Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of SIS Cash Services Ltd. on July 17, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
SIS Cash Services Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on NSE and BSE. Dam Capital Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to SIS Cash IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Mar 31, 2025 |
| SEBI/Exchange approval received | Thu, Jul 17, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
Incorporated in 2011, SIS Cash Services Limited provides a range of cash logistics and outsourcing solutions across India. The company offers the following services:
These services, collectively known as Traditional Cash Logistics Services and New Solutions, form the core of the company's offerings. Over time, SIS Cash Services Limited has moved towards offering integrated and end-to-end outsourcing solutions, especially for the banking sector.
The company serves both public and private sector banks, offering customized outsourcing services based on specific requirements. SIS Cash Services Limited also provides services to clients in organised retail, government departments, and e-commerce, among other sectors.
As of December 31, 2024, eight of the company’s top 10 clients have been associated for over a decade. Key clients include Union Bank of India, Central Bank of India, State Bank of India, HDFC Bank, Axis Bank, ICICI Bank, IDBI Bank, and several foreign banks. The client base also includes managed service providers, NBFCs, retail chains, public sector units, railways, hospitals, metro systems, educational institutions, tea gardens, passport centres, and fuel outlets.
SIS Cash Services Limited operates through an integrated platform supported by proprietary and licensed technology solutions, including systems provided by Prosegur. As of December 31, 2024, the workforce includes 11,818 direct employees and 5,575 personnel from third-party sources.
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 710.82 | 648.92 | 599.94 | 518.58 |
| Total Income | 535.78 | 645.53 | 550.46 | 396.14 |
| Profit After Tax | 38.74 | 50.16 | 18.85 | 4.75 |
| NET Worth | 193.39 | 154.52 | 104.63 | 85.25 |
| Reserves and Surplus | 173.57 | 134.71 | 84.81 | 65.43 |
| Total Borrowing | 191.60 | 205.93 | 238.56 | 220.14 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements for the purchase of cash vehicles and fabrication of the secured vehicle. | 37.59 |
| 2 | Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company. | 29.81 |
| 3 | General corporate purposes. |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 38.71% |
| ROCE | 27.59% |
| Debt/Equity | 1.14 |
| RoNW | 38.71% |
| PAT Margin | 7.91% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 25.32 | |
| Promoter Holding | 98% |
Lead Manager Reports
SIS Cash IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The SIS Cash IPO open and close dates are not available as of now.
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 Cash IPO using UPI as a payment gateway. Zerodha customers can apply in SIS Cash IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SIS Cash IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SIS Cash IPO dates are not announced. Please check back again after some time.
SIS Cash IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in SIS Cash 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 Cash IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the SIS Cash IPO allotment status.
The SIS Cash IPO listing date is not yet announced. The tentative date of listing is .
