Established in 2011, “Service Care Limited” is a reputable company that provides comprehensive Workspace Administration Services and Workforce Administration Services, catering to businesses across diverse domains.
Their Workspace Administration Services focus on delivering professional facility management solutions, ensuring efficient management of office spaces and related support services. On the other hand, their Workforce Administration Services offer end-to-end HRMS & HROS services, specifically designed to tackle intricate HR challenges.
Despite being incorporated in 2011, the company boasts an overall experience and Market presence spanning more than 23 years, showcasing their extensive knowledge and expertise. Their track record has earned them credibility with customers and partners nationwide, affirming their commitment to excellence.
Service Care Limited has a considerable workforce comprising over 5,800 associates, which includes contractual employees. With such a capable team, they effectively serve clients from various sectors, including Engineering, Education, Manufacturing, Infrastructure, Government & Banking, Information Technology, healthcare, Staffing & Recruitment, Food, FMCG verticals, and more.
In conclusion, Service Care Limited stands as a well-established and trustworthy organization, offering a range of administration and HR-related services to businesses in different industries. Their extensive experience and diverse clientele validate their competence and reliability in the market.
IPO Details #
| IPO Date | Jul 14, 2023 to Jul 18, 2023 |
| Listing Date | Jul 26, 2023 |
| Face Value | ₹10 per share |
| Price | ₹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 ₹[.] 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 |
IPO Reservation #
| 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%) |
IPO Timetable (Tentative) #
Service Care IPO opens on Jul 14, 2023, and closes on Jul 18, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Friday, 14 July 2023 |
| Closing Date | Tuesday, 18 July 2023 |
| Basis of Allotment | Friday, 21 July 2023 |
| Initiation of Refunds | Monday, 24 July 2023 |
| Credit of Shares to Demat | Tuesday, 25 July 2023 |
| Listing Date | Wednesday, 26 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jul 18, 2023 |
IPO Lot Size #
The Service Care IPO lot size is 2000 shares.
| 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 | |||
IPO Promoter Holding #
Mrs. Shany Jalal, Mr. Anil Kumar M, and Mr. Amit Kumar Rakhecha are the Promoters of the Company.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials #
| 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 | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 21.2 |
| Market Cap (₹ Cr.) | 77.04 |
| ROE | 0.34 |
| ROCE | 0.37 |
| EPS (Rs) | 1744.81 |
| RoNW | 26.65 |
Objects of the Issue #
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Incremental Working Capital Requirements
- General Corporate Purpose
- To meet Public Issue Expenses
IPO Subscription Status (Bidding Detail) #
The Service Care IPO is subscribed 4.61 times on Jul 18, 2023 2:32:00 PM. The public issue subscribed 7.67 times in the retail category, 5.03 times in the QIB category, and 1.45 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 5.03 | 2,94,000 | 14,78,000 |
| NII** | 1.45 | 13,18,000 | 19,10,000 |
| Retail | 7.67 | 13,18,000 | 1,01,06,000 |
| Total | 4.61 | 29,30,000 | 1,34,94,000 |
Total Application : 5,053 (7.67 times)
**Market Maker portion is not included to NII/HNI.
Company Contact Information #
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/
IPO Registrar #
Integrated Registry Management Services Private Limited
Phone: + 91 44 2814 0801 to 803
Email: giri@integratedindia.in
Website: http://www.integratedindia.in/
IPO Lead Manager(s) #
Frequently Asked Questions #
When is the opening and closing date of the Service Care IPO? #
The Service Care IPO opened on Jul 14, 2023, and closed on Jul 18, 2023.
What is the IPO price and face value of Service Care shares? #
The IPO price of Service Care shares is ₹63 to ₹67 per equity share, and the face value is ₹10 per share.
What is the lot size of Service Care IPO? #
The lot size for Service Care IPO is 2000 shares.
What is the IPO size of Service Care? #
The Service Care IPO size is 3,086,000 Equity Shares, aggregating up to ₹20.68 Crores.
In which stock exchange will the Service Care shares be listed? #
The shares of Service Care will be listed on the NSE SME stock exchange.
When will the Service Care IPO allotment take place? #
The basis of allotment for the Service Care IPO will be finalized on Jul 21, 2023.
How can I check the Service Care IPO allotment status? #
The Service Care IPO allotment status will be available on Jul 21, 2023, on the IPO registrar’s website. Investors can check it by entering their PAN number, Application Number, or DP Client ID.
When will the refund process for Service Care IPO begin? #
The initiation of refunds for the Service Care IPO will start on Jul 24, 2023.
What is the expected listing date for Service Care shares? #
The Service Care IPO shares will be listed on Jul 26, 2023, on the NSE SME platform.
How can I apply for the Service Care IPO? #
Investors with a demat account can apply online through banks using ASBA or through a broker using UPI.
Please note that the above FAQs are based on the information provided, and you may want to cross-check any specific details or updates on the official IPO website or other reliable sources.
