Reliable Data Services Limited IPO

Reliable Data Services Limited

Issue Open

Sep 27, 2017

Price Band

₹ 57

Issue Size

₹ 14.82 Cr

Credit of Shares to Demat

-

Issue Close

Oct 03, 2017

Bid Lot

2000

Listing Exchange

NSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

2000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Oct 11, 2017

Refunds

-

About the company:

The company is floated by a group of professionals having business interest in IT enabled services which includes web enabled services, remote services and covers the entire range of operations which exploit information technology for improving efficiency of an organization along with debt management services, collection from corporate clients, reconciliation, follow up and customized MIS etc

Date of establishment: Reliable Data Services Limited was incorporated in 2001

 

Product & Service Offering: Its services include

 

 

1. Transaction Processing Services

 

2. Human Resources Services

 

3. Management Services

 

4. Other Services

 

Promoters of Reliable Data Services India Limited: Mr. Sanjay Kumar Pathak, Mr. Rakesh Jha, Mr. Sandeep Kumar Jha, Mr. Sunil Kumar Rai and Mr. Anil Kumar Jha are the promoter Reliable Data Services Limited

 

Customer segment: Its client includes Standard Chartered Bank, Deutsche Bank, HSBC, HDFC Bank Ltd, ICICI Bank, Axis Bank, Citibank and Yes Bank etc.

 

Objects of the Issue: The objects of the Offer is to:-
-     To meet  Working Capital Requirement
-     Pre-payment of Loan
-     To meet Capital Expenditure
-     To meet General Corporate Purpose
-     To Meet the Issue Expenses

 

Company Financials:

 

Reliable Data Services' financial performance (in INR crore)

   

FY2013

FY2014

FY2015

FY2016

FY2017

Total Assets

 

1.53

13.72

14.81

15.81

17.98

Total revenue

 

13.6

14.8

19.0

19.0

20.5

Total expenses

 

11.9

13.0

17.0

17.5

18.9

Profit after tax

 

1.1

1.2

1.4

1.0

1.0

 

 

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