Share India Securities Ltd
(old name – FMS Securities Ltd), was established in Year 1994, and commenced
its stock broking operations with SEBI
registration by Year 2000. Share India got its
registration as Trading and clearing member in 2008 with BSE and in 2012 with
NSE and with introduction of future and options
in the market it got itself registered for the same. Thus, currently, Share
India Securities is providing broking services in Equity, Currency derivative and
Future & Options segment of National
Stock Exchange of India Limited and BSE
Limited.
NETWORK: Share
India Securities has its registered
office located at Uttar Pradesh with Corporate
base at Delhi. Brach offices located at UP, Mumbai, Delhi, Jaipur, Haryana
with 5 sub brokers and 173 authorized persons registered in BSE and 03 sub
brokers and 163 authorized persons in NSE all over India.
FINANCIAL HIGHLIGTH: (Fig. in Crs.)
STANDALONE
BASIS
|
PARTICULARS
|
2017
|
2016
|
2015
|
2014
|
2013
|
|
EQUITY
|
1849
|
462.31
|
424.49
|
393.65
|
393.65
|
|
FACE VALUE
|
10
|
10
|
10
|
10
|
10
|
|
BOOK VALUE
|
17.87
|
53.86
|
40.97
|
33.31
|
31.86
|
|
INCOME
|
11014.1
|
7399
|
3337
|
1912.43
|
1736
|
|
PAT
|
813.82
|
627.75
|
334.71
|
57.04
|
144.75
|
|
EPS
|
4.40
|
13.57
|
7.88
|
1.44
|
3.67
|
CONSOLIDATED
BASIS
|
PARTICULARS
|
2017
|
2016
|
|
EQUITY
|
1849
|
462.31
|
|
FACE VALUE
|
10
|
10
|
|
BOOK VALUE
|
18.10
|
54.75
|
|
INCOME
|
11009
|
7399
|
|
PAT
|
802
|
627.75
|
|
EPS
|
3.28
|
13.57
|
LISTING STATUS:
Share
India Securities Ltd has filled the draft
prospectus with BSE – SME segment on 18th August,
2017. Share India Securities Ltd IPO recently opened on 21st
September, 2017 and closed on 26th September, 2017. IPO was a combination
of offer for sale of 5,00,000 shares by promoters and fresh issue of 59,32,000
shares of face value Rs.10. Share under the IPO was issued
at Rs.41/shr (i.e at a premium of Rs.31/shr). To be listed on BSE – SME Segment.
Share India Securities was offered in
IPO at a valuation of PE-10 and P/BV – 2 Times
which is considered to be undervalued and good opportunity for investment with
a long run growth prospective of market.
CAPITAL STRUCTURE:
Share
India Securities Ltd had a paid up capital base of Rs. 462.31 Lacs as on March
2017. In July, 2017 Company declared a bonus of 3:1 which increased the capital
base to Rs.1849 Lacs. Post IPO the capital base shall
further rise to Rs. 2442.46 Lacs due to fresh issue of 59,32,000
share at a premium of Rs.31/shr of face value Rs.10.
VALUATION IN COMPARISON
WITH LISTED PEER COMPANIES:
Share
India Securities Ltd is a broking firm engaged in trading of all types of
market traded securities. Thus on a wider prospective we shall compare the
company with top rated listed broking firm i.e Motilal
Oswal Financial Services Ltd, Edelweiss
Financial Services Ltd, Emkay
Global Financial Services Ltd, Aditya
Birla Money Ltd, etc. All the listed peers runs
at PE- 40 TO 50 with Industrial PE -43 , P/BV stands in range of 5 to 7 and
Market Cap/ Total Income is in multiple of 3 to 5 times.
Post IPO Share India Securities Ltd shall
have EPS of around 3.28, Book value of 23.66 on capital base of Rs.24.42 Crs. So based
on this average parameters mentioned above one can assume the valuation of
Share India Securities Ltd to be around Rs.100+/per share in the future.
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