Business description from prospectus – Share India Securities is currently engaged in the business of equity broking, investing and trading activities. Along with this, it is also providing the services as a Depository Participant, Research Analyst, Mutual Fund Advisor/Distributor and also an application has been filed with Securities and Exchange Board of India for the registration of Company as a Portfolio Manager. The Company got registered with SEBI as Stock Broker (Member of BSE) in the year 2000 and started the Stock Brokering operations. Later during the year 2007-08 it got registered as a trading and clearing member of Bombay Stock Exchange (BSE). Post the merger of the company with FMS Securities Limited, it got registered with SEBI as Stock Broker, Trading and Clearing Member of National Stock Exchange of India (NSE) in the year 2012. With the introduction of the Future and option segment into the Indian capital market the company became Member under future & Option (F&O) Segment also. Currently, The Company is providing broking services in Equity, Currency derivative and Future & Options segment of National Stock Exchange of India Limited and BSE Limited
Post this development, it focused on trading and broking segment particularly for High Net worth clients. Further, in order to target new HNI & retail customers and to expand our business operations, it has setup branches in New Delhi and Noida. The company currently has a network of around 5 sub brokers and 173 Authorised persons in BSE and 03 sub brokers and 163 Authorized persons in NSE all over India.
Promoters of Share India Securities – Mr. Parveen Gupta, Mr. Sachin Gupta, Mr. Yashpal Gupta & Mr. Rajesh Gupta
Share India Securities IPO details |
|
Subscription Dates | 21 – 26 September 2017 |
IPO Price band | INR41 per share |
Fresh issue | 5,932,000 shares (INR24.32 crore) |
Offer for sale | 500,000 shares (INR2.05 crore) |
Total IPO size | 6,432,000 shares (INR26.37 crore) |
Minimum bid (lot size) | 3,000 shares |
Face Value | INR10 per share |
Retail Allocation | 50% |
Listing On | BSE SME platform |
Share India Securities’ financial performance (in INR crore) |
||||||
FY2016 | FY2017 | |||||
Total revenue | 74.0 | 110.1 | ||||
Total expenses | 64.6 | 97.8 | ||||
Profit after tax | 6.3 | 8.0 |
Share India Securities Limited
14, Dayanand Vihar, Ground Floor
Near Karkardooma Metro Station, Industrial Estate
Vikas Marg Ext. Delhi – 110092
Phone: +91 11 4301 1000
Email: [email protected]
Website: www.shareindia.com
Day |
Subscription (no. of times) |
Day 1 | 1.23 |
Day 2 | 1.38 |
Day 3 | 1.62 |
Day 4 | 3.87 |
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Earnings Per Share (EPS): INR4.34
Price/Earnings (P/E) ratio: 9.32
Return on Net Worth (RONW): 24.10%
Net Asset Value (NAV): INR18.10 per share
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Share India Securities IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
IPO Opening Date: 21 September 2017
IPO Closing Date: 26 September 2017
Listing Date: 5 October 2017
Listing Price on BSE SME: INR44.75 per share (up 9.1% from IPO price)
Closing Price on BSE SME: INR49.2 per share (up 20% from IPO price)
What is the GMP on this? Is this a good investment?