BD Security files DRHP on NSE Emerge for IPO

BD Security Limited (BDS), a prominent provider of security services and Telecom O&M, on Thursday, filed draft papers to raise funds via initial public offering (IPO).

The company has submitted its Draft Red Herring Prospectus to NSE Emerge as part of the IPO process. BDS plans to issue 44,56,000 new equity shares, each with a face value of ₹10.

As the company progresses with its IPO plans, the funds raised will be allocated to meet its working capital requirements and for general corporate purposes. This capital will help support the company’s strategic goals, enhance its competitive edge, and foster growth.

For the period ending March 31, 2024, the company reported revenues of ₹ 11,859.20 Lakhs, with an EBITDA of ₹ 1,424.69 Lakhs and a PAT of ₹ 801.87 Lakhs.

Beeline Capital Advisors Private Limited has been appointed as the Book Running Lead Manager for the issue, while Skyline Financial Services Private Limited will act as the Registrar for the issue.

About the company

BD Security Limited, established in 2006, is one of the leading providers of security and operations & maintenance services in India. With over 17 years of industry experience, BD Security offers comprehensive security solutions, including manned guarding and electronic surveillance, serving over 250 clients across sectors such as banking, telecom, healthcare, and government.

The company has also diversified into O&M services for the telecommunications sector, providing critical support in fibre cable installation, network troubleshooting, and equipment maintenance. BD Security operates across regions like Jammu and Kashmir, Punjab, and Tamil Nadu, employing over 5,000 personnel as of March 2024.

Certified with multiple ISO standards, BD Security is recognized for its commitment to quality, safety and serviceexcellence.