Servify IPO is a proposed Mainboard public issue of Service Lee Technologies Private Limited, the company behind Servify’s global product lifecycle management and after-sales service platform. Servify was founded in 2015 by Sreevathsa Prabhakar and provides product protection, exchange, affordability, service and claims-related solutions for consumer electronics and other products.
Servify has been preparing for a potential public listing and had earlier indicated plans to file its Draft Red Herring Prospectus (DRHP). In April 2026, the company was reported to have deferred the filing while pursuing acquisitions and other initiatives before approaching the public markets. As of September 30, 2026, the company has not filed a DRHP with SEBI, so the final IPO size, price band, dates, lot size, reservation and other issue details are yet to be officially announced.
Servify operates a technology-enabled product lifecycle management platform that brings together brands, consumers, resellers, service providers and other ecosystem partners. Its offerings include product care plans, exchange programmes, affordability programmes, claims support and after-sales service solutions. The company works with brands including Apple, Samsung, Bose, HP, Panasonic, Amazon and other leading brands.
The company has expanded internationally across markets including the United States, Canada, Europe, the Middle East and other regions. Servify’s official website lists global offices and operations in India, the United States, United Kingdom, Canada, European Union, Türkiye, United Arab Emirates and Saudi Arabia.
Table of Contents
Servify IPO Details Information
The key IPO details available for Servify are given below. The company has not yet filed its DRHP, so the final price band, issue size, IPO dates, lot size, reservation and listing details are yet to be updated.
| Particulars | Information |
|---|---|
| IPO Name | Servify IPO |
| Company Name | Service Lee Technologies Private Limited |
| IPO Type | Yet to be Updated |
| IPO Category | Mainboard IPO |
| Face Value | Yet to be Updated |
| Price Band | Yet to be Updated |
| Issue Size | Yet to be Updated |
| Fresh Issue | Yet to be Updated |
| Offer for Sale | Yet to be Updated |
| IPO Open Date | Yet to be Updated |
| IPO Close Date | Yet to be Updated |
| Anchor Investor Bidding | Yet to be Updated |
| Basis of Allotment | Yet to be Updated |
| Refund Initiation | Yet to be Updated |
| Shares Credited to Demat Account | Yet to be Updated |
| Listing Date | Yet to be Updated |
| Listing Exchange | Yet to be Updated |
| Lot Size | Yet to be Updated |
| Registrar | Yet to be Updated |
| Book Running Lead Managers | Yet to be Updated |
Media reports have previously indicated that Servify was considering an IPO involving a combination of fresh capital and secondary sales, but these details have not been confirmed through a DRHP or RHP and should not be treated as the final issue structure.
Servify IPO Dates
The Servify IPO opening, closing, allotment and listing dates have not been officially announced. The company was earlier reported to be preparing its IPO documentation, but the DRHP filing has not been completed as of September 30, 2026.
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | Yet to be Updated |
| IPO Opening Date | Yet to be Updated |
| IPO Closing Date | Yet to be Updated |
| Basis of Allotment | Yet to be Updated |
| Refund Initiation | Yet to be Updated |
| Shares Credited to Demat Account | Yet to be Updated |
| Listing Date | Yet to be Updated |
Servify IPO Reservation
The final Servify IPO reservation has not been announced because the company has not yet filed its DRHP.
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Yet to be Updated |
| Non-Institutional Investors (NII) | Yet to be Updated |
| Retail Individual Investors (RII) | Yet to be Updated |
The final allocation under each investor category will be disclosed in the relevant IPO documents after the issue structure is finalised.
Servify IPO Lot Size
The Servify IPO lot size and minimum application amount have not been announced. These details will depend on the final price band and number of equity shares offered in the IPO.
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | Yet to be Updated | Yet to be Updated |
| Retail Maximum | Yet to be Updated | Yet to be Updated |
| S-HNI Minimum | Yet to be Updated | Yet to be Updated |
About Service Lee Technologies Private Limited
Service Lee Technologies Private Limited operates under the Servify brand and provides technology-enabled product lifecycle management and after-sales service solutions. The company was founded in 2015 by Sreevathsa Prabhakar and is headquartered in Mumbai.
Servify’s platform connects brands, consumers, retailers, service networks and other ecosystem participants. Its solutions are designed to support the ownership journey of consumer electronics and other products from purchase through protection, service, exchange and trade-in.
The company’s platform supports product protection plans, exchange programmes, affordability programmes and service and claims management. Servify operates across multiple international markets and has established offices in North America, Europe, the Middle East and India.
Business Operations
Servify operates a technology-enabled product lifecycle management business covering different stages of product ownership.
- Product Care Plans – Servify provides product protection and care plans designed to cover devices beyond standard purchase and warranty arrangements.
