Issue Price : Rs 805 – Rs 815 Per Equity Share

Market Lot  : 18 Shares

Face value: 10

Per lot Cost: 14,760/-

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    Bid/Offer Opens On: July 31, 2017

    Bid/Offer Closes On: August 02, 2017

    Finalization of Basis of Allotment: On or about August 7, 2017

    Initiation of refunds: On or about August 8, 2017

    Credit of Equity Shares to demat accounts: On or about August 9, 2017

    Commencement of trading of the Equity Shares on the Stock Exchanges: On or about August 10, 2017

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Source  http://www.chittorgarh.com/ipo/sis-ipo/690/

 

Security services in India had been growing at 20 per cent in the past five , SIS is growing faster than the Industry

 Company 

– 2nd largest security service in india

-Consistent revenue

-Asset-light model,

-Descent operating profit margins

-Employees 148,678

-251 branches in India

-Recently raised Rs351 Cr. from anchor investors

Security industry has low entry barriers but mostly unorganized

 

Revenue Mix

Corporate Security  88%

Facility management  8%

Cash logistics services   4%

-Australian subsidiary -contributes nearly 61 per cent to the Security Services Rev

-Increasing  -business to government – contracts space, particularly from *Indian Railways* for its _facility management_ vertical.

-It is currently providing services to 25 railway stations.

Object of the issue

  1. Repayment and pre-payment of a portion of certain outstanding indebtedness availed by the Company;
  2. Funding working capital requirements of the Company; and
  3. General corporate purposes.

Financials

REVENUE GROWTH 14.2 %

REVENUE Rs 4,567 crore between

OPERATING PROFIT rose 15.5 %  to Rs 223

OPERATING PROFIT MARGIN  4.4-4.9 %

Valuations

PE 65 is bit high but due to strong growth drivers like government spending and corporate growing thanks to favorable economy should not be a worry 🙂

 

Target And Holding Period    

Contact +91-855 491 2031

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