ISSPL Ltd. IPO Details
ISSPL was incorporated on March 11, 2014. The company provides testing, inspection and certification (TIC) and related technical services to clients across various industries in India and overseas. Its services help customers meet regulatory, technical, safety, quality and environmental requirements
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 2.5 M | - | - | ₹0 | DRHP DOC |
ISSPL issue details
ISSPL has 2.5 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
ISSPL IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | BSE |
ISSPL NUMBER OF SHARES ON OFFER
ISSPL FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 255.2 | 19.5 | 1.2 | -3.4 | 12.0% |
| FY25 | 208.2 | 18.5 | 7.0 | 2.9 | 14.5% |
| FY24 | 167.9 | 10.5 | 1.6 | -0.9 | 11.2% |
ISSPL INFORMATION ON IPO ISSUE
About ISSPL
ISSPL was incorporated on March 11, 2014. The company provides testing, inspection and certification (TIC) and related technical services to clients across various industries in India and overseas. Its services help customers meet regulatory, technical, safety, quality and environmental requirements
Object of the Issue
- Funding capital expenditure towards construction of a greenfield laboratory building at the existing geological and metallurgical laboratories (“GML”) campus, Bengaluru
- Funding capital expenditure toward establishment of a solar PV module testing laboratory
- Funding capital expenditure toward establishment of an electrical home appliance testing laboratory
- Funding capital expenditure towards scope extension and technical upgradation of the existing GML laboratory
- Funding capital expenditure towards upgradation / expansion in vivil non-destructive testing (CNDT) division
- Funding capital expenditure towards upgradation / expansion in advanced non-destructive testing (ANDT) division
- Repayment of outstanding loans
- General corporate purpose
ISSPL - PROMOTERS
| Name |
|---|
| ISSPL Services Private Limited |
ISSPL - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Arun Sharma | Chairman & Non-Executive Director |
| Vinay Sudhakar Kshirsagar | Managing Director |
| Gautam Chatterjee | Non-Executive Independent Director |
| Lekha Kumar | Non-Executive Independent Director |
| Hrishikesh Mangesh Joshi | Non-Executive Independent Director |
| Ramamirtham Kannan | Non-Executive Director |
| Subramanian Priya | Non-Executive Director |
ISSPL Book Running Lead Manager
Arihant Capital Markets Limited
mbd@arihantcapital.com
ISSPL Registrar to the Offer
MUFG Intime India Private Limited
isspl.ipo@in.mpms.mufg.com
ISSPL Strengths
Diversified client base
The company serves a diversified client base comprising public sector undertakings, multinational corporations, Indian MSMEs, government departments, private firms and individuals across industries and locations. This diversity reduces dependence on any single sector, geography or customer category and supports a steady and balanced revenue stream
Diversified service portfolio
The company provides inspection, verification, auditing, testing, training and certification services across diverse industrial sectors, offering clients integrated solutions across the project lifecycle. Its complementary service portfolio, including design verification, transaction advisory, project management consultancy, EPC and non-destructive testing, helps strengthen client relationships and support customer retention and expansion
Training & development
The company focuses on continuous learning and development by providing employees with internal and external training to upgrade their technical, operational, safety and compliance skills. These initiatives help employees stay updated with industry advancements, improve operational efficiency and service quality, strengthen workplace safety and meet evolving client and regulatory requirements
ISSPL Risks
Competition
The company operates in a highly competitive and fragmented industry, facing competition from unorganised players and SME vendors that may offer similar services at lower prices due to lower overheads and operating costs. Intense price competition or inability to differentiate on quality, capabilities and execution track record could reduce contract values, margins, client retention, market opportunities and adversely affect its business and financial performance
Exposure across sectors
The company provides testing, inspection, certification and related services across diverse sectors including power, water, oil and gas, metals, infrastructure, banking and training, making its business dependent on their growth and investment cycles. Sector-specific factors such as policy changes, funding constraints, commodity prices, technology and project delays could reduce demand for its services and adversely affect its business and financial performance
Service quality risks
The company’s business depends on consistently maintaining the quality, technical competence and turnaround time of its testing, inspection, certification and laboratory services, while effectively addressing client complaints. Any service deficiencies, failure to meet client expectations or unresolved complaints could result in client loss, reduced repeat business, contractual claims, reputational damage and adverse effects on its business and financial performance
IPO FAQs
The promoter of the company is ISSPL Services Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.