IPO Issue Details
Issue Price / Price Band₹40 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size9,12,000 shares (aggregating up to ₹3.65 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 28 Jul 2017
Subscription CloseTue, 01 Aug 2017
Anchor AllotmentThu, 27 Jul 2017
Basis of AllotmentMon, 07 Aug 2017
Initiation of RefundsTue, 08 Aug 2017
Credit of Shares to DematTue, 08 Aug 2017
Listing DateWed, 09 Aug 2017
UPI Mandate Deadline2017-08-01
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 3,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 6,000 shares
Net Offer to Public8,64,000 shares (aggregating up to ₹3.46 Cr)
Reserved for Market Maker48,000 shares (aggregating up to ₹0.1920 Cr)
Pre-IPO Promoter Holding24,75,000 shares
Post-IPO Promoter Holding33,87,000 shares
About Surevin BPO Services Ltd.
Incorporated in 2007, Surevin BPO Services Ltd (SBSL) provides business process outsourcing services to clients in India. They are one of the leading certified service providers of IT solutions and Business services, outsourcing services, digital solutions and marketing, data enrichment and management service, skill development and training program and HR consultancy.Surevin offers IT solution and business services including inbound and outbound call center, voice broadcast, and document digitalization services and other outsourcing services, digital solutions and marketing services, data enrichment and management services, skill development and training programs and human resource consultancy services. They also offers lifecycle management, technology and infrastructure, back office, HRO, financial and insurance, telecom and training, and other services.Currently SBSL is focusing on outsourcing services that include inbound and outbound call, software development and providing optical fibre cabling to Reliance, Idea and BSNL. They also provides principal services in sectors like BFSI, Government Agencies, Telecom, Technology and media industries, back office services, HRO services, Training etc.
Objects of the Issue
Surevin BPO Services Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
To Meet Working Capital Requirement
2.54
2
General Corporate Purpose
0.58
Shareholding & Lock-in
Pre-IPO Promoter Holding
24,75,000 shares
Post-IPO Promoter Holding
33,87,000 shares