Stalwart People Services India Files Draft IPO Papers With SEBI: Check Key Issue Details

Stalwart People Services India Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on June 29, 2026, for its proposed 100% book-built initial public offering (IPO).

As per the DRHP, the proposed IPO comprises a fresh issue of up to ₹150 crore and an Offer for Sale (OFS) of up to 52.64 lakh shares by the promoters Christopher Arvinth and Caroline Mendez.

Stalwart might also consider a pre-IPO placement of up to ₹225 crore before filing the Red Herring Prospectus (RHP). If the pre-IPO placement is completed, the amount raised through it will be reduced from the fresh issue. However, the pre-IPO placement, if undertaken, will not exceed 20% of the size of the fresh issue.

Specific details of the price band, lot size, Anchor Investor bidding date, and public subscription opening and closing dates are yet to be announced.

Stalwart People Services India IPO - Issue Details

• Issue Type: Book Building IPO (Fresh Issue + OFS)
• Total Issue Size: To be announced
• Fresh Issue: Up to ₹150 crore
• Offer for Sale (OFS): Up to 52.64 lakh equity shares
• Face Value: ₹5 per equity share
• Price Band: To be announced
• Lot Size: To be announced
• Listing: BSE, NSE
• Book Building Lead Manager: Bajaj Capital Securities Limited
• Registrar: KFin Technologies Limited

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Utilisation of IPO Proceeds

The Company proposes to utilise the net proceeds from the Fresh Issue towards the following purposes:

• Funding the working capital requirements of the Company.
• Pre-payment or re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company.
• General corporate purposes.

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About Stalwart People Services India Limited

Incorporated in 2003, Stalwart People Services India Limited is a business services provider offering integrated security, facilities management, and staffing solutions to corporate clients. Its services include manned guarding, AI-enabled video surveillance through its proprietary Intelisenz platform, housekeeping, technical facility management, and workforce solutions, helping businesses streamline operations while focusing on their core activities.

As of April 30, 2026, the company served over 1,099 clients across 2,752 locations in 23 states, three Union Territories, and two Middle Eastern countries, supported by a workforce of 25,070 personnel. It caters to more than 15 industries, including banking, healthcare, aviation, IT, logistics, retail, education, infrastructure, and quick commerce. Stalwart’s clients include Yes Bank, G. Narayanamma Institute of Technology and Science (GNITS), Zepto, Century Panels and PVR INOX.

Key Financial Highlights 

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