Service Care IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jul 18, 2023Let’s have a detailed review of the company and analytics of the Service Care IPO release date, IPO offer price, subscription, Service Care Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 63 to Rs 67 |
| Listing At | NSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | 26 July 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 2,068 Lakh |
| Tick Size | 1 |
Service Care IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Service Care Share Price |
Service Care IPO – Summary
Their Company was originally incorporated as Private Limited, under the Companies Act, 1956 (“Companies Act”) in the name and style of “M/s Service Care Private Limited” on 13th May 2011 vide Certificate of Incorporation issued by the Registrar of Companies, Bangalore, Karnataka.
Later on, the company was converted into a public limited company, the name of the Company was changed to “Service Care Limited” and a fresh Certificate of Incorporation dated April 18th, 2023 was issued by the Registrar of Companies, Bangalore, Karnataka.
The Promoter of this company is MRS. SHANY JALAL, MR. ANIL KUMAR M AND MR. AMIT KUMAR RAKHECHA. The lead manager of the issue is SWASTIKA INVESTMART LIMITED, and the Registrar of this issue is INTEGRATED REGISTRY MANAGEMENT SERVICES PRIVATE LIMITED.
Service Care IPO Date
The opening and closing dates of the Service Care IPO are 14 July 2023 and 14 July 2023 respectively.
Service Care IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 14th Jul | 0.00x | 0.04x | 0.10x | 0.06x |
| 2nd Day – 17th Jul | 2.03x | 0.80x | 2.60x | 1.73x |
| 3rd Day – 18th Jul | 5.10x | 2.64x | 10.54x | 6.44x |
| Shares Offered or Net Issue | 294,000 | 1,318,000 | 1,318,000 | 3,086,000 |
The shares subscribed by the public will be updated here.
Service Care IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Service Care Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | 21 July 2023 |
| Refunds Initiation | 24 July 2023 |
| Credit of Shares to Demat Account | 25 July 2023 |
| Share Listing Date | 26 July 2023 |
Service Care IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 63 to Rs 67
Service Care IPO Equity Size
This Initial Public Issue of 3,086,000 Equity Shares of Rs.10 each for cash at a price of Rs 63 to Rs 67 per equity share aggregating to Rs.2,068 Lakh.
Service Care IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,086,000 Equity Shares of Rs.10/ each.
Issue Size: 3,086,000 Equity Shares of Rs.10 each, aggregating to Rs.2,068 Lakh
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Service Care IPO – Live Performance
The listing date of this IPO is 26 July 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Service Care Share Price |
Service Care IPO Grey Market Premium
The Service Care Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Service Care IPO – Company Overview
Their Company was promoted initially by Mrs Shany Jalal and Mr Anil Kumar M both of them laid down the foundation of their company in the year 2011 as a Private Limited in the name of “M/s Service Care Private Limited” with a vision to establish itself as a globally integrated Service Company, later on, they converted Private Limited into Public Limited Company in the name and style of “Service Care Limited”.
The Company was incorporated with the objective to providing services as Workspace Administration Services & Workforce Administration Services across all the business domains.
With the overall experience and Market presence of more than 23 years of promoters, the company have established its creditability with its customers and partners across the country.
Primarily Workspace Administration services cover all the Integrated Facility Management and Business Services, on the other hand, Workforce Administration services cover all kinds of staffing solutions, outsourced recruitment processes and payroll management.
Service Care IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Jan-23 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 3,181.30 | 2,430.89 | 2,019.92 | 1,920.92 |
| *Total Revenue | 13,217.29 | 11,501.64 | 8,933.38 | 10,812.34 |
| Total Expense | 12,814.85 | 11,268.64 | 8,887.28 | 10,589.44 |
| Profit After Tax | 302.34 | 174.48 | 23.46 | 136.28 |
Earnings per Equity Share (in Lakh)
| 31-Jan-23 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 2,904.36 | 1,744.81 | 234.60 | 1,362.85 |
Further, their PAT for the period ended on Jan 31, 2023, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 302.34 Lakh, Rs. 174.48 Lakh, Rs. 23.46 Lakh and Rs. 136.28 Lakh respectively.
