Fixed Price IPO | ₹15 Cr | Listed at NSE SME | Wed, Sep 27, 2017 - Tue, Oct 3, 2017
Reliable Data Services IPO is a fixed price issue of ₹14.82 crores. The issue is entirely a fresh issue of 0.26 crore shares of ₹14.82 crore.
Reliable Data Services IPO bidding started from Sep 27, 2017 and ended on Oct 3, 2017. The shares got listed on NSE SME on Oct 11, 2017.
Reliable Data Services IPO price is ₹57 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,14,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,28,000.
Swastika Investmart Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Beeline Broking Ltd..
Refer to Reliable Data Services IPO RHP for detailed Information.
IPO Open
Wed, Sep 27, 2017
IPO Close
Tue, Oct 3, 2017
Issue Price
₹57 per share
Market Cap (Pre-IPO)
₹49.02 Cr
| IPO Date | 27 Sep to 3 Oct, 2017 |
| Listed on | Wed, Oct 11, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹57 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 26,00,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 1,40,000 shares Beeline Broking Ltd. (agg. up to ₹0.7980 Cr) |
| Fresh Issue (Ex Market Maker) | 24,60,000 shares (agg. up to ₹14 Cr) |
| Net Offered to Public | 24,60,000 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 60,00,000 shares |
| Share Holding Post Issue | 86,00,000 shares |
| NSE Symbol | RELIABLE |
| ISIN | INE375Y01018 |
Reliable Data Services IPO comprises a total issue size of 26,00,000 shares. The net offer to the public is 24,60,000 shares, after excluding 1,40,000 shares allotted on a firm basis. Of the Net offer 12,30,000 (50.00%) allocated to NII 12,30,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,30,000 | 50.00% | 47.31% |
| Retail Shares Offered | 12,30,000 | 50.00% | 47.31% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,40,000 | 5.38% | |
| Total Shares Offered | 26,00,000 | 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 | ₹1,14,000 |
| Retail (Max) | 1 | 2,000 | ₹1,14,000 |
| HNI (Min) | 2 | 4,000 | ₹2,28,000 |
Incorporated in 2001, Reliable Data Services is Delhi based IT service provider offering services in areas including management services, transaction processing services, human resources services and other allied services. Reliable Data provide these IT enabled services to banks, financial institutions and manufacturing industries.
Reliable Data has expanded its business through its nine subsidiary companies. The services offered by the company as listed as below:
1. Transaction Processing Services
• Pick-up and processing cheques / Drafts / Documents from clients.
• Back office support for Bank clearances and to expedite remittances.
• Coordinating Funds activity between banks and their clients.
• Follow-up with correspondent banks to expedite the early clearance of cheques and remittances against the same.
• Follow-up with your correspondent banks for old outstanding amount of up country cheques sent for clearance.
• Specialized collection of cheque and tracking of same and reporting at the frequency mentioned by the client.
• Collection of Duplicate DDs against the lost / mutilated or time barred instruments.
2. Human Resources Services
• Recruitment solutions including placement services.
• Payroll Processing.
• Outsourcing solutions related to manpower.
• Basic training facility to candidates.
• Management Compensation Planning.
• Bulk Return filing.
• Provident fund and ESI related services.
3. Management Services
• Business Consulting Services.
• Designing and installing system for budgetary control, fund management and costing.
• Designing of Accounting and Office records.
• MIS and System review.
• Financial projections and modeling.
• Business Valuations.
• Due diligence reviews.
• Strategic Financial Management.
• Project feasibility studies.
4. Other Services
• Digitization of records with high quality scanning.
• Bulk Data entry job work, assisting the clients with bulk entry of data within restricted time. Merchant Servicing. Management of “DROP BOXES” and complete process of collections including MIS Reporting.
• Management of Authorisation Centres.
• Delivery and tracking of documents/bills to customers. Total mail management.
• Pick-up and processing of Charge Slips.
• Verification, physical as well as telephonic of addresses and details of new subscribers.
• Complete handling of IPOs i.e. collection of subscription forms from syndicators, data entry of the forms and encoding of cheques.
• Process review and restructuring.
| 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 | 5.00 |
| 2 | Prepayment of Loan | 5.96 |
| 3 | Capital Expenditure | 2.48 |
| 4 | General Corporate Expenses | 0.97 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 30 | |
| Market Cap | ₹49.02 Cr. |
The Reliable Data IPO is subscribed [.] times on October 3, 2017 5:00:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, etc | 0.32 |
| 2 | Printing and Stationery and postage expenses | 0.01 |
| 3 | Advertising and Marketing expenses | 0.01 |
| 4 | Statutory expenses | 0.06 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹57.00 |
| Open | ₹68.40 |
| Low | ₹68.40 |
| High | ₹68.40 |
| Last Trade | ₹68.40 |
Lead Manager Reports
Reliable Data Services IPO is a SME IPO of 26,00,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹57 per share. The minimum order quantity is 2000.
The IPO opens on Wed, Sep 27, 2017, and closes on Tue, Oct 3, 2017.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Reliable Data Services IPO using UPI as a payment gateway. Zerodha customers can apply in Reliable Data Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Reliable Data Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Reliable Data Services IPO opens on Wed, Sep 27, 2017 and closes on Tue, Oct 3, 2017.
Reliable Data Services IPO lot size is 2000, and the minimum amount required for application is ₹1,14,000.
You can apply in Reliable Data Services 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 Reliable Data Services IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Reliable Data Services IPO allotment status.
The Reliable Data Services IPO listing date is on Wed, Oct 11, 2017.
