SME IPO: Service Care's issue to open on July 14. 10 things to know about the offer

economictimes.indiatimes.com:

1) Company overview The company offers integrated services in the areas of facility management and payroll management.2) Industry overview The growing penetration of the Internet of Things (IoT) majorly drives the global market and coinciding with it is the rising demand for integrated services in facility management, such as energy management, maintenance, and repair, to maintain a safe and efficient facility while reducing the costs associated with downtime and repairs.3) Issue size The IPO is entirely a fresh equity issue of up to 30.86 lakh shares, aggregating up to Rs Rs 20.68 crore4) Price band The company will offer its shares at a price band of Rs 63-67 apiece, and investors can bid for 2,000 shares in 1 lot.5) Financial performance For the period ending January 2023, the company has recorded revenues of Rs 132 crore, and net profit of Rs 3.02 crore.6) Objects of the offer The net proceeds from the public offer will be used to meet working capital of the company, general corporate purposes and other public issue related expenses.7) Booking running lead managers Swastika Investmart is acting as the lead manager to the issue, while Integrated Registry Management Services is the registrar.8) Issue structure About 50% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors and the rest 35% for retail investors.9) Important dates The IPO opens on July 14 and closes on July 18. The final allotment will be made on July 21.