From the prospectus, it appears that financials have been submitted for Dec 2017 and 20.1.18 is the date of auditor certification
Indo Thai and Bharat Bhushan are much smaller than East India Securities. From the prospectus, the consistent annual tax payments point out to the genuinity of the profits.
Looks like promoters have left a reasonable amount on the table by offering it at very reasonable valuations of around 1.2 times book and PE of 12. Promoters continued holding of 74% looks like a positive
Indo Thai and Bharat Bhushan are much smaller than East India Securities. From the prospectus, the consistent annual tax payments point out to the genuinity of the profits.
Looks like promoters have left a reasonable amount on the table by offering it at very reasonable valuations of around 1.2 times book and PE of 12. Promoters continued holding of 74% looks like a positive