Service Care IPO will open for subscription from 14 July 2023. the company aims for an issue size of ₹20.68 Cr through this IPO.
Company Overview
| Full name | Service Care Limited |
| Sector | Miscellaneous |
| Industry | Miscellaneous |
| Company Website | https://servicecare.in/ |
About Company
Incorporated in 2011, Service Care’s objective is to provide services such as Workspace Administration Services and Workforce Administration Services across all business domains. The Workspace Administration services cover all the integrated facility management and business services, on the other hand, Workforce Administration services cover all kinds of staffing solutions, outsourced recruitment processes, and payroll management, they offer end-to-end HRMS & HROS services, designed to solve complex HR challenges.
The company has overall experience and Market presence of more than 23 years. It has established its creditability with its customers and partners across the country. The company currently 5,800+ associate team (including contractual employees). Service Care currently services clients from the Manufacturing, Engineering, Infrastructure, Information Technology, Government & Banking, healthcare, Staffing & Recruitment, Food, Education, and FMCG verticals.
The Objective of the Issue
- To Meet Incremental Working Capital Requirements,
- General Corporate Purpose,
- To meet Public Issue Expenses.
IPO Timetable
| IPO Opening date | 14 July 2023 |
| IPO Closing | 18 July 2023 |
| Basis of Allotment | 21 July 2023 |
| Initiation Refund | 24 July 2023 |
| Credit to Demat Account | 25 July 2023 |
| Listing Date | 26 July 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹20.68 Cr – 3,086,000 shares |
| Fresh Issue | ₹20.68 Cr – 3,086,000 shares |
| Offer for sale | NIL |
| Face value | ₹10 per share |
| Price Band | ₹63 to ₹67 per share |
| Lot size | 2000 Shares |
| Market makers portion | 156,000 shares |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹134,000 |
| Retail (Max) | 1 | 2000 | ₹134,000 |
| HNI (Min) | 2 | 4,000 | ₹268,000 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 10M FY 2023 | |
| Revenue | 108.07 | 89.26 | 114.95 | 132.08 |
| Expenses | 105.89 | 88.87 | 112.69 | 128.15 |
| Net income | 1.36 | 0.23 | 1.74 | 3.02 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 1,362.85 | 234.60 | 1,744.81 |
| PE ratio | – | – | – |
| RONW (%) | 31.37 | 5.12 | 27.59 |
| NAV | – | – | 6,323.20 |
| ROCE (%) | 36.0 | 8.0 | 25.0 |
| EBITDA (%) | 2.47 | 0.75 | 2.15 |
| Debt/Equity | 0.70 | 0.69 | 0.54 |
Company Promoters
- Mrs. Shany Jalal
- Mr. Anil Kumar M
- Mr. Amit Kumar Rakhecha
Promoter Holding
| Pre Issue Share Holding | – |
| Post Issue Share Holding | – |
Lead Manager(s)
SWASTIKA INVESTMART LIMITED
Flat No18 Floor 2 North Wing, Madhaveshwar
Coop Hsg Society Ltd Madhav Nagar,
11/12 S V Road Andheri W Mumbai Mumbai City – 400058
Phone: +91-22-26254568-69
Email: merchantbanking@swastika.co.in
Website: www.swastika.co.in
IPO Registrar
INTEGRATED REGISTRY MANAGEMENT SERVICES PRIVATE LIMITED
No. 30 Ramana Residency, 4th Cross Sampige Road,
Malleswaram, Bengaluru – 560003
Phone: +91-80-23460815/816/817/818
Email: giri@integratedindia.in
Website: www.integratedindia.in
Contact Details
SERVICE CARE LIMITED
No. 653, 1st Floor, 2nd Main Road Domlur Layout,
Bangalore, Karnataka – 560071
Phone: +91-80-25354728 / 25354729
E-mail: compliance@servicecare.in
Website: www.servicecare.in
Allotment Status
Service Care IPO allotment status will be updated on the website of Integrated Registry Management Services. Click on this link to get allotment status.
Final thoughts
Service Care IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
