Reliable Data Services IPO

Reliable Data Services IPOBusiness description from prospectus – Reliable Data Services is primarily engaged in providing customized services to various Banks, financial institutions and other manufacturing industries in the field of management services, transaction processing services, human resources services and other allied services. The company is floated by a group of professionals having business interest in IT enabled services which includes web enabled services, remote services and covers the entire range of operations which exploit information technology for improving efficiency of an organization along with debt management services, collection from corporate clients, reconciliation, follow up and customized MIS etc.

The company has entered into agreement with various leading MNC and Private Sector Banks like Standard Chartered Bank, Deutsche Bank, HSBC, HDFC Bank Ltd, ICICI Bank, Axis Bank, Citibank and Yes Bank for providing various support services. The agreement which the company entered with banks are short term and long term depending upon the type of services and its terms and conditions. Subsequently, few Public Sector Banks were also added to client list such as IDBI, Union Bank and Corporation Bank. The Company initiated operation by providing PDC Management Services/Presentation for ICICI Bank and later on other banks were added to the client list. The company is now engaged in collection services with mobile based application developed by banks, image based data processing and other backend processing on behalf of various banks.

Promoters of Reliable Data Services – Mr. Sanjay Kumar Patahk, Mr. Rakesh Jha, Mr. Sandeep Kumar Jha, Mr. Sunil Kumar Rai and Mr. Anil Kumar Jha

Reliable Data Services IPO details

Subscription Dates 27 September – 3 October 2017
IPO Price band INR57 per share
Fresh issue 2,600,000 shares (INR14.82 crore)
Offer for sale Nil
Total IPO size 2,600,000 shares (INR14.82 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform

Reliable Data Services’ financial performance (in INR crore)

FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 13.6 14.8 19.0 19.0 20.5
Total expenses 11.9 13.0 17.0 17.5 18.9
Profit after tax 1.1 1.2 1.4 1.0 1.0

Reliable Data Services Limited
Uttar Pradesh (NCR) – 201301

Phone: +91 120 4089177
Email: [email protected]


Subscription (no. of times)

Day 1 0.70
Day 2 1.02
Day 3 2.12
Day 4 44.90


Earnings Per Share (EPS): INR2.71

Price/Earnings (P/E) ratio: 21.07

Return on Net Worth (RONW): 15.16%

Net Asset Value (NAV): INR107.05 per share

Skyline Financial Services Pvt Ltd
A49, Gundecha Onclave, Kherani Road,
Sakinaka, Mumbai – 400 072
Maharashtra, India

Phone: +91 22 2851 1022
Email[email protected]

Reliable Data Services IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.

IPO Opening Date: 27 September 2017

IPO Closing Date: 3 October 2017

Listing Date: 11 October 2017

Listing Price on NSE SME: INR68.4 per share (up 20% from IPO price)

Closing Price on NSE SME: INR68.4 per share (up 20% from IPO price)


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