IPO Issue Details
Issue Price / Price Band₹15 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size8,000 Shares per Lot
Total Issue Size21,60,000 shares (aggregating up to ₹3.24 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 31 Mar 2017
Subscription CloseThu, 06 Apr 2017
Anchor AllotmentThu, 30 Mar 2017
Basis of AllotmentWed, 12 Apr 2017
Initiation of RefundsThu, 13 Apr 2017
Credit of Shares to DematThu, 13 Apr 2017
Listing DateMon, 17 Apr 2017
UPI Mandate Deadline2017-04-06
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 8,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 16,000 shares
Net Offer to Public20,48,000 shares (aggregating up to ₹3.07 Cr)
Reserved for Market Maker1,12,000 shares (aggregating up to ₹0.1680 Cr)
Pre-IPO Promoter Holding45,10,000 shares
Post-IPO Promoter Holding66,70,000 shares
About Escorp Asset Management Ltd.
Incorporated in 2011, Escorp Asset Management Ltd (EAML) is a subsidiary of Aryaman Financial group, engaged in providing portfolio management services and/or managing funds. It serves high net worth individuals, family offices, and corporates.The company offers institutional fund management and advisory, financial planning and other personal financial advisory, personal tax planning and advisory, corporate treasury advisory, investment advisory, and research advisory services. Further the company proposes to provide professional global standard services in fields of financial planning and tax advisory; which according to Escorp are being serviced currently in India in a highly unorganized manner.
Objects of the Issue
Escorp Asset Management Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
2
General Corporate Expenses
0.18
Shareholding & Lock-in
Pre-IPO Promoter Holding
45,10,000 shares
Post-IPO Promoter Holding
66,70,000 shares