Skip to main content

Share India Securities Ltd. IPO opens on 21 Sept. 2017


Price fixed at Rs. 41 per Equity Share
Mumbai, September 20, 2017: 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 ` 2637 lakh, on September 21, 2017.

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 our total revenue stood at 106.36 crore, 69.65 crore, 30.10 crore & 18.21 crore respectively.

Further, our 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.

Abhinav Gupta, Vice President, Share India Securities Ltd , addressing the media gathering said “The Company currently have a network of around 5 sub brokers and 173 Authorised persons registered with it in BSE and 03 sub brokers and 163 Authorized persons in NSE all over India catering to the needs of our clients. The Company currently operates in Ghaziabad, New Delhi, Jaipur and Mumbai. Going forward the Company plans to establish their presence in the western and central region and intend to set up branch offices in major cities. The emphasis is on expanding the scale of their operations as well as growing their network across India”
 
Photograph- (left) Mr #AbhinavGupta, Vice President, #ShareIndiaSecurities Ltd, Mr #GauravJain, Director, #HemSecurities, Mr #PrateekJain, Director, Hem Securities
“The company in addition to providing the services as a Depository Participant, Research Analyst, Mutual Fund Advisor/Distributor, has also filed an application with Securities and Exchange Board of India for the registration of Company as a Portfolio Manager” he said

Mr Gaurav Jain, Director, Hem Securities, highlighting the offer and investment rational said “Hem Securities is proud to bring this IPO at very attractive valuations as compared to industry average leaving a large room for wealth creation over a period of time”

“The shares of the company are offered at a pre-IPO P/E of 9.32 whereas the Industry composite P/E is over 50. (Source: ACE Equity Database), added Mr Prateek Jain, Director, Hem Securities.

The Company has received many Awards and Recognitions some of them are, an award for appreciation for our contribution in the 1 crores Demat accounts opened by CDSL. Company has been accredited with certificate for being among the top performing members for the year 2015-16 in equity and equity derivatives segment of the National Stock Exchange of India Limited. Company has been accredited with certificate for being among the top performing members for the year 2015-16 in Currency derivative segment of the National Stock Exchange of India Limited.

Share India Securities Limited (The Company) was incorporated as FMS Securities Limited on July 12, 1994. Company’s Corporate Office is at 14, Dayanand Vihar, Ground Floor, Near Karkardooma Metro Station, Vikas Marg Ext. Delhi – 110092, India
 
Photograph- (left) Mr #AbhinavGupta, Vice President, #ShareIndiaSecurities Ltd, Mr #GauravJain, Director, #HemSecurities, Mr #PrateekJain, Director, Hem Securities







Labels:

Comments

Post a Comment

Popular posts from this blog

India’s Economic Slowdown: Navigating Challenges with Resilience and how planetary alignments are suggesting an optimistic economic outlook

 By Aryan Prem Rana, Founder, VRIGHT PATH GROUP (www.vrightpath.com ) India, the world’s fastest-growing major economy, faces a challenging phase as GDP growth slows. The latest figures show Q2 growth dipping to 5.4%, the lowest in seven quarters. This decline comes as 63 of the Nifty 100 companies miss revenue estimates, raising concerns about underlying economic health. Growth Engines Sputtering The economic slowdown is most pronounced in key sectors: • Manufacturing growth has dropped to 2.2%, a sharp decline from last year’s 14.3%. • Urban consumption, a cornerstone of economic growth, is weakening. Industry stalwarts such as Reliance, HUL, and Maruti have seen market corrections of 15-23%. RBI’s Balanced Approach The Reserve Bank of India (RBI) has responded with measured policies, holding the repo rate steady at 6.5% for the eleventh consecutive meeting. This neutral policy stance balances inflation control with growth needs. In a key liquidity-boosting move, the RBI redu...
Post a Comment
Read more

IMFA Reports Strong Q2 FY25 Financial Performance Driven by Higher Output and Operational Efficiency

  Indian Metals & Ferro Alloys Ltd (IMFA), India’s leading fully integrated producer of ferro alloys, announced robust financial results for the second quarter of FY25, ending on September 30, 2024. Financial Performance Highlights For Q2 FY25, IMFA reported strong standalone financial results: Revenue : ₹691.92 crore EBITDA : ₹175.62 crore, with a margin of 25.38% Profit After Tax (PAT) : ₹132.73 crore, achieving an 18.6% PAT margin Earnings Per Share (EPS) : ₹24.60 (not annualized) Exports : ₹652.97 crore This strong performance underscores IMFA's improved margins and profitability compared to the previous quarter, driven by higher production levels and operational efficiencies. Key figures from the company's half-yearly (H1 FY25) performance also reflect IMFA’s resilience in a challenging market, with a PAT of ₹250.25 crore and revenue totaling ₹1,354.2 crore. Operational Highlights IMFA’s operational metrics for Q2 FY25 demonstrated growth and stability: Ferro Chrome Pr...
Post a Comment
Read more

ICE Make Reports 21.31% jump in consolidated revenue for Q2 FY2025

 Ice Make Refrigeration Limited (NSE: ICEMAKE), a leading innovator in cooling solutions and a prominent manufacturer of over 50 types of refrigeration equipment in India, has announced its financial results for the second quarter (Q2) of the fiscal year 2025, showcasing impressive growth and consistent performance across key financial metrics. Standalone Financial Performance The company reported a notable increase in revenue from operations, reaching ₹101.38 crores in Q2 FY2025. This represents a 21.88% jump compared to ₹83.17 crores in Q1 FY2025 and a significant 34% surge from ₹75.72 crores in Q2 FY2024. Total revenue also followed a similar upward trajectory, standing at ₹101.65 crores, up 21.89% quarter-on-quarter (QoQ) and 33.87% year-over-year (YoY). EBITDA for the quarter was recorded at ₹8.51 crores, marking an impressive 35.08% increase from ₹6.30 crores in the previous quarter and a 10.81% rise compared to ₹7.68 crores in Q2 FY2024. The EBITDA margin improved to 8.37%, ...
Post a Comment
Read more