Servify IPO
Servify IPO is associated with Service Lee Technologies Private Limited (Servify), a device lifecycle management platform that provides device protection plans, extended warranties, trade-ins, buybacks, upgrade programs and after-sales service solutions f
Servify IPO Details
Servify IPO is the proposed public offering of Service Lee Technologies Private Limited, a Mumbai-based device lifecycle management company operating across device protection, warranty management, diagnostics, trade-ins, buybacks and upgrade solutions. The company works with leading smartphone, electronics and consumer device brands and has expanded its presence across multiple international markets including North America, Europe, the Middle East and Asia. Recent media reports indicate that Servify is preparing for an IPO, but a DRHP containing final issue details has not yet been publicly filed.
Servify IPO Timeline (Tentative)
Servify IPO does not currently have an official IPO opening or closing date. While media reports indicate that the company is preparing for a public offering and may file offer documents with SEBI, the company has not yet announced an IPO schedule, price band, allotment timeline or listing date. Any future IPO dates will become available after the publication of the DRHP and subsequent offer documents.
| Event | Tentative Date |
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Servify IPO Lot Size
The Servify IPO lot size is currently not available because the company has not announced a price band, minimum bid quantity or application structure. These details will be disclosed in the RHP once the IPO process formally begins.
| Application | Lots | Shares | Amount (₹) |
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| Retail (Min) | |||
| Retail (Max) | |||
| S-HNI (Min) | |||
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| B-HNI (Min) |
Servify IPO Subscription
Servify IPO subscription status is currently unavailable because the IPO has not yet opened for subscription. Category-wise subscription data for QIB, NII and Retail investors will be updated after the IPO opens for bidding.
| Category | Subscription (times) |
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| QIB | |
| NII | |
| RII | |
| Total |
About Servify
Servify is a technology-driven device lifecycle management platform founded in 2015 by Sreevathsa Prabhakar. The company provides a range of post-purchase services including device protection plans, extended warranties, accidental damage protection, device exchange, trade-in programs, upgrade programs and buyback solutions. Its services are offered through partnerships with leading smartphone, electronics and consumer-device manufacturers.
The company initially focused on the Indian market before expanding globally. Today, Servify operates across multiple countries and supports major brands through white-labelled lifecycle management programs. The platform enables brands, retailers, telecom operators and financial institutions to deliver after-sales support and protection services to customers through a unified technology ecosystem.
Servify has built its business around device ownership management. Its offerings cover the entire lifecycle of a device, from purchase protection and warranty management to diagnostics, repairs, upgrades and eventual trade-ins. The company has developed proprietary technology, including remote diagnostics and automation tools, to improve customer experience and operational efficiency.
International operations have become a significant contributor to revenue, with the United States emerging as one of the company's largest markets. Servify partners with global brands and service providers to deliver warranty and protection programs across smartphones, consumer electronics, appliances and other connected devices.
Strengths
- Leading device lifecycle management platform with global operations.
- Strong relationships with leading consumer electronics and smartphone brands.
- Diversified revenue streams through protection plans, platform licensing and after-sales services.
- Growing international business presence.
- Technology-driven business model with proprietary diagnostics and automation capabilities.
- Scalable asset-light platform model.
- Large installed customer base across multiple countries.
Risks to Consider
- Dependence on partnerships with major OEMs and electronics brands.
- Competitive device protection and warranty-management industry.
- Regulatory and compliance risks across multiple jurisdictions.
- Revenue concentration in consumer electronics and smartphone ecosystems.
- International expansion may increase operational complexity.
- IPO details remain uncertain until official filing documents become available.
- Future valuation and profitability metrics will need evaluation after DRHP publication.
Servify Financials (₹ Cr)
Servify reported operating revenue of approximately ₹611 crore in FY2023 and ₹754-759 crore in FY2024. The company significantly reduced its net loss from approximately ₹229 crore in FY2023 to about ₹94 crore in FY2024. Public reports also indicate that revenue crossed ₹1,000 crore during FY2025, although audited FY2025 financial statements are not yet publicly available.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2023 | 611.00 | -229.10 | ||
| FY2024 | 754.00 | -93.81 | ||
| FY2025 |
Objects of the Issue
The exact objects of the Servify IPO are not yet publicly available because the company has not released a DRHP containing final issue details. Based on media reports and the company's growth strategy, fresh issue proceeds may be used for expansion, technology development, international growth initiatives, acquisitions and general corporate purposes. The company has been actively expanding its global footprint and strengthening its technology platform. Reports also suggest Servify has explored acquisitions to broaden its service portfolio ahead of a potential public listing. The company may utilise IPO proceeds for:
- Expansion into new international markets.
- Strategic acquisitions and investments.
- Technology platform enhancement.
- Product development and innovation.
- Working capital requirements.
- General corporate purposes.
Promoters, Lead Managers & Registrar
Servify has not yet filed a public DRHP containing final IPO intermediaries. Media reports indicate that Kotak Investment Bank has been associated with the company's IPO preparation process. The complete list of Book Running Lead Managers, registrar details and other offer-related intermediaries will be available after official IPO documents are filed.
Promoters
Lead Managers (BRLM)
Servify IPO Review
Servify has established itself as one of the prominent device lifecycle management companies operating from India with a significant global footprint. The company's focus on device protection, warranty management, trade-ins and upgrade programs positions it in a growing segment driven by increasing smartphone and electronics adoption worldwide.
Financial performance has shown improvement in recent years. Publicly reported FY24 revenue was approximately ₹754-759 crore, while losses reduced significantly compared with FY23. Various reports also indicate that the company crossed the ₹1,000 crore revenue milestone during FY25 and achieved EBITDA profitability.
Investors should evaluate the future DRHP carefully once filed. Key factors to monitor include profitability trends, cash flows, valuation, use of proceeds, dependence on major partners and international growth strategy. Since no final IPO terms are available, investment decisions should be based on the official offer documents when released.
How to Apply
How to Apply
Servify IPO applications cannot currently be made because there is no active public issue open for subscription. Once the company files its offer documents and launches the IPO, investors can apply through ASBA or UPI using eligible stockbrokers and banking platforms.
Through UPI
- Log in to your stockbroker app/website.
- Go to the IPO section.
- Select Servify IPO.
- Enter the number of lots you want to apply for.
- Select the bid price.
- Enter your valid UPI ID.
- Submit the IPO application.
- Open your UPI app when the mandate request arrives.
- Approve the mandate using your UPI PIN.
- The application amount will be blocked in your bank account. If shares are allotted, the required amount will be debited; otherwise, the blocked amount will be released.
Prospectus & Documents
Servify has not yet publicly released a DRHP, RHP or Prospectus containing final IPO details. Investors can monitor the company's official website and SEBI filings for future offer documents and regulatory disclosures. Reports suggest that the company has been preparing for a public offering and evaluating the timing of its filing.
Last updated Sep 30, 2026.