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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 ₹815.00 per share . The lot size for an application is 18. The minimum amount of investment required by an retail is ₹14,490 (18 shares). 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.
| IPO Date | July 31, 2017 to August 2, 2017 |
| Listing Date | August 10, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹805 to ₹815 per share |
| Issue Price Final | ₹815 per share |
| Lot Size | 18 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 95,65,404 shares (aggregating up to ₹779.58 Cr) |
| Fresh Issue | 44,44,785 shares (aggregating up to ₹362.25 Cr) |
| Offer for Sale | 51,20,619 shares of ₹10 (aggregating up to ₹417.33 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 6,87,14,250 shares |
| Share Holding Post Issue | 7,31,59,035 shares |
SiS IPO offers total 95,65,404 shares. Out of which 71,74,054 (75.00%) allocated to QIB, 28,69,622 (30.00%) allocated to QIB, 14,34,810 (15.00%) allocated to NII, 9,56,540 (10.00%) allocated to RII and 43,04,432 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
SIS IPO opens on July 31, 2017, and closes on August 2, 2017.
| IPO Open Date | Mon, Jul 31, 2017 |
| IPO Close Date | Wed, Aug 2, 2017 |
| Tentative Allotment | Mon, Aug 7, 2017 |
| Initiation of Refunds | Tue, Aug 8, 2017 |
| Credit of Shares to Demat | Wed, Aug 9, 2017 |
| Tentative Listing Date | Thu, Aug 10, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Aug 2, 2017 |
Investors can bid for a minimum of 18 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 | 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 |
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.
| Particulars | For the year/period ended (in Rs. Million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | ||
| Total Assets | 5,173.28 | 4,393.85 | 3,629.42 | 3,038.69 | 2,370.46 | |
| Total Revenue | 12,873.22 | 10,562.87 | 8,244.94 | 5,826.73 | 4,648.84 | |
| Profit After Tax | 339.08 | 246.38 | 332.15 | 298.93 | 110.53 | |
The Company SIS IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] Being the first mover in three growing segments (of security services, cash logistics and facility management under one roof and registering 2.5 to 3% growth on month on month basis) issue is likely to generate fancy going forward. Investment may be considered for short to long term. Read detail review...
| Listing Date | August 10, 2017 |
| BSE Script Code | 540673 |
| NSE Symbol | SIS |
| ISIN | INE285J01010 |
| Final Issue Price | ₹815 per share |
| BSE Listing Group | B |
Security & Intelligence Services (India) Ltd.
Annapoorna Bhawan,
Telephone Exchange Road,
Kurji, Patna 800 010
Patna, Bihar
Phone: +91 612 226 6666
Email: compliance@sisindia.com
Website: http://www.sisindia.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: sis.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
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 ₹779.58 Crores. The issue is priced at ₹815 per share. The minimum order quantity is 18.
The IPO opens on July 31, 2017, and closes on August 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 July 31, 2017 and closes on August 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 Wednesday, August 9, 2017. Check the SIS IPO allotment status.
The SIS IPO listing date is on Thursday, August 10, 2017.
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