Bookbuilding IPO | ₹424 Cr | Listed at BSE, NSE | Tue, Feb 2, 2016 - Thu, Feb 4, 2016
TeamLease IPO is a book build issue of ₹423.68 crores. The issue is a combination of fresh issue of 0.18 crore shares aggregating to ₹150.00 crores and offer for sale of 0.32 crore shares aggregating to ₹273.68 crores.
TeamLease IPO bidding started from Feb 2, 2016 and ended on Feb 4, 2016. The shares got listed on BSE, NSE on Feb 12, 2016.
TeamLease IPO price band is set at ₹850 per share. The lot size for an application is 15. The minimum amount of investment required by an retail is ₹12,750 (15 shares) (based on upper price). The lot size investment for sNII is 16 lots (240 shares), amounting to ₹2,04,000, and for bNII, it is 79 lots (1,185 shares), amounting to ₹10,07,250.
The issue includes a reservation of up to 10,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Credit Suisse Securities (India) Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to TeamLease IPO RHP for detailed Information.
IPO Open
Tue, Feb 2, 2016
IPO Close
Thu, Feb 4, 2016
Issue Price
₹850 per share
Market Cap (Pre-IPO)
₹1,453.23 Cr
| IPO Date | 2 to 4 Feb, 2016 |
| Listed on | Fri, Feb 12, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹785 to ₹850 |
| Issue Price | ₹850 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 49,84,438 shares (agg. up to ₹424 Cr) |
| Fresh Issue | 17,64,705 shares (agg. up to ₹150 Cr) |
| Offer for Sale | 32,19,733 shares of ₹10 (agg. up to ₹274 Cr) |
| Share Holding Pre Issue | 1,53,32,064 shares |
| Share Holding Post Issue | 1,70,96,769 shares |
| BSE Script Code / NSE Symbol | 539658 / TEAMLEASE |
| ISIN | INE985S01024 |
TeamLease IPO comprises a total issue size of 49,84,438 shares. The net offer to the public is 49,74,438 shares, after excluding 10,000 shares under a preferential allotment. Of the Net offer 37,30,843 (75.00%) are allocated to QIB, 7,46,165 (15.00%) allocated to NII 4,97,430 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 37,30,843 | 75.00% | 74.85% | NA |
| − Anchor Investor Shares Offered | 22,38,498 | 44.91% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 14,92,345 | 29.94% | NA | |
| NII (HNI) Shares Offered | 7,46,165 | 15.00% | 14.97% | NA |
| Retail Shares Offered | 4,97,430 | 10.00% | 9.98% | 33,162 |
| Preferential Reservations | ||||
| Employee Shares Offered | 10,000 | 0.20% | NA | |
| Total Shares Offered | 49,84,438 | 100.00% | 100.00% | |
Investors can bid for a minimum of 15 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹12,750 |
| Retail (Max) | 15 | 225 | ₹1,91,250 |
| S-HNI (Min) | 16 | 240 | ₹2,04,000 |
| S-HNI (Max) | 78 | 1,170 | ₹9,94,500 |
| B-HNI (Min) | 79 | 1,185 | ₹10,07,250 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2002, TeamLease Services is Mumbai India based human resource services and people supply-chain Company offering services to various small and large business clients. TeamLease offers employment and employability services.
TeamLease employment services include temporary staffing, permanent recruitment and regulatory consultancy for labor law compliance.
TeamLease employability offerings include different types of learning and training solutions, including retail learning solutions, institutional learning solutions and enterprise learning solutions.
TeamLease has over 1 lakh associate employees as of Nov 2015. Company has 8 regional offices and over 1000 full time employees.
Competitive strengths of TeamLease:
1. Market leading position with scale [over 5% market share]
2. Strong compliance practices that enable the company to build longstanding relationships with clients
3. Technological and operational excellence
4. Strong functional knowledge and expertise across industry sectors
5. Strong management and thought leadership in public policy initiatives and backing by marquee private equity investors
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding existing and incremental working capital requirements of our Company | 80.00 |
| 2 | Acquisitions and other strategic initiatives | 25.00 |
| 3 | Upgradation of the existing IT infrastructure | 15.00 |
| 4 | General corporate purposes | 18.41 |
The TeamLease Services IPO is subscribed 66.02 times on February 4, 2016 8:00:00 PM (Day 3). The public issue subscribed 10.61 times in the retail category, 26.97 times in the QIB category, and 185.24 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 26.97 | 16,01,923 | |
| NII | 185.24 | 7,68,084 | |
| Retail | 10.61 | 5,12,056 | |
| Employee | 1.39 | 10,000 | |
| Total | 66.02 | 28,92,063 |
The offer has been graded by CRISIL Research and has been assigned a CRISIL IPO grade of '4/5' indicating that the fundamentals of the offer are above average relative to other listed equity shares in India.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to BRLMs (including lead management fees, underwriting commission, brokerage and selling commission, Bidding fee), brokerage and selling commission for Registered Brokers(3), RTAs and CDPs | 16.34 |
| 2 | Brokerage and selling commission, processing fees for SCSBs | 0.34 |
| 3 | Registrar to the Offer | 0.31 |
| 4 | Other advisers to the Offer | 3.90 |
| 5 | Listing fees, Printing and stationery expenses, Advertising and marketing, IPO grading expenses and Miscellaneous | 10.55 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹850.00 | ₹850.00 |
| Open | ₹860.00 | ₹860.00 |
| Low | ₹805.90 | ₹806.65 |
| High | ₹1,032.00 | ₹1,032.00 |
| Last Trade | ₹1,021.95 | ₹1,032.00 |
TeamLease IPO is a main-board IPO of 49,84,438 equity shares of the face value of ₹10 aggregating up to ₹424 Crores. The issue is priced at ₹850 per share. The minimum order quantity is 15.
The IPO opens on Tue, Feb 2, 2016, and closes on Thu, Feb 4, 2016.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in TeamLease IPO using UPI as a payment gateway. Zerodha customers can apply in TeamLease IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in TeamLease IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The TeamLease IPO opens on Tue, Feb 2, 2016 and closes on Thu, Feb 4, 2016.
TeamLease IPO lot size is 15, and the minimum amount required for application is ₹12,750.
You can apply in TeamLease 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 TeamLease IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the TeamLease IPO allotment status.
The TeamLease IPO listing date is on Fri, Feb 12, 2016.
