Escorp Asset Management IPO

Escorp Asset Management IPO

Escorp Asset Management IPO

 

Escorp Asset Management represents the asset management arm of its corporate promoter Aryaman Financial Services Limited. In October 2016; it has applied with SEBI for registration as a portfolio manager and is currently awaiting registration for the same. Upon receiving this registration, it proposes to commence full-fledged operations in the fields of Portfolio Management Services, Institutional Fund management and Advisory, Financial Planning, Personal Tax Planning and Advisory, Corporate  Treasury Advisory, Fee-based Investment Advisory, and Research Services.

In line with the group’s current strength; it aims to position itself within the investment community as an alternative asset management company with unique focus on SME sector and its growth opportunities.

Promoters of Escorp Asset Management – Aryaman Financial Services Limited, Shripal Shah, Shreyas Shah

Escorp Asset Management IPO details

Subscription Dates 31 Mar - 6 Apr 2017
IPO Price band INR15 per share
Fresh issue 2,160,000 shares (INR3.24 crore)
Offer for sale Nil
Total IPO size 2,160,000 shares (INR3.24 crore)
Minimum bid (lot size) 8,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform

 

Escorp Asset Management's financial performance (in INR lakh)

FY2012 FY2013 FY2014 FY2015 FY2016 6M FY2017
Total revenue 0.07 0.15 - 0.05 0.26 9.74
Total expenses 0.04 0.09 - 0.04 0.03 5.55
Profit after tax 0.02 0.04 - 0.01 0.16 2.99

Escorp Asset Management Limited
718- A, P.J. Towers, Dalal Street
Fort, Mumbai – 400 001

Phone: +91 22 6216 6999
Email: [email protected]
Website: www.escorpamc.co.in

Day Subscription (no. of times)
Day 1  0.06
Day 2  0.21
Day 3  1.05
Day 4  2.34

 

Escorp Asset Management IPO allotment status is now available on Bigshare Services Private Limited website. Click on this link to get allotment status.

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax:
+91 22 2847 5201
Email:
[email protected]
Website: www.bigshareonline.com

IPO Opening Date: 31 March 2017

IPO Closing Date: 6 April 2017

Listing Date: 17 April 2017

Listing Price on BSE SME: INR15 (no change from IPO price)

Closing Price on BSE SME: INR15.1 (up 0.7% from IPO price)

Earnings Per Share (EPS): INR1.55

Price/Earnings (P/E) ratio: 9.68

Return on Net Worth (RONW): 13.16%

Net Asset Value (NAV): INR10.25 per share

Escorp Asset Management IPO
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