Security and Intelligence Services (India) IPO
Security and Intelligence Services (India) Limited (SIS) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 10 August 2017.
Issue details
Listing day
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 29,11,034 | 1,64,19,222 | 5.64x | |
| NII (HNI) total | 14,43,092 | 23,92,218 | 1.66x | |
| Retail | 9,62,061 | 1,87,65,342 | 19.5x | |
| Total | 53,16,187 | 3,75,76,782 | 7.07x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 43% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Security and Intelligence Services (India)'s, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Eris LifesciencesJun 2017 | 4.68x | 0.45x | 3.51x | 3.29x | ₹1,741 Cr | +1.3% | +4.2% |
| PSP ProjectsMay 2017 | 8.38x | 10.4x | 6.47x | 8.58x | ₹212 Cr | -9.5% | -5.0% |
| Tejas NetworksJun 2017 | 2.16x | 0.48x | 3.10x | 1.88x | ₹803 Cr | 0.0% | +5.6% |
| Larsen & Toubro InfotechJul 2016 | 19.9x | 10.8x | 7.39x | 11.7x | ₹1,242 Cr | -6.1% | 0.0% |
| L&T Technology ServicesSep 2016 | 5.01x | 1.03x | 1.75x | 2.53x | ₹894 Cr | +7.0% | +8.3% |
| Laurus LabsDec 2016 | 10.5x | 3.58x | 1.67x | 4.57x | ₹1,334 Cr | +14.5% | +16.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| SBI Capital Markets | 56 | +16.7% | 61% |
| Yes Securities (India) | 6 | +28.6% | 83% |
| IDBI Capital Markets & Securities | 7 | +19.1% | 43% |
Offer documents (NSE)
Frequently asked
What is the Security and Intelligence Services (India) IPO price band and lot size? ₹805–815 per share, with a lot of 18 shares, so the smallest retail bid is ₹14,670.
How many times has it been subscribed? 7.07x overall: QIB 5.64x, NII 1.66x, retail 19.5x.
How did it list? It opened at ₹880, +8.0% against the issue price of ₹815, and closed its first day -7.1%.
