Upcoming IPO: BD Security Limited (BDS), a security service provider and telecom O&M has been approved, to start an initial public offering (IPO) for its draft Red Herring Prospects (DRHP) from the National Stock Exchange (NSE) The in-primary approval for it is obtained. ,
Company IPO 44,56,000 consists of a new issue of equity shares, with a marked value of each 10.
It plans to meet its working capital requirements and use the income raised from IPOs for general corporate purposes.
“National Stock Exchange (NSE) It has approved the Red Herring Prospectus Draft of BD Security Limited for its IPO. The company is being made public through an IPO to meet its working capital requirements and for general corporate purposes, ”the company said in a statement.
For Upcoming IPOThe company has appointed Binese Capital Advisors Private Limited as a book-hanging lead manager, while Skyline Financial Services Private Limited will serve as Registrar.
On 17 October 2024, the company filed draft papers to raise funds through the IPO.
About BD Security Limited
BD Security Limited, established in 2006, specializes in providing security services, telecommunications operations and maintenance (O&M) services
The company provides security services to various sectors, including deployment of security personnel, monitoring systems and risk management services. These services meet industries like banking, telecom, hospitality, healthcare and manufacturing. Their services include installation, troubleshooting and network integrity maintenance.
The company provides security services and O&M assignments in many areas across the country including Jammu and Kashmir, Punjab, Himachal Pradesh and Tamil Nadu.
In the quarter ended March 31, 2024, the company reported almost net profit 8 crores. Revenue for this quarter 118.59 crores, while Ebitda was 14.24 crores.
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