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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