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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East India Securities Ltd IPO Recommendations
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