Service Care IPO Details
- Open Date 14-Jul-23
- Close Date 18-Jul-23
- Lot Size 2000
- IPO Size ₹ 20.68 Cr
- IPO Price Range ₹ 63 to ₹67
- Min Investment ₹ 126000
- Listing Exchange NSE SME
- Basis of Allotment 21-Jul-23
- Refunds 24-Jul-23
- Credit to Demat Account 25-Jul-23
- Listing Date 26-Jul-23
Service Care IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 14-Jul-23 | 1.00 | 0.58 | 0.60 | 0.63 |
| 17-Jul-23 | 2.03 | 0.80 | 2.60 | 1.73 |
| 18-Jul-23 | 5.10 | 2.64 | 10.54 | 6.44 |
Service Care IPO Synopsis
Service Care IPO is all set to open for subscribers from 14h July to 18th July 2023. Service Care is an SME offering integrated solutions related to facility and payroll management across a variety of business domains. The company is launching a fresh issue of 3,086,000 shares (worth ₹20.68 crores). The share allotment date is 21st July, and the IPO will be listed on 26th July on NSE SME. The price band of this SME IPO is ₹63 to ₹67 with a lot size of 2000 shares.
Swastika Investmart Limited is the book-running lead manager for this IPO, while Link Integrated Registry Management Services Private Limited is the registrar.
Objectives of Service Care IPO
The company plans to utilize the raised capital from the IPO to:
● Meet working capital requirements
● Usual corporate purposes
● Fund expenses related to the public issue
About Service Care
Founded in 2011, Service Care provides integrated business solutions for Workspace Administration Services (integrated facility management and business services) and Workforce Administration Services (staffing solutions, payroll management, and outsourced recruitment processes) across industries.
The company has a team of over 5800 associates, including contractual employees servicing clients in different business domains, including Engineering, IT, Manufacturing, Infrastructure, FMCG, Staffing & Recruitment, Healthcare, Education, Government & Banking, Food, etc.
Peer Comparison
● Quess Corp Limited
● ITCon E Solution Limited
● Integrated Personnel Limited
For More Information:
Webstory on Service Care IPO
Service Care IPO GMP
Service Care Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 13,208.05 | 11,495.16 | 8,926.23 |
| EBITDA | 12,814.85 | 11,268.64 | 8,887.28 |
| PAT | 302.34 | 174.48 | 23.46 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 3,181.30 | 2,430.89 | 2,019.92 |
| Share Capital | - | - | - |
| Total Borrowings | - | 341.47 | 314.56 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 22.38 | 9.41 | 287.18 |
| Net cash from / (used in) investing activities | 2.76 | -18.59 | 0.37 |
| Net cash flow from / (used in) financing activities | -156.50 | 17.08 | -6.30 |
| Net increase (decrease) in cash and cash equivalents | -131.37 | 7.90 | 280.51 |
Service Care IPO Key Points
-
Strenghts
1. Service Care provides facility and payroll services across all business verticals, which gives the company a dynamic edge.
2. The company has stability with over 23 years in the business.
3. It is a renowned player in the market with credibility among its clients and partners across the country.
-
Risks
1. Service Care operates in a highly competitive and fragmented industry with low barriers to entry.
2. The company’s revenue from operations derives significantly from Manpower Services Contract Receipts. Any change or loss of business from such services is likely to have an adverse impact on its profitability.
3. The company’s business is severely affected by the economic conditions.
4. Any change in labour laws can have an impact on the business.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
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Service Care IPO FAQs
What is the price band of Service Care IPO?
The price band of Service Care IPO is ₹63 to ₹67.
What is the minimum lot size and investment required for the Service Care IPO?
The minimum lot size of Service Care IPO is 2000, and the investment required is ₹1,26,000.
When does the Service Care IPO opens and closes?
The Service Care IPO opens on July 14, 2023, and closes on July 18, 2023.
What is the size of the Service Care IPO?
The Service Care IPO comprises a total issue of 3,086,000 shares (aggregating up to ₹20.68 Cr).
What is the allotment date of the Service Care IPO?
The allotment date of the Service Care IPO is 21st July 2023.
What is the Service Care IPO listing date?
The listing date of Service Care IPO is 26th July 2023.
Who are the book runners for Service Care IPO?
Swastika Investmart Limited is the book-running lead manager for Service Care IPO.
What is the objective of Service Care IPO?
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
1. Meet working capital requirements
2. Usual corporate purposes
3. Fund expenses related to the public issue
How to apply for the Service Care IPO?
To apply for the Service Care IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and price at which you wish to apply for Service Care IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Service Care IPO
Contact Information
Service Care Limited
No. 653, 1st Floor,
2nd Main Road Domlur Layout,
Bangalore – 560071
Phone: +91-80-25354728 / 2535472
Email: compliance@servicecare.in
Website: http://www.servicecare.in/
Service Care IPO Register
Integrated Registry Management Services Private Limited
Phone: + 91 44 2814 0801 to 803
Email: giri@integratedindia.in
Website: http://www.integratedindia.in/
Service Care IPO Lead Manager
Swastika Investmart Ltd