Bookbuilding IPO | ₹4 Cr | Listed at NSE SME | Fri, Jul 28, 2017 - Tue, Aug 1, 2017
Surevin BPO IPO is a book build issue of ₹3.65 crores. The issue is entirely a fresh issue of 0.09 crore shares of ₹3.65 crore.
Surevin BPO IPO bidding started from Jul 28, 2017 and ended on Aug 1, 2017. The shares got listed on NSE SME on Aug 9, 2017.
Surevin BPO IPO price band is set at ₹40 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,20,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Hem Securities Ltd. is the book running lead manager and Sharex Dynamic (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Surevin BPO IPO RHP for detailed Information.
IPO Open
Fri, Jul 28, 2017
IPO Close
Tue, Aug 1, 2017
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹13.55 Cr
| IPO Date | 28 Jul to 1 Aug, 2017 |
| Listed on | Wed, Aug 9, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹38 to ₹40 |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 9,12,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 48,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.1920 Cr) |
| Fresh Issue (Ex Market Maker) | 8,64,000 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 8,64,000 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 24,75,000 shares |
| Share Holding Post Issue | 33,87,000 shares |
| NSE Symbol | WEWIN |
| ISIN | INE082W01014 |
Surevin BPO IPO comprises a total issue size of 9,12,000 shares. The net offer to the public is 8,64,000 shares, after excluding 48,000 shares allotted on a firm basis. Of the Net offer 4,32,000 (50.00%) allocated to NII 4,32,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,32,000 | 50.00% | 47.37% |
| Retail Shares Offered | 4,32,000 | 50.00% | 47.37% |
| Firm Reservations | |||
| Market Maker Shares Offered | 48,000 | 5.26% | |
| Total Shares Offered | 9,12,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Incorporated in 2007, Surevin BPO Services Ltd (SBSL) provides business process outsourcing services to clients in India. They are one of the leading certified service providers of IT solutions and Business services, outsourcing services, digital solutions and marketing, data enrichment and management service, skill development and training program and HR consultancy.
Surevin offers IT solution and business services including inbound and outbound call center, voice broadcast, and document digitalization services and other outsourcing services, digital solutions and marketing services, data enrichment and management services, skill development and training programs and human resource consultancy services. They also offers lifecycle management, technology and infrastructure, back office, HRO, financial and insurance, telecom and training, and other services.
Currently SBSL is focusing on outsourcing services that include inbound and outbound call, software development and providing optical fibre cabling to Reliance, Idea and BSNL. They also provides principal services in sectors like BFSI, Government Agencies, Telecom, Technology and media industries, back office services, HRO services, Training etc.
| 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 | To Meet Working Capital Requirement | 2.54 |
| 2 | General Corporate Purpose | 0.58 |
The Surevin IPO is subscribed 55.38 times on August 1, 2017 5:00:00 PM (Day 3). The public issue subscribed 34.89 times in the retail category, [.] times in the QIB category, and 75.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 75.12 | 4,56,000 | 3,42,54,000 |
| Retail | 34.89 | 4,56,000 | 1,59,09,000 |
| Total | 55.38 | 9,12,000 | 5,05,08,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to merchant banker including underwriting and selling commissions, brokerages, Printing and stationery and postage expenses, Advertising and marketing expenses, Statutory expenses payment to other intermediaries such as legal advisors, registrars, etc and other out of pocket expenses | 0.53 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹48.00 |
| Low | ₹38.30 |
| High | ₹48.00 |
| Last Trade | ₹40.20 |
Lead Manager Reports
Surevin BPO IPO is a SME IPO of 9,12,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Jul 28, 2017, and closes on Tue, Aug 1, 2017.
Sharex Dynamic (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Surevin BPO IPO using UPI as a payment gateway. Zerodha customers can apply in Surevin BPO IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Surevin BPO IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Surevin BPO IPO opens on Fri, Jul 28, 2017 and closes on Tue, Aug 1, 2017.
Surevin BPO IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Surevin BPO 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 Surevin BPO IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Surevin BPO IPO allotment status.
The Surevin BPO IPO listing date is on Wed, Aug 9, 2017.
