SIS India IPO

 

SIS India IPO

SIS India IPO

Security and Intelligence Services India (SIS India) is a leading provider of private security and facility management services in India. Its portfolio of services includes Private Security Services and Facility Management Services. Within the Private Security Services vertical, it offers Security Services, Cash Logistics Services, Electronic Security Services and Home Alarm Monitoring and Response Services.

SIS India has entered into strategic relationships in India with several multinational companies. For cash logistics and alarm monitoring and response businesses, it has entered into joint ventures with affiliates of Prosegur Compañía de Seguridad, S.A., a global player in cash management and alarm monitoring. It has also entered into a joint venture with an affiliate of Terminix International Company, L.P., a multinational provider of termite and pest control services. In addition, it has licensed the ‘ServiceMaster Clean’ brand, and associated proprietary processes, operating materials and knowhow for facility management business in India from The ServiceMaster Company, LLC group, a commercial and residential cleaning service provider.

As of April 30, 2017, it has a widespread branch network consisting of 251 branches in 124 cities and towns in India, which covers 630 districts. It employed 148,678 personnel in India and rendered security and facility management services at 11,869 customer premises across India. In Australia, the company operates in each of the eight states and employed 5,754 personnel servicing 245 customers, as of April 30, 2017. Its widespread branch network enables it to service a large number of customer premises and render customized services across India and Australia.

Promoters of SIS India – Ravindra Kishore Sinha and Rituraj Kishore Sinha

SIS India IPO details
Subscription Dates 31 July – 2 August 2017
Price Band INR805 – 815 per share
Fresh issue INR362.25 crore
Offer For Sale 5,120,619 shares (INR412.21 -417.33 crore)
Total IPO size INR774.46 – 779.58 crore
Minimum bid (lot size) 18 shares
Face Value  INR10 per share
Retail Allocation 10%
Listing On NSE, BSE
SIS India’s financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 2,657.7 3,107.7 3,565.2 3,850.1 4,577.1
Total expenses 2,575.9 3,006.0 3,484.5 3,757.5 4,465.9
Profit after tax 57.2 68.7 62.7 75.7 91.3

Security and Intelligence Services India Limited
A-28, 29, Okhla Industrial Area Phase – I,
New Delhi-110 020

Phone: +91 11 4646 4444
Email: [email protected]
Website: www.sisindia.com

Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup (W), Mumbai – 400 078
Maharashtra, India

Phone: +91 22 2596 3838
Fax: +91 22 2594 6969
Email: [email protected]
Website: http://www.linkintime.co.in

Earnings Per Share (EPS): INR13.03

Price/Earnings (P/E) ratio: 61.8 – 62.5

Return on Net Worth (RONW): 16.81%

Net Asset Value (NAV): INR79.05 per share

SIS India IPO Subscription Details

Category Shares offered Subscription (no. of times, at 5 PM)
Day 1 Day 2 Day 3
QIB  2,911,034  0.00  1.12  5.64
NII  1,443,092  0.01  0.09  1.65
Retail  962,061  2.06  7.14  18.22
Total  5,316,187  0.37  1.93  6.83

SIS India IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

IPO Opening Date: 31 July 2017

IPO Closing Date: 2 August 2017

Finalisation of Basis of Allotment: 7 August 2017

Initiation of refunds: 8 August 2017

Transfer of shares to demat accounts: 9 August 2017

Listing Date: 10 August 2017

Listing Price on NSE: INR879.8 per share (up 7.9% from IPO price)

Closing Price on NSE: INR757.05 per share (down 7.1% from IPO price)

75 COMMENTS

  5. “While we believe that there is no listed company which is exclusively engaged in a portfolio of businesses similar to ours, there is, however, only one other business service provider listed in India i.e. Quess Corp Limited.
    a. P/E of Quess Corp Limited calculated on a standalone basis is 120.52
    b. P/E of Quess Corp Limited calculated on a consolidated basis is 95.74”

    WHAT A JOKE!! How can they even compare with Quess? Target customers are totally different for these two companies.

  6. Funny comparison. Quess is much faster at growing business and haven’t seen it lately but margins are supposed to be better than SiS. White collar vs blue collar!

      • Yes, retail investors are the biggest fools at the height of a bull market.

        Just 10% in retail, rest with FIIs, mutual funds, and HNIs. High price and artificial demand, you see the logic?

  60. Pathetic performance on first day. Instead of making money, I lost. Not much but still, don;t invest in ipos to lose money.

    • I’m not surprised by this performance. IPO review on this site clearly mentioned the price is too high. Good business but bad price.

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