The Surevin IPO date has been confirmed to have started on July 28, 2017 and ended on August 1, 2017.
Using an IPO, Surevin is seeking to raise Rs 3.65 crore. Its price band is set at ₹38 to ₹40 per share. The minimum lot size for an application is 3000 shares. The minimum amount of investment required by retail investors is ₹120,000.
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Bidding Dates
July 28-Aug 1
Price Range
₹38 to ₹40 per share
Face Value
₹10 per share
GMP
₹74.00
Surevin IPO GMP
The Surevin Limited IPO GMP is ₹74.00.
IPO Overview
Surevin IPO is a Rs 3.65 crore book-built issuance. Surevin’s initial public offering (IPO) bid began on July 28, 2017 and ended on August 1, 2017. On August 9, 2017, the shares were listed on the NSE SME. Surevin’s IPO pricing range is set at 38 to 40 cents per share. A lot size of 3000 shares is required for an application. Retail investors must make a minimum investment of $120,000 to participate.
SBSL is currently focusing on outsourcing services such as incoming and outbound calls, software development, and optical fibre cabling for Reliance, Idea, and BSNL. They also provide primary services in industries such as BFSI, government agencies, telecom, technology, and media industries, back office services, HRO services, and training, among others.
Surevin IPO Details
| IPO Date | July 28, 2017 to August 1, 2017 |
| Listing Date | August 9, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹38 to ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 912,000 shares (aggregating up to ₹3.65 Cr) |
| Issue Type | Book-Built Issue IPO |
| Listing At | NSE SME |
Surevin Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹48.00 |
| Low | ₹38.30 |
| High | ₹48.00 |
| Last Trade | ₹40.20 |
Surevin IPO Listing Details
| Listing Date | August 9, 2017 |
| BSE Script Code | |
| NSE Symbol | WEWIN |
| ISIN | INE082W01014 |
| Final Issue Price | ₹40 per share |
Company Profile
Surevin BPO Services Ltd. (SBSL), founded in 2007, provides business process outsourcing services to clients in India. They are a major accredited provider of IT solutions and business services, outsourcing services, digital solutions and marketing, data enrichment and management services, talent development and training programmes, and HR consultancy. Surevin provides inbound and outbound call centre, voice broadcast, and document digitalization services, as well as other outsourcing services, digital solutions and marketing services, and data
enrichment and management services, skill development and training programmes, and human resource consultancy services. They also provide lifecycle management, technology and infrastructure, back office, human resource management, finance and insurance, telecommunications and training, and other services.
Registrar Info
| Name | Sharex Dynamic (India) Pvt Ltd |
| Phone number | +91- 22 – 2851 5606 |
| Email ID | sbsl.ipo@sharexindia.in |
| Website | — |
Contact Details
| Name | Surevin BPO Services Ltd |
| Phone number | +91 0755-4278897 |
| Email ID | cs@surevin.com |
| Website | surevin.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
