Stalwart People Services Files DRHP with SEBI for ₹150 Crore IPO, Promoters to Offload Shares

Stalwart People Services India has taken a major step toward entering the Indian stock market by filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its upcoming Initial Public Offering (IPO). The IPO consists of a fresh issue of shares worth ₹150 crore along with an Offer for Sale (OFS) of 52.64 lakh shares by the company's promoters.

The proposed public issue comes as India's IPO market continues to witness strong activity across multiple sectors. Through the fresh issue, Stalwart aims to strengthen its balance sheet, fund working capital requirements, repay a portion of its existing debt, and support future business expansion. The company also has the option to raise up to ₹22.50 crore through a pre-IPO placement before filing its final Red Herring Prospectus (RHP), which would reduce the size of the fresh issue accordingly.

Operating across security services, AI-powered surveillance, facility management, and staffing solutions, Stalwart People Services has built a diversified presence across India and the Middle East. With over 25,000 employees, more than 1,099 clients, and operations spanning 2,752 locations, the company is positioning itself as an integrated business services provider at a time when demand for outsourced security and facility management solutions continues to grow.

Stalwart People Services IPO: Key Highlights

Particulars	Details
IPO Status	DRHP Filed with SEBI
Fresh Issue Size	₹150 Crore
Offer For Sale (OFS)	52,64,151 Shares
Promoters Selling Shares	Caroline Mendez & Christopher Arvinth
Proposed Listing	NSE & BSE
Book Running Lead Manager	Bajaj Capital Securities
Registrar	KFin Technologies
Pre-IPO Placement	Up to ₹22.50 Crore

IPO Reservation Breakdown

The public issue follows the standard allocation structure for different investor categories.

Category	Allocation
Qualified Institutional Buyers (QIBs)	50%
Non-Institutional Investors (NIIs)	15%
Retail Investors	35%

How Will the IPO Proceeds Be Used?

The company plans to deploy the proceeds from the fresh issue to strengthen its financial position and support future growth initiatives.

Purpose	Details
Working Capital	Funding day-to-day business operations
Debt Repayment	Repayment of certain borrowings
Corporate Purposes	General business expansion and operational requirements

About Stalwart People Services India

Stalwart People Services India provides integrated business support services, including manned security, AI-enabled video surveillance, facility management, and staffing solutions. The company's proprietary AI surveillance platform, Intelisenz, combines artificial intelligence with video analytics to enhance security monitoring and operational efficiency.

With a workforce of 25,070 personnel, the company serves businesses across banking, aviation, healthcare, logistics, retail, education, IT & ITeS, infrastructure, quick commerce, public sector enterprises, and other industries.

Business Segment	Services
Security Services	Manned Guarding
AI Surveillance	Intelisenz AI Video Analytics
Facility Management	Integrated Facility Services
Staffing Solutions	Workforce Management

Business Footprint

Stalwart has established a broad operational network across India while also expanding internationally.

Business Metrics	Figures
Employees	25,070
Clients Served	1,099+
Service Locations	2,752
States Covered	23
Union Territories	3
International Presence	2 Middle Eastern Countries

Key Clients

The company serves a diversified client base across multiple industries.

Sector	Notable Clients
Banking	Yes Bank
Quick Commerce	Zepto
Entertainment	PVR INOX
Education	G. Narayanamma Institute of Technology and Science
Manufacturing	Century Panels

Market Analysis

The filing of Stalwart People Services India's DRHP reflects continued confidence in India's primary market despite global economic uncertainties. Investors have increasingly shown interest in companies operating in essential business services, outsourced workforce management, and technology-enabled security solutions. Rising demand for AI-powered surveillance, facility management, and staffing services across sectors such as banking, logistics, quick commerce, healthcare, and infrastructure is creating long-term growth opportunities for integrated service providers.

The company's diversified client portfolio, technology-driven security platform, nationwide presence, and recurring service contracts provide business stability. At the same time, investors will closely evaluate the company's financial performance, profitability, margins, customer retention, and debt levels before the IPO opens for subscription. Details regarding the IPO price band, issue dates, and valuation are expected after SEBI completes its review of the draft prospectus.

What Investors Should Watch

Key Factor	Why It Matters
SEBI Approval	Determines IPO timeline
Financial Performance	Revenue and profit growth
IPO Valuation	Investor demand
Order Book & Client Retention	Future revenue visibility
AI Expansion	Growth potential in security technology

Key Takeaways

Highlights	Details
IPO Fresh Issue	₹150 Crore
OFS Size	52.64 Lakh Shares
Listing Exchange	NSE & BSE
Employees	25,070
Clients	1,099+
Locations	2,752
Countries Served	India & Middle East
Technology Platform	Intelisenz AI Surveillance

Why is Stalwart People Services launching an IPO?

The company plans to raise capital for working capital requirements, repayment of borrowings, and general corporate purposes.

How much is the fresh issue?

The fresh issue is valued at ₹150 crore.

Who is selling shares in the OFS?

Promoters Caroline Mendez and Christopher Arvinth will sell 52.64 lakh shares through the Offer for Sale.

What services does Stalwart People Services provide?

The company offers manned security services, AI-enabled video surveillance, facility management, and staffing solutions.

Where will the shares be listed?

The company's shares are proposed to be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).