SecUR Credentials Ltd IPO (SecUR Credentials IPO)-Upcoming IPO

SecUR Credentials Ltd IPO (SecUR Credentials IPO)-Upcoming IPO

In the list of upcoming IPO SecUR Credentials Ltd is planning to launch IPO. The tentative size of the upcoming IPO that is SecUR Credentials IPO of Rs 30 crore. The tentative price brand of upcoming IPO (Initial Public offering) would be Rs 205. The SecUR Credentials IPO would open on 1 Nov, 2017 and close on 3 Nov, 2017. It is Mumbai-based employee background screening and verification firm.

SecUR Credentials Ltd IPO (SecUR Credentials IPO)-Upcoming IPO details:

  1. SecUR Credentials details:

  • The company was incorporated as a private limited on 14 Aug, 2001 under Companies Act, 1956. At the time of incorporation the name of the company was Axis Resources Private Limited’
  • On 18 July, 2016 the company was converted into public limited company and the name of the company was also changed to “SecUR Credentials Limited”.
  • SecUR Credentials is engaged in the business of Background Screening (also known as BGC – Background Check) and Due Diligence.
  • It is the end-to-end screening services provider to various corporates in the country.
  • It is one of the very few India-based BGC companies to be a member of the prestigious US-based National Association of Professional Background Screeners (NAPBS), APAC Chapter, which is the umbrella body of the largest BGC companies around the globe.
  • The operation capabilities of the company are in 14 countries. Plus 15 years of management experience and 300+ workforce.
  • Company is providing solutions to HR systems of more than 350 large companies in 30+ industries.
  1. Corporate Identity Number (CIN) of SecUR Credentials Ltd:

U74110MH2001PLC133050

  1. Promoters of SecUR Credentials Ltd:

  • Pankaj Vyas
  1. Object of the SecUR Credentials IPO:

There are five objective of the SecUR Credentials IPO. They are listed below.

  • Meeting Additional Working Capital Requirements
  • Expansion of Business Activities
  • Purchase of “SYMPHONY 3.0” Software along with Database
  • Marketing and Brand Building
  • General Corporate Purposes
  1. Issue Details of SecUR Credentials IPO:

  • Issue Open: Nov 1, 2017 – Nov 3, 2017
  • Issue Type: Fixed Price Issue IPO
  • Issue Size: 1,467,000 Equity Shares of Rs 10 aggregating up to Rs 30.07 Cr
  • Face Value: Rs 10 Per Equity Share
  • Issue Price: Rs 205 Per Equity Share
  • Market Lot: 600
  • Minimum Order Quantity: 600
  • Listing At: NSE SME
  1. Utilization of Net Proceeds :

SecUR Credentials IPO

  1. Financial Details of SecUR Credentials:

SecUR Credentials’ financial performance (in INR lakh)
FY2013FY2014FY2015FY2016FY2017Q1 FY2018
Total revenue137.671.10.2440.91,016.2589.7
Total expenses126.667.08.6433.2741.9411.1
Profit after tax-2.72.1-8.61.7180.7124.5
  1. DRHP of SecUR Credentials IPO:

DRAFT RED HERRING PROSPECTUS

  1. Lead manager to the Issue:

Inventure Merchant Banker Services Private limited

  1. Registered Address of the company:

A-303, Classique Centre, Off Mahakali Caves Road, Andheri (East), Mumbai – 400 093, Maharashtra, India

  1. Registar to the Issue:

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED

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