SecUR Credentials IPO opens tomorrow
SecUR Credentials will hit the market with a ₹30-crore initial public offer on November 1. The shares would be offered at a price of ₹205 apiece, according to a release.
The Mumbai-based employee background screening firm would be selling 14.67 lakh shares and the offer is expected to be worth a little over ₹30 crore.
The IPO will open on Wednesday and close on Friday.
“The net proceeds of the issue will be utilised towards meeting additional working capital requirements, business expansion, purchase of Symphony 3.0 software, marketing and brand building and general corporate purposes,” the release said.