Spectrum Electrical Industries Limited IPO

Add to Calendar 2018-09-17 12:00 AM 2018-09-21 12:00 AM Asia/Kolkata Spectrum Electrical Industries Limited IPO Spectrum Electrical Industries Limited India

Spectrum Electrical Industries Limited is an ISO 9001:2015 certified company, it is involved in manufacturing and designing of varied electrical, automobile and irrigation components that are supplied to leading business contender in the B2B model.

Date of Establishment: The company was incorporated as 'Spectrum Polytech Private Limited' in Mumbai on 12th August 2008. Eventually, the company was converted into public limited company reframed to 'Spectrum Electrical Industries Limited' on 20th June 2018.

Promoters of Spectrum Electrical Industries Limited: Mr Deepak Chaudhari is the sole promoter of Spectrum Electrical Industries Limited.

Products and Services Offering: The company manufactures varied ranges of products that fulfil electrical and irrigational industries requirements. The list of products compromise of:

  • - Distribution Boards & Metal Junction Boxes

  • - Modular Electric Board Panels

  • - AC Box

  • - Auto & Irrigation Components

  • - Other Electrical Components

Besides this, the company is also involved in designing, powder coating, moulding and assembling to develop these products.

Customer Segments: The company has the clientele that consists of the major key players compromising of Larsen & Toubro Limited, Honeywell Electrical Devices and Systems India Limited and Anchor Electricals Private Limited among others.

Objects of Spectrum Electrical Industries Limited IPO: The main objectives of Spectrum Electrical industries Limited IPO are:

  • - To set up a Zinc Plating plant at Umale.

  • - To meet long-term working capital requirements.

  • - General Corporate Purposes.

  • - Issue Expenses.

Company Financials:

Summary of Financial Information (Restated)

Particulars

For the year/period ended (in Rs. Lakhs)


3 -Mar-18

3 -Mar-17

3 -Mar-16

3 -Mar-15

3 -Mar-14

Total Assets

10,763.34

2,506.00

1,491.32

490.27

89.93

Total Revenue

11,983.24

659.77

215.88

13.90

--

Profit After Tax

590.32

53.27

30.03

1.73

-5.39

Issue Detail

  • Issue Open: Sep 17, 2018
  • Issue Close: Sep 21, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 65 Per Equity Share
  • Bid Lot:2000 Shares
  • Minimum Order Quantity:2000 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 25.87 Cr.

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 1,890,000 1,890,000 - - 3,780,000
Day 1 - Sep 17, 2018IST - 0.18x 0.02x - - 0.10x
Day 2 - Sep 18, 2018IST - 0.20x 0.05x - - 0.12x
Day 3 - Sep 19, 2018IST - 0.22x 0.06x - - 0.14x
Day 4 - Sep 20, 2018IST - 0.22x 0.06x - - 0.14x
Day 5 - Sep 21, 2018IST - 1.99x 0.56x - - 1.27x

Listing Day Trading Information

- BSE NSE
Issue Price - Rs 65.00
Open - Rs 64.50
Low - Rs 63.25
High - Rs 66.50
Last Trade - Rs 65.50
Volume - 898,000

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