Service Care was incorporated on May 13, 2011, with the objective of providing workspace administration services and workforce administration services across all business domains. The company's workspace administration services encompass integrated facility management and business services, while its workforce administration services include staffing solutions, outsourced recruitment processes, and payroll management.
| Bidding Dates |
|---|
| 14 Jul 2023 - 18 Jul 2023 |
| Subscription |
|---|
| 6.16x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,34,000 | 1 | 1 | 2000 | 3.1 M | ₹63 - ₹67 | 73.16 % | ₹194.4 M - ₹206.8 M | RHP DOC |
Service Care IPO SUBSCRIPTION STATUS
18 Jul '23Service Care IPO overall subscription rate was 6.16 times the total available shares
Service Care IPO retail subscription rate was 12.86 times in the retail segment
Service Care IPO non-institutional investor subscription rate was 7.86 times in the non-institutional investor category
Service Care IPO Qualified Institutional Bidder subscription rate was 0.97 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
18 Jul 2023 (Day 3) | 12.86x | 7.86x | 0.97x |
17 Jul 2023 (Day 2) | 3.1x | 2.59x | 0.39x |
14 Jul 2023 (Day 1) | 0.69x | 1.98x | 0.19x |
Service Care FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 11MFY23 | 30.2 | 1,320.8 | 2.2 | 2.4 | 3.2% |
| FY22 | 17.4 | 1,149.5 | 0.9 | -1.1 | 2.2% |
| FY21 | 2.3 | 892.6 | 28.7 | 28.6 | 0.8% |
| FY20 | 13.6 | 1,080.7 | 3.5 | 3.9 | 2.5% |
Service Care IPO SUBSCRIPTION STATUS DETAILS
Service Care had 3.1 M shares on offer
Service Care IPO offer price was in the range ₹63 - ₹67
Service Care IPO minimum Investment was ₹134000
Service Care IPO issue size was ₹ 194.4 M - ₹ 206.8 M
Service Care had a minimum lot size of 2000 Shares per application
Service Care NUMBER OF SHARES ON OFFER
Service Care IPO IMPORTANT DATES
| Issue Open Date | 14 Jul 2023 |
| Issue close Date | 18 Jul 2023 |
| Allotment Date | 21 Jul 2023 |
| Refund Date | 24 Jul 2023 |
| Demat Account Credit Date | 25 Jul 2023 |
| Listing Date | 26 Jul 2023 |
| Listing on Exchange(s) | NSE |
| Service Care Allotment Status | Exchange |
Service Care IPO subscription opened on 14 Jul 2023, and closed on 18 Jul 2023
IPO allotment for Service Care was finalized on Friday, 21 Jul 2023
IPO listing for Service Care was on NSE on Wednesday, 26 Jul 2023
Service Care IPO LISTING GAINS
| Issue Price (adjusted) | 67.0 |
| Listing Open Price | 70.9 |
| Listing Close Price | 67.5 |
| Listing Gain% | 5.8% |
| Current Gain% | -9.0% |
Service Care Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Service Care Ltd. | 61 | 70.1 | 14 | 0.1 | 0.4 | 9.6 | 6.8 | 195.8 | 3.8 | 5 | 149.1 | 4.4 | 149.1 |
| Sagility Ltd. | 43.7 | 20443.4 | 20.6 | 0.4 | 2.7 | 9.6 | 7.3 | 7290.8 | 29.6 | 924.8 | 71.5 | 2.1 | 49.2 |
| International Gemological Institute Ltd. | 355.8 | 15376.2 | 25.2 | 1 | 11.3 | 47.8 | 38.3 | 1661.9 | 52.7 | 711.2 | 66.4 | 14.1 | 24.3 |
| Indiabulls Ltd. | 29.4 | 6855.8 | 16.4 | 0 | 6.2 | 8.9 | 6.6 | 880.8 | 172602 | 273.9 | 501.6 | 1.8 | 739.2 |
| SIS Ltd. | 435 | 6146.2 | 41.9 | 0.2 | 0.4 | 5.4 | 1.8 | 16030.1 | 20.9 | 137.8 | 1069.1 | 10.4 | 261.6 |
| eMudhra Ltd. | 538.8 | 4462.3 | 38.8 | 1.5 | 6 | 11.8 | 8.9 | 713.2 | 35.1 | 107.8 | 27.4 | 13.9 | 25.5 |
Service Care INFORMATION ON IPO ISSUE
About Service Care
Service Care was incorporated on May 13, 2011, with the objective of providing workspace administration services and workforce administration services across all business domains. The company's workspace administration services encompass integrated facility management and business services, while its workforce administration services include staffing solutions, outsourced recruitment processes, and payroll management.
Object of the Issue
- To meet incremental working capital requirements
- General corporate purpose
- To meet public issue expenses
Service Care - PROMOTERS
| Name |
|---|
| Shany Jalal |
| Anil Kumar M |
| Amit Kumar Rakhecha |
Service Care Book Running Lead Manager
Swastika Investmart Limited
merchantbanking@swastika.co.in
Service Care Registrar to the issue
Integrated Registry Management Services Private Limited
giri@integratedindia.in
Service Care Strengths
Customer focus
The company places a high value on understanding and meeting the needs of its customers, resulting in a customer retention ratio of more than 90% on average
Dedicated in-house teams
The company has a dedicated in-house team for the respective department for better accountability
Service Care Risks
Dependent on few customers
A significant portion of the company's total revenue is derived from its top 10 clients. Therefore, any deterioration in their financial condition or prospects may adversely affect the business
Competitive industry
The company operates in a highly competitive and fragmented industry with low barriers to entry and may be unable to compete successfully against existing or new competitors
IPO FAQs
The promoters of the company are Shany Jalal, Anil Kumar M and Amit Kumar Rakhecha.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 63.0 - 67.0.
The IPO application opens on Jul 14, 2023 and closes on Jul 18, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 134,000.0, the maximum value for this IPO is Rs 134,000.0.
This IPO will be allotted on Jul 21, 2023.
The refund will be credited to your account on Jul 24, 2023.
The allotted shares will be credited to your demat on Jul 25, 2023.
Service Care Ltd.’s shares listed on the stock exchanges on Jul 26, 2023.