SIS shares opened 7.36% higher on the BSE at Rs875 apiece compared to the issue price of Rs815, which was the upper end of the price band of Rs805-815 per share. SIS shares opened 7.36% higher on the BSE at Rs875 apiece compared to the issue price of Rs815, which was the upper end of the price band of Rs805-815 per share. The IPO is a fresh issue of 5.12 million shares, which at the upper end of the price band, will fetch Rs360 crore to the company. At the upper end of the price band, these shareholders are collectively selling shares worth Rs417 crore. SIS, established in 1974, offers security services, electronic security systems, consulting, facility management, cash services which include transfer of cash and valuables, ATM replenishment and recruitment and training services.

Source: Mint August 10, 2017 05:15 UTC