SecUR Credentials Ltd is a Mumbai-based company that specializes in providing end-to-end background screening services, also known as BGC, and due diligence solutions to corporates in India and around the world. Unlike most other BGC companies based in India, SecUR Credentials Ltd offers comprehensive screening services, including criminal record checks, educational and employment verifications, address verifications, and more.
The company’s global reach is facilitated by their membership in the National Association of Professional Background Screeners (NAPBS), which allows them to provide screening services in various countries, including the US, UK, Philippines, and Sri Lanka. With their headquarters in Andheri, Mumbai, and branch offices in Delhi, Bengaluru, Hyderabad, and Chandigarh, SecUR Credentials Ltd has a wide geographical presence that covers every PIN code of the country through their efficient hub and spoke model.
SecUR Credentials IPO Details
| IPO Date | Nov 1, 2017 to Nov 3, 2017 |
| Listing Date | Nov 13, 2017 |
| Face Value | ₹10 per share |
| Price | ₹205 per share |
| Lot Size | |
| Total Issue Size | 1,467,000 shares (aggregating up to ₹30.07 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
SecUR Credentials IPO Listing Details
| Listing Date | Nov 13, 2017 |
| BSE Script Code | |
| NSE Symbol | SECURCRED |
| ISIN | INE195Y01010 |
| Final Issue Price | ₹205 per share |
Industry Overview
The background screening industry is a growing sector, with increasing demand for reliable and efficient screening services across various industries, including healthcare, banking, finance, and IT. With the rise of remote work and virtual hiring processes, the need for comprehensive background screening services has become even more crucial for organizations to ensure that they are making safe and informed hiring decisions.
According to a report by Grand View Research, the global background screening market size was valued at USD 3.94 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 11.1% from 2021 to 2028. In India, the background screening industry is also on a growth trajectory, driven by factors such as increasing regulatory compliance requirements, rising awareness about the importance of background checks, and the growing trend of virtual hiring.
Company Financials
| Company financial performance (in INR lakh) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | Q1 FY2018 | |
| Total revenue | 137.6 | 71.1 | 0.2 | 440.9 | 1,016.2 | 589.7 |
| Total expenses | 126.6 | 67.0 | 8.6 | 433.2 | 741.9 | 411.1 |
| Profit after tax | -2.7 | 2.1 | -8.6 | 1.7 | 180.7 | 124.5 |
Objects of the Issue
The objects of Issue are:
1. Meeting Additional Working Capital Requirements;
2. Expansion of Business Activities;
3. Purchase of SYMPHONY 3.0 Software along with Database;
4. Marketing and Brand Building;
5. General Corporate Purposes.
SecUR Credentials IPO Prospectus
Company Contact Information
SecUR Credentials Ltd
A-303, Classique Centre,
off Mahakali Caves Road,
Andheri (East), Mumbai � 400 093
Phone: +91 22 6173 7788
Email: complianceofficer@secur.co.in
Website: http://www.secur.co.in
SecUR Credentials IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: Mumbai@skylinerta.com
Website: https://www.skylinerta.com/
SecUR Credentials IPO Lead Manager(s)
- Inventure Merchant Banker Services Pvt Ltd (Past IPO Performance)
