SIS listed at 9% premium against IPO price

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sis india allotment
SIS India IPO Allotment

Security and Intelligence Services India (SIS India) News

SIS has made a stellar debut by listing at Rs 872, a 9-10% premium against its initial public offer (IPO) price of Rs 815 on BSE (Bombay Stock Exchange).
At 03:30 am; the stock was trading at Rs 756, after hitting high of Rs 879 on NSE. It touched a low of Rs 841 in intra-day trade so far. Around 37,36,235 equity shares changed hands on the counter, the NSE data shows.
Security and Intelligence Services India (SIS India) Rs 780 crore IPO had received a robust response from the retail investors with the issue getting subscribed nearly 7 times.
The company issued 5,120,619 shares at price of Rs 805-815 per share.
The portion reserved for retail individual investors subscribed by 7.07 times, while QIB portion was subscribed by 4.83 times.
Security and Intelligence Services India (SIS India) proposed to OFS(Offer for sell) by the promoters of the company.

Security and Intelligence Services India (SIS India) is one of the top security companies of India.it’s founded by Ravindra Kishore Sinha in 1974.

SIS majorly working on Private security as well as facility management on Australia and India.

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