Time to reset economy

Get App

Time to reset economy

you are here: HomeNewsBusinessIPO
Last Updated : Aug 01, 2017 02:29 PM IST | Source: CNBC-TV18

52% of SIS Group's revenue comes from Australia, says Group MD

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.

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.

Close

"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.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Jul 31, 2017 02:42 pm
Sections
Follow us on