Dynamic Services & Security Limited IPO Detail
Incorporated in 2016, Dynamic Services & Security Limited offers manpower solution services in the field of Mechanized cleaning, catering, housekeeping, security, logistics, contractual services, and other services
It provides Guarding/Custoridal services, integrated facility management, and digitalization services. The company offers a comprehensive range of customized services in both the public and private segments to meet customers' requirements.
Competitive strengths
- A comprehensive range of manpower solution services.
- Established track record of 13 years of experience.
- Strong quality products with ISO certification.
- Proven business model and smooth operation flow.
- Well-defined organizational structure.
Company Promoters
Mr. Jugal Kishore Bhagat, Mrs. Rekha Bhagat, and Mrs. Rekha Devi Bhagat are the company promoters.IPO Details
| IPO Opening Date | Sep 30, 2021 |
| IPO Closing Date | Oct 05, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹24.13 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.0x | - | - | 1.47x | 0.03x | 0.75x |
| Day 2 | 0.0x | - | - | 1.47x | 0.43x | 0.95x |
| Day 3 | 0.0x | - | - | 1.79x | 0.81x | 1.30x |
| Day 4 | 0.0x | - | - | 2.33x | 1.54x | 1.94x |
IPO Tentative Timetable
The Dynamic Services & Security Limited IPO open date is Sep 30, 2021, and the close date is Oct 05, 2021. The issue may list on Oct 13, 2021.
| IPO Open Date | Sep 30, 2021 |
| IPO Close Date | Oct 05, 2021 |
| Basis of Allotment Date | Oct 08, 2021 |
| Initiation of Refunds | Oct 11, 2021 |
| Credit of Shares to Demat Account | Oct 12, 2021 |
| IPO Listing Date | Oct 13, 2021 |
IPO Lot Size
The Dynamic Services & Security Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹102000 |
| Maximum | 1 | 2000 | ₹102000 |
IPO Promoter Holding
| Pre Issue Share Holding | 74.02% |
| Post Issue Share Holding | 48.11% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 71.057 | 70.963 | 1.039 |
| 31-Mar-20 | 81.621 | 0.465 | 0.015 |
| 31-Mar-19 | 48.091 | 0.434 | 0.009 |
Objects of the Issue:
The net proceed from the IPO will be utilized towards the following purposes;
- Meet working capital requirements.
- Meet issue expenditures.
- General corprate purposes.
