SecUR Credentials Ltd IPO

SecUR Credentials Ltd

Issue Open

Nov 01, 2017

Price Band

₹ 205

Issue Size

₹ 30.07 Cr

Credit of Shares to Demat

-

Issue Close

Nov 03, 2017

Bid Lot

Listing Exchange

NSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Nov 13, 2017

Refunds

-

About the company:

 

Formerly known as Axis Resources Private Limited Company is a end-to-end screening services provider to various corporates in the country. It has headquartered in Andheri, Mumbai, with branch offices in Mumbai, Delhi, Bengaluru, Hyderabad and Chandigarh.

 

Date of establishment: SecUR Credentials Limited was incorporated on 14th August, 2001

 

 

Product & Service Offering: Company conducts background screening and due dilligence 

 

 

Promoters of SecUR Credentials ltd.: Mr. Pankaj Vyas is the promoters of SecUR Credentials ltd.

 

 

Customer segment: They provide services to both domestic and global market  through US-based National Association of Professional Background Screeners (NAPBS)

 

 

Objects of the Issue: The objects of the Offer is to:-
-      To Finance additional Working capital requirement
-      To Finance Expansion of Business activities
-      To Finance Purchase of “SYMPHONY 3.0” Software along with Database
-      Marketing and Brand Building

 

Company Financials: 

 

SecUR Credentials financial performance (in INR lakh)

 

FY2013

FY2014

FY2015

FY2016

FY2017

Q1 FY2018

Total Assets

80.76

88.26

95.30

77.77

840.96

1286.62

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

 

 

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