Share India Securities Ltd. IPO opens on September 21

 
 Share India Securities Limited, engaged in the business of equity broking, investing and trading activities, proposes to open its public issue of up to 64,32,000 Equity Shares of face value of Rs. 10 each for cash at price of Rs. 41 per Equity Share, aggregating up to Rs 2637 lakh, on September 21, 2017. The issue oversubscribed by 1.23 times and received total bids of 78,99,000 shares as of 1440 hours on BSE.

The fresh issue will be of Rs 2432 lakh, Offer for Sale for public for would be for Rs.205 lakh. 3,24,000 shares will be reserved for market maker. The issue (including market maker portion) and the net issue (excluding market maker portion) will constitute 26.33% and 25.01%, respectively of the post issue paid up equity share capital. The Lead Manager to the Issue is Hem Securities Limited, a leading player in SME IPOs and the Registrar to the Offer is Bigshare Services Pvt. Ltd. The Issue will close on Sept.26, 2017.The shares will be listed on BSE SME Platform.

For the Fiscal year ended on March 31, 2017, March 31, 2016, March 31, 2015 and March 31, 2014, total revenue stood at 106.36 crore, 69.65 crore, 30.10 crore & 18.21 crore respectively.

Further, EBITDA for the for the period ended March 31, 2017 and for year ended on March 31, 2016, fiscal 2015 and fiscal 2014 were Rs 13.71 crore, Rs 9.97 crore, Rs 4.86 crore and Rs 2.02 crore respectively. Company’s PAT stood at Rs 8.14 crore in FY 2017, Rs 6.28 crore in FY 2016, Rs 3.35 crore in FY 2015 and Rs 0.57 crore in FY 2014 respectively.
 

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