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Service Care IPO is a book built issue of Rs 20.68 crores. The issue is entirely a fresh issue of 30.86 lakh shares.
Service Care IPO bidding started from July 14, 2023 and ended on July 18, 2023. The allotment for Service Care IPO was finalized on Friday, July 21, 2023. The shares got listed on NSE SME on July 26, 2023.
Service Care IPO price band is set at ₹63 to ₹67 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹134,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹268,000.
Swastika Investmart Ltd is the book running lead manager of the Service Care IPO, while Integrated Registry Management Services Private Limited is the registrar for the issue. The market maker for Service Care IPO is Rikhav Securities.
Refer to Service Care IPO RHP for detailed information.
| IPO Date | July 14, 2023 to July 18, 2023 |
| Listing Date | July 26, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹63 to ₹67 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,086,000 shares (aggregating up to ₹20.68 Cr) |
| Fresh Issue | 3,086,000 shares (aggregating up to ₹20.68 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,412,500 |
| Share holding post issue | 11,498,500 |
| Market Maker portion | 156,000 shares Rikhav Securities |
Service Care IPO offers 3,086,000 shares. 294,000 (9.53%) to QIB, 1,318,000 (42.71%) to NII, 1,318,000 (42.71%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 156,000 (5.06%) |
| QIB Shares Offered | 294,000 (9.53%) |
| NII (HNI) Shares Offered | 1,318,000 (42.71%) |
| Retail Shares Offered | 1,318,000 (42.71%) |
| Total Shares Offered | 3,086,000 (100%) |
Service Care IPO opens on July 14, 2023, and closes on July 18, 2023.
| IPO Open Date | Friday, July 14, 2023 |
| IPO Close Date | Tuesday, July 18, 2023 |
| Basis of Allotment | Friday, July 21, 2023 |
| Initiation of Refunds | Monday, July 24, 2023 |
| Credit of Shares to Demat | Tuesday, July 25, 2023 |
| Listing Date | Wednesday, July 26, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 18, 2023 |
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 | ₹134,000 |
| Retail (Max) | 1 | 2000 | ₹134,000 |
| HNI (Min) | 2 | 4,000 | ₹268,000 |
| Lot Size Calculator | |||
Mrs. Shany Jalal, Mr. Anil Kumar M, and Mr. Amit Kumar Rakhecha are the Promoters of the Company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
Incorporated in 2011, "Service Care Limited" is engaged in offering services such as Workspace Administration Services and Workforce Administration Services across all business domains.
The Workspace Administration Services delivers professional services towards facility management, whereas under the workforce management services segment, they offer end-to-end HRMS & HROS services, designed to solve complex HR challenges.
Service Care Limited has an overall experience and Market presence of over 23 years. The company has established its creditability with its customers and partners across the country.
They presently have a team of 5,800+ associates (including contractual employees). Service Care currently serve clients from various segments like Engineering, Education, Manufacturing, Infrastructure, Government & Banking, Information Technology, healthcare, Staffing & Recruitment, Food, FMCG verticals, and so on.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 1,920.92 | 10,812.34 | 136.28 | 434.38 | 433.38 | 306.01 |
| 31-Mar-21 | 2,019.92 | 8,933.38 | 23.46 | 457.84 | 456.84 | 314.56 |
| 31-Mar-22 | 2,430.89 | 11,501.64 | 174.48 | 632.32 | 631.32 | 341.47 |
| 31-Jan-23 | 3,181.30 | 13,217.29 | 302.34 | 1,134.66 | 1,133.41 | |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Service Care IPO is Rs 77.04 Cr.
| KPI | Values |
|---|---|
| ROE | 0.34 |
| ROCE | 0.37 |
| RoNW | 26.65 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1744.81 | |
| P/E (x) | 21.2 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players around. The sudden boost in its bottom line for 10M-FY23 raised eyebrows and concern over sustainability going forward. Based on such super earnings, the issue appears fully priced. Since transparency is missing in financial data, there is no harm in skipping this aggressively priced issue. Read detail review...
The Service Care IPO is subscribed 6.44 times on July 18, 2023 7:29:00 PM. The public issue subscribed 10.54 times in the retail category, 5.10 times in the QIB category, and 2.64 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 5.10 |
| NII | 2.64 |
| Retail | 10.54 |
| Total | 6.44 |
Total Application : 6,943 (10.54 times)
| Listing Date | July 26, 2023 |
| BSE Script Code | |
| NSE Symbol | SERVICE |
| ISIN | INE0P1Q01015 |
| Final Issue Price | ₹67 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹67.00 |
| ₹70.90 |
| ₹67.35 |
| ₹70.90 |
| ₹67.55 |
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/
Integrated Registry Management Services Private Limited
Phone: 044 - 28140801 to 28140803
Email: giri@integratedindia.in
Website: https://www.integratedregistry.in/registrarstosta.aspx?od=1
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Service Care IPO is a SME IPO of 3,086,000 equity shares of the face value of ₹10 aggregating up to ₹20.68 Crores. The issue is priced at ₹63 to ₹67 per share. The minimum order quantity is 2000 Shares.
The IPO opens on July 14, 2023, and closes on July 18, 2023.
Integrated Registry Management Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Service Care IPO using UPI as a payment gateway. Zerodha customers can apply in Service Care IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Service Care IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Service Care IPO opens on July 14, 2023 and closes on July 18, 2023.
Service Care IPO lot size is 2000 Shares, and the minimum amount required is ₹134,000.
You can apply in Service Care 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 Service Care IPO will be done on Friday, July 21, 2023, and the allotted shares will be credited to your demat account by Tuesday, July 25, 2023. Check the Service Care IPO allotment status.
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