- Exchange Programs – The company provides exchange and trade-in solutions that allow customers to obtain value from existing devices.
- Affordability Programs – Servify offers programmes supporting low-cost and no-cost EMI options for eligible products.
- Claims and Service Management – The platform supports service requests, claims processing, repair and other after-sales activities.
- Device Lifecycle Management – Servify manages different stages of the device lifecycle, including protection, service, repair, exchange and disposal.
- Brand Solutions – Servify provides white-labelled solutions to OEMs, wireless chains, retailers, e-commerce businesses and other partners.
- Technology and Automation – The company uses technology and AI-enabled tools to improve claims, customer support, administration and service operations.
Servify’s official platform lists OEMs, wireless chains, general trade, modern trade and e-commerce as key industries served by its solutions.
Industry Overview
The product lifecycle management and after-sales service industry has expanded with the growth of smartphones, consumer electronics, connected devices and other technology products. Customers increasingly require protection plans, extended warranties, repairs, device exchanges and trade-in services throughout the ownership period.
Servify operates within this broader ecosystem by providing technology and operational infrastructure to brands, retailers, wireless operators and other partners. Its business model allows brands to offer after-sales services under their own customer-facing programmes while Servify manages technology, workflows and service operations.
The company has also expanded its international business. Reports based on its FY2025 financial statements indicated that the United States became Servify’s largest revenue market, contributing approximately ₹400 crore, while India contributed approximately ₹330 crore during FY2025.
Business Strategy
Servify focuses on expanding its global presence, increasing its partnerships with major brands and improving the efficiency of its product protection and after-sales service platform.
The company has expanded beyond its original India-focused operations into international markets. It has also been working on technology and automation to reduce operating costs and improve service delivery. According to the company, AI-based tools are being used for customer support, claims verification and administration.
Servify has also been exploring acquisitions to expand its service categories and strengthen its position ahead of a potential public listing. The company has indicated that acquisitions and technology integration are part of its broader growth strategy.
Servify IPO Financial Information
A company’s financial performance provides insights into revenue growth, profitability, operational efficiency and financial position. The latest publicly reported financial information for Servify includes FY2023, FY2024 and FY2025 figures based on consolidated financial statements reported from Registrar of Companies filings.
Servify Financial Summary
| Particulars | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue from Operations | ₹611.23 Crore | ₹754.51 Crore | ₹781 Crore |
| Total Income | ₹758.97 Crore | ||
| EBITDA | -₹51 Crore* | ||
| Profit Before Tax (PBT) | |||
| Profit After Tax (PAT) | -₹229.11 Crore | -₹93.81 Crore | -₹85 Crore |
| Net Worth | |||
| Total Borrowings | |||
| Total Assets |
*FY2025 EBITDA is derived from the reported EBITDA margin of -6.53% and operating revenue of approximately ₹781 crore. The underlying detailed financial statement figure has not been independently published on Servify’s official website.
Servify’s operating revenue increased from ₹611.23 crore in FY2023 to ₹754.51 crore in FY2024 and approximately ₹781 crore in FY2025. The company’s consolidated net loss declined from ₹229.11 crore in FY2023 to ₹93.81 crore in FY2024 and approximately ₹85 crore in FY2025.
The FY2025 financial statements also showed that Servify’s revenue from services remained the major source of operating revenue. The company reported approximately ₹400 crore of revenue from the United States and approximately ₹330 crore from India during FY2025.
Servify IPO Key Performance Indicators (KPIs)
Key Performance Indicators help investors assess the company’s financial and operating performance. The FY2025 financial information reported through ROC-based financial statements provides the following operating indicators.
| KPI | Value |
|---|---|
| Return on Equity (ROE) | |
| Return on Capital Employed (ROCE) | -33.05% |
| PAT Margin | |
| EBITDA Margin | -6.53% |
| Debt-to-Equity Ratio | |
| Fixed Asset Turnover Ratio | |
| EPS | |
| Net Asset Value (NAV) Per Share |
Servify’s FY2025 ROCE and EBITDA margin remained negative according to reported financial information. At the same time, the company reduced its consolidated loss compared with FY2024.
The company also reported approximately ₹571 crore in current assets and ₹145 crore in cash and bank balances at the end of March 2025.
Objects of the Servify IPO
The final objects of the Servify IPO have not been officially announced because the company has not yet filed its DRHP.
Media reports have indicated that Servify has been preparing for a public issue and has been evaluating additional capital requirements and acquisitions. The company has also been pursuing acquisitions to expand its service categories before filing IPO documents.
The final utilisation of IPO proceeds will be disclosed in the DRHP and subsequent offer documents.
