Bookbuilding IPO | ₹21 Cr | Listed at NSE SME | Fri, Jul 14, 2023 - Tue, Jul 18, 2023
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 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,34,000 (2000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Jul 14, 2023
IPO Close
Tue, Jul 18, 2023
Issue Price
₹67 per share
Market Cap (Pre-IPO)
₹77.04 Cr
| IPO Date | 14 to 18 Jul, 2023 |
| Listed on | Wed, Jul 26, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹63 to ₹67 |
| Issue Price | ₹67 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 30,86,000 shares (agg. up to ₹21 Cr) |
| Reserved for Market Maker | 1,56,000 shares Rikhav Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 29,30,000 shares (agg. up to ₹20 Cr) |
| Net Offered to Public | 29,30,000 shares (agg. up to ₹20 Cr) |
| Share Holding Pre Issue | 84,12,500 shares |
| Share Holding Post Issue | 1,14,98,500 shares |
| NSE Symbol | SERVICE |
| ISIN | INE0P1Q01015 |
Service Care IPO comprises a total issue size of 30,86,000 shares. The net offer to the public is 29,30,000 shares, after excluding 1,56,000 shares allotted on a firm basis. Of the Net offer 2,94,000 (10.03%) are allocated to QIB, 13,18,000 (44.98%) allocated to NII 13,18,000 (44.98%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 2,94,000 | 10.03% | 9.53% |
| NII (HNI) Shares Offered | 13,18,000 | 44.98% | 42.71% |
| Retail Shares Offered | 13,18,000 | 44.98% | 42.71% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,56,000 | 5.06% | |
| Total Shares Offered | 30,86,000 | 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 | ₹1,34,000 |
| Retail (Max) | 1 | 2,000 | ₹1,34,000 |
| HNI (Min) | 2 | 4,000 | ₹2,68,000 |
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 | 31 Jan 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 31.81 | 24.31 | 20.20 | 19.21 |
| Total Income | 132.17 | 115.02 | 89.33 | 108.12 |
| Profit After Tax | 3.02 | 1.74 | 0.23 | 1.36 |
| NET Worth | 11.35 | 6.32 | 4.58 | 4.34 |
| Reserves and Surplus | 11.33 | 6.31 | 4.57 | 4.33 |
| Total Borrowing | 3.41 | 3.15 | 3.06 | |
| 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 Incremental Working Capital Requirements | 15.00 |
| 2 | General Corporate Purpose | 2.60 |
| KPI | Mar 31, 2022 |
|---|---|
| ROE | 32 |
| ROCE | 25 |
| Debt/Equity | 0.54 |
| RoNW | 27.59 |
| PAT Margin | 1.52% |
| EBITDA Margin | 2.16% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1744.81 | |
| P/E (x) | 21.2 | |
| Promoter Holding | 100% | |
| Market Cap | ₹77.04 Cr. |
The Service Care IPO is subscribed 6.44 times on July 18, 2023 7:29:00 PM (Day 3). The public issue subscribed 10.54 times in the retail category, 5.1 times in the QIB category, and 2.64 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 5.1 | 2,94,000 | 14,98,000 |
| NII* | 2.64 | 13,18,000 | 34,84,000 |
| Retail | 10.54 | 13,18,000 | 1,38,86,000 |
| Total | 6.44 | 29,30,000 | 1,88,68,000 |
Total Application : 6,943
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission, Brokerage, selling, commission and upload fees and Other intermediaries Fee | 2.65 |
| 2 | Fees Payable Advertising, Marketing Expenses and Printing Expenses. | 0.30 |
| 3 | Fees Payable to Regulators including Stock Exchanges. | 0.13 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹67.00 |
| Open | ₹70.90 |
| Low | ₹67.35 |
| High | ₹70.90 |
| Last Trade | ₹67.55 |
Integrated Registry Management Services Pvt.Ltd.
Lead Manager Reports
Service Care IPO is a SME IPO of 30,86,000 equity shares of the face value of ₹10 aggregating up to ₹21 Crores. The issue is priced at ₹67 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Jul 14, 2023, and closes on Tue, Jul 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 Fri, Jul 14, 2023 and closes on Tue, Jul 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 Tue, Jul 25, 2023. Check the Service Care IPO allotment status.
The Service Care IPO listing date is on Wed, Jul 26, 2023.
