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SiS IPO Prospectus
What Are Analysts Saying?
Security and Intelligence Services IPO: Good Growth but Expensive
Punit Jain, 02 Aug 2017
According to JainMatrix Investments, the valuations look expensive in terms of P/E ratio. SIS has the high D/E, low margins and low growth rates for the asking PE ratio which stands at 66.5 times FY17 which is expensive. The IPO is rated AVERAGE.
Security and Intelligence Services IPO: Rudra Shares recommend to subscribe to the issue
Rudra Shares and Stock Brokers, 01 Aug 2017
Taking into consideration, SiS\'s diversified product portfolio, leading position in facility management services, inorganic growth through strategic acquisitions and second largest cash logistics service provider, we recommend to SUBSCRIBE for this IPO.
Security & Intelligence Services IPO: Long Term Subscribe - Hem Securites
Hem Securities, 31 Jul 2017
At price of Rs 805-815/share, co is bringing the issue at p/e multi-ple of 64.51-65.31 on post issue FY17 eps of Rs 12.48. Co’s busi-ness model looks attractive but looking at valuation, issue looks overpriced at current level. Hence we recommend “Subscribe for long term” on issue .
Security and Intelligence Services IPO: An investor may opt the issue for long term - SMC
SMC, 31 Jul 2017
The company is the second largest in security service, cash logistics and fourth largest in facility management segments and the fastest growing company in India. India is providing huge potential for speedy growth across the segments for this company. An investor may opt the issue for long term.
IPO Note: Security & Intelligence Services IPO - HDFC Securities
HDFC Sec, 31 Jul 2017
Security and Intelligence Services (India) Ltd is a leading provider of private security and facility management services in India. The Offer consists of the Fresh Issue and the Offer for Sale. SIS will not receive any proceeds from the Offer for Sale.
Issue Details
Open Date: 31 Jul 17
Close Date: 02 Aug 17
Offer Price: Rs. 805
Issue Size: Rs. 784.08 Cr
Min Application Amount:
Rs. 14490
Min bid (No. of shares): 18
Listing Exchanges:
About the Company
"Incorporated in 1985, Security and Intelligence Services (India) Limited provides private security and facility management services in India and Australia. They offers cash logistics; security services, including manned guarding, cash logistics, and electronic security; and facility management services, such as mechanized cleaning, and pest and termite control services.

SiS servers customers that operate in various industries and sectors, which include banking and financial services, IT/ITeS and telecom, automobile, steel and heavy industries, governmental undertakings, hospitality and real estate, utilities, educational institutions, healthcare, consumer goods, engineering, and construction.

SIS Group is present across all the 29 states in India. They have joint ventures with affiliates of Prosegur Compañía de Seguridad, S.A and Terminix International Company, L.P. (“Terminix”), a multi-national provider of termite and pest control services."
Objective of the Issue
"Objects of the Issue:

The object of the issue are:

1. Repayment and pre-payment of a portion of certain outstanding indebtedness availed by the Company;
2. Funding working capital requirements of the Company; and
3. General corporate purposes."
Subscription Details
Investor Category No of times
Qualified Institutional Investor -
Non Institutional Investor -
Retail Investor -
Total -