News

Home | Market | News | News Details

News Details

(As on Jan 17, 2017, 00:31)

Security and Intelligence Services gets Sebi nod for IPO

Security and Intelligence Services has received market regulator Sebi’s go ahead for raising an estimated Rs 500 crore through an initial public offering, reported PTI.

The firm provides security solutions and business support services to a wide range of customers across India and Australia.

The company had filed draft prospectus with Sebi in September and the markets regulator issued final ‘observation’ on the IPO papers on January 12, which is necessary for every company to launch public offers. The IPO comprises fresh issue of shares worth Rs 362.25 crore and an offer for sale of up to 6,518,876 shares by the existing shareholders, as per the Draft Red Herring Prospectus (DRHP).

According to sources, the public issue is expected to raise Rs 500 crore. Proceeds of the issue will be utilised towards repayment of loan, funding working capital requirements and for general corporate purposes.

Axis Capital, ICICI Securities, IIFL Holdings, Kotak Mahindra Capital Company are global coordinators and book running lead managers to the issue. SBI Capital Markets, IDBI Capital Markets and Securities and Yes Securities (India) Ltd are merchant bankers to the issue.

In 2016, 26 companies hit the capital market to collectively raise over Rs 26,000 crore through their respective IPOs, making it the best year for public offers since 2010.

SEBI REGN NO -NSE CASH : INB231283533 NSE EQUITY DERIVATIVES : INF231283533 NSE CURRENCY DERIVATIVES : INE231283533 BSE CASH: INB011283539 BSE EQUITY DERIVATIVES: INF011283539
FMC unique member code - MCX : MCX/TCM/CORP/1033 NCDEX MEMBER ID:00884 FMC unique member code - NCDEX : NCDEX/TCM/CORP/0854
DP ID No. : 12052700   DP Sebi Reg.No.IN-DP-CDSL-432-2007
NSE | BSE | RBI | SEBI | CDSL | MCX | NCDEX

ATTENTION INVESTORS "Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day.......... Issued in the interest of investors". "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with us. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day.......... Issued in the interest of investors". "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary".

(Note : Best viewed in 1024 X 768 and above resolution also in IE 9 and above all higher versions.)


Copyright © 2015 Tradewell Securities Limited. All rights reserved.

Designed, developed and content provided by dion

SMS Registration

Submit Clear

Mobile Trading

Segment

Submit Clear

logo

Submit Clear

Investors Grievances

DP Grievances
tslgrievance@tradewellmail.com

Trading Grievances
igtsl@tradewellmail.com

Invest By QFI

QFI's Can now invest in Indian Capital Markets Through Tradewell Securities ltd -
For details Contact
Mr K.Brahmaiah - 9246399440/040-23541258.

CLIENT LOGIN

NOTES:

FRANCHISEE LOGIN

NOTES:

INTERNET TRADING

NOTES: