World Class Services IPO – Review, Allotment, Subscription, GMP Price & more

World Class Services IPO consists of up to 31,12,000 Equity shares of Rs. 10 each. World Class Services Limited is engaged in the business of providing human resource services to both public and private organizations mostly in organized sector in diverse roles and responsibilities since 2011, having its Corporate office situated at Indore, Madhya Pradesh.

Let’s have a detailed review of the company and analytics of the World Class Services IPO release date, IPO offer price, subscription, World Class Services IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


World Class Services IPO Review & Ratings

World Class Services IPO Ratings & Review
Criteria Ratings
Industry Sentiments  6.3/10
Industry Ranking  6.3/10
Company Background 6.1/10
Company Reputation 6.4/10
Competitive Edge 6.4/10
Financial Statements 6.5/10
Popularity Index 6.2/10
Promoters Reputation 6.3/10
Retail Appetite  6.2/10
Top Brokers Review 6.3/10
Overall Ratings  6.3/10
Star Ratings ★★★☆☆

Summary of World Class Services  IPO

World Class Services IPOWorld Class Services Limited is engaged in the business of providing human resource services to both public and private organizations mostly in organized sector in diverse roles and responsibilities since 2011, having its Corporate office situated at Indore, Madhya Pradesh. Portfolio can be broadly classified in 2 main categories, namely Integrated Facility Management Services and Manpower Outsourcing Services.

The Issue comprises of a Public Issue of 31,12,000 Equity shares of face value of Rs.10.00 each fully paid (the “Equity Shares”) for cash at a price which is not yet disclosed.The Company is considering a Pre-IPO placement of up to 3,60,000 Equity Shares and/or aggregating up to Rs.288.00 Lakhs with certain investors.

From FY 2014-15 to FY 2017-2018, as per the Restated Financial Statements:

From fiscal 2016 to 2017, company’s revenue from operations and EBITDA has increased at a growth rate of 55.27 % and 258%, respectively.

  • In the past five years revenues have increased from INR 10663.38 lakhs in F. Y. 2015-16 to INR 13991.35 lakhs in F.Y. 2016-17, INR and 21724.74 lakhs in F.Y. 2017-18 showing a CAGR of almost 42.7 % over the three years.
  • Also the Net Profit after tax for the above-mentioned periods are INR 32.53 lakhs, INR 99.96 lakhs and INR 563.12 lakhs respectively, showing that the profit after tax of the Company for the last three years has grown at a CAGR of almost 316.4%.
  • During the financial year 2017-18 the Other Income of the company increased to Rs. 30.1 Lakhs as against Rs.8.89 Lakhs for the financial year 2016-17, representing increase by 238.5% due to increase in interest income & insurance claim in FY 2017- 18.

The Promoter of this company is Mr. Devendra Arora. The lead manager to the issue is PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED and the Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED.


Subscribe to World Class Services IPO

Fill the Details Below
  1. Subscribe to IPOOpen Demat AccountBecome Sub Broker



World Class Services IPO Date

The opening and the closing date of IPO of World Class Services is not known yet.


World Class Services IPO Subscription

  Subscription
Day 1 X
Day 2  X
Day 3 X
Day 4  X
Day 5  X

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


World Class Services IPO Allotment Status

Click here to check the Allotment status.

The Issue is being made through the Fixed Price Process wherein up to 31,12,000 Equity Shares shall be reserved for Market Maker is not disclosed and is same for the net public issue. The Company is considering a Pre-IPO placement of up to 3,60,000 Equity Shares and/or aggregating up to Rs.288.00 Lakhs with certain investors. Equity shares will be allocated on a proportionate basis to Retail Individual Applicants, subject to valid applications being received from Retail Individual Applicants at the Issue Price. The balance of the Net Issue will be available for allocation on proportionate basis to Non Retail Applicants.


World Class Services IPO Price Band

The face value of each share is Rs 10, at a price per Equity Share which is yet to be disclosed.


