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Moneyview IPO Details

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 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

IPO DRHP Status

Description	Date
Filed with SEBI/Exchange	Mon, Jun 29, 2026

Issue Reservation

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

About Stalwart People Services India Ltd.

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

Integrated provider of security, facilities management, and staffing services.
Strong client retention with a diversified customer base across 15+ industries.
Proprietary AI-enabled Intelisenz platform for intelligent surveillance and analytics.
Established presence across India and the UAE.
Asset-light business model with scalable operations.
Experienced management team with over two decades of industry expertise.
Large workforce enabling nationwide service delivery.
Strong operational track record supported by technology-driven solutions.

Company Financials (Restated Consolidated)

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

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IPO Objects of the Issue

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

Key Performance Indicator (KPI)

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%

Christopher Arvinth and Caroline Mendez.

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000
stalwart.ipo@kfintech.com
Visit Website

IPO Lead Manager(s)

Bajaj Capital Securities Ltd. (Past IPO Performance)

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Stalwart People Services India Ltd. Address

Door No 34

Thiyagaraya Gramani Street, T Nagar

Thygarayanagar

Chennai, Tamil Nadu, 600017

+91 95006 46344
cs@stalwartgroup.com
Visit Website

IPO FAQs

What is the Stalwart People Services India IPO?

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.

How to apply in Stalwart People Services India IPO through Angel One?

Angel One customers can apply online in Stalwart People Services India IPO using UPI as a payment gateway. Angel One customers can apply in Stalwart People Services India IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Stalwart People Services India IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Stalwart People Services India IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

When Stalwart People Services India IPO will open?

The Stalwart People Services India IPO dates are not announced. Please check back again after some time.

What is the lot size of Stalwart People Services India IPO?

Stalwart People Services India IPO lot size and the minimum order quantity is not available at this time. Please check again later.

How to apply for Stalwart People Services India IPO?

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 Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Stalwart People Services India IPO allotment?

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.

When is Stalwart People Services India IPO listing date ?

The Stalwart People Services India IPO listing date is not yet announced. The tentative date of listing is .