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SIS makes a decent debut

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of Security and Intelligence Services (India) were trading at Rs 839.50 at 11:42 on BSE, a premium of 3% over initial public offer price of Rs 815 per share on its debut today, 10 August 2017.

Meanwhile, the S&P Sensex was down 116.90 points or 0.37% at 31,680.94.

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 835 so far. On the BSE, 5.90 lakh were traded on the counter so far.

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

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. 11:41 IST