Service Care Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Service Care Ltd

CMP

55.00

-1.00 (-1.79%)

₹67

Offer Price

₹ 20.68 Cr

Issue Size

₹ 1,34,000

Min Investment

2,000

Lot size

Time Line

  • 14
    Jul 2023
    Open
  • 18
    Jul 2023
    Close
  • 21
    Jul 2023
    Finalisation of Basis of Allotment
  • 24
    Jul 2023
    Initiation of Refunds
  • 25
    Jul 2023
    Transfer of Shares to Demat Account
  • 26
    Jul 2023
    Listing Date

Products & Services

  • The Company offers integrated services in the areas of Facility Management and Payroll Management.

Strengths

  • Enduring Values of the company & Management Team;

  • Integrity;

  • Customer Focus;

  • Innovation;

  • Teamwork;

Risks

  • A significant portion of the company Total Revenue are attributable from the company Top 10 Clients. Any deterioration of their financial condition or prospects may have an adverse impact on its business. Further, if the company fail to expand the size of its business with it existing clients or expand to new clients, or if the company lose its large clients, it business, revenue, profitability and growth will be adversely affected.

  • A significant portion of the company Total Revenue are attributable from Top 6 States in India.

  • The company Revenue from Manpower Services Contract Receipts contribute significantly to its revenue from operation. Any loss of business from such services may adversely affect its revenues and profitability.

  • The company operate in a highly competitive and fragmented industry with low barriers to entry and may be unable to compete successfully against existing or new competitors, particularly in the unorganized segment.

  • An inability to recruit, train and retain qualified and experienced personnel who meet the staffing requirements of its clients may adversely affect the company reputation, business prospects and future financial performance.

Company Promoters

Promoters Holding

Issue For IPO
26.84%
Pre Holding

100.00%

Post Holding

73.16%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 114.95 (28.80%) 159.00 (38.30%) 27.59 (-)
Gross Profit 114.95 (28.80%) 159.00 (38.30%) 27.59 (-)
Net Income 114.95 (28.80%) 159.00 (38.30%) 27.59 (-)
Assets 114.95 (28.80%) 159.00 (38.30%) 27.59 (-)
Liabilities 114.95 (28.80%) 159.00 (38.30%) 27.59 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Service Care Ltd 159.00 4.38 16.10 3.30 27.59 0.00 15.21 1.85 0.19
ITCONS E-Solutions Ltd 28.20 1.73 14.45 14.45 14.20 5.23 24.17 11.94 0.00
Integrated Personnel Services Ltd 197.54 4.53 66.44 66.44 13.97 7.71 44.96 6.81 0.83
Quess Corp Ltd 17,158.39 224.42 6,118.77 6,118.77 8.73 15.04 184.23 3.66 0.21

Book Running Managers

  • Swastika Investmart Ltd

Registrar & Transfer Agent

Integrated Registry Mgt Ser.Pv

#30 Ramana Residency,
4th Cross Sampige Rd,
Malleswaram - Bangalore - 560003
Phone : 91-80-23460815-818 Fax: 91-80-23460819

Company Contact Information

# 653 1st floor, 2nd main Rd,
Domlur Layout,
Bangalore - 560071
Phone : +91-80-25354728/25354729 Email : compliance@servicecare.in www.servicecare.in

Offer Related Information

Initial public issue of upto 30,86,000 equity shares of face value of Rs. 10/- each of service care limited ("SCL" or the "Company" or the "Issuer") for cash at a price of Rs. 67/- per equity share including a share premium of Rs. 57/- per equity share (the "Issue Price") aggregating to Rs. 20.68 crores ("The Issue"), of which 1,56,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 67/- per equity share including a share premium of Rs. 57/- per equity share... More

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