Fixed Price IPO | ₹24 Cr | Listed at NSE SME | Thu, Sep 30, 2021 - Tue, Oct 5, 2021
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Sep 30, 2021
IPO Close
Tue, Oct 5, 2021
Issue Price
₹51 per share
Market Cap (Pre-IPO)
₹68.94 Cr
| IPO Date | 30 Sep to 5 Oct, 2021 |
| Listed on | Wed, Oct 13, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 47,32,000 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 2,38,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 44,94,000 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 44,94,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 87,86,192 shares |
| Share Holding Post Issue | 1,35,18,192 shares |
| NSE Symbol | DYNAMIC |
| ISIN | INE0DZ701010 |
Dynamic IPO comprises a total issue size of 47,32,000 shares. The net offer to the public is 44,94,000 shares, after excluding 2,38,000 shares allotted on a firm basis. Of the Net offer 22,46,000 (49.98%) allocated to NII 22,48,000 (50.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 22,46,000 | 49.98% | 47.46% |
| Retail Shares Offered | 22,48,000 | 50.02% | 47.51% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,38,000 | 5.03% | |
| Total Shares Offered | 47,32,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital Requirement | 20.00 |
| 2 | General Corporate Expenses | 3.70 |
| 3 | Public Issue Expenses | 0.43 |
The Dynamic Services & Security IPO is subscribed 1.94 times on October 5, 2021 5:00:00 PM (Day 4). The public issue subscribed 1.56 times in the retail category, [.] times in the QIB category, and 2.33 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.33 | 22,46,000 | 52,44,000 |
| Retail | 1.56 | 22,48,000 | 34,96,000 |
| Total | 1.94 | 44,94,000 | 87,40,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including Underwriting Commission, Brokerage, Selling Commission and upload Fees, Registrar to the Issue, Legal Advisors etc. | 0.30 |
| 2 | Regulators Including Stock Exchanges | 0.10 |
| 3 | Advertising and Marketing Expenses | 0.03 |
| 4 | Printing and distribution of Issue Stationary | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹53.00 |
| Low | ₹50.35 |
| High | ₹55.65 |
| Last Trade | ₹53.55 |
Lead Manager Reports
Dynamic IPO is a SME IPO of 47,32,000 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Sep 30, 2021, and closes on Tue, Oct 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 Thu, Sep 30, 2021 and closes on Tue, Oct 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 Tue, Oct 12, 2021. Check the Dynamic IPO allotment status.
The Dynamic IPO listing date is on Wed, Oct 13, 2021.
