July 26, 2023
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Service Care IPO GMP, Details, Guidance & Subscription Status at Chanakyanipothi.com, the Oldest & the most Trusted Investment Website in India for coming up IPOs. Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 23 Years.
Service Care IPO Listing Review:
Listed at Rs. 70.90 as compared to last GMP Rs. 5. The grey market buyers who accumulated shares in the first 2 GMP trading sessions earned profit of Rs. 0.90 to Rs. 1.90, whereas the buyers subsequently bought shares, made loss of Rs. 1.10 to 6.10.
Service Care IPO Guidance:
This Bangalore based company is into workforce management service and has currently 5,800+ associate team. The business has strong growth potential. Topline and net profits are reasonably good. At present, grey market fancy is low. Small listing gains are possible.
What is the GMP of Service Care IPO?
Click for latest GMP
Service Care IPO Subscription
On 18 July 2023 @ 5.00 (Day 3) (Closed)
QIB: 294000 Shares 5.10 T
NII: 1318000 Shares 2.64 T
RII: 1318000 Shares 10.52 T
Total: 2930000 Shares 6.43 T
Service Care IPO GMP, Details, Guidance, Subscription
About the business
The Company is in the business of providing services as Workspace Administration Services
& Workforce Administration Services across all the business domains. With the overall experience and Market presence of more than 23 years of the promoters, company have establish its creditability with its customers and partners across the country. Primarily Workspace Administration services covers all the Integrated Facility Management and Business Services, on the other hand Workforce Administration services covers all kind staffing solutions, outsourced recruitment processes and payroll management.
The Company currently 5,800+ associate team (including contractual employees). Company currently service clients from the Manufacturing, Engineering, Infrastructure, Information Technology, Government & Banking, healthcare, Staffing & Recruitment, Food, Education, FMCG verticals.
Get more information about the company @ http://www.servicecare.in/
| IPO Details | |
| IPO opens on Tentative | 14 July 2023 |
| IPO closes on | 18 July 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3086000 Sh /Rs 20.68 Cr |
| * Fresh Issue | 3086000 Sh /Rs 20.68 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 156000 Sh. |
| Net offer to Public | 2930000 Sh. |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 63-67 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | 1465000 | 9.82 |
| NII (15%) | 439500 | 2.94 |
| RII (35%) | 1025500 | 6.87 |
| Total Shares | 2930000 | 19.63 |
| Retail portion will be oversubscribed by | 513 | |
| Forms | ||
| How much Shares to Apply in Service care IPO? | ||
| Min Retail Application | 2000 Sh | Rs. 134000 |
| Min HNI Application | 4000 Sh | Rs.268000 |
Who are the Promoters of Service Care IPO?
MRS. SHANY JALAL, MR. ANIL KUMAR M AND MR. AMIT KUMAR RAKHECHA
What are the Objects of Service Care IPO?
The Company proposes to utilize the Net Proceeds from the Issue
To Meet Incremental Working Capital Requirements
General Corporate Purpose
To meet Public Issue Expenses
| IPO Tentative timetable | |
| IPO opens on | 14 July 2023 |
| IPO Closes on | 18 July 2023 |
| IPO Allotment on | 21 July 2023 |
| Unblocking of ASBA | 24 July 2023 |
| Credit of Shares | 25 July 2023 |
| Listing on | 26 July 2023 |
| Registered Office of the Company No. 653, 1st Floor, 2nd Main Road Domlur Layout, Bangalore – 560071 |
| Who are the Lead Managers of Service Care IPO? |
| Swastika Investmart Ltd |
| Who is the Registrar to IPO? |
| Integrated Registry Management Services Pvt ltd |
| IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | 108.12 | 1.36 | – | 31.37 |
| 2020-21 | 89.33 | 0.23 | – | 5.12 |
| 2021-22 | 115.02 | 1.74 | – | 27.59 |
| Book Value of the Share on | 31.03.2022 | Rs.? | ||
| BV of the Share at cap price | after the IPO | Rs.27.85 | ||
| Offer Price/upper band | Rs. 67 | |||
| Service Care Key Performance indicators |
|
| Upper Price/last EPS | – |
| Upper price/BV Ratio | – |
| Upper price/BV after IPO | 2.40 |
IPO Particulars & Guidance
Peer Comparison:
| As on date of DRHP | FV | Total Income | PE |
| Rs. | Rs. In Cr | Ratio of | |
| The IPO company | 10 | 114.95 | ? |
| ITCon E-solution | 10 | 18.05 | 12.26 |
| Integrated Personnel | 10 | 142.70 | 10.83 |
| Quess Corp | 10 | 9758.50 | 67.25 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
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