Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Stalwart People Services India Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on June 29, 2026 to raise funds through Initial Public Offer (IPO).
Stalwart People Services India Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹150.00 crores and an offer for sale (OFS) of upto 0.53 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Bajaj Capital Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Stalwart People Services India IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹150 Cr) |
| Offer for Sale | 52,64,151 shares of ₹5 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 5,58,00,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Jun 29, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Issue |
Incorporated in November 2003, Stalwart People Services India Limited is an integrated business services company providing security services, facilities management, and staffing solutions to corporate clients across India and the Middle East. Originally incorporated as Stalwart Security Services India Limited, the company changed its name in February 2020 to reflect its diversified service offerings. The company delivers comprehensive business support services, including manned guarding, AI-enabled video surveillance and analytics through its proprietary Intelisenz platform, housekeeping, technical facility management, payroll management, HR outsourcing, and staffing solutions.
The company serves over 1,099 clients across 2,752 locations spanning 23 Indian states, 3 union territories, and 2 Middle Eastern countries, catering to sectors such as banking, aviation, healthcare, IT/ITeS, logistics, retail, education, infrastructure, manufacturing, and quick commerce. Its clientele includes organizations such as Yes Bank, Zepto, PVR INOX, Century Panels, and G. Narayanamma Institute of Technology and Science (GNITS). The company is ISO 9001:2015 and ISO 45001:2018 certified and has received industry recognition, including the Best Security Services Company award and the Ethical Business Partner award.
As of April 30, 2026, the company employed 25,070 personnel, comprising 527 corporate employees, 23,854 on-site personnel, and 689 apprentices under NAPS, supporting its nationwide operations.
Strengths
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 230.89 | 156.65 | 88.92 | 78.09 |
| Total Income | 476.09 | 399.61 | 246.73 | 183.71 |
| Profit After Tax | 22.84 | 16.54 | 14.00 | 9.45 |
| EBITDA | 26.72 | 24.86 | 20.28 | 12.96 |
| NET Worth | 103.22 | 83.86 | 66.80 | 52.76 |
| Reserves and Surplus | 75.32 | 82.96 | 65.90 | 51.86 |
| Total Borrowing | 47.27 | 18.95 | 2.03 | 4.80 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| WeWork India Management Ltd. | Mainboard | ₹3,000.00 Cr | ₹648 | 67.75 | ₹628.65 | -2.99% | ₹742.15 (+2.97%) |
| Dev Accelerator Ltd. | Mainboard | ₹143.35 Cr | ₹61 | 233.25 | ₹64.05 | +5.00% | ₹35.87 (-1.14%) |
| Indiqube Spaces Ltd. | Mainboard | ₹700.00 Cr | ₹237 | null | ₹217.97 | -8.03% | ₹167.31 (+1.31%) |
| Smartworks Coworking Spaces Ltd. | Mainboard | ₹582.56 Cr | ₹407 | null | ₹445.05 | +9.35% | ₹481.10 (-2.69%) |
| PAN HR Solutions Ltd. | SME | ₹17.04 Cr | ₹78 | 8.41 | ₹78.01 | +0.01% | ₹54.02 (-4.99%) |
| Armour Security India Ltd. | SME | ₹26.51 Cr | ₹57 | 17.53 | ₹43.35 | -23.95% | ₹19.00 (+0.00%) |
| Dhara Rail Projects Ltd. | SME | ₹50.20 Cr | ₹126 | 21.43 | ₹157.50 | +25.00% | ₹152.10 (-2.90%) |
| Clear Secured Services Ltd. | SME | ₹85.60 Cr | ₹132 | 23.36 | ₹113.05 | -14.36% | ₹96.80 (-3.20%) |
| Sheel Biotech Ltd. | SME | ₹34.02 Cr | ₹63 | 8.86 | ₹95.55 | +51.67% | ₹71.90 (+1.27%) |
| Happy Square Outsourcing Services Ltd. | SME | ₹24.25 Cr | ₹76 | 10.83 | ₹80.85 | +6.38% | ₹38.30 (-4.96%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital expenditure requirements of the Company | 65.00 |
| 2 | Pre-payment or re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company | 40.00 |
| 3 | General corporate purposes | |
| Total | 105.00 |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 21.79% | 20.64% |
| ROCE | 16.96% | 24.14% |
| Debt/Equity | 0.46 | 0.23 |
| RoNW | 21.79% | 20.64% |
| PAT Margin | 4.80% | 4.14% |
| EBITDA Margin | 5.63% | 6.26% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.96 | |
| Promoter Holding | 99.99% |
Lead Manager Reports
Stalwart People Services India IPO is a main-board IPO of 0 equity shares of the face value of ₹5 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Stalwart People Services India IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Stalwart People Services India IPO using UPI as a payment gateway. Zerodha customers can apply in Stalwart People Services India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Stalwart People Services India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Stalwart People Services India IPO dates are not announced. Please check back again after some time.
Stalwart People Services India IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Stalwart People Services India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Stalwart People Services India IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Stalwart People Services India IPO allotment status.
The Stalwart People Services India IPO listing date is not yet announced. The tentative date of listing is .
