Service Care IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Service Care IPO opens on July 14 and closes on July 18, 2023. According to the DRHP filed in SEBI, the company plans to issue 30.86 lakhs shares through this public issue.
Service Care Limited (“the Company”)
Service Care Limited was incorporated in 2011. The Company was incorporated with the objective of providing services such as Workspace Administration Services and Workforce Administration Services across all business domains.
The following services are provided by the company:
- Workspace administrative services
- Workforce administrative services
Primarily, Workspace Administration services cover all the Integrated Facility Management and Business services; on the other hand, Workforce Administration services cover all kinds of staffing solutions, outsourced recruitment processes, and payroll management.
The Company currently has 5,800+ associates (including contractual employees). The company currently serves clients in the Manufacturing, Engineering, Infrastructure, Information Technology, Government and Banking, healthcare, Staffing and Recruitment, Food, Education, and FMCG verticals.
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- To Meet Incremental Working Capital Requirements
- General Corporate Purpose
- To meet Public Issue Expenses
Financial Highlights (Restated)
| Particulars | The period ended on 31st Jan. 2023 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 1,135 | 632 | 458 | 434 |
| Total Assets | 3,181 | 2,431 | 2,020 | 1,921 |
| Reserve & Surplus | 1,133 | 631 | 457 | 433 |
| Total Borrowings | – | 341 | 315 | 306 |
| Total Revenue | 13,217 | 11,502 | 8,933 | 10,812 |
| Profit After Tax | 302 | 174 | 23 | 136 |
IPO details
As per the DRHP filed with SEBI, 30.86 lakh shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. Swastika Investment Ltd will be the lead manager for the IPO, Integrated Registry Management Services Private Limited will be the registrar. It will be a book-built issue, so there will be a price band rather than a price point, and the actual issue price will be discovered by building the book.
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ 63 to ₹ 67 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 2000 shares |
| Issue Size | 3,086,000 shares (aggregating up to ₹ 20.68 crores) |
| Fresh Issue | 3,086,000 shares (aggregating up to ₹ [.] crores) |
| Market Maker Portion | 156,000 shares |
| Listing At | NSE SME |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| QIB shares offered | Not more than 50% of the net issue |
| NII (HNI) shares offered | Not more than 15% of the net Issue |
| Retail shares offered | Not more than 35% of the net Issue |
GMP: Service Care IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Service Care IPO
The issue opens for subscription on July 14, 2023, and closes for subscription on July 18, 2023 (both days inclusive). The basis of allotment will be finalised on July 21, 2023, and the refunds will be initiated on July 24, 2023. In addition, the demat credits are expected to happen on July 25, 2023, and the stock will be listed on the NSE SME on July 26, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | July 14, 2023, |
| Closing Date | July 18, 2023 |
| Basis of Allotment | July 21, 2023 |
| Initiation of Refunds | July 24, 2023 |
| A credit of shares to Demat A/c | July 25, 2023 |
| Listing Date | July 26, 2023 |
Lot Size
The lot size of the Service Care IPO is 2,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 2,000 shares of ₹ 134,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 2,000 | ₹ 134,000 |
| Retail (Maximum) | 1 | 2,000 | ₹ 134,000 |
| HNI (Minimum) | 2 | 4,000 | ₹ 268,000 |
Promoters Holdings
Mrs. Shany Jalal, Mr. Anil Kumar M, and Mr. Amit Kumar Rakhecha are the promoters of the bank.
| Pre-issue Shares Holdings | 100% |
| Post-issue Shares Holdings | – |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Service Care Limited No. 653, 1st Floor, 2nd Main Road Domlur Layout, Bangalore – 560071 Phone: +91-80-25354728 / 2535472 Email: compliance@servicecare.in Website: http://www.servicecare.in/ |
| IPO Registrar | Integrated Registry Management Services Private Limited Phone: + 91 44 2814 0801 to 803 Email: giri@integratedindia.in Website: http://www.integratedindia.in/ |
| IPO Lead Manager(s) | Swastika Investment Ltd |
FAQs
When will the Service Care IPO allotment be available?
The finalisation of the basis of allotment for the Service Care IPO will be done on July 21, 2023, and the allotted shares will be credited to your demat account by July 25, 2023. Check the Service Care IPO allotment status.
When will the Service Care IPO list on exchanges?
The Service Care IPO shares listing date is July 26, 2023.
How many Service Care IPO Offer shares are reserved for HNIs and retail investors?
The investors’ portion for QIB is 50% of the Net Issue, NII (HNI) is 15% of the net issue, and Retail is 35%.
