Security and Intelligence Services has secured green signal from the market regulator SEBI for going ahead with its proposed IPO for raising an estimated Rs.500 crore through the offer
The IPO comprises fresh issue of shares worth Rs 362.25 crore and an offer for sale of up to 6,518,876 shares by the existing shareholders, as per the Draft Red Herring Prospectus (DRHP). The company had filed draft prospectus with SEBI in September 2016
Proceeds of the issue will be utilised towards repayment of loan, funding working capital requirements and for general corporate purposes.
Axis Capital, ICICI Securities, IIFL Holdings, Kotak Mahindra Capital Company are global coordinators and book running lead managers to the issue.
Security and Intelligence Services (India) (SIS) is a private security solutions provider in India and Australia. It is based in New Delhi, India
The company offers security services to bank, hotels, institutions,IT & ITES, residential colonies, Retail and commercial establishments. It also offers electronic security systems, consulting, housekeeping and security services like pre employment verification & surveillance, Cash services which include transfer of cash and valuables and ATM replenishment and recruitment and training services
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