SIS Money IPO:Â SIS Money Providers Ltd, a money logistics firm, filed draft papers to the Securities and Change Board of India (SEBI) for an preliminary public providing (IPO).
The IPO contains a contemporary situation of shares amounting to Rs 100 crore and a proposal on the market (OFS) of 37.15 lakh shares by the promoters, as acknowledged within the draft pink herring prospectus (DRHP) filed on Thursday. The entities collaborating within the OFS embody SIS Ltd and SMC Built-in Facility Administration Options Ltd.
Listed here are the main points of how the proceeds from the contemporary situation can be allotted:
Rs 37.59 crore for the acquisition and fabrication of secured money automobiles, Rs 29.81 crore for debt compensation, and the remaining portion for common company functions.
Based on a CRISIL report, SIS Money Providers is the second-largest firm within the business by income for the fiscal yr 2024, with an estimated market share of 17-18 per cent. The corporate operates below the trademark SIS Prosegur, whereas its wholly owned subsidiary, SIS Prosegur Holdings, features below the trademark SISCO.
The corporate presents a spread of companies, together with cash-in-transit, retail money administration (doorstep banking), ATM money replenishment and first-level upkeep, and money assistant-cash peon companies. Moreover, it gives value-added and synergistic options for varied valuables, together with money. By way of its built-in companies, the corporate has transitioned in the direction of providing complete, end-to-end options for purchasers.
For the 9 months ending December 31, 2024, SIS Money Providers reported income from operations of Rs 529.86 crore and a revenue after tax of Rs 38.74 crore.
DAM Capital Advisors is the only book-running lead supervisor for the difficulty.
