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Service Care Limited IPO Review

Service Care Limited IPO was engaged in providing services like managing workspaces and overseeing workforces for businesses in various industries. The company was established to provide workspace administration services and workforce administration services across various industries. With more than 23 years of experience and a widespread presence in the market, the company has built a strong reputation among its customers and partners throughout the country.

The Workspace Administration Services vertical is dedicated to delivering expert facility management services. Whether it's hard services, soft services, guest house management, or other business administrative services, we provide professional solutions.

Service Care Limited Products and Services

The company boasts a workforce of more than 5,800 individuals, comprising both permanent and contractual employees. Its client base spans across multiple industries including manufacturing, engineering, infrastructure, information technology, government and banking, healthcare, staffing and recruitment, food, education, and FMCG.

Their achievements are the result of a winning combination: highly trained teams, environmentally friendly and high-quality cleaning materials, cutting-edge machinery, and meticulous process controls. Additionally, their compliance with government regulations and possession of ISO certifications validates their credibility, guaranteeing the provision of outstanding services.

Financial Overview

In a market characterized by intense competition and numerous participants, the company faces a challenging and fragmented landscape. The unexpected surge in its financial performance during the 10-month period of FY23 has sparked doubts and worries about its long-term sustainability. With such significant earnings, it appears that the market has fully reflected the impact of the issue on the price. It is wise to refrain from participating in this aggressively priced offering as there are no negative consequences in choosing to skip it.