Service Care IPO – Promoters
The Promoter of this company is:
- MRS. SHANY JALAL,
- MR. ANIL KUMAR M
- MR. AMIT KUMAR RAKHECHA
List of Related Parties (Key Managerial Personnel)
- Shany Jalal, Chairman and Managing Director
- Anil Kumar M, Executive Director
- Amit Kumar Rakhecha, Executive Director and Chief Financial Officer
- Bharath Kumar Jain, Independent Director
- Ajay Kumar Bantia, Independent Director
- Pushpy B Muricken, Independent Director
Service Care IPO – Promoters Holding
- Pre-Issue Share Holding – 100%
- Post-Issue Share Holding – %
Service Care IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 30,86,000 Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,56,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 29,30,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 13,18,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 13,18,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 84,12,500 Equity Shares |
| Equity Shares outstanding after the Issue | 1,14,98,500 Equity Shares |
Service Care IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To Meet Incremental Working Capital Requirements;
- General Corporate Purpose;
- To meet Public Issue Expenses.
Service Care IPO – Business Strategy
- Enduring Values of the Company & Management Team
- Integrity
- Customer Focus
- Strong Statutory compliance policies
- Respect for Individuals
Service Care IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Enduring Values of the company & Management Team;
- Integrity;
- Customer Focus;
- Innovation;
- Teamwork;
- Respect for Individuals;
- Accountability;
- Strong Statutory compliance policies
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 1,744.81 | 27.59 | 6,323.20 |
| 31-Mar-21 | 234.60 | 5.12 | – |
| Mar-20 | 1,362.85 | 31.37 | – |
Service Care IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Revenue from operations (Rs. in Lakhs) |
|
| Service Care Limited | 10 | [●] | 1,744.81 | 27.59 | 11,495.16 |
| Listed Peers | |||||
| ITCon E Solution Limited | 10 | 12.26 | 4.16 | 53.31 | 1,805.26 |
| Integrated Personnel Services Limited | 10 | 10.83 | 5.45 | 19.54 | 14,269.60 |
| Quess Corp Limited | 10 | 67.25 | 9.8 | 5.20 | 9,75,849.80 |
Service Care IPO Lead Managers
| Lead Managers |
| SWASTIKA INVESTMART LIMITED SEBI Registration Number: INM000012102 Merchant Banking Division Address: Flat No18 Floor 2 North Wing Madhaveshwar Coop Hsg Society Ltd Madhav Nagar, 11/12 S V Road Andheri W Mumbai Mumbai City – 400058 (Maharashtra). Telephone Number: +91-22-26254568-69 Email Id: merchantbanking@swastika.co.in Investors Grievance Id: mb.investorgreivance@swastika.co.in Website: www.swastika.co.in Contact Person: Mr Mohit R. Goyal CIN: L65910MH1992PLC067052 |
Service Care IPO Registrar to offer
| Registrar to the Offer |
| INTEGRATED REGISTRY MANAGEMENT SERVICES PRIVATE LIMITED SEBI Registration Number: INR000000544; Address: No. 30 Ramana Residency, 4th Cross Sampige Road, Malleswaram, Bengaluru – 560003; Tel. Number: +91-80-23460815/816/817/818; Email Id: giri@integratedindia.in; Investors Grievance Id: giri@integratedindia.in; Website: www.integratedindia.in; Contact Person: Mr. S. Giridhar; CIN: U74900TN2015PTC101466 |
Service Care IPO – Other Details
- Statutory Auditor – M/s S Bhat & Associates and Chartered Accountants
- Legal Counsel to the Company – BSRP ASSOCIATES
- Bankers to the Company – INDUSIND BANK LIMITED
Service Care IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Service Care Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Service Care IPO Review FAQs
Check out various FAQs related to Service Care IPO:
What is the Issue Size of Service Care IPO?
The Company is making an initial public offer of 3,086,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Service Care IPO?
The price band for this particular IPO ranges between Rs 63 to Rs 67. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Service Care IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 14 July 2023, while the closing date is set at 18 July 2023.
What is the Service Care IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 21 July 2023, refund initiation is on 24 July 2023, credit of shares is on 25 July 2023, and share listing date is on 26 July 2023.
What is the Service Care IPO Listing Date?
Shares of this company shall be listed in the exchanges on 26 July 2023. The date, when the listing would be done, is stagnant on 26 July 2023.
Who is the Registrar of Service Care IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. INTEGRATED REGISTRY MANAGEMENT SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Service Care IPO?
Here are the promoters of this IPO – MRS. SHANY JALAL, MR. ANIL KUMAR M AND MR. AMIT KUMAR RAKHECHA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Service Care IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Service Care IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Service Care Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 174.48, 2021 is 23.46, and 2020 is 136.28. PAT from Jan 2023 is 302.34.
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