Servify IPO Listing Performance
Servify is currently an unlisted private company. Therefore, there is no IPO listing price or listing gain available.
| Particular | Value |
|---|---|
| Listing Exchange | Yet to be Updated |
| Listing Date | Yet to be Updated |
| Issue Price | Yet to be Updated |
| Listing Price | Yet to be Updated |
| Listing Gain | Yet to be Updated |
| Listing Gain (%) | Yet to be Updated |
The proposed listing exchanges, issue price and listing date will be confirmed after Servify files the applicable IPO documents.
Servify IPO Subscription Status
There is currently no live Servify IPO subscription period because the company has not yet launched its public issue.
Servify IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | Yet to be Updated |
| Non-Institutional Investors (NII) | Yet to be Updated |
| Retail Individual Investors (RII) | Yet to be Updated |
| Employee Category | Yet to be Updated |
| Total Subscription | Yet to be Updated |
Subscription figures will be updated after the Servify IPO officially opens for bidding.
Servify IPO Review
Servify operates a global product lifecycle management platform that provides protection, exchange, affordability, claims and after-sales service solutions. The company works with leading technology and consumer brands and has expanded its operations across multiple international markets.
The company’s operating revenue increased from ₹611.23 crore in FY2023 to ₹754.51 crore in FY2024 and approximately ₹781 crore in FY2025. Its consolidated loss also narrowed from ₹229.11 crore in FY2023 to ₹93.81 crore in FY2024 and approximately ₹85 crore in FY2025.
The company continues to invest in international expansion, technology, product categories and service capabilities. Servify has also been reported to be exploring acquisitions before filing its IPO documents. Investors evaluating a future Servify IPO would need to consider revenue growth, international exposure, profitability, competition, customer concentration, operating costs, technology investments and the final IPO valuation.
Servify IPO Strengths
- Technology-enabled product lifecycle management platform.
- Presence across product protection, exchange, affordability and after-sales service.
- Partnerships with leading brands including Apple, Samsung, Bose, HP, Panasonic and Amazon.
- International presence across North America, Europe, the Middle East and other markets.
- Operating revenue increased from ₹611.23 crore in FY2023 to approximately ₹781 crore in FY2025.
- Consolidated losses narrowed substantially between FY2023 and FY2025.
- United States became the company’s largest reported revenue market in FY2025.
- Servify has developed AI-enabled tools for customer support, claims verification and administrative processes.
Servify IPO Risk Factors
- The company reported a consolidated loss in FY2025.
- Profitability-related metrics such as ROCE and EBITDA margin remained negative in FY2025.
- The company operates in a competitive product protection and after-sales services market.
- International expansion requires investment in technology, employees, licences, offices and operations.
- Servify depends on relationships with OEMs, retailers, telecom operators and other ecosystem partners.
- Changes in consumer electronics sales and device replacement cycles may affect demand for protection and exchange programmes.
- Expansion through acquisitions can create integration and execution requirements.
- The final IPO valuation and issue structure have not yet been announced.
Servify IPO Promoters
Servify was founded by Sreevathsa Prabhakar, who is also the company’s Founder and CEO. The company’s annual return for FY2022-23 identified Sreevathsa Prabhakar as a promoter/director and reported his shareholding in the company.
Servify IPO Promoters Details :
| Promoter | Designation |
|---|---|
| Sreevathsa Prabhakar | Founder & CEO |
The final promoter and promoter-group details for the IPO will be confirmed in the DRHP.
Servify IPO Management Team
Servify’s official website identifies the following leadership team members.
| Name | Designation |
|---|---|
| Sreevathsa Prabhakar | Founder & CEO |
| Pragyan Mohanty | Group COO |
| Alok Vaish | Group CFO |
| Keyur Shah | Group Strategy Officer |
| Swetha Prashant | Group General Counsel |
| Bharat Jain | Group Chief Human Resources Officer |
| Himanshu Doshi | Chief Product Officer |
| Aditya Mony | Chief Technology Officer |
| Ratnesh Vijayvargiya | Chief Delivery Officer |
| M S Kalsi | Chief Service Officer |
| Ankit Chowdhary | Head – Growth Initiatives |
| Prateek Hak | Business Head – India & ME |
| Rahul Prabhakar | Business Head – Americas |
| Kevin Cundiff | Sr. Vice President (Business) – Americas |
| Atul Dikshit | Business Head – Europe |
| Edward Lee | Vice President (Insurance) – Americas |
| Kirk Plawecki | Vice President (Service & Delivery) – Americas |
| Ivo Bruinenberg | Vice President (Insurance) – Europe |
| Talal Muti | Business Head – KSA |
| Shodan Suvarna | Sr. Director (Business) – UAE |
| Kayhan Ozar | Business Head – Türkiye |
The leadership information is provided on Servify’s official team page.
