SKP Securities Ltd Share Price (531169)

Started as an Finance Company SKP Securities Limited has widen its services in other financial activities other than lending of money. Company is primarily engaged in stock broking and depository participant services distribution of financial products investment/ merchant banking and corporate advisory services serving a cross section of society viz. financial institutions corporates business families professionals and retail investors.Most business activities of the Company are regulated by the Securities and Exchange Board of India SEBI. The industry comprise of boutique entities like Company multinational/ private/public sector banks and bank promoted entities large multinational and domestic entities with nationwide presence regional entities small local entities individual and the new age fintech platforms.The company has raised its Paidup Equity Share Capital from Rs.2.25 crores to Rs.3.00 crores through an IPO which was oversubscribed by 12 times of 750000 Equity Shares of Rs.10 each at par during the year 1996.During the year 1997SKP Brokerage LimitedSBL was amalgamated with SKP Securities and consequent of this700000 Equity Shares of the company which was held by SBL as investmentcancelled and subsequently the Equity Capital of SKP Securities Limited has been reduced to Rs.2.30 crores. In 1998 pursuant to amalgamation of SBL with the companyShareholders of SBL has been allotted 2750000 Equity Shares of Rs.10 each at par.Consequent of this allotmentcompanys Equity Paid up stood at Rs.5.05 crores.SKPin the year 2002 has started its operations as DPDepository participant of both NSDL and CDSL. During the year 2003 SKP expanded its operations in Mumbai after moving into a larger premises and commencing mutual funds distribution and retail broking activities. It commenced Currency Futures business as a member of MCXSX. It made SKP Commodities Ltd as its 100 subsidiary in April 2009. Further it acquired SKP Insurance Brokers Advisors Private Limited as its subsidiary in 201415. Later on it divested the wholly owned subsidiary viz SKP Commodities Ltd. on 30th September 2017 which discontinued its broking operations in commodities market..

Revenue: ₹3.35Cr as on March 2020 (Q4 FY20)
Net Profit: ₹0.69Cr as on March 2020 (Q4 FY20)