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Service Care IPO GMP, Price, Dates & Allotment Details 2023

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:

  1. Workspace administrative services
  2. 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:

  1. To Meet Incremental Working Capital Requirements
  2. General Corporate Purpose
  3. To meet Public Issue Expenses

Financial Highlights (Restated)

ParticularsThe period ended on 31st Jan. 2023FY 2021-22FY 2020-21FY 2019-20
Net Worth1,135632458434
Total Assets3,1812,4312,0201,921
Reserve & Surplus1,133631457433
Total Borrowings341315306
Total Revenue13,21711,5028,93310,812
Profit After Tax30217423136
(Amount in ₹ Lakhs)

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 TypeBook Built Issue IPO
IPO Price₹ 63 to ₹ 67 per share
Face Value₹ 10 per share
Market Lot2000 shares
Issue Size3,086,000 shares (aggregating up to ₹ 20.68 crores)
Fresh Issue3,086,000 shares (aggregating up to ₹ [.] crores)
Market Maker Portion156,000 shares
Listing AtNSE SME

IPO Reservation

CategoriesNo. of shares offered
QIB shares offeredNot more than 50% of the net issue
NII (HNI) shares offeredNot more than 15% of the net Issue
Retail shares offeredNot 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 DateJuly 14, 2023,
Closing DateJuly 18, 2023
Basis of AllotmentJuly 21, 2023
Initiation of RefundsJuly 24, 2023
A credit of shares to Demat A/cJuly 25, 2023
Listing DateJuly 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)12,000₹ 134,000
Retail (Maximum)12,000₹ 134,000
HNI (Minimum)24,000₹ 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 Holdings100%
Post-issue Shares Holdings

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationService Care Limited
No. 653, 1st Floor, 2nd Main Road Domlur Layout, Bangalore – 560071
Phone: +91-80-25354728 / 2535472
Email: [email protected]
Website: http://www.servicecare.in/
IPO RegistrarIntegrated Registry Management Services Private Limited
Phone: + 91 44 2814 0801 to 803
Email: [email protected]
Website: http://www.integratedindia.in/
IPO Lead Manager(s)Swastika Investment Ltd

FAQs

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.

The Service Care IPO shares listing date is July 26, 2023.

The investors’ portion for QIB is 50% of the Net Issue, NII (HNI) is 15% of the net issue, and Retail is 35%.

Click here for more FAQs.

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