SIS IPO
SIS IPO — date, price band, lot size & details 2017
SIS listed on 10 Aug 2017 at ₹879.8, 8% above the ₹815 issue price.
Security and Intelligence Services (India) (SIS) provides private security, cash logistics and facility management services in India and Australia. Its total income was Rs 1,619.91 crore in FY2017.
Stock price
SIS is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 31 Jul 2017
- Close 02 Aug 2017
- Allotment 07 Aug 2017
- Refund/credit 08 Aug 2017
- Listing 10 Aug 2017
Issue summary
The terms of the offer, as filed.
| IPO Dates | 31 Jul to 2 Aug, 2017 |
|---|---|
| Price Band | ₹805 – ₹815 |
| Face Value | ₹10 |
| Lot Size | 18 Shares |
| Issue Size | ₹779.58 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,670 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 18 shares at the ₹815 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 18 | ₹14,670 |
| Retail (max) | 13 | 234 | ₹1,90,710 |
| S-HNI (min) | 14 | 252 | ₹2,05,380 |
| S-HNI (max) | 68 | 1,224 | ₹9,97,560 |
| B-HNI (min) | 69 | 1,242 | ₹10,12,230 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 1,056.29 crore in FY2015 to Rs 1,619.91 crore in FY2017.
- 02EBITDA rose from Rs 160.22 crore in FY2015 to Rs 223.38 crore in FY2017.
- 03It operates in both India and Australia, across security and facility management, with total assets of Rs 902.99 crore.
- 04Rs 200.00 crore of the issue was for repaying debt.
Risks · 5
- 01Profit after tax fell from Rs 33.57 crore in FY2016 to Rs 26.55 crore in FY2017.
- 02Total borrowing rose from Rs 144.07 crore in FY2015 to Rs 454.09 crore in FY2017.
- 03Security services are labour intensive with thin margins; profit was Rs 26.55 crore on income of Rs 1,619.91 crore.
- 04Rs 417.33 crore of the Rs 779.58 crore issue went to selling shareholders.
- 05Promoter holding fell from 82.3% before the issue to 75.51% after it.
Three years of numbers
All figures in ₹ crore, as reported in the SIS offer document.
| Metric | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|
| Assets | 902.99 | 502.45 | 428.51 |
| Total Income | 1,619.91 | 1,287.32 | 1,056.29 |
| Profit After Tax | 26.55 | 33.57 | 24.64 |
| EBITDA | 223.38 | 170.98 | 160.22 |
| NET Worth | 171.34 | 127.97 | 121.78 |
| Reserves and Surplus | 102.63 | 121.77 | 115.61 |
| Total Borrowing | 454.09 | 182.97 | 144.07 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹338.86 Cr of the issue is earmarked to named objects.
SIS IPO Anchor Investors
30 anchor investors across 13 fund houses committed ₹350.80 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Its security services include manned guarding, cash logistics and electronic security.
Its facility management services include mechanised cleaning and pest and termite control.
The IPO was Rs 779.58 crore, with Rs 362.25 crore of fresh issue and Rs 417.33 crore of offer for sale, at Rs 815, the top of the Rs 805 to Rs 815 band. The fresh money was for repaying debt and working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
SIS IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
141 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
Axis Capital
255 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
IDBI Capital Markets & Securities Ltd.
42 issues handledBest listing: Route Mobile (+104.9%). Weakest: Bharat Dynamics (-13.6%).
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
IIFL Capital Services Limited
146 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).
YES Securities (India) Ltd
17 issues handledBest listing: IRCTC (+95.6%). Weakest: Bharat Dynamics (-13.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of SIS?
The current Grey Market Premium is ₹0.
What is the SIS IPO price band?
₹805 to ₹815, on a face value of ₹10.
When is the allotment?
The basis of allotment is 7 August 2017, with listing on 10 August 2017.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
