East India Securities Ltd IPO

Closed

Subscription Details

  • Open Date 05 Mar
  • Close Date 07 Mar
  • Lot Size 160
  • IPO Size ₹ 92.74 Cr
  • IPO Price Range ₹ 920
  • Min Investment ₹ 147200

East India Securities Ltd IPO Timeline

Open Date
05 Mar
Close Date
07 Mar
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public offer of 10,08,000 equity shares of face value of Rs. 10 each (equity shares) of East India Securities Limited (the company) for cash at a price of Rs. 920/- per equity share (including a share premium of Rs. 910/- per equity share) (the offer price), aggregating to Rs. 92.74 crores (the offer) through an offer for sale comprising of 5,04,000 equity shares by Mr. Lakshmendra Kumar Agarwal and 5,04,000 equity shares by Mr. Vivek Agarwal of which 50,400 equity shares of face value of Rs. 10 each for cash at a price of Rs. 920/- per equity share, aggregating to Rs. 4.64 crores will be reserved for subscription by the market maker to the offer (the market maker reservation portion). The offer less market maker reservation portion i.e. Offer of 9,57,600 equity shares of face value of Rs. 10 each for cash at a price of Rs.920/- per equity share, aggregating to Rs. 88.10 crores is hereinafter referred to as the net offer. The offer and the net offer will constitute 27.49% and 26.11% respectively of the fully diluted post offer paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price is 92 (ninety two) times of the face value.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of East India Securities Ltd IPO

Contact Information

Address

10/1 D Lal Bazar Street,
Mercantile Building 3 rd Floor,
Kolkata, West Bengal 700001

East India Securities Ltd IPO Lead Manager

Finshore Management Services Ltd
Open Demat Account