Phone:Â +91 22 6216 6999
Email: [email protected]
Website:Â www.escorpamc.co.in
| Day | Subscription (no. of times) |
| Day 1 | Â 0.06 |
| Day 2 | Â 0.21 |
| Day 3 | Â 1.05 |
| Day 4 | Â 2.34 |
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Escorp Asset Management IPO allotment status is now available on Bigshare Services Private Limited website. Click on this link to get allotment status.
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone: +91 22Â 4043 0200Â
Fax: +91 22Â 2847Â 5201
Email: [email protected]
Website: www.bigshareonline.com
IPO Opening Date: 31 March 2017
IPO Closing Date: 6Â April 2017
Listing Date:Â 17 April 2017
Listing Price on BSE SME: INR15 (no change from IPO price)
Closing Price on BSE SME: INR15.1 (up 0.7% from IPO price)
Earnings Per Share (EPS): INR1.55
Price/Earnings (P/E) ratio:Â 9.68
Return on Net Worth (RONW): 13.16%
Net Asset Value (NAV): INR10.25 per share
