Indo Thai Securities Limited
|
|
Tweet |
|
Indo Thai Securities Limited provides various financial services to corporate clients, high net worth individuals, and retail investors in India. The company provides equity brokerage services and commodity brokerage services in cash and futures segments, as well as distributes initial public offerings and mutual funds. It also provides fundamental and technical research services; depository services; and currency future trading services. The company was incorporated in 1995 and is headquartered in Indore, India.
Furthermore, ITSL extends its services as Depository Participant (DP) and is registered as a DP of Central Depository Services (India) Limited (CDSL). ITSL also started Mutual Fund Service System (MFSS) & Interest Rate Futures (IRF) through National Stock Exchange (NSE). Apart from stock broking and depository services, ITSL is involved into proprietary trading activities in the equity market.
ITSL is flagship company of Indo-Thai Group, which consists of 12 other companies.
Objects of the issue:
» Expansion and upgradation of our Existing Branches and Set up Network of Branches» Purchase of Office space for Mumbai regional office
» Purchase & set up of Office space for Corporate office
» Brand Building & Advertising
» Augmenting Long Term Working Capital Requirement
» General Corporate Purpose
Company Address:
Address:Registered Office :
16, 4th Floor, Dawa Bazar
R.N.T. Marg, Indore-452001
Madhya Pradesh, India
Phone:+91 -731- 2705420
Fax:+91 -731- 2705423
Email:ipo@indothai.co.in
Website:www.indothai.co.in
IPO Details:
| Information | Value |
|---|---|
| Open Date | 30-Sep-2011 |
| Close Date | 05-Oct-2011 |
| Allotment Date | 15-Oct-2011 |
| Refund Date | 17-Oct-2011 |
| Listing Date | 02-Nov-2011 |
| Issue Price | Rs. 70 - Rs. 84 |
| Isuue Type | 100% Book Building Issue |
| Issue Size | 4,000,000 Equity Shares of Rs. 10 |
| Lot Size | NA |
| Max Amount for Retail Investor | 200000 |
| Listing On | BSE,NSE |
| Lead Manager | Corporate Strategic Allianz Ltd |
| Registrar | Sharepro Services Private Limited |
| Registrar Email | indothai.ipo@shareproservices.com |
| Registrar Website | www.shareproservices.com |
| Registrar Phone | + 91-22-6772 0300 |
| Application Multiple | NA |
| Cheque in Favour of | NA |
| Listing Open | Rs. 75 / Rs. 76 (BSE/NSE) |
| Listing Close | Rs. 23 / Rs. 23.15 (BSE/NSE) |
| Listing High | Rs. 99.10 / Rs. 98.90 (BSE/NSE) |
| Listing Low | Rs. 18.10 / Rs. 18.85 (BSE/NSE) |
| Prospectus Download | Download |
| Application Forms Download | Download |
| ASBA E-Form Download | Download |
| IPO Grading Download | Download |
Indo Thai Securities Limited Financial Details:
Total income of ITSL grew by 89% in FY10 over FY09 mainly on account of increase in brokerage income which registered growth of 78% in FY10 coupled with doubling of long-term capital gains on proprietary trading and interest income. The trading volume of ITSL in both the segment i.e. CM and F&O (including currency derivatives) segment grew by 134% in FY10 over FY09 on back of recovery in capital market. Further, in 9MFY11, ITSL has achieved total income Rs.4.27 crore and PAT of Rs.1.15 crore.
PAT margin has improved substantially in FY10 as compared to FY09 mainly on account of income from long-term capital gain coupled with interest income on fixed deposits. During 9MFY11, PAT margin declined to around 27% (around 38% in FY2010) on account of absence of income from long-term capital gain. Interest coverage remained comfortable in FY10.
Overall gearing is also comfortable at 0.30 times as on March 31, 2010. EPS improved from Rs.2.60 in FY09 to Rs.9.75 in FY10 on back of improvement in profitability. However, during 9MFY11, EPS has declined to Rs.2.56 mainly due to increase in equity base on back of capitalization of reserves by issuing bonus shares in ratio of 2:1 in July'2010.
* Source : CARE Ratings
Indo Thai Securities Limited Grey Market Price - Premium - Rates
| Date | GM Premium | Kostak Rate |
|---|---|---|
| 03-Oct-2011 | Rs. 1.25 - 1.50 | Rs. 2300 - 2400 (2 Lac) |
| 05-Oct-2011 | Rs. 2 - 3 | Rs. 2300 - 2400 (2 Lac) |
| 10-Oct-2011 | Rs. 2.50 - 2.75 | ---- |
| 11-Oct-2011 | Rs. 2.50 - 3 | ---- |
| 12-Oct-2011 | Rs. 2.50 - 3 | ---- |
| 13-Oct-2011 | Rs. 2.50 - 2.75 | ---- |
| 14-Oct-2011 | Rs. 2.50 - 2.75 | ---- |
| 17-Oct-2011 | Rs. 1.50 - 1.75 | ---- |
| 18-Oct-2011 | Rs. 1.50 - 1.75 | ---- |
| 21-Oct-2011 | Rs. 1.50 - 1.75 | ---- |
| 31-Oct-2011 | Rs. 1.50 - 1.75 | ---- |
Indo Thai Securities Limited Subscription Details:
| Date | Retail | QIB | Non Institutional | Employee | Overall |
|---|---|---|---|---|---|
| 30-Sep-2011 | 0.00 | 0.00 | 0.00 | NA | 0.00 |
| 03-Oct-2011 | 0.15 | 0.00 | 0.00 | NA | 0.05 |
| 04-Oct-2011 | 0.49 | 0.00 | 0.00 | NA | 0.17 |
| 05-Oct-2011 | 3.35 | 0.00 | 0.02 | NA | 1.18 |
|
|
|