The latest addition to companies hitting the primary market is Security & Intelligence Services India (SIS) that opened today and closes on August 2nd at a price band of Rs 805-815.
The company is a leading provider of private security and facility management services in India and Australia.
In an interview to CNBC-TV18, Rituraj Sinha, Group MD at Security & Intelligence Services India spoke about the issue and the latest happenings in the company.
"Roughly 52 percent of SIS Group's revenue comes from Australia but this is a rapidly changing mix," said Sinha.
He further said that promoters are selling around 1.25 percent of shareholding.
We will continue to hold 75 percent stock post initial public offering (IPO) as well, Sinha added.
SIS maintains very strong market position across three verticals it operates in. It is number two in security services, number two in cash logistics and number four in facility management in India.Watch accompanying video for more details.