Expects to capture
a market share of 7% to 8% in 18 months
Share India Securities Ltd, a leading knowledge
and technology driven financial services group, has commenced its merchant
banking operations under Share India
Capital Services which is 100% subsidiary of Share India Securities Ltd.
The Company recently received a license of merchant banking from SEBI with a
pure focus on the SME segment and providing the solution to the local companies
who want to get listed on SME platforms of BSE and NSE.
Mr Abhinav
Gupta, Head, Merchant Banking, Share India Capital Services said, Share India expects more than 200 SME companies
to get listed in this financial year of 2019 and expects over 30% growth in
FY2020. The Company’s main focus is North and Western India and expects to
reach a market share of 7% to 8% by the end of financial year FY20. 70%
participation on SME platforms is from the western part of India while in North
India the equity culture is just beginning to
take strong roots. Share India is the only merchant banker in the North
having full-fledged set up to cater to the fund raising requirements of
companies in Punjab, Chandigarh, Delhi, Haryana which have lot of potential for
growth but are lacking behind than company’s in the West"
Mr
Sachin Gupta, Managing Director, Share India Securities Ltd said, Share India got listed on BSE SME in October 2017 with a view that we
wanted to build a company which can provide solutions to all the financial
needs of a customer and cater to wide customer base. We are happy that today we
are a full financial services group with merchant banking, mutual fund,
broking, NBFC operations and expanding into commodity market trading among
others”
Share India Securities Ltd, a leading knowledge and technology driven financial
services group, is engaged
in the business of equity broking, investing and trading activities for the
last 24 years and has now expanded its operation into mutual funds, NBFC,
merchant banking and commodity markets. The Company became 200th SME Company to
get listed on BSE SME Platform on 5th October 2017. The company script has been included in the BSE Group -1
securities by Bombay Stock Exchange. The Company is in the process of
establishing its presence in western and central India and is developing a
distribution centre for various products offered by Share India to all the
clients. The Company currently enjoys strong presence in North India with its
business center in Uttar Pradesh, New Delhi, Rajasthan, Punjab and Haryana.
Share India also has significant business operations in Maharashtra and Andhra
Pradesh. The Company currently has a network of around 361 AP’s/Sub brokers
registered with it spread all over India catering to the needs of our clients
The Company reported a remarkable
financial performance for FY18 and the six months period ended 31 March 2018. The Company’s consolidated net profit for FY18 rose 92. 72%
to Rs 15.35 crores compared to Rs 7.96 crores posted in
FY17. Company’s consolidated revenue grew 25.38% to Rs 133.30 crores
compared to Rs 106.30 crore posted in FY17.
The Company has
received many Awards and Recognitions some of them are, an award for
appreciation for our contribution in the 1 crores Demat accounts opened by
CDSL. Company has been accredited with certificate for being among the top
performing members for the year 2015-16 in equity and equity derivatives
segment of the National Stock Exchange of India Limited. Company has been
accredited with certificate for being among the top performing members for the
year 2015-16 in Currency derivative segment of the National Stock Exchange of
India Limited.
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