Service Care IPO Details ( Service Care Limited IPO Review )
(14 Jul 2023 – 18 Jul 2023)
Established in 2011, Service Care Limited provides Workspace Administration Services and Workforce Administration Services to businesses in diverse industries.
The Workspace Administration Services focus on professional facility management, while the workforce management services encompass comprehensive HRMS & HROS solutions tailored to address complex HR challenges.
With over 23 years of collective experience and a strong market presence, Service Care Limited has earned a reputation for reliability among its customers and partners nationwide.
The company currently boasts a team of 5,800+ associates, including both permanent and contractual employees. Service Care serves clients across a wide range of sectors, including Engineering, Education, Manufacturing, Infrastructure, Government & Banking, Information Technology, healthcare, Staffing & Recruitment, Food, and FMCG.
Service Care Limited IPO Competitive Strength
- Enduring Values of the company & Management Team
- Integrity
- Customer Focus
- Innovation
- Teamwork
- Respect for Individuals
- Accountability
- Strong Statutory compliance policies
Service Care IPO Financials Performance ( Results )
Service Care Limited Financial Information ( Restated Standalone )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-20 | 1,920.92 | 10,812.34 | 136.28 | 434.38 | 433.38 | 306.01 |
| 31-Mar-21 | 2,019.92 | 8,933.38 | 23.46 | 457.84 | 456.84 | 314.56 |
| 31-Mar-22 | 2,430.89 | 11,501.64 | 174.48 | 632.32 | 631.32 | 341.47 |
| 31-Mar-23 | 3,181.30 | 13,217.29 | 302.34 | 1,134.66 | 1,133.41 | – |
Objective of IPO Issue
- To Meet Incremental Working Capital Requirements
- General Corporate Purpose
- To meet Public Issue Expenses
Service Care IPO Basic Details
| IPO Date | Jul 14, 2023 to Jul 18, 2023 |
| Listing Date | Wednesday, July 26, 2023 |
| Face Value | ₹10 per share |
| Price | ₹63 to ₹67 per share |
| Lot Size | 2000 Shares |
| Issue Size | 3,086,000 shares (aggregating up to ₹20.68 Cr) |
| Fresh Issue | 3,086,000 shares (aggregating up to ₹20.68 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,412,500 |
| Share holding post issue | 11,498,500 |
| Company Promoters | Mrs. Shany Jalal, Mr. Anil Kumar M, and Mr. Amit Kumar Rakhecha |
Service Care IPO Reservation
| Market Maker Shares Offered | 5.06% of the Net Issue |
| QIB Shares Offered | 9.53% of the Net Issue |
| NII (HNI) Shares Offered | 42.71% of the Net Issue |
| Retail Shares Offered | 42.71% of the Net Issue |
| Total Shares Offered | 100% of the Net Issue |
Service Care IPO Timetable
Service Care IPO will open on July 14, 2023 and close on July 18, 2023. You can join Service Care IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 14 July 2023 (Friday) |
| Closing Date | 18 July 2023 (Tuesday) |
| Basis of Allotment | 21 July 2023 (Friday) |
| Initiation of Refunds | 24 July 2023 (Monday) |
| Credit of Shares to Demat | 25 July 2023 (Tuesday) |
| Listing Date | 26 July 2023 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 18 July 2023 |
Service Care IPO Lot Size
For retail investors in Service Care IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹134,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹134,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹134,000 |
| Retail (Max) | 1 | 2000 | ₹134,000 |
| S-HNI (Min) | 2 | 4000 | ₹268,000 |
Service Care IPO Promoter Holding
The company’s promoters include Mrs. Shany Jalal, Mr. Anil Kumar M, and Mr. Amit Kumar Rakhecha.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Service Care Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | Coming Soon |
| Earning Per Share (EPS) | ₹1,744.81 per Equity Share |
| Net Asset Value (NAV) | ₹6,323.20 per Equity Share |
| P/E Ratio (P/E) (x) | 21.20 |
| Return on Net Worth (RoNW) (%) | 27.59 |
| Return on equity (ROE) | 0.34 |
| Return on Capital Employed (ROCE) | 0.37 |
| Debt/Equity Ratio | 0 |
| Upper Price/Book Value (Price/BV) Ratio | Coming Soon |
Service Care Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Service Care Limited | Standalone | 67.00 | 10 | 1,744.81 | 21.20 | 27.59 | 6,323.20 |
| Peer Group | |||||||
| ITCon E Solution Limited | Standalone | 51.00 | 10 | 4.16 | 12.26 | 53.31 | 1,966.03 |
| Integrated Personnel Limited | Standalone | 59.00 | 10 | 5.45 | 10.83 | 19.54 | 27.28 |
| Quess Corp Limited | Standalone | 659.05 | 10 | 9.8 | 67.25 | 5.20 | 149.26 |
Service Care IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 19 July 2023 | ₹7 | – | – |
| 18 July 2023 | ₹11 | – | – |
| 17 July 2023 | ₹11 | – | – |
| 16 July 2023 | ₹10 | – | – |
| 15 July 2023 | ₹9 | – | – |
| 14 July 2023 | ₹8 | – | – |
Service Care IPO Detail Video:
Service Care IPO Subscription Status (Bidding Detail)
The Service Care IPO on July 18, 2023 at 7:29:00 PM was subscribed 6.44 times, with the retail category being subscribed 10.54 times, the NII (Non-Institutional Investor) category being subscribed 2.64 times and the QIB (Qualified-Institutional Buyers) category being subscribed 5.10 times.
