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Dynamic Services & Security IPO is a fixed price issue of Rs 24.13 crores.
Dynamic Services & Security IPO bidding started from September 30, 2021 and ended on October 5, 2021. The allotment for Dynamic Services & Security IPO was finalized on Friday, October 8, 2021. The shares got listed on NSE SME on October 13, 2021.
Dynamic Services & Security IPO price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000.
Finshore Management Services Limited is the book running lead manager of the Dynamic Services & Security IPO, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to Dynamic Services & Security IPO RHP for detailed information.
| IPO Date | September 30, 2021 to October 5, 2021 |
| Listing Date | October 13, 2021 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,732,000 shares (aggregating up to ₹24.13 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,786,192 |
| Share holding post issue | 13,518,192 |
| Market Maker portion | 238,000 shares |
Dynamic Services & Security IPO offers 4,732,000 shares. 2,246,000 (47.46%) to NII, 2,248,000 (47.51%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 238,000 (5.03%) |
| Other Shares Offered | 2,246,000 (47.46%) |
| Retail Shares Offered | 2,248,000 (47.51%) |
| Total Shares Offered | 4,732,000 (100%) |
Dynamic Services & Security IPO opens on September 30, 2021, and closes on October 5, 2021.
| IPO Open Date | Thursday, September 30, 2021 |
| IPO Close Date | Tuesday, October 5, 2021 |
| Basis of Allotment | Friday, October 8, 2021 |
| Initiation of Refunds | Monday, October 11, 2021 |
| Credit of Shares to Demat | Tuesday, October 12, 2021 |
| Listing Date | Wednesday, October 13, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 5, 2021 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| Lot Size Calculator | |||
Mr. Jugal Kishore Bhagat, Mrs. Rekha Bhagat, and Mrs. Rekha Devi Bhagat are the company promoters.
| Share Holding Pre Issue | 74.02% |
| Share Holding Post Issue | 48.11% |
Incorporated in 2016, Dynamic Services & Security Limited offers manpower solution services in the field of Mechanized cleaning, catering, housekeeping, security, logistics, contractual services, and other services
It provides Guarding/Custoridal services, integrated facility management, and digitalization services. The company offers a comprehensive range of customized services in both the public and private segments to meet customers' requirements.
Competitive strengths
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 710.57 | 816.21 | 480.91 | ||
| Total Revenue | 709.63 | 4.65 | 4.34 | ||
| Profit After Tax | 10.39 | 0.15 | 0.09 | ||
The net proceed from the IPO will be utilized towards the following purposes;
[Dilip Davda] The issue is aggressively priced above 66 P/E. Its top line has shown declining trends for the last three fiscals based on combined data. Though it claims that there are no listed peers, it is operating in a highly competitive and fragmented segment. There is no harm in ignoring this IPO Read detail review...
The Dynamic Services & Security IPO is subscribed 1.94 times on October 5, 2021 5:00:00 PM. The public issue subscribed 1.56 times in the retail category, times in the QIB category, and 2.33 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.33 |
| Retail | 1.56 |
| Total | 1.94 |
| Listing Date | October 13, 2021 |
| BSE Script Code | |
| NSE Symbol | DYNAMIC |
| ISIN | INE0DZ701010 |
| Final Issue Price | ₹51 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹51.00 |
| ₹53.00 |
| ₹50.35 |
| ₹55.65 |
| ₹53.55 |
Dynamic Services & Security Limited
375, Dakshindari Road,
Kolkata - 700048
Phone: 033 – 4008 7463
Email: cs@dynamicservicesandsecurity.com
Website: http://www.dynamicservicesandsecurity.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
SME Company Owners
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Dynamic Services & Security IPO is a SME IPO of 4,732,000 equity shares of the face value of ₹10 aggregating up to ₹24.13 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 30, 2021, and closes on October 5, 2021.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Dynamic Services & Security IPO using UPI as a payment gateway. Zerodha customers can apply in Dynamic Services & Security IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dynamic Services & Security IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dynamic Services & Security IPO opens on September 30, 2021 and closes on October 5, 2021.
Dynamic Services & Security IPO lot size is 2000 Shares, and the minimum amount required is ₹102,000.
You can apply in Dynamic Services & Security IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Dynamic Services & Security IPO will be done on Friday, October 8, 2021, and the allotted shares will be credited to your demat account by Tuesday, October 12, 2021. Check the Dynamic Services & Security IPO allotment status.
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