Dynamic Services & Security Limited IPO

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The Company provides Manpower solutions mainly cater to Mechanized Cleaning, Catering, Housekeeping, Conservancy Service, Security Service, Catering Services, Contractual services, Supplying Goods & Services, Logistics, and other related services to Indian Railway and other Government, Semi-Government & different Corporate Sectors spread across the country.

They have a team of young, energetic & self-motivated persons with extensive experience in Cleaning, Housekeeping, Catering, Security Service & Man Power Supply and with their deep understanding of the business and experience coupled with strong commitment leverages the tremendous opportunity in the private & Govt. sectors dominated by unorganized and fragmented players. They focus on operating models that integrate functions of customers, suppliers and end users.

Dynamic is an ISO 9001:2015 (Quality Management System) and ISO 45001:2018 (Occupational Health & Safety Management System) certified organisation. LMS Certifications Private Limited has independently assessed and found company compliant with the requirement of ISO certification for providing Mechanized Cleaning, Conservancy Services, House Keeping, Security Services and Manpower Supply.

1. Organizational stability along with management expertise: Our proprietorship firms, which has been taken over by the issuer company have an established track record of over 13 years, indicates our ability to overcome any challenges in economic and business cycles and our able leadership with a competent team makes lot of difference and put use ahead and have emerged as a most preferred services provider to our clientele. Team Work is the core in our corporate set-up wherein including our promoters along with a talent leadership team drives our overall business thus ensures quality and timely services to our clients.

2. Smooth flow of operations: Over the years, we have developed a wide clientele base and this was done with our valued based relationship approach. Our existing relationships help us to get repeat businesses from our customers. This has helped us to maintain a long-term working relationship with our customers and improve our customer retention strategy. We believe that our existing relationship with our clients represents a competitive advantage in gaining new clients and increasing our business.

3. Well-defined organizational structure: The company has a qualified and experienced management team empowered to take timely decision which makes the operations of our business more smoother and ensures efficiency in all aspects of our operations. Our management and leadership team is drawn from the best in the industry. We believe that our senior management has pioneered our growth and fostered a culture of innovation, entrepreneurship and teamwork within our organization. We believe that a motivated and empowered employee base is key to our competitive advantage. Our Human Resources Policies are aimed towards recruiting talented employees, facilitating their integration into our organization culture and encouraging the development of their skills and expertise for becoming the next generation leaders. We believe that our experience, knowledge and human resources will enable us to drive the business in a successful and profitable manner.

4. Existing Supplier Relationship: Our existing supplier relationship protects the business with terms of supply and pricing of the products and services, the quality of the products and services offered etc. We, being a small and medium size organization, rely on personal relationships with our suppliers. Further we also leverage the past experience of our management in maintaining effective supplier relationship ensuring uninterrupted supply chain management.

5. Comprehensive solution for manpower requirement: We are providing comprehensive end-to-end customized manpower solutions to our clients. Our Company focuses on attaining highest level of customer satisfaction.

6. Quality & ISO Certifications: Our ISO certificates shows our good quality of services and good financial performance and strength.

Objects of the Dynamic Services & Security Limited IPO:

The Issue includes a fresh Issue of 47,32,000 Equity Shares of the Company at an Issue Price of ₹51/- per Equity Share aggregating to ₹2413.32 Lakhs. The Objects of the Issue are: i. To meet the working capital requirements of the company ii. To meet the Issue Expenses iii. General Corporate Purposes

Dynamic Services & Security Limited IPO Details:

Open Date: Sep 30 2021
Close Date: Oct 05 2021
Total Shares: 4,732,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue
Issue Size: 24.13 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 51 Per Equity Share
Listing At: NSE Emerge
Listing Date: Oct 13 2021

Promoters And Management:

i. Mr. Jugal Kishore Bhagat, aged 45 years, is the Founder Promoter and Managing Director of the Company. He has completed his Graduation in Commerce in the year 1996. He started his career after completing his graduation in a logistics company for 3 years dealing in transportation and clearing of goods. In 1999, he decided to start his own business as a Vendor for transporting and supply goods. He also started supplying food and commodities to the Indian Navy and the Indian Army. Gradually he also started supplying manpower to the Indian Navy and the Indian Army. ii. Mrs. Rekha Bhagat, aged about 37 years is the Founder Promoter, and Director of the company. She is the wife of Mr. Jugal Kishore Bhagat, the Managing Director. She has completed her graduation with a Bachelor of Arts from North Bengal University in the year 2006. She started her career in the year 2010, and started her own business as proprietor of Proprietorship firm named M/s. Dynamic Enterprise as a Logistics solution provider. Having more than 11 years of rich experience in the logistics industry, she has executed various contracts successfully. Due to her preoccupancy, her designation has been changed from Executive director to non-Executive Director with effect from September 01, 2021, but her rich experience will play a key role in providing guidance and direction for the growth of the Company. iii. Mrs. Rekha Devi Bhagat, aged about 41 years is the Promoter and Executive Director of the company. She is the sister-in-law of Mr. Jugal Kishore Bhagat, the Managing Director. She has completed her graduation in Arts in the year 2001. She started her career in the year 2012, and started her own business as proprietor of Proprietorship firm named M/s. Global Services as a Logistics solution provider. Having more than 9 years of rich experience in the logistics industry, she has finalized and executed various contracts successfully. She has been appointed to the Board as Director since 26/07/2019.

Financials of Dynamic Services & Security Limited IPO:

Particulars (in Lakhs) Mar 21 Mar 20
Revenue from operations 7003 46
Cost of Materials Consumed 5509 36
Change in Inventories 70 -
Employee Benefit Expense 884 3
Other expenses 304 3.9
Operating Profit 236 3.1
OPM% 3.37% 6.74%
Other Income 92 -
Finance costs 299 -
Depreciation and amortisation 28 15,717
Profit before tax 140.00 2.00
Profit for the year 103 1.5
* The extraordinary rise in the Revenue and PAT is due to amalgamation of three separates companies of the same group.

Comparison With Peers:

As per DRHP, Dynamic Service and Security has no listed peers in the market to compare with..

Recommendation on Dynamic Services & Security Limited IPO:

Review and Recommendation of Dynamic Services and Security Limited IPO by InvestorZone is 3/10 1. The Company provides Manpower solutions mainly cater to Mechanized Cleaning, Catering, Housekeeping, Conservancy Service, Security Service, Catering Services, Contractual services, Supplying Goods & Services, Logistics, and other related services to Indian Railway and other Government, Semi-Government & different Corporate Sectors spread across the country. 2. Margins have gone down from 6% to 3% from FY20 to FY21 after amalgamation of businesses. 3. Asking P/E of 66x is beyond the imagination.

Lead Manager of Dynamic Services & Security Limited IPO:

  1. Finshore Management Services Limited

Registrar of Dynamic Services & Security Limited IPO:

  1. Cameo Corporate Services Limited

Company Address:

Dynamic Services & Security Limited 375, Dakshindari Road, Kolkata - 700048 Phone: 033 – 4008 7463 Email: cs@dynamicservicesandsecurity.com Websitehttp://www.dynamicservicesandsecurity.com/

Discussion on Dynamic Services & Security Limited IPO:

2 Comments

    Total Outstanding Shares before IPO = 87,86,192

    New Shares issued in IPO = 47,32,000

    Total Shares after IPO = 13,518,192

    PAT = 103,00,000

    EPS = 0.76 per share…

    P/E = 66x..

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