Service Care Ltd IPO Timeline

Service Care Ltd IPO opens on 14-Jul-2023, and closes on 18-Jul-2023. The Service Care Ltd IPO bid date is from 14-Jul-2023 to 18-Jul-2023. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Service Care Ltd IPO Opening Date 14-Jul-2023
Service Care Ltd IPO Closing Date 18-Jul-2023
Basis of Allotment 21-Jul-2023
Initiation of Refunds 24-Jul-2023
Credit of Shares to Demat 25-Jul-2023
Service Care Ltd IPO Listing Date 26-Jul-2023

Service Care Ltd IPO Lot Size

Service Care Ltd IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or 134000).

Application Lots Shares Amount
Minimum 1 2000 ₹134000
Maximum 1 2000 ₹134000

Service Care Ltd IPO Details

Service Care Ltd IPO Date 14-Jul-2023 to 18-Jul-2023
Service Care Ltd IPO Face Value Shares of ₹10 per share
Service Care Ltd IPO Price ₹63 to ₹67 per share
Service Care Ltd IPO Lot Size 2000
Issue Size Shares of ₹10 (aggregating up to ₹20.68 Cr)
Fresh Issue Shares of ₹10 (aggregating up to ₹19.44 Cr)
Offer for Sale -
Issue Type Book Building - SME
Listing At NSE - SME
QIB Shares Offered -
Retail Shares Offered -
NII (HNI) Shares Offered -
Company Promoters Shany Jalal, Anil Kumar M, Amit Kumar Rakhecha.

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • 1 To meet incremental working capital requirements
  • 2 General corporate purpoes

Company Financials

Service Care Ltd Financial Information (Restated)

Period Ended Total Assets Total Revenue Profit After Tax
03-2024 54.87 193.56 4.36
03-2023 30.59 159.14 4.55
03-2022 24.26 115.01 1.58
Amount in ₹ Crore
  • Enduring Values of the company & Management Team.
  • Integrity.
  • Customer Focus.
  • Innovation.
  • Teamwork.
  • Respect for Individuals.
  • Accountability.
  • Strong Statutory compliance policies.
  • 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.
  • The Statutory Auditor and the Peer Review Auditor of the company are not same.
  • Inability to effectively manage the company growth and related issues could materially and adversely affect its business and impact the company future financial performance.
  • The company business is subject to extensive government regulation, which may restrict the types of services its permitted to offer or result in additional tax or other costs that reduce its revenues and earnings.
  • Any failure to attract and retain qualified associate employees who meet the staffing requirements of the company clients may adversely affect the company business prospect, reputation and future financial performance.
  • The company business is significantly affected by fluctuations in general economic activity.
  • The company Offices are located on leased premises and there can be no assurance that these leases will be renewed upon termination or that it will be able to obtain other premises on lease on same or similar commercial terms.
  • The company will continue to be controlled by its Promoters after the completion of the Issue.
  • The company has to update the name of the company in some of the statutory approvals and certificates due to the conversion of the Company in to Public Limited Company.
  • The extent to which the coronavirus disease (COVID-19) affects the company business, results of operations and financial condition will depend on future developments, which are uncertain and cannot be predicted.
  • The company insurance coverage may not adequately protect it against certain operating risks and this may have an adverse effect on the results of its business.
  • The Company has entered into certain related party transactions and may continue to do so in the future.
  • Certain of the company client contracts can be terminated by the company clients without cause and with limited or penalty, which could negatively impact its revenue and profitability.
  • The company require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, and the failure to obtain, retain and renew such approvals and licenses in timely manner or comply with such rules and regulations or at all may adversely affect its operations.
  • The company inability to protect or use its intellectual property rights may adversely affect the company business.
  • If the company is unable to manage its growth effectively or if its estimates or assumptions used in developing the company strategic plan are inaccurate or its unable to execute its strategic plan effectively, The company business and prospects may be materially and adversely affected.
  • The company Promoters, Directors and Key Managerial Personnel or senior management may have interest in the Company, other than reimbursement of expenses incurred or remuneration.
  • The company ability to pay dividends in the future will depend upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
  • In addition to normal remuneration, other benefits and reimbursement of expenses to its Promoters and Directors; they are interested to the extent of their shareholding and dividend entitlement thereon in the Company and for the transactions entered into between the Company and themselves as well as between the Company and its Group Companies / Entities.
  • Due to the nature of the staffing services business, its may be exposed to employment-related claims and losses that could have a material adverse effect on its business and reputation.
  • The company management has discretion in how it may use the proceeds of the Offer. Any variation in the utilisation of its Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
  • The company Object has not been appraised by any Bank or Financial Institution. Any significant deviation in the Object could adversely impact its operations and sustainability in absence of any independent monitoring agency.
  • There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by its Audit Committee.
  • The average cost of acquisition of Equity shares by the company Promoters is lower than the Issue price. Its promoters average cost of acquisition of Equity shares in the Company is lower than the Issue Price of Equity shares.
  • The company require high working capital for its smooth day to day operations of business and any discontinuance or the company inability to acquire adequate working capital timely and on favorable terms at a future date, may have an adverse effect on its operations, profitability and growth prospects.
  • The company success largely depends on its Board and Key Managerial Personnel or senior management and the company ability to attract and retain them. Any loss of the company director and key managerial personnel could adversely affect its business, operations and financial condition.
  • The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the issue. Further the company has not identified any alternate source of financing the "Objects of the Issue". Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.
  • The company could be harmed by employee misconduct, errors or fraud that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
  • Managing employee benefit pressures in India may prevent it from sustaining the company competitive advantage which could adversely affect its business prospects and future financial performance.
  • Industry information included in this Draft Red Herring Prospectus has been derived from industry reports or publically available information. There can be no assurance that such third party statistical, financial and other industry information is either complete or accurate.
  • Certain information contained in this Draft Red Herring Prospectus is based on management estimates and the company cannot assure you of the completeness or accuracy of the data.
    -

Service Care Ltd IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 73.16%

Service Care Ltd IPO Subscription Status (Bidding Detail)

The Service Care Ltd IPO is subscribed 6.1646 times on Jul 18, 2023 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)

Category QIB NII Retail Employee Total
Subscription (times) - - - - 6.1646

Service Care Ltd IPO Prospectus

Service Care Ltd IPO Listing Date

Listing Date 26 Jul 23
BSE Script 79232
NSE Symbol SERVICE
Listing In NSE - SME
ISIN INE0P1Q01015
IPO Price ₹67
Face Value ₹10

Service Care Ltd IPO Registrar

Integrated Registry Mgt Ser.Pv

Phone: +91-80-23460815/816/817/818
Email: giri@integratedindia.in
Website: www.integratedindia.in

Service Care Ltd IPO Lead Manager(s)

  1. Swastika Investmart Ltd

FAQs on Service Care Ltd IPO

Service Care Ltd IPO, which opens for subscription from 14-Jul-2023 to 18-Jul-2023 has an issue size of ₹20.68 crore. The issue type is book building issue.

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for Service Care Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

Service Care Ltd IPO Opens for subscription from 14-Jul-2023 to 18-Jul-2023.

The lot size of Service Care Ltd is 2000 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹134000 and ₹134000 respectively.

Allotment date for Service Care Ltd is 21-Jul-2023 and refund of application amount (in case allotment is not received) will begin from 24-Jul-2023. If your allotment goes through, then shares will be credited in your Demat account by 25-Jul-2023.

The registrar for Service Care Ltd IPO is Integrated Registry Mgt Ser.Pv. You can check your IPO allotment status on the registrar's website.

The shares of Service Care Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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