Reliable Data Services Ltd

reliable data services

About the Company:

Company is engaged in providing customised services to various Banks, financial institutions and other manufacturing industries in the field of management services, transaction processing services, human resources services.

Company was floated by a group of professionals having business interest in IT enabled services which includes web enabled services, remote services.

Company provides a comprehensive range of services like management services, transaction processing services & Human Resources Services

Client lists includes various banks, insurance companies, financial institutions, financial service companies, telecom companies etc.

Company has entered into agreement with various leading MNCs and Private Sector Banks like Standard Chartered Bank,Deutsche Bank, HSBC, HDFC Bank Ltd, ICICI Bank, Axis Bank, Citibank and Yes Bank for providing various support services.

Few Public Sector Banks were also added to their client list such as IDBI, Union Bank and Corporation Bank.

Company’s Client List Includes:

  • Standard Chartered Bank.
  • ICICI Bank.
  • HSBC Bank.
  • Axis Bank.
  • Yes Bank.
  • Deutche Bank.
  • DBS Bank.
  • Kotak Mahindra Bank.
  • HDFC Bank.
  • Citi Bank.


Services Provided by the Company:

1.Transaction Processing Services:

  • Pick-up and processing cheques / Drafts / Documents from clients.
  • Back office support for Bank clearances.
  • Coordinating Funds activity between banks and their clients.

2.Management Services:

  • Business Consulting Services.
  • Designing of Accounting and Office records.
  • Designing and installing system for budgetary control, fund management and costing.

3.Human Resource Services:

  • Recruitment solutions including placement services.
  • Payroll Processing.
  • Outsourcing solutions related to manpower.
  • Provident fund and ESI related services.


Management Team:

  1. Mr. Sanjay Kumar Pathak (Designation: Chairman cum Managing Director)
  2. Mr. Rakesh Jha (Designation: Whole Time Director)
  3. Mr. Sandeep Kumar Jha (Designation: Whole Time Director)


Objectives of the Issue:

  • Working Capital Requirement.
  • Pre-payment of Loan.
  • To meet Capital Expenditure.
  • General Corporate Purpose.
  • To Meet the Issue Expenses.


Fund Utilisation:

Particulars Amount (Rs. in Lakhs/Crores)
Working Capital requirements 500.00
Prepayment of Loan 596.07
Capital Expenditure 248.48
General Corporate Expenses 97.45
Net Proceeds 1442.00


Promoters Stake Pre & Post Issue:

Shareholder Name Pre Issue Stake (%) Post Issue Stake
Sandeep Kumar Jha 18.75 13.08
Rakesh Jha 22.25 15.52
Sanjay Kumar Pathak 22.70 15.84
Sunil Kumar Rai 19.85 13.85
Anil Kumar Jha 16.45 11.48
Promoter Group              0.00            0.00
Total 100% 69.77%


Promoters Average Acquisition Cost:

Name of the Promoter No. of Shares held Average Acquisition Cost (in Rs.)
Sandeep Kumar Jha 11,24,970 0.60
Rakesh Jha 13,34,970 0.60
Sunil Kumar Rai 11,90,970 0.60
Sanjay Kumar Pathak 13,61,970 0.60
Anil Kumar Jha 9,87,000 0.60


Financials of the Company:

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17
Revenue 14.34 20.49 24.71 26.39 34.60
Net Profit 1.02 1.48 1.72 1.29 1.62


IPO Details:

Details Info
Issue Opens on 27th September 2017
Issue Closes on:. 3rd October 2017
Issue Price Rs.57
Face Value Rs.10
Minimum Lot 2000
Minimum Investment Rs.1,14,000
Issue Constitutes 30.23%
Issue Size Rs.14.82cr
Market Cap Rs.49.02 cr
Listing at NSE SME
Equity Shares Offered 26,00,000
Equity Shares Prior 60,00,000
Equity Shares after the issue 86,00,000


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
2.71 21.07 15.16% 29.68


Markets Guruji Opinion:

IPO View Apply For: Expected listing Gain:
Subscribe Listing Gains 15%