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Let’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

Service Care IPOTheir 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.


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:


    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.[●]
    Net Issue to the Public Up to 29,30,000 Equity Shares aggregating up to Rs.[●]
    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:

    1. To Meet Incremental Working Capital Requirements;
    2. General Corporate Purpose;
    3. 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
    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
    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
    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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