Bookbuilding IPO | ₹780 Cr | Listed at BSE, NSE | Mon, Jul 31, 2017 - Wed, Aug 2, 2017
SIS IPO is a book build issue of ₹779.58 crores. The issue is a combination of fresh issue of 0.44 crore shares aggregating to ₹362.25 crores and offer for sale of 0.51 crore shares aggregating to ₹417.33 crores.
SIS IPO bidding started from Jul 31, 2017 and ended on Aug 2, 2017. The allotment for SIS IPO was finalized on Aug 7, 2017. The shares got listed on BSE, NSE on Aug 10, 2017.
SIS IPO price band is set at ₹815 per share. The lot size for an application is 18. The minimum amount of investment required by an retail is ₹14,670 (18 shares) (based on upper price). The lot size investment for sNII is 14 lots (252 shares), amounting to ₹2,05,380, and for bNII, it is 69 lots (1,242 shares), amounting to ₹10,12,230.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to SIS IPO RHP for detailed Information.
IPO Open
Mon, Jul 31, 2017
IPO Close
Wed, Aug 2, 2017
Issue Price
₹815 per share
Market Cap (Pre-IPO)
₹5,962.46 Cr
| IPO Date | 31 Jul to 2 Aug, 2017 |
| Listed on | Thu, Aug 10, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹805 to ₹815 |
| Issue Price | ₹815 per share |
| Lot Size | 18 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 95,65,404 shares (agg. up to ₹780 Cr) |
| Fresh Issue | 44,44,785 shares (agg. up to ₹362 Cr) |
| Offer for Sale | 51,20,619 shares of ₹10 (agg. up to ₹417 Cr) |
| Share Holding Pre Issue | 6,87,14,250 shares |
| Share Holding Post Issue | 7,31,59,035 shares |
| BSE Script Code / NSE Symbol | 540673 / SIS |
| ISIN | INE285J01010 |
SIS IPO comprises a total issue size of 95,65,404 shares. Out of which, 71,74,054 (75.00%) are allocated to QIB, 14,34,810 (15.00%) allocated to NII 9,56,540 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 71,74,054 | 75.00% | NA |
| − Anchor Investor Shares Offered | 43,04,432 | 45.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 28,69,622 | 30.00% | NA |
| NII (HNI) Shares Offered | 14,34,810 | 15.00% | NA |
| Retail Shares Offered | 9,56,540 | 10.00% | 53,141 |
| Total Shares Offered | 95,65,404 | 100.00% |
Investors can bid for a minimum of 18 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 18 | ₹14,670 |
| Retail (Max) | 13 | 234 | ₹1,90,710 |
| S-HNI (Min) | 14 | 252 | ₹2,05,380 |
| S-HNI (Max) | 68 | 1,224 | ₹9,97,560 |
| B-HNI (Min) | 69 | 1,242 | ₹10,12,230 |
SIS IPO raises ₹350.81 crore from anchor investors. SIS IPO Anchor bid date is July 28, 2017.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Jul 28, 2017 |
| Shares Offered | 43,04,432 |
| Anchor Portion (₹ Cr.) | 350.81 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Sep 6, 2017 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Nov 5, 2017 |
Incorporated in 1985, Security and Intelligence Services (India) Limited provides private security and facility management services in India and Australia. They offers cash logistics; security services, including manned guarding, cash logistics, and electronic security; and facility management services, such as mechanized cleaning, and pest and termite control services.
SiS servers customers that operate in various industries and sectors, which include banking and financial services, IT/ITeS and telecom, automobile, steel and heavy industries, governmental undertakings, hospitality and real estate, utilities, educational institutions, healthcare, consumer goods, engineering, and construction.
SIS Group is present across all the 29 states in India. They have joint ventures with affiliates of Prosegur Compañía de Seguridad, S.A and Terminix International Company, L.P. (“Terminix”), a multi-national provider of termite and pest control services.
| 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 | Repayment and pre-payment of a portion of certain outstanding indebtedness availed by the Company | 200.00 |
| 2 | Funding working capital requirements of the Company | 60.00 |
| 3 | General corporate purposes | 78.86 |
The SiS IPO is subscribed 7.07 times on August 2, 2017 5:00:00 PM (Day 3). The public issue subscribed 19.51 times in the retail category, 5.64 times in the QIB category, and 1.66 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 5.64 | 29,11,034 | 1,64,19,222 |
| NII | 1.66 | 14,43,092 | 23,92,218 |
| Retail | 19.51 | 9,62,061 | 1,87,65,342 |
| Total | 7.07 | 53,16,187 | 3,75,76,782 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to GCBRLMs and the BRLMs | 25.90 |
| 2 | Selling commission and processing fees for SCSBs | 1.48 |
| 3 | Brokerage, selling commission and bidding charges for the Members of the Syndicate, Registered Brokers, RTAs and CDPs | 1.24 |
| 4 | Fees payable to the Registrar to the Offer | 0.07 |
| 5 | Others: i. Listing fees, SEBI filing fees, book building software fees and other regulatory expenses; ii. Printing and stationery expenses; iii. Advertising and marketing for the Offer; and iv. Miscellaneous | 21.79 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹815.00 | ₹815.00 |
| Open | ₹875.00 | ₹879.80 |
| Low | ₹749.00 | ₹748.80 |
| High | ₹878.00 | ₹879.80 |
| Last Trade | ₹756.70 | ₹757.05 |
Lead Manager Reports
SIS IPO is a main-board IPO of 95,65,404 equity shares of the face value of ₹10 aggregating up to ₹780 Crores. The issue is priced at ₹815 per share. The minimum order quantity is 18.
The IPO opens on Mon, Jul 31, 2017, and closes on Wed, Aug 2, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in SIS IPO using UPI as a payment gateway. Zerodha customers can apply in SIS IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SIS IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SIS IPO opens on Mon, Jul 31, 2017 and closes on Wed, Aug 2, 2017.
SIS IPO lot size is 18, and the minimum amount required for application is ₹14,670.
You can apply in SIS 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 SIS IPO will be done on Monday, August 7, 2017, and the allotted shares will be credited to your demat account by Wed, Aug 9, 2017. Check the SIS IPO allotment status.
The SIS IPO listing date is on Thu, Aug 10, 2017.
