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Service Care IPO is a book build issue of ₹20.68 crores. The issue is entirely a fresh issue of 0.31 crore shares of ₹20.68 crore.
Service Care IPO bidding started from Jul 14, 2023 and ended on Jul 18, 2023. The allotment for Service Care IPO was finalized on Jul 21, 2023. The shares got listed on NSE SME on Jul 26, 2023.
Service Care IPO price band is set at ₹67.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,26,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,68,000.
Swastika Investmart Ltd. is the book running lead manager and Integrated Registry Management Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Service Care IPO RHP for detailed Information.
| IPO Date | July 14, 2023 to July 18, 2023 |
| Listing Date | July 26, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹63 to ₹67 per share |
| Issue Price Final | ₹67 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,86,000 shares (aggregating up to ₹20.68 Cr) |
| Reserved for Market Maker | 1,56,000 shares Rikhav Securities Ltd. (aggregating up to ₹1.05 Cr) |
| Net Offered to Public | 29,30,000 shares (aggregating up to ₹19.63 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 84,12,500 shares |
| Share Holding Post Issue | 1,14,98,500 shares |
Service Care IPO offers total 30,86,000 shares. Out of which 2,94,000 (9.53%) allocated to QIB, 13,18,000 (42.71%) allocated to NII, 13,18,000 (42.71%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,56,000 (5.06%) |
| QIB Shares Offered | 2,94,000 (9.53%) |
| NII (HNI) Shares Offered | 13,18,000 (42.71%) |
| Retail Shares Offered | 13,18,000 (42.71%) |
| Total Shares Offered | 30,86,000 (100.00%) |
Service Care IPO opens on July 14, 2023, and closes on July 18, 2023.
| IPO Open Date | Fri, Jul 14, 2023 |
| IPO Close Date | Tue, Jul 18, 2023 |
| Tentative Allotment | Fri, Jul 21, 2023 |
| Initiation of Refunds | Mon, Jul 24, 2023 |
| Credit of Shares to Demat | Tue, Jul 25, 2023 |
| Tentative Listing Date | Wed, Jul 26, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jul 18, 2023 |
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 | ₹1,34,000 |
| Retail (Max) | 1 | 2,000 | ₹1,34,000 |
| HNI (Min) | 2 | 4,000 | ₹2,68,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2011, "Service Care Limited" is engaged in offering services such as Workspace Administration Services and Workforce Administration Services across all business domains.
The Workspace Administration Services delivers professional services towards facility management, whereas under the workforce management services segment, they offer end-to-end HRMS & HROS services, designed to solve complex HR challenges.
Service Care Limited has an overall experience and Market presence of over 23 years. The company has established its creditability with its customers and partners across the country.
They presently have a team of 5,800+ associates (including contractual employees). Service Care currently serve clients from various segments like Engineering, Education, Manufacturing, Infrastructure, Government & Banking, Information Technology, healthcare, Staffing & Recruitment, Food, FMCG verticals, and so on.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 1,920.92 | 10,812.34 | 136.28 | 434.38 | 433.38 | 306.01 |
| 31-Mar-21 | 2,019.92 | 8,933.38 | 23.46 | 457.84 | 456.84 | 314.56 |
| 31-Mar-22 | 2,430.89 | 11,501.64 | 174.48 | 632.32 | 631.32 | 341.47 |
| 31-Jan-23 | 3,181.30 | 13,217.29 | 302.34 | 1,134.66 | 1,133.41 | |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Service Care IPO is ₹77.04 Cr.
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players around. The sudden boost in its bottom line for 10M-FY23 raised eyebrows and concern over sustainability going forward. Based on such super earnings, the issue appears fully priced. Since transparency is missing in financial data, there is no harm in skipping this aggressively priced issue. Read detail review...
| Listing Date | July 26, 2023 |
| BSE Script Code | |
| NSE Symbol | SERVICE |
| ISIN | INE0P1Q01015 |
| Final Issue Price | ₹67 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹67.00 |
| Open | ₹70.90 |
| Low | ₹67.35 |
| High | ₹70.90 |
| Last Trade | ₹67.55 |
Service Care Ltd.
No. 653, 1st Floor,
2nd Main Road Domlur Layout,
Bangalore,
Bangalore Urban, Karnataka, 560071
Phone: +91-80-25354728 / 2535472
Email: compliance@servicecare.in
Website: http://www.servicecare.in/
Integrated Registry Management Services Pvt.Ltd.
Phone: 044 - 28140801 to 28140803
Email: giri@integratedindia.in
Website: https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1
Service Care IPO is a SME IPO of 30,86,000 equity shares of the face value of ₹10 aggregating up to ₹20.68 Crores. The issue is priced at ₹67 per share. The minimum order quantity is 2000.
The IPO opens on July 14, 2023, and closes on July 18, 2023.
Integrated Registry Management 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 Service Care IPO using UPI as a payment gateway. Zerodha customers can apply in Service Care IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Service Care IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Service Care IPO opens on July 14, 2023 and closes on July 18, 2023.
Service Care IPO lot size is 2000, and the minimum amount required for application is ₹1,34,000.
You can apply in Service Care 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 Service Care IPO will be done on Friday, July 21, 2023, and the allotted shares will be credited to your demat account by Tuesday, July 25, 2023. Check the Service Care IPO allotment status.
The Service Care IPO listing date is on Wednesday, July 26, 2023.
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