The Rs 780-crore public issue, which was opened for subscription between July 31 and August 2, was oversubscribed 7 times.
Qualified institutional buyers (QIBs) portion was oversubscribed 5.64 times, non institutional investors 1.66 times and retail investors 19.51 times. The issue price was fixed at the higher end of price band of Rs 805-815 per share.
The funds raised through fresh issue would be used for repayment and pre-payment of a portion of certain outstanding indebtedness availed by company; funding working capital requirements; and general corporate purposes.
The company provides private security and facility management services across India and Australia. In addition to the core security services segment, which accounts for 87% of revenue, the company has also forayed into other segments of cash logistics and facility management. The Australian acquisition was a key driving factor of the security services business and contributes about 60% to the segment revenue.