After record success of Happiest Minds and Route Mobile IPO, SecMark Consultancy will next hit the primary market. Here is all you need to know about the IPO:
About the company:
It is a financial services entity and has augmented its online Compliance Management software for intermediaries and also grew an online exam portal for National Centre for Financial Education (NCFE). Also firm has set-up, operationalised and transferred contracts for building intermediaries business for banks including National Centre for Financial Education (NCFE).
The firm has built Order Instruction Management System (OIMS) for order management of Intermediaries and also enabled operations, risk management and process reviews of leading entities such as Aditya Birla Money, Edelweiss Broking, Paytm Money, etc.
The company's clientele spans across brokerages, AIFs, stock brokers, insurers, advisors, NBFCs and more.
Through the issue which will open on September 18, 2020, the company plans to mop up Rs. 15 crore. The public offer comprises a fresh issue of 11.14 lakh shares (27 percent equity). The price decided for the IPO is Rs 135 per share. The issue will close of September 23, 2020.
The company is looking to raise money for the development of software, infra, and strategic acquisition in technology space. It would also use the funds to develop a larger team, acquire assets, and for other issue expenses.
Financials :For FY20, the company's PAT rose to Rs 116 lakh versus Rs 97 lakh in the previous year. The company's turnover was at Rs 575 lakh in FY20 as against Rs 390 lakhs in FY19.