Security and Intelligence Services Ltd to issue IPO on July 31
DSIJ Intelligence / 24 Jul 2017
Security and Intelligence Services (India) Ltd, India’s second largest security services provider is going to hit the capital markets through the way of Initial Public Offerings (IPO).
Security and Intelligence Services (India) Ltd, India’s second largest security services provider is going to hit the capital markets through the way of Initial Public Offerings (IPO).
The company provides private security and facility management services in India and Australia. They offer cash logistics; security services, including manned guarding, and electronic security; and facility management services, such as pest and termite control services and mechanised cleaning.
Repayment and pre-payment of a portion of outstanding debt availed by the company are the primary objectives of this IPO. It is also raising capital to fund its working capital requirements and general corporate purposes.
A fresh issue of equity shares aggregating up to Rs 362.25 crore and offer for sale of 5,120,619 shares, are included in the company’s IPO. The IPO issue is going to open on July 31 and will close on August 2, 2017. The issue will follow a book-building process wherein price band is set at Rs 810 to Rs 815 per share. The minimum order quantity of the IPO is one market lot which contains 18 shares.
The company will be listed on the mainstream exchanges BSE and NSE. The face value of the equity shares will be Rs 10 per share.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.