About Company’s Business:
As a leading integrated facilities management company in India, they focus on healthcare, education, public administration, airports, railways, metro infrastructure, and retail sectors. With a wide geographic presence, they offer comprehensive services such as housekeeping, waste management, security, and more. Serving 262, 277, 326, and 309 customers from 2021 to September 2023, they operate at 1,962, 2,240, 2,427, and 2,160 locations in India, respectively.
About the Industry:
In Fiscal 2023, the estimated value of the Indian outsourced integrated facility management market reached â‚ą980.8 billion. Projections indicate a growth trajectory at a CAGR of 14.6% from Fiscals 2023-2028, foreseeing a potential market size of â‚ą1,935.88 billion. The market size for staffing and payroll management services in Fiscal 2023 is assessed at â‚ą729 billion, with an anticipated CAGR of 20.1% from Fiscals 2023-2028. The private security and manned guarding services market in India, valued at â‚ą1,500 billion in Fiscal 2023, is anticipated to grow at a CAGR of 20.0% from Fiscal 2023-2028, according to the F&S Report.
Key Financial Information (â‚ą in million):
| Particulars | As of and for the six-month period ended September 30, 2023 | As of and for the Financial Year ended March 31, 2023 | As of and for the Financial Year ended March 31, 2022 | As of and for the Financial Year ended March 31, 2021 |
|---|---|---|---|---|
| 2023 | 2023 | 2022 | 2021 | |
| Equity Share capital | 115.24 | 57.62 | 57.62 | 57.62 |
| Net Worth | 1836.84 | 1,634.12 | 1,638.55 | 1,360.75 |
| Revenue from operations | 4,516.08 | 7,076.36 | 5,526.76 | 4,712.89 |
| Restated profit after tax for the period/year | 205.85 | 384.44 | 262.74 | 168.24 |
| Basic earnings per share from continuing and discontinued operations | 17.84 | 33.33 | 22.69 | 14.45 |
| Diluted earnings per share from continuing and discontinued operations | 17.84 | 33.33 | 22.69 | 14.45 |
| Net Asset Value per Equity Share | 159.39 | 141.80 | 142.18 | 118.08 |
| Total borrowings (as per balance sheet) | 1033.59 | 479.93 | 725.51 | 653.10 |
Objective of the Issue:
- Repayment/prepayment, in full or part, of certain borrowings availed of by our
Company. - Funding working capital requirements of our Company.
- Funding capital expenditure for purchase of new machinery.
- General corporate purposes.
For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.
| Important information regarding the IPO | |
|---|---|
| Open Date | Thursday, March 14, 2024 |
| Close Date | Monday, March 18, 2024 |
| Issue Size | â‚ą300.13 Crores |
| Price | â‚ą680 to â‚ą715 per share |
| Lot Size | 20 Shares |
| Basis of Allotment | Tuesday, March 19, 2024 |
| Initiation of Refunds | Wednesday, March 20, 2024 |
| Credit of Shares to Demat | Wednesday, March 20, 2024 |
| Listing Date | Thursday, March 21, 2024 |
How to apply for this IPO?
You can locate the redirection link to the IPO on the home screen of the Dhan App. Alternatively, you can access it by navigating to the “Money” Section at the bottom right and swiping right to reach the “IPO” Tab.
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