Service Care Limited will be offering equity shares through a book built issue as part of their upcoming Initial Public Offering (IPO). The IPO is scheduled to take place from July 14 to July 18, 2023. The issue price for each share is set in the range of ₹63 to ₹67. Interested investors can place a minimum order quantity of 2000 shares.
With a face value of Rs. 10, the IPO will include the sale of 3,086,000 shares. This offering has the potential to generate up to ₹20.68 crore in funds for Service Care Limited. Let’s learn more about their initial public offering scheduled for July of 2023.
About Service Care Limited
Incorporated in 2011, “Service Care Limited” specializes in Workspace Administration Services and Workforce Administration Services catering to diverse industries. The Workspace Administration Services focus on professional facility management solutions, while the Workforce Administration Services provide comprehensive HRMS & HROS services, addressing complex HR challenges.
With over 23 years of experience and a strong market presence, Service Care Limited has built a reputation for reliability among its customers and partners nationwide. Their dedicated team of 5,800+ associates, including contractual employees, serves clients across various sectors, including Engineering, Education, Manufacturing, Infrastructure, Government & Banking, Information Technology, healthcare, Staffing & Recruitment, Food, FMCG, and more.
Service Care Limited IPO Issue Details
| Issue Type | Book Built IPO Issue |
| Issue Opens | 14th July 2023 |
| Issue Closes | 18th July 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 63 to Rs 67 Per Share |
| Issue Size | 3,086,000 Shares (Rs 20.68 crores) |
| Minimum Order Quantity | 2000 Shares |
| Listing | NSE, SME |
Purpose of the Issue
The Company’s proposed utilization of funds includes:
- To Meet Incremental Working Capital Requirements
- General corporate purpose.
- To meet issue expenses.
Service Care Limited — Company Contact Details
- Registered & Corporate Office: No. 653, 1st Floor, 2nd Main Road Domlur Layout, Bangalore – 560071
- Telephone: +91-80-25354728 / 2535472
- Website: http://www.servicecare.in/
Service Care Limited IPO – Lead Managers of the Issue
Swastika Investmart Ltd
- Office Address: 305, Madhuban Building, Cochin Street, S.B.S Road, Mumbai, Maharashtra- 400001
- Telephone: +91-22-22655565
- Email: merchantbanking@swastika.co.in
Service Care Limited IPO – Registrar of the Issue
Integrated Registry Management Services Private Limited
- Telephone: + 91 44 2814 0801 to 803
- Email: giri@integratedindia.in
- Website: http://www.integratedindia.in/
Service Care Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