World Class Services IPO Size or Equity Share Offering 

31,12,000 Equity Shares of Rs 10/- each with the Issue Price which is not yet known.


World Class Services Limited – Company Overview

World Class Services Limited (WCS) originally formed as a Private Limited Company in the name of ‘World Class Services Private Limited’ in Mumbai and got Certificate of Incorporation issued by Registrar of Companies, Maharashtra, Mumbai on September 26, 2011 bearing Corporate Identification Number U74999MH2011PTC222374 and it was converted into a Public Limited Company on May 28,2018.

World Class Services Limited (WCS), is in the business of providing human resource services to both public and private organizations mostly in organized sector in diverse roles and responsibilities since 2011, having its Corporate office situated at Indore, Madhya Pradesh. Its service portfolio can be broadly classified in 2 main categories, namely Integrated Facility Management Services and Manpower Outsourcing Services.

Integrated Facility Management Services include various corporate enabling activities such as Housekeeping, Office Support, Security and Manned Guarding, Horticulture, Electrical maintenance, Mailroom management and Guest House management.

Competitive Strengths of World Class Services Limited:

  • Wide range of services.
  • Strong operational capability.
  • Experienced promoter and management team.
  • Diverse client portfolio.
  • Track record of organic growth.

Business strategies of World Class Services Limited:

  • Expansion of its service portfolio.
  • Investment in technology.
  • Training and skill development activity.
  • Introduction of pet management services.
  • Hiring of experienced employees.

World Class Services Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 5982.62 3951.89 2993.58 2408.04 1395.28
Total Revenue 21724.74 13991.35 10663.38 6995.84 2308.18
Total Expense 20970.23 13889.77 10616.02 6966.43 2296.06
Profit After Tax 563.12 99.96 32.53 19.97 8.32

Earnings per Equity Share (in Lakhs)

31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Basic /Diluted 85.32 15.14 7.04 4.34 1.82

From the above statements, one could find that the World Class Services Limited may perform well.


World Class Services IPO – Promoters

The Promoter of this company is Mr. Devendra Arora.

List of Related Parties (Key Managerial Personnel)

  • Harish Maheshwari
  • Sumeet Bansal

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


World Class Services IPO Offer Details or Issue Details

 Particulars  No. Of Equity Shares
 Equity Shares Offered Issue of 31,12,000 Equity Shares of face value Rs.10 each at a price that is not yet disclosed.
 Of which:
 Reserved for Market Makers Upto [●] Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. [●]/- per Equity share aggregating to Rs. [●] Lakhs
 Net Issue to the Public Upto [●] Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. [●]/- per Equity share aggregating to Rs. [●] Lakhs
 Of which:
 Retail Investors Portion Upto [●] Equity Shares of face value of Rs. 10/- each fully paid of the Company at a cash price of Rs. [●]/- per Equity share aggregating Rs. [●] Lakhs will be available for allocation to Investors up to Rs. 2.00 Lakhs
 Non-Retail Investors Portion Upto [●] Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of [●]/- per Equity Share aggregating Rs. [●] lakhs will be available for allocation to investors above Rs. 2.00 Lakh
 Equity Shares outstanding prior to the Issue 72,60,000 Equity Shares of face value of Rs.10 each-
 Equity Shares outstanding after the Issue [●] Equity Shares of face value of Rs.10 each

World Class Services IPO Issue Object

These are the IPO Issue Objects of the company

  • Part finance the setting up of additional cotton yarn manufacturing facility
  • Issue Expenses

List of Upcoming IPOs in 2018

Pommys Garments IPO Indo US Biotech IPO Medibios Laboratories IPO Hariom Pipe IPO
R R Industrial IPO Sorich Foils IPO 20 Microns IPO Shree Vasu Logistics IPO

World Class Services IPO – Basis of the 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:

  • Wide range of services.
  • Strong operational capability.
  • Experienced promoter and management team.
  • Diverse client portfolio.
  • Track record of organic growth.

