Skip to main content

Share India Securities -200th SME Company to get listed on BSE SME Platform

Stock surge 20% on debut
Mumbai, October 5, 2017: Share India Securities Ltd, engaged in business of equity broking, investing and trading activities, became two hundredth SME Company to get listed on BSE SME Platform on 5th October 2017. Hon'ble Chief Minister of Maharashtra “Shri Devendra Fadnavis” graced the momentous occasion along with other dignitaries.
Share India Securities Ltd stock made a strong debut and surged 20 percent on listing.  Stock opened at Rs 44.75 and closed at Rs 49.20 a share.

Share India Securities’ Rs 26.37 cr IPO comprised 64,32,000 Equity Shares of face value of Rs. 10 each at price of Rs. 41 was  subscribed 3.87 times, as per data available on BSE SME Exchange on the issue closing day (26th September 2017).

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.

For the Fiscal year ended on March 31, 2017and March 31, 2016, total revenue for Share India stood at Rs106.36cr, Rs69.65cr respectively. Further, EBITDA for the year ended March 31, 2017 and March 31, 2016was Rs13.71cr crore and Rs9.97cr respectively. Company’s PAT stood at Rs 8.14 crore in FY 2017and Rs 6.28 crore in FY 2016respectively.

Mr. Abhinav Gupta, Vice President, Share India Securities Ltd, said “The net proceeds from the fresh issue will be utilized towards working capital requirement, branch expansion, development of distribution centre for wealth management products and general corporate purpose. The Company currently has a network of around 5 sub-brokers and 173 AP’s registered with it in BSE and 3 sub-brokers and 163 AP’s in NSE spread all over India catering to the needs of our clients. The Company currently enjoys strong presence in North India with its business center in Uttar Pradesh, New Delhi, Rajasthan, Punjab and Haryana. Share India also has business operations in Maharashtra and Andhra Pradesh. Going forward Company plans to establish its presence in western and central India and intends to develop a distribution centre for various products offered by Share India to all the clients. The emphasis is on expanding the scale of operations as well as growing network across India.”

“The company in addition to providing services as a Depository Participant, registered Research Analyst, Mutual Fund Advisor/Distributor, has also filed an application with Securities and Exchange Board of India for registration as a Portfolio Manager” he said

The Company has received many Awards and Recognitions; including an award for appreciation for contribution in the 1 crores Demat accounts opened by CDSL. Company has also 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 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 
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