SecUR Cre­den­tials IPO opens to­mor­row

The Hindu Business Line - - MARKET WATCH -

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.

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