Share India Securities Ltd IPO

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IPO Synopsis

Initial public offer of 64,32,000 equity shares of face value of Rs.10 each (equity shares) of share India Securities Limited (company or issuer) for cash at a price of Rs.41 per equity share (including a share premium of Rs.31 per equity share) (issue Price) aggregating to Rs.26.37 (issue ) consisting of a fresh issue of 59,32,000 equity shares of face value of Rs.10 each (equity Shares) for cash at a price of Rs.41 per equity share aggregating to Rs.24.32 crores (issue) and 5,00,000 equity shares of face value of Rs.10 each (equity shares) for cash at a price of Rs.41 per equity share aggregating to 2.05 Crores through an offer for sale by mr. Parveen Gupta, mr. Sachin Gupta, mr. Yashpal Gupta, mr. Rajesh Gupta, mrs. Rekha Gupta & mrs. Tripti Gupta (collectively Referred as selling shareholders including promoters) of which 3,24,000 equity shares of face value of Rs.10.00 each for a cash Price of Rs.41 per equity share, aggregating to 1.33 Crores will be reserved for subscription by market maker (market maker Reservation portion). The issue less the market maker reservation portion i.e. Issue of 61,08,000 equity shares of face value of Rs.10.00 each at an issue price of Rs.41 per equity share aggregating to Rs.25.04 Crores (is hereinafter referred to as the net issue). The Issue and the net issue will constitute 26.33% and 25.01%, respectively of the post issue paid up equity share capital of the Company. Prospectus. The face value of the equity shares is Rs.10.00 each and the issue price is Rs. 41. The issue price is 4.10 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
You will receive a mandate notification to block funds in your UPI app

Frequently Asked Questions

What is an IPO?

An Initial Public Offering OR IPO is the process of issuing stock for sale for the first time by a private corporation to the public. A company can issue its stock for sale for the first time to raise money by issuing either debt or equity. In case, the company chooses the equity route, the first such offering of equity shares to the public via listing of the shares in the stock markets is called an IPO.

What is book building?

This is one of the processes that has to do with the pricing of the IPO. An IPO can be made either through book building method, the fixed price method or a combination of both.

While in book building the price at which securities will be offered/allotted is not known in advance to the investor (investor is aware of an indicative price range only), in the fixed price process price at which the securities are offered/allotted is known in advance to the investor.

Who can invest in IPO?

When it comes to an IPO, there are 4 types of investors who can bid, as per SEBI guidelines. They are –

Qualified institutional investors (QIIs)
Anchor investors
Retail investors and
High net-worth individuals (HNIs)/Non-institutional investors (NII).

What is IPO subscription period?

IPO subscription period is the period of time during which investors can promise to purchase shares of a security to be issued as initial public offering (IPO).

What is the IPO application process?

Check: IPO Application Process

For details about the new IPO application process, click here.

How to apply for IPO on 5paisa?

To apply in an IPO with 5paisa:

Login to the 5paisa website or mobile trading app
Go to the Current IPOs section
Select the IPO you wish to apply for
Enter IPO details like price, quantity (lots) and your UPI ID
Check details and Confirm
Approve the UPI notification received on your phone (in BHIM App or your net banking app)

Where can I find the list of upcoming IPOs?

You can easily find it on 5paisa.com

Check: List of Upcoming IPOs in 2021

What are the important things that should be kept in mind before applying for an IPO?

A Red Herring Prospectus, or offer document, is filed by a company to SEBI. This document is very useful to as it provides detailed information about the company’s business operations, financials, promoters and the company’s objective for raising funds.