Thursday, July 27, 2017

SIS India IPO Opens from July 31 to Aug 2, Price Band Fixed at Rs 815

The Security and Intelligence Services (India) Limited (SIS) is estimated to raise  Rs 778 crore through its initial public offer or IPO.
The company's IPO will open for subscription on July 31, 2017 and close on August 2, 2017. The price band for the IPO is set at Rs 805 to Rs 815 and the market lot is of 18 shares and in multiples of 18 thereafter.
The initial offer would comprise fresh issue of Rs 362.25 crore and an offer for sale of Rs 415 crore.
The net proceeds from fresh issue will be utilized for repayment and pre-payment of a portion of certain outstanding indebtedness, funding working capital requirements and for general corporate purposes.
Axis Capital, ICICI Securities , IIFL Holdings and Kotak Mahindra Capital Company are the global coordinators and book running lead managers.
SBI Capital Markets, Yes Securities (India) and IDBI Capital Markets & Securities are the book-running lead managers.

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