
Business Services · NSE
Incorporated in 2011, Service Care Limited provides Workspace Administration Services and Workforce Administration Services across various business domains. While the Workspace Administration Services focus on facility management solutions, the Workforce Administration Services offer end-to-end HRMS and HROS support to solve complex HR challenges. Although incorporated in 2011, the company carries over 23 years of overall industry experience and has built credibility among customers and partners across India. Service Care has a team strength of 5,800+ associates including contractual employees, and caters to diverse sectors such as engineering, education, manufacturing, infrastructure, government and banking, IT, healthcare, staffing, recruitment, food, FMCG, and more.
Price Band
₹63 – ₹67
Issue Size
₹20.68 Cr
Lot Size
2000 shares
GMP
+13.4%
Est. Listing
₹76
at current GMP
Subscribed
6.49x
overall
Open
14 Jul 2023
Close
18 Jul 2023
Allotment
22 Jul 2023
Refund
23 Jul 2023
Demat Credit
24 Jul 2023
Listing
26 Jul 2023
Designated Registrar: Integrated Registry Management Services Private Limited
Allotment Date
22 Jul 2023
Basis finalization
Refunds Initiate
23 Jul 2023
Mandate release
Demat Credit
24 Jul 2023
Shares in demat
Listing Debut
26 Jul 2023
Trading begins
Service Care Limited is bringing an initial public offering (IPO) in the Business Services sector with an aggregate issue size of ₹20.68 Crores. The shares are offered at a price band of ₹63 to ₹67 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,34,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Integrated Registry Management Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-07-24, while un-allotted funds or UPI block mandates will be released on 2023-07-23.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.