Servify IPO Registrar Details
The registrar for the Servify IPO has not yet been announced because the company has not filed its DRHP.
| Particular | Details |
|---|---|
| Registrar Name | Yet to be Updated |
| Website | |
| IPO Allotment Status | Yet to be Updated |
| Email ID | |
| Contact Number |
The registrar will be disclosed in the DRHP/RHP once the IPO process formally begins.
Servify IPO Lead Manager Details
The final Book Running Lead Managers for the Servify IPO have not been officially disclosed in IPO documents.
| Particular | Details |
|---|---|
| Lead Managers | Yet to be Updated |
Media reports have previously mentioned investment banking discussions for Servify’s potential IPO, but the final BRLM appointment should be taken only from the company’s DRHP or official IPO announcement.
Servify Contact Details
| Particular | Details |
|---|---|
| Company Name | Service Lee Technologies Private Limited |
| Registered Office | 1022, Building 10, 2nd Floor, Solitaire Corporate Park, Andheri East, Mumbai – 400 093, India |
| Website | https://servify.com |
| Email ID | [email protected] |
| Contact Person | Sreevathsa Prabhakar, Founder & CEO |
Servify’s official website lists its India location at Solitaire Corporate Park, Andheri East, Mumbai, along with [email protected] as its contact email.
Prospectus / Documents
The Servify IPO has not yet reached the DRHP/RHP stage.
| Document | Status |
|---|---|
| DRHP | Yet to be Filed |
| RHP | Yet to be Updated |
| Prospectus | Yet to be Updated |
| Annual Return | Available |
| Financial Statements | Available |
As of September 30, 2026, Servify has not filed its DRHP with SEBI. The company has been reported to be preparing for a public listing and had deferred its planned filing while pursuing acquisitions and other initiatives.
How to Check Servify IPO Allotment Status
Investors can check the Servify IPO allotment status only after the company officially launches the IPO and the basis of allotment is finalised.
Through Registrar
- Visit the official IPO allotment portal of the registrar appointed for the Servify IPO.
- Select Servify IPO from the IPO list.
- Choose PAN Number, Application Number, or DP/Client ID.
- Enter the required details.
- Click Submit to view the allotment status.
Through BSE
- Visit the official BSE IPO allotment page.
- Select Servify IPO from the list of IPOs.
- Enter your PAN Number or Application Number.
- Complete the verification process if required.
- Click Search to view the allotment result.
The current Servify IPO allotment status is not available because the IPO has not yet opened for subscription.
Servify IPO Conclusion
Servify is a Mumbai-based product lifecycle management and after-sales service technology company founded in 2015 by Sreevathsa Prabhakar. The company provides product protection, exchange, affordability, claims and service solutions to brands, retailers, wireless operators and other ecosystem partners.
Servify’s operating revenue increased from ₹611.23 crore in FY2023 to ₹754.51 crore in FY2024 and approximately ₹781 crore in FY2025. Its consolidated loss narrowed from ₹229.11 crore in FY2023 to ₹93.81 crore in FY2024 and approximately ₹85 crore in FY2025.
The company has expanded internationally, with the United States becoming its largest reported revenue market in FY2025. Servify has also been pursuing acquisitions and technology initiatives as part of its growth strategy.
The final price band, issue size, fresh issue, Offer for Sale, IPO dates, lot size, reservation, GMP, subscription figures, registrar, lead managers and listing details will need to be updated once the company files its official IPO documents.
Servify IPO FAQs
What is Servify IPO?
Servify IPO refers to the proposed initial public offering of Service Lee Technologies Private Limited, the company operating the Servify product lifecycle management platform.
What is the price band of Servify IPO?
The price band of Servify IPO has not yet been announced.
What is the issue size of Servify IPO?
The final issue size of Servify IPO has not yet been announced. Media reports have previously discussed a potential public issue, but the final issue size will be confirmed only through the company’s official IPO documents.
When will the Servify IPO open?
The Servify IPO opening date has not yet been announced.
When will the Servify IPO close?
The Servify IPO closing date has not yet been announced.
On which stock exchanges will Servify shares be listed?
The proposed listing exchanges have not yet been officially announced.
Who is the registrar for Servify IPO?
The registrar for Servify IPO has not yet been announced.
What is the face value of Servify IPO shares?
The face value of Servify IPO shares has not yet been disclosed in official IPO documents.
What does Servify do?
Servify operates a technology-enabled product lifecycle management platform providing product protection, exchange, affordability, claims and after-sales service solutions for brands and consumers.
What are the objects of the Servify IPO?
The final objects of the Servify IPO have not yet been disclosed. The company is reportedly evaluating growth initiatives and acquisitions before filing its IPO documents.
