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Spectrum Electrical IPO is a fixed price issue of ₹25.87 crores. The issue is entirely a fresh issue of 0.40 crore shares of ₹25.87 crore.
Spectrum Electrical IPO bidding started from Sep 17, 2018 and ended on Sep 21, 2018. The shares got listed on NSE SME on Oct 1, 2018.
Spectrum Electrical IPO price is ₹65.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,30,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,60,000.
Arihant Capital Markets Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Arihant Capital Markets Ltd..
Refer to Spectrum Electrical IPO RHP for detailed Information.
| IPO Date | September 17, 2018 to September 21, 2018 |
| Listing Date | October 1, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹65 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 39,80,000 shares (aggregating up to ₹25.87 Cr) |
| Reserved for Market Maker | 2,00,000 shares Arihant Capital Markets Ltd. (aggregating up to ₹1.30 Cr) |
| Net Offered to Public | 37,80,000 shares (aggregating up to ₹24.57 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,11,39,840 shares |
| Share Holding Post Issue | 1,51,19,840 shares |
Spectrum Electrical IPO offers total 39,80,000 shares. Out of which 18,90,000 (47.49%) allocated to NII, 18,90,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,00,000 (5.03%) |
| NII (HNI) Shares Offered | 18,90,000 (47.49%) |
| Retail Shares Offered | 18,90,000 (47.49%) |
| Total Shares Offered | 39,80,000 (100.00%) |
Spectrum Electrical IPO opens on September 17, 2018, and closes on September 21, 2018.
| IPO Open Date | Mon, Sep 17, 2018 |
| IPO Close Date | Fri, Sep 21, 2018 |
| Tentative Listing Date | Mon, Oct 1, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 21, 2018 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,30,000 |
| Retail (Max) | 1 | 2,000 | ₹1,30,000 |
| HNI (Min) | 2 | 4,000 | ₹2,60,000 |
Incorporated in 2008, Jalgaon (Maharashtra) based Spectrum Electrical Industries Limited is a company engaged in the business of design and manufacturing of electrical, automobile and irrigation components. The company is a contract manufacturer and component suppliers to leading industry players.
Spectrum Electrical offers end-to-end product solutions to its customers under the B2B model. It provides services ranging from global sourcing, manufacturing, quality testing and packaging to logistics. The company also offers products in the intermediate stages to its customers.
The manufacturing unit of the company is located at Jalgaon & Nashik, Maharashtra.
The company's turnover in fiscal 2017, 2016 and 2015 are 10,020.41 lakhs, 9,503.07 lakhs, and 8,085.99 lakhs respectively.
The PAT for fiscal 2017, 2016 and 2015 are 349.70 lakhs, 247.04 lakhs, and 184.66 lakhs.
The company has 370 full-time employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-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) | |
The objects of the issue are-
1. To set up a Zinc Plating plant at Umale- Rs 750.00 lakhs
2. To meet long-term working capital requirements - Rs 1,000.00 lakhs
3. General Corporate Purposes- Rs 587.00 lakhs
4. Issue Expenses- Rs 250.00 lakhs
[Dilip Davda] <p>Issue is fully priced, LM has poor track records. Company is likely to face tough competition from unorganized sectors in its field of operations. Considering all these, cash surplus risk savvy investors may consider investment at their own risk.</p> Read detail review...
| Listing Date | October 1, 2018 |
| BSE Script Code | |
| NSE Symbol | SPECTRUM |
| ISIN | INE01EO01010 |
| Final Issue Price | ₹65 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹65.00 |
| Open | ₹64.50 |
| Low | ₹63.25 |
| High | ₹66.50 |
| Last Trade | ₹65.50 |
Spectrum Electrical Industries Ltd.
Plot No. V -195, MIDC Area,
Ajanta Road
Jalgaon
Jalgaon, Maharashtra, 425003
Phone: 0257 2210 192
Email: sarita.zamwar@spectrum-india.com
Website: http://www.spectrum-india.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Spectrum Electrical IPO is a SME IPO of 39,80,000 equity shares of the face value of ₹10 aggregating up to ₹25.87 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000.
The IPO opens on September 17, 2018, and closes on September 21, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Spectrum Electrical IPO using UPI as a payment gateway. Zerodha customers can apply in Spectrum Electrical IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Spectrum Electrical IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Spectrum Electrical IPO opens on September 17, 2018 and closes on September 21, 2018.
Spectrum Electrical IPO lot size is 2000, and the minimum amount required for application is ₹1,30,000.
You can apply in Spectrum Electrical IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Spectrum Electrical IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Spectrum Electrical IPO allotment status.
The Spectrum Electrical IPO listing date is on Monday, October 1, 2018.
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