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East India Securities Ltd IPO Details

East India Securities Limited (EISL) is an integrated financial services company with presence in all segments of financial services space in India. Incorporated in 1995, it is one of the most trusted service providers in the Indian Financial Services industry. East India Securities Ltd is business of Broking company then work in Equity and Equity Derivatives and Currency Derivatives. They are one of the largest Clearing Member for Equity Derivatives in NSE segment, and Currency Derivatives in NSE/MCX/USE in Eastern India. They 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.

It became member of capital market segment of National Stock Exchange of India in Year 1995. It took membership of Equity derivatives of NSE in Year 2000 and that of currency derivatives in year 2008. It became member of Bombay Stock Exchange in year 2005 by taking membership of capital market segment. It further took membership of equity derivatives of BSE in year 2005. The company has the distinction of executing the first ever exchange traded index option contract in India on June 4, 2001 when NSE Launched Nifty options. Once again, on November 9, 2001, it was again the first entity to trade the 1st ever futures contract on individual stock futures on NSE, the underlying being equity shares of VSNL Ltd. It has also distinction of executing first currency futures contracts and currency options contract on NSE at the launch. Total turnover (Cash , Equity, Derivatives segment & Currency Segment) for FY 17 is Rs 43,93,055 mn.

As per East India Securities Ltd Company financials, The Company's growth is good for last 2 years, top line remain similar in last 5 years and there is sudden big jump in bottom line for FY17 as well as FY18 which is very surprising, so it’s very impressive for company growth, The RoNW is 8.74 % for last three fiscals and issue looks reasonably priced as per latest earnings. East India Securities Ltd Company is service in Equity, Equity Derivatives, NSE/MCX/USE and Mutal Fund, there is good potential for fundamental growth. So, we Recommendation is "Apply" rating to this SME IPO.

East India Securities Ltd IPO Details
Issue Open 05-03-2018
Issue Close 07-03-2018
Allotment Date 13-03-2018
Unblocked Amount 14-03-2018
Listing Date 15-03-2018
Issue Share 10,08,000 Total Equity Share
50,400 Reserved by Market Maker
Issue Size ₹ 92.74Cr
IPO Price Band ₹ 920
Minimum Share Bid 160
Minimum Investment Amount [Rs]  ₹ 1,47,200
Face Value ₹ 10
Retail Allocation 50%
Listing On BSE SME
Premium [Per Share] NA
Average Earning Per Share NA
Expected Listing Gain ₹ -
East India Securities Ltd IPO Financial details [in Rs, Cr]
Financial Year Total Revenue Total Expenses Profit After Tax
FY-2013 36.02 19.11 11.98
FY-2014 37.13 16.10 15.88
FY-2015 40.13 19.24 14.98
FY-2016 33.49 11.77 15.86
FY-2017 44.50 10.44 27.74
H1-FY-2018 41.08 6.70 28.27
East India Securities Ltd IPO Subscription Details
As on Date QIB/NII RII Total
Shared Offred 4,78,800 4,78,800 9,57,600
Day-1 [05-03-2018] 1,76,640 [0.37] 2,880 [0.01]1,79,520 [0.02]
Day-2 [06-03-2018] 13,00,320 [2.72] 16,960 [0.04] 13,17,280 [1.38]
Day-3 [07-03-2018]
[06:30 PM]
15,76,000 [3.30] 91,360 [0.19] 16,67,360 [1.75]
East India Securities Ltd IPO Valuation Details
Earnings Per Share [EPS] ₹ 75.64
Price/Earnings [P/E] Ratio 12.16
Return on Net Worth [RoNW] 10.62 %
Net Asset Value [NAV] ₹ 712.06 Per Share
East India Securities Ltd IPO Contact Details
East India Securities Ltd
10/1D Lal Bazar Street,
Mercantile Building,
Kolkata- 700001,
India
Telephone: +91 (033) 40205929;
Facsimile: +91 (033) 23586631.
Company Secretary and Compliance Officer: Mr. Anupam Jain;
Email: sme.ipo@eisec.com.
Website: http://www.eisec.com
Registrar of East India Securities Ltd IPO
Cameo Corporate Services Limited 
"Subramanian Building",
#1, Club House Road,
Chennai 600 002
Telephone: +91-44-40020700, 28460390
Facsimile: +91-44-28460129
Contact Person: Mr. R.D. Ramasamy, Director
Email: investor@cameoindia.com
Website: www.cameoindia.com
SEBI Registration Number: INR000003753
Lead Managers of East India Securities Ltd IPO
Finshore Management Services Limited
Anandlok, Block-A, 2nd Floor, Room No. 207,
227 A.J.C. Bose Road,
Kolkata-700020, India
Telephone: +91-33-22895101
Facsimile: +91-33-22895101
Email: ramakrishna@finshoregroup.com
Investor grievance email: info@finshoregroup.com
Contact Person: S. Ramakrishna Iyengar
Website: www.finshoregroup.com
SEBI Registration Number: INM000012185
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