Sis Cash Services IPO Date, Review, Price and Key Information

Sis Cash Services Limited IPO is fully book build issue and total IPO size is ₹100.00 crores. The share offering includes offer for sales and a fresh issue worth ₹100 crores.

The dates for the Sis Cash Services Limited IPO have not been announced yet. The allotment process is expected to be finalized by [.].

The Sis Cash Services Limited IPO is scheduled to list on BSE, NSE, with a listing date of [.]. The price band for the Sis Cash Services Limited IPO has not been announced yet.

Registrar for this IPO is Mufg Intime India Private Limited and lead managers for Sis Cash Services Limited IPO are Dam Capital Advisors Limited.

IPO Schedule

IPO Open Date	-
IPO Close Date	-
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	-
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹10 Per Equity Share
Total Issue Size	3,715,150 Shares + ₹100 Crores
Fresh Issue	₹100.00 Crores
OFS Issue	3,715,150 Shares
Issue Type	Fresh Issue and Offer for Sale
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	75%
Retail	10%
NII/HNI	15%

About Sis Cash Services Limited Company

SIS Cash Services Limited, a leading cash logistics provider in India, distinguishes itself through strong financial metrics and strategic partnerships. For Fiscal 2024, Brink’s India led in Return on Capital Employed (RoCE) at 86.23%, with Radiant Cash Management Services at 29.81% and SIS Cash Services Limited following with 27.59%. SIS Cash Services Limited demonstrates efficient cash management with a high operating cash flow to EBITDA ratio of 111.85% in Fiscal 2024.

The company has been successful in lowering its debt burden. SIS Cash Services Limited's Net Debt to EBITDA stood at 1.14 as of March 2024, showing a decreasing trend. Furthermore, its Net Debt to Equity ratio has decreased to 0.79 as of March 2024. While CMS Info Systems had the highest capital expenditure at ₹108.376 crore in Fiscal 2024, SIS Cash Services Limited invested ₹59.439 crore in the same period. CMS Info Systems boasts the highest net worth at ₹1,946.759 crore.

Finally, SIS Cash Services Limited demonstrates efficient operations with a Day Sales Outstanding (DSO) of 77 days and serves 134 clients as of Fiscal 2024. Benefiting from its partnership with the global Prosegur Group, it combines domestic expertise with international best practices. The company also holds licenses under the Private Security Agencies (Regulation) Act, 2005, ensuring comprehensive compliance.

Sis Cash Services Limited Financial Details

Period Ended	December 31 2024	March 31 2024	March 31 2023	March 31 2022
Assets	710.82	648.92	599.94	518.58
Revenue	529.86	633.83	543.03	392.59
Profit After Tax	38.74	50.16	18.85	4.75
Net Worth	193.39	154.52	104.63	85.25
Reserves and Surplus	173.57	134.71	84.81	65.43
Total Borrowing	191.60	205.93	238.56	220.14

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
25.32	38.71	77.99		38.71%	27.59%

Offer Objectives

The Offer consists of a fresh issue of equity shares with a face value of ₹10, totaling up to ₹10 crore, and an Offer for Sale of up to 3,715,150 equity shares. The Selling Shareholders will receive the Offer for Sale proceeds after deducting offer-related expenses and taxes.

Offer for Sale:

SIS Limited: Offering up to 1,795,346 Equity Shares.
SMC Integrated Facility Management Solutions Limited: Offering up to 1,919,804 Equity Shares.

The Company will not receive any proceeds from the Offer for Sale.

Fresh Issue:

The net proceeds from the Fresh Issue will be utilized for:

Funding capital expenditure requirements for cash vehicles and secured vehicle fabrication.
Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings.
General corporate purposes.

The gross proceeds from the fresh issue are estimated at ₹10 crore, from which offer-related expenses will be deducted to arrive at the net proceeds. It is proposed to deploy ₹37.589 crore towards purchase of cash vehicles and fabrication of secured vehicles. Additionally, ₹29.807 crore is planned for pre-payment or scheduled repayment of outstanding borrowings.