Reliable Data Services IPO is about to debut on 27 September 2017, with an issue size of 14.82CR. Reliable Data Services is an IT service provider based in Delhi that has been operating since 2001. The company offers a range of IT-enabled services to banks, financial institutions, and manufacturing industries. Reliable Data has expanded its business through nine subsidiary companies.
The company’s services include transaction processing services such as cheque and draft processing, back-office support for bank clearances, and coordinating fund activities. They also offer human resource services including recruitment solutions, payroll processing, and outsourcing solutions related to manpower. Management services provided by Reliable Data include business consulting, system design for budgetary control, and financial projections. In addition, they offer other services like digitization of records, bulk data entry, and IPO handling.
Industry Overview
The services sector is a major contributor to India’s economic growth, accounting for 66.1% of Gross Value Added in 2015-16 and attracting the most FDI inflows. In FY 2016-17, the sector grew by 7.74% to reach Rs 21.43 trillion. The Indian mobile services market is expected to reach $37 billion in 2017 and grow to $103.9 billion by 2020. The digital classifieds industry is also projected to triple to $1.2 billion by 2020, driven by horizontal classifieds.
The services sector in India is impacted by both local and international factors. It’s predicted that the facilities management market will grow by 17% from 2015 to 2020, crossing the $19 billion mark, thanks to the booming real estate, retail, and hospitality industries. FY17 looks promising for the trade, hotels and restaurants, and transport, storage, and communication sectors. And the financing, insurance, real estate, and business services sectors are expected to keep doing well in FY17.
Reliable Data IPO Details
| IPO Date | Sep 27, 2017 to Oct 3, 2017 |
| Listing Date | Oct 11, 2017 |
| Face Value | ₹10 per share |
| Price | ₹57 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,600,000 shares(aggregating up to ₹14.82 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Company Financials (in INR crore)
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 13.6 | 14.8 | 19.0 | 19.0 | 20.5 | |
| Total expenses | 11.9 | 13.0 | 17.0 | 17.5 | 18.9 | |
| Profit after tax | 1.1 | 1.2 | 1.4 | 1.0 | 1.0 | |
Objects of the Issue
The proceeds from the public issue will be utilized for the following objects:
1. To Meet Working Capital Requirement
2. Pre-payment of Loan
3. To meet Capital Expenditure
4. General Corporate Purpose
5. To Meet the Issue Expenses
Reliable Data IPO Prospectus
› Reliable Data IPO RHP
Company Contact Information
Reliable Data Services Limited
GF-22, Hans Bhawan,
1, Bahadur Shah Zafar Marg, ITO,
New Delhi, East Delhi 110002
Phone: +91-120-4089177
Email: cs@rdspl.com
Website: http://www.rdspl.com
Reliable Data IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email:
Website: https://www.skylinerta.com/
Reliable Data IPO Lead Manager(s)
- Swastika Investmart Ltd (Past IPO Performance)
