The fixed price offering of Share India Securities is worth Rs 26.37 crores. The Share India Securities initial public offering (IPO) auction was held from September 21, 2017, to September 26, 2017. October 5, 2017, saw the listing of the shares on BSE SME. The IPO price of Share India Securities is ₹41 per share. An application must have a minimum lot size of 3000 shares. Retail investors are required to invest a minimum of ₹123,000.
Comparing Share India Securities to its previous closing price, it is currently trading 3.18% higher at Rs 308.35. Distribute India Securities has been transacting inside the 308.35 & 303.25 price range. Share India Securities has returned -6.03% over the past five days and -19.64% so far this year. In comparison to the sector P/E of 34.03, Share India Securities has a TTM P/E ratio of 11.73. In the most recent quarter, the company had a net profit of 102.80 crores.
Share India Securities IPO Details
| IPO OpenDate | September 21, 2017 |
| IPO Close Date | September 26, 2017 |
| Listing Date | October 5, 2017 |
| Face Value | ₹10 per share |
| Price | ₹41 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 6,432,000 shares
(aggregating up to ₹26.37 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
About the Company – Share India Securities
Securities brokerage services are offered by Share India Securities Ltd. The company provides depository services, mutual funds, equities trading, futures and options, and derivatives involving currencies and commodities. They are involved in share broking and trading services in the equity, futures, and options, as well as currency derivatives segments. They are also members of the cash, futures, and options, as well as the currency derivatives segments of the BSE and NSE.
Additionally, they offer clients mutual fund investment services through CDSL, depository participant services, and brokerage services. In addition to the aforementioned, they have engaged in own account trading, or proprietary trading. In 2000, SISL began stock brokering operations after registering with SEBI as a stock broker (Member of BSE).
