SIS plans to raise nearly Rs 1000 cr via IPO
02/06/2016 14:55
Security and Intelligence Services (India) Limited (SIS), a provider of private security solutions, is gearing up for an IPO of nearly Rs 1000, and has already hired 4 investment banks. Founded in 1940 by Ravi Kishore Sinha, SIS’ IPO could see CX Partners, which had invested Rs 500 crore in 2012, exiting the company. As per the media reports, SIS could appoint Axis Capital, Kotak Investment Banking and ICICI Securities as merchant bankers for the IPO. SIS Group is recognised as one of the leaders in manpower security business in the Asia Pacific with over 100,000 permanent employees, more than 5,000 corporate customers and a turnover of USD 600 million (2015).
02/06/2016 14:55
Security and Intelligence Services (India) Limited (SIS), a provider of private security solutions, is gearing up for an IPO of nearly Rs 1000, and has already hired 4 investment banks. Founded in 1940 by Ravi Kishore Sinha, SIS’ IPO could see CX Partners, which had invested Rs 500 crore in 2012, exiting the company. As per the media reports, SIS could appoint Axis Capital, Kotak Investment Banking and ICICI Securities as merchant bankers for the IPO. SIS Group is recognised as one of the leaders in manpower security business in the Asia Pacific with over 100,000 permanent employees, more than 5,000 corporate customers and a turnover of USD 600 million (2015).
