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Share India Securities Ltd. IPO opens on 21 Sept. 2017

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Price fixed at Rs. 41 per Equity Share Mumbai, September 20, 2017: Share India Securities Limited, engaged in the business of equity broking, investing and trading activities, proposes to open its public issue of up to 64,32,000 Equity Shares of face value of Rs. 10 each for cash at price of Rs. 41 per Equity Share, aggregating up to ` 2637 lakh, on September 21, 2017.
The fresh issue will be of Rs 2432 lakh, Offer for Sale for public for would be for Rs.205 lakh. 3,24,000 shares will be reserved for market maker. The issue (including market maker portion) and the net issue (excluding market maker portion) will constitute 26.33% and 25.01%, respectively of the post issue paid up equity share capital. 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. The Issue will close on Sept.26, 2017.The shares will be listed on BSE SME Platform.
For the Fiscal year ended on March 31, 2017, March 31, 201…