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SIS ends with over 7% discount

Capital Market 

At Rs 756.70 on BSE

Shares of Security and Intelligence Services (India) settled at Rs 756.70 on BSE, a discount of 7.15% over initial public offer price of Rs 815 per share on its debut today, 10 August 2017.

Meanwhile, the S&P Sensex fell 266.51 points or 0.84% at 31,531.33.

The stock opened at Rs 875, a premium of 7.36% over the issue price. The stock had hit a high of Rs 878 and a low of Rs 749 in intraday trade. On the BSE, 13.20 lakh shares were traded on the counter.

The initial public offer (IPO) of SIS which concluded on 2 August 2017, received strong response from investors. It was subscribed 7.07 times. The IPO price band was fixed at Rs 805-815 per share.

Security and Intelligence Services (India) (SIS) is a leading provider of private security and facility management services in India.

Security and Intelligence Services (India)'s consolidated net profit rose 20.53% to Rs 91.28 crore on 19.05% growth in net sales to Rs 4567.09 crore in FY 2017 over FY 2016.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 10 2017. 16:11 IST