Dynamic Services & Security Limited offers manpower solution services in the field of Mechanized cleaning, catering, housekeeping, security, logistics, contractual services, and other services.
| Bidding Dates |
|---|
| 30 Sep 2021 - 05 Oct 2021 |
| Subscription |
|---|
| 1.94x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,02,000 | 1 | 1 | 2000 | 4.7 M | ₹51 | 65 % | ₹241.3 M | RHP DOC |
Dynamic Services IPO SUBSCRIPTION STATUS
05 Oct '21Dynamic Services IPO overall subscription rate was 1.94 times the total available shares
Dynamic Services IPO retail subscription rate was 1.56 times in the retail segment
Dynamic Services IPO non-institutional investor subscription rate was 2.33 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
05 Oct 2021 (Day 4) | 1.56x | 2.33x | - |
30 Sep 2021 (Day 1) | 0.03x | 1.47x | - |
01 Oct 2021 (Day 2) | 0.43x | 1.47x | - |
04 Oct 2021 (Day 3) | 0.81x | 1.79x | - |
Dynamic Services 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) |
| FY21 | 10.9 | 70.0 | 53.4 | 51.8 |
| FY20 | 0.2 | 4.7 | -100.6 | -102.5 |
| FY19 | 0.1 | 4.3 | -186.2 | -192.5 |
Dynamic Services IPO SUBSCRIPTION STATUS DETAILS
Dynamic Services had 4.7 M shares on offer
Dynamic Services IPO offer price was ₹51
Dynamic Services IPO minimum Investment was ₹102000
Dynamic Services IPO issue size was ₹ 241.3 M
Dynamic Services had a minimum lot size of 2000 Shares per application
Dynamic Services NUMBER OF SHARES ON OFFER
Dynamic Services IPO IMPORTANT DATES
| Issue Open Date | 30 Sep 2021 |
| Issue close Date | 05 Oct 2021 |
| Allotment Date | 08 Oct 2021 |
| Refund Date | 11 Oct 2021 |
| Demat Account Credit Date | 12 Oct 2021 |
| Listing Date | 13 Oct 2021 |
| Listing on Exchange(s) | NSE |
| Dynamic Services Allotment Status | Exchange |
Dynamic Services IPO subscription opened on 30 Sep 2021, and closed on 05 Oct 2021
IPO allotment for Dynamic Services was finalized on Friday, 08 Oct 2021
IPO listing for Dynamic Services was on NSE on Wednesday, 13 Oct 2021
Dynamic Services IPO LISTING GAINS
| Issue Price (adjusted) | 51.0 |
| Listing Open Price | 53.0 |
| Listing Close Price | 53.5 |
| Listing Gain% | 3.9% |
| Current Gain% | 165.8% |
Dynamic Services 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dynamic Services & Security Ltd. | 135.6 | 183.2 | 7 | 0.1 | 0.4 | 14.4 | 6.5 | 493.2 | 78.2 | 43.2 | 156.1 | 19.3 | 55.1 |
| 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 |
Dynamic Services INFORMATION ON IPO ISSUE
About Dynamic Services
Dynamic Services & Security Limited offers manpower solution services in the field of Mechanized cleaning, catering, housekeeping, security, logistics, contractual services, and other services.
Object of the Issue
1.Meet working capital requirements.
2.Meet issue expenditures.
3.General corprate purposes.
Dynamic Services - PROMOTERS
| Name |
|---|
| Jugal Kishore Bhagat |
| Rekha Bhagat |
| Rekha Devi Bhagat |
Dynamic Services Lead Manager
Finshore Management Services Limited
ramakrishna@finshoregroup.com
Dynamic Services Registrar to the issue
Cameo Corporate Services Limited
investor@cameoindia.com
Dynamic Services Strengths
Organizational stability along with management expertise
The proprietorship firms, which has been taken over by the issuer company have an established track record of over 13 years, indicating ability to overcome any challenges
Smooth flow of operations
The company has developed a wide clientele base and this was done with the valued based relationship approach.
Quality & ISO Certifications
Company's ISO certificates show good quality of services and good financial performance and strength.
Dynamic Services Risks
Ongoing enquiry proceedings by Goods and Service Tax department
There are ongoing enquiry proceedings by Goods and Service Tax department against the proprietary concern
Pending Income Tax proceedings
There are pending Income Tax proceedings in the name of the Promoters
IPO FAQs
The promoters of the company are Jugal Kishore Bhagat, Rekha Bhagat and Rekha Devi Bhagat.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 51.0 - 51.0.
The IPO application opens on Sep 30, 2021 and closes on Oct 05, 2021.
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. 102,000.0, the maximum value for this IPO is Rs 102,000.0.
This IPO will be allotted on Oct 08, 2021.
The refund will be credited to your account on Oct 11, 2021.
The allotted shares will be credited to your demat on Oct 12, 2021.
Dynamic Services & Security Ltd.’s shares listed on the stock exchanges on Oct 13, 2021.