The relevant quantitative factors are:

Basic & Diluted EPS RONW (%)
31-Mar-16 0.46 17.71
31-Mar-17 1.38 35.24
31-Mar-18 7.76 66.5
  • NAV in Rs.:
Particulars Amount in Rs.
Net Assets Value per Equity Share as at March 31, 2018 11.66
  • Industry P/E Ratio:
Particulars P/E ratio
Average 41.49
Highest 59.53
Lowest 23.45
  • Competitive Peers:
Company CMP* EPS

(Basic in Rs.)

EPS

(Diluted in Rs.)

P/E ratio NAV per share in Rs. RoNW Face value per share in Rs.
World Class Services Limited 7.76 7.76 11.66 66.50 10.00
Quess Corp Limited 1094.2 18.38 18.19 59.53 162.32 10.98 10.00
Kapston Facilities Management Limited 95.2 4.06 4.06 23.45 16.60 23.92 10.00

List of Latest IPOs of 2018

Fine Organic IPO IndoStar Capital IPO Capricorn Food Products IPO Flemingo Travel Retail IPO
Nazara Technologies IPO Genius Consultants IPO Rail Vikas Nigam IPO Varroc Engineering IPO

World Class Services IPO Lead Managers

Lead Managers
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
406-408, Keshava Premises, Behind Family Court, Bandra Kurla
Complex, Bandra (East), Mumbai – 400051, Maharashtra, India
Tel: +91-22 61946756, Fax: +91-22 2659 8690
Email:
Website: www.pantomathgroup.com
Investor Grievance Id:
Contact Person: Hardik Bhuta
SEBI Registration No:INM000012110

World Class Services IPO Registrar to offer

Registrar to the Offer
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park, L.BS. Marg,
Vikhroli (West), Mumbai 400083, Maharashtra, India
Tel: +91 022 49186200, Fax: +91 022 49186195
Email:
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No: INR000004058
CIN: U67190MH1999PTC118368

Other Details:

  • Statutory Auditor -M/s. Jain Doshi and Co.
  • Peer Review Auditor -M/s. Dahiya & Co.
  • Bankers to the Company -HDFC Bank Limited

World Class Services IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
Angel Broking 6.5/10 6.6/10 6.6/10 6.4/10 6.4/10
Sharekhan 6.7/10 6.4/10 6.6/10 6.1/10 6.2/10
Kotak Securities 6.7/10 6.7/10 6.7/10 6.4/10 6.3/10
ICICI Direct 6.6/10 6.3/10 6.7/10 6.5/10 6.5/10
IIFL 6.4/10 6.7/10 6.8/10 6.4/10 6.7/10
Edelweiss 6.7/10 6.4/10 6.4/10 6.3/10 6.7/10
Zerodha 6.5/10 6.4/10 6.7/10 6.4/10 6.5/10
5Paisa 6.7/10 6.4/10 6.3/10 6.7/10 6.5/10
Karvy 6.8/10 6.3/10 6.7/10 6.4/10 6.0/10
Motilal Oswal 6.6/10 6.4/10 6.6/10 6.6/10 6.4/10

The ratings would be updated once the financials and the other details of the IPO are released.


World Class Services IPO Grey Market Premium

The World Class Services IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.


Subscribe to World Class Services IPO

Fill the Details Below
  1. Subscribe to IPOOpen Demat AccountBecome Sub Broker

World Class Services IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

Calculate your return on investment!



Asset Class ROI (Rs.) Profit (Rs.) Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund

Market Guide

What is IPO?
IPO Investment
IPO Valuation
Upcoming IPOs

Featured Topics

Featured Topics
Best Discount Broker in India
Best Full Service Broker in India
Best Stock Broker in India
Best Intraday Trading Brokers in India
Best Demat Account
Brokerage Calculator
Top 10 Sub Broker Partner in India
Sub Broker Franchise
Broking Franchisee
Get 100% IPO Allotment Guarantee! Subscribe to IPO
error: Content is protected !!