| Category | Subscription |
| QIB | 5.10x |
| NII | 2.64x |
| Retail | 10.54x |
| Total | 6.44x |
Service Care IPO Prospectus
| Service Care IPO DRHP | Download |
| Service Care IPO RHP | Download |
| Service Care IPO Anchor Investors Details PDF | Download |
Service Care IPO Rating
| Our Rating | 2.0/5.0 |
Service Care Company Contact Information
Service Care Limited
Registered office: No. 653, 1st Floor, 2nd Main Road Domlur Layout, Bangalore, Karnataka – 560071
Website: www.servicecare.in
E-Mail: compliance@servicecare.in
Telephone No: +91-80-25354728 / 25354729
Company Secretary and Compliance Officer: Mrs. Sharvari Sham Kulkarni
Promoters Of The Company: Mrs. Shany Jalal, Mr. Anil Kumar M And Mr. Amit Kumar Rakhecha
Service Care IPO Registrar
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 Lead Manager
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: investorgreivance@swastika.co.in
Website: www.swastika.co.in
Contact Person: Mr. Mohit R. Goyal
CIN: L65910MH1992PLC067052
Service Care IPO FAQs
What is the lot size of Service Care IPO?
The total size of Service Care IPO is ₹20.68 crores and this is a complete fresh Issue.
When will Service Care IPO start?
Service Care IPO will open from 14 July 2023 and IPO will close on 18 July 2023.
What is the open date of Service Care IPO?
Service Care IPO will open date from 14 July 2023.
What is the last date ( close date ) of Service Care IPO?
Service Care IPO will close from 18 July 2023.
What is the price band of Service Care IPO?
Service Care IPO price band is ₹63 to ₹67. ( Upper Price Band: ₹67, Lower Price Band: ₹63 )
What is the minimum amount required to apply for Service Care IPO?
The minimum investment for retailers to apply for Service Care IPO is ₹134,000 and the maximum investment is ₹134,000.
What is going on gray market premium of Service Care IPO?
View gray market premium of Service Care IPO by Clicking Here
How much is the GMP of Service Care IPO?
Watch Service Care IPO GMP Today: Click Here
What is the allotment date of Service Care IPO?
The allotment date of Service Care IPO is 21 July 2023.
How to check allotment status in Service Care IPO?
To check the allotment status of Service Care IPO, first of all go to the registrar website by clicking here, select your bad Service Care IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Service Care IPO?
The listing date of Service Care IPO is 26 July 2023.
How much will be the listing gain in Service Care IPO?
View listing gain of Service Care IPO by Clicking Here
How much time Service Care IPO is subscribed?
Total 6.44 times subscribed in Service Care IPO out of which 10.54 times subscription was done in retail quota, 2.64 times subscription in NII quota and 5.10 times subscription in QIB quota.
How to apply for Service Care IPO from Upstox?
Click Here to see how to apply for Service Care IPO from Upstox. (step by step)
How to apply for Service Care IPO from Zerodha?
Click Here to see how to apply for Service Care IPO from Zerodha. (step by step)
How to apply for Service Care IPO from Angle One?
Click Here to see how to apply for Service Care IPO from Angle One. (step by step)
