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Security and Intelligence Services (India) Ltd will make its stock market debut tomorrow after concluding its initial share sale offer last week.
The initial share sale offer was oversubscribed 7 times. Qualified institutional buyers (QIBs) portion was oversubscribed 5.64 times, non institutional investors 1.66 times and retail investors 19.51 times.
The company had set Rs 805-815 per share as the price band for the IPO.
The company provides security solutions and business support services to a wide range of customers across India and Australia.
Axis Capital Ltd, ICICI Securities Ltd, IIFL Holdings Ltd and Kotak Mahindra Capital Company Ltd were the global coordinators and book running lead managers to the offer.
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