NEWS

Service Care Limited IPO : Company Info.

Service Care Limited IPO is set to launch on 14 July 2023. The company initiated its business operations in the year 2011. It provides various services such as Workforce Administration Services and Workspace Administration Services.

The company under the workspace administration provides professional services for facility management and under the workforce administration it provides end to end HRMS and HROS services for solving complex HR problems. It has 23 years of experience in its field of work.

Service Care Limited IPO DETAILS

Service Care Limited IPO is set to launch on 14 July, 2023. The subscription timeline extends till 18 July, 2023. The size for the IPO is 20.68 Crore Rs. Shares issued through fresh issue mode are worth 20.68 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 63 to 67 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Integrated Registry Management Services Private Limited.

Tabular Description of Service Care Limited IPO

IPO OPENING DATE	14 July, 2023
CLOSING DATE FOR IPO	18 July, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	63 to 67 Rs per share
LOT SIZE	2000 shares
MINIMUM ORDER QUANTITY	2000 shares
ISSUE SIZE	20.68 Crore Rs.
OFFER FOR SALE	No share offered through Offer for sale mode
FRESH ISSUE	20.68 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	26 July, 2023

Service Care Limited IPO : IMPORTANT DATES

IPO OPENING DATE	14 July, 2023
CLOSING DATE FOR IPO	18 July, 2023
IPO ALLOTMENT DATE	21 July, 2023
REFUNDS	24 July, 2023
DEMAT A/C CREDITED ON	25 July, 2023
IPO LISTING DATE	26 July, 2023

Service Care Limited IPO begins for subscription from 14 July 2023. The IPO subscription would continue till 18 July, 2023. The allotment status for the shareholders who applied would come on 21 July, 2023. The refunds for the ones who did not get allotment would be initiated on 24 July, 2023. The DEMAT accounts of shareholders would be credited on 25 July, 2023. The listing of the company would be completed on 26 July, 2023.

Service Care Limited IPO : Lead Managers

The lead managers are :

Swastika Investmart Limited

The minimum lot size for the company is decided at 2000 shares. This holding accounts to 134000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 268000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	2000 shares	134000 Rs.
Maximum	4000 shares	268000 Rs.

OBJECTIVES FOR THE IPO

IPO proceeds would be used for general corporate purposes.
The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2019-20	2020-21	2021-22
ASSETS	1920	2019	2430
Revenue	10812	8933	11502
PAT	136	24	174

Service Care Limited had an asset base of 1920 Lakh Rs in 2020 which increased to 2019 Lakh Rs in 2021 and 2430 Lakh Rs in 2022. The company had a revenue of 10812 Lakh Rs in 2020 which decreased to 8933 Lakh Rs in 2021. This was again lifted up to 11502 Lakh Rs in 2022. The bad revenue may be an outcome of COVID situation that year. The company also made a profit of 136 Lakh Rs in 2020 which decreased to just 24 Lakh Rs in 2021. This is more than 110 Lakh Rs less than the figure of 2020. The profit of the firm in the year 2022 was 174 Lakh Rs which means that the company added 150 Lakh Rs of profit in figures in comparison to the priority of the year 2021. Thus in 2022 the company’s financials bounced back.

PROS

The company under the workspace administration provides professional services for facility management and under the workforce administration it provides end to end HRMS and HROS services for solving complex HR problems.
It has 23 years of experience in its field of work.

CONS

The company works in a highly competitive segment.

Service Care Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
Click the Service Care Limited IPO button and press the BID button.
Entering the details asked for like UPI ID, Quantity and price.
Submit the application form for the IPO.
Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

dhairya@socialcoffee.in