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Dynamic IPO is a fixed price issue of ₹24.13 crores. The issue is entirely a fresh issue of 0.47 crore shares of ₹24.13 crore.
Dynamic IPO bidding started from Sep 30, 2021 and ended on Oct 5, 2021. The allotment for Dynamic IPO was finalized on Oct 8, 2021. The shares got listed on NSE SME on Oct 13, 2021.
Dynamic IPO price is ₹51.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,02,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,04,000.
Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to Dynamic IPO RHP for detailed Information.
| IPO Date | September 30, 2021 to October 5, 2021 |
| Listing Date | October 13, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 47,32,000 shares (aggregating up to ₹24.13 Cr) |
| Reserved for Market Maker | 2,38,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹1.21 Cr) |
| Net Offered to Public | 44,94,000 shares (aggregating up to ₹22.92 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 87,86,192 shares |
| Share Holding Post Issue | 1,35,18,192 shares |
Dynamic Services & Security IPO offers total 47,32,000 shares. Out of which 22,46,000 (47.46%) allocated to NII, 22,48,000 (47.51%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,38,000 (5.03%) |
| NII (HNI) Shares Offered | 22,46,000 (47.46%) |
| Retail Shares Offered | 22,48,000 (47.51%) |
| Total Shares Offered | 47,32,000 (100.00%) |
Dynamic IPO opens on September 30, 2021, and closes on October 5, 2021.
| IPO Open Date | Thu, Sep 30, 2021 |
| IPO Close Date | Tue, Oct 5, 2021 |
| Tentative Allotment | Fri, Oct 8, 2021 |
| Initiation of Refunds | Mon, Oct 11, 2021 |
| Credit of Shares to Demat | Tue, Oct 12, 2021 |
| Tentative Listing Date | Wed, Oct 13, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 5, 2021 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,02,000 |
| Retail (Max) | 1 | 2,000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2016, Dynamic Services & Security Limited offers manpower solution services in the field of Mechanized cleaning, catering, housekeeping, security, logistics, contractual services, and other services
It provides Guarding/Custoridal services, integrated facility management, and digitalization services. The company offers a comprehensive range of customized services in both the public and private segments to meet customers' requirements.
Competitive strengths
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 710.57 | 816.21 | 480.91 | ||
| Total Revenue | 709.63 | 4.65 | 4.34 | ||
| Profit After Tax | 10.39 | 0.15 | 0.09 | ||
The Company Dynamic IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To meet Working Capital Requirement | 20.00 |
| 2 | General Corporate Expenses | 3.70 |
| 3 | Public Issue Expenses | 0.43 |
[Dilip Davda] The issue is aggressively priced above 66 P/E. Its top line has shown declining trends for the last three fiscals based on combined data. Though it claims that there are no listed peers, it is operating in a highly competitive and fragmented segment. There is no harm in ignoring this IPO Read detail review...
| Listing Date | October 13, 2021 |
| BSE Script Code | |
| NSE Symbol | DYNAMIC |
| ISIN | INE0DZ701010 |
| Final Issue Price | ₹51 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹53.00 |
| Low | ₹50.35 |
| High | ₹55.65 |
| Last Trade | ₹53.55 |
Dynamic Services & Security Ltd.
375,
Dakshindari Road,
Kolkata, West Bengal, 700048
Phone: 033 – 4008 7463
Email: cs@dynamicservicesandsecurity.com
Website: http://www.dynamicservicesandsecurity.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Dynamic IPO is a SME IPO of 47,32,000 equity shares of the face value of ₹10 aggregating up to ₹24.13 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on September 30, 2021, and closes on October 5, 2021.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Dynamic IPO using UPI as a payment gateway. Zerodha customers can apply in Dynamic IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dynamic IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dynamic IPO opens on September 30, 2021 and closes on October 5, 2021.
Dynamic IPO lot size is 2000, and the minimum amount required for application is ₹1,02,000.
You can apply in Dynamic IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Dynamic IPO will be done on Friday, October 8, 2021, and the allotted shares will be credited to your demat account by Tuesday, October 12, 2021. Check the Dynamic IPO allotment status.
The Dynamic IPO listing date is on Wednesday, October 13, 2021.
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