New Delhi, Mar 29 (Reporter) Cash logistics firm SIS Cash Service Ltd has filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to mop up funds through an initial public offering (IPO). The IPO with a face value of Rs 10 per equity share is a mix of fresh issue and an offer for sale. The offer for sale consists of 1,795,346 equity shares by SIS Limited and 1,919,804 equity shares by SMC Integrated Facility Management Solutions Limited. The proceeds from the fresh issue to the extent of Rs 37.59 crore will be used for funding of capital expenditure requirements for the purchase of cash vehicles and fabrication of the secured vehicle, Rs 29.81 crore for pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the company and general corporate purposes. SIS Cash Services Ltd has been a key provider of cash logistics solutions in India for 13 years. Its revenue from operations has increased by 16.72% from Rs 543.03 crore in fiscal 2023 to Rs 633.83 crore in fiscal 2024. Profit after tax grew by 166.04%, from Rs 18.85 crore in fiscal 2023 to Rs 50.16 crore in fiscal 2024, as per draft papers. For the nine months ended December 31, 2024, revenue from operations of the company stood at Rs 529.86 crore and profit after tax stood at Rs 38.74 crore...////...