SecUR Credentials IPO

SecUR Credentials IPO

Business description from prospectus – SecUR Credentials is engaged in the business of Background Screening (also known as BGC – Background Check) and Due Diligence. It is the end-to-end screening services provider to various corporates in the country. It is one of the very few India-based BGC companies to be a member of the prestigious US-based National Association of Professional Background Screeners (NAPBS), APAC Chapter, which is the umbrella body of the largest BGC companies around the globe.

As a result, the company has access to the NAPBS members not just for specialised/localised services, but also as a knowledge centre for best practices. SecUR Credentials can provide background screening services, for organisations not just in India, but across the globe through its NAPBS connections and has provided services in countries such as US, UK, Philippines, Srilanka to name a few. The company is headquartered in Andheri, Mumbai, with branch offices in Mumbai, Delhi, Bengaluru, Hyderabad and Chandigarh. SecUR Credentials can cover every PIN code of the country through its intricate hub and spoke model, which multiplies the geographies it covers through the above branch offices.

Promoters of SecUR Credentials – Pankaj Vyas

SecUR Credentials IPO details

Subscription Dates 1 – 3 November 2017
IPO Price band INR205 per share
Fresh issue 1,467,000 shares (INR30.1 crore)
Offer for sale Nil
Total IPO size 1,467,000 shares (INR30.1 crore)
Minimum bid (lot size) 600 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge platform

SecUR Credentials’ financial performance (in INR lakh)

FY2013 FY2014 FY2015 FY2016 FY2017 Q1 FY2018
Total revenue 137.6 71.1 0.2 440.9 1,016.2 589.7
Total expenses 126.6 67.0 8.6 433.2 741.9 411.1
Profit after tax -2.7 2.1 -8.6 1.7 180.7 124.5

SecUR Credentials Limited
Unit nos. 39, 46 and 47, Nandghanshyam Industrial Estate
Off. Mahakali Caves Road
Andheri East, Mumbai – 400 093

Phone: +91 22 6173 7788
Email: [email protected]
Website: www.secur.co.in

Day

Subscription (no. of times)

Day 1 0.20
Day 2 0.80
Day 3 3.83

 

Earnings Per Share (EPS): INR6.06

Price/Earnings (P/E) ratio: 33.80

Return on Net Worth (RONW): 89.03%

Net Asset Value (NAV): INR10.83 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]
Website: www.skylinerta.com

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

IPO Opening Date: 1 November 2017

IPO Closing Date: 2 November 2017

Listing Date: 13 November 2017

Listing Price on NSE SME: INR208 per share (up 1.5% fromI PO price)

Closing Price on NSE SME: INR198.6 per share (down 3.1% from IPO price)

4 COMMENTS

  1. Subscribe as it is one among same type of business models like team lease which listed on the main board with 20% gain on the first day. The issue will list above 5 %.

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