IPO Issue Details
Issue Price / Price Band₹41 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size64,32,000 shares (aggregating up to ₹26.37 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 21 Sep 2017
Subscription CloseTue, 26 Sep 2017
Anchor AllotmentWed, 20 Sep 2017
Basis of AllotmentMon, 02 Oct 2017
Initiation of RefundsTue, 03 Oct 2017
Credit of Shares to DematTue, 03 Oct 2017
Listing DateThu, 05 Oct 2017
UPI Mandate Deadline2017-09-26
Application & Investment Details
Retail — Min (1 Lots)₹1,23,000 — 3,000 shares
Retail — Max (13 Lots)₹1,599,000 (13 Lots)
HNI — Min (2 Lots)₹2,46,000 — 6,000 shares
Net Offer to Public61,08,000 shares (aggregating up to ₹25.04 Cr)
Reserved for Market Maker3,24,000 shares (aggregating up to ₹1.33 Cr)
Pre-IPO Promoter Holding1,84,92,588 shares
Post-IPO Promoter Holding2,44,24,588 shares
Fresh Issue Shares56,08,000 shares (aggregating up to ₹22.99 Cr)
Offer for Sale Shares5,00,000 shares of ₹10 (aggregating up to ₹2.05 Cr)
About Share India Securities Ltd
Incorporated in 1994, Share India Securities Ltd is engaged in providing brokerage services for securities. The Company offers equity trading, futures and options, currency and commodity derivatives, mutual funds, IPO, and depository services.They are in the business of Share broking and trading services in Equity, Future& Options and Currency Derivatives segments and has the membership in the cash, future and options and currency derivatives segments of both BSE and NSE, Depository Participant services with CDSL and is also providing Mutual fund investment services to clients. Apart from the above they have also entered into proprietary trading (own account trading) activities also.SISL got registered with SEBI as Stock Broker (Member of BSE) in the year 2000 and started the Stock Brokering operations. Later during the year 2007-08 they got registered as a trading and clearing member of Bombay Stock Exchange (BSE). Post the merger of the company it got registered with SEBI as Stock Broker, Trading and Clearing Member of National Stock Exchange of India (NSE) in the year 2012. With the introduction of the Future and option segment into the Indian capital market the company became Member under future & Option (F&O) Segment as well.
Objects of the Issue
Share India Securities Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
To Meet Working Capital Requirement
15.21
2
To Meet Capital Expenditure incurred for Branch expansion and distribution centre
1.27
3
To Meet Sales and Marketing Expenditure
1.50
4
General Corporate Expenses
4.80
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,84,92,588 shares
Post-IPO Promoter Holding
2,44,24,588 shares