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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 ₹850.00 per share . The lot size for an application is 15. The minimum amount of investment required by an retail is ₹11,775 (15 shares). 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 Date | February 2, 2016 to February 4, 2016 |
| Listing Date | February 12, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹785 to ₹850 per share |
| Issue Price Final | ₹850 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 49,84,438 shares (aggregating up to ₹423.68 Cr) |
| Fresh Issue | 17,64,705 shares (aggregating up to ₹150.00 Cr) |
| Offer for Sale | 32,19,733 shares of ₹10 (aggregating up to ₹273.68 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,53,32,064 shares |
| Share Holding Post Issue | 1,70,96,769 shares |
TeamLease Services IPO offers total 49,84,438 shares. Out of which 37,30,843 (74.85%) allocated to QIB, 14,92,345 (29.94%) allocated to QIB, 7,46,165 (14.97%) allocated to NII, 4,97,430 (9.98%) allocated to RII and 22,38,498 (44.91%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 37,30,843 (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 (14.97%) | NA |
| Retail Shares Offered | 4,97,430 (9.98%) | 33,162 |
| Employee Shares Offered | 10,000 (0.20%) | NA |
| Total Shares Offered | 49,84,438 (100.00%) |
| 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 |
TeamLease IPO opens on February 2, 2016, and closes on February 4, 2016.
| IPO Open Date | Tue, Feb 2, 2016 |
| IPO Close Date | Thu, Feb 4, 2016 |
| Tentative Listing Date | Fri, Feb 12, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Feb 4, 2016 |
Investors can bid for a minimum of 15 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 | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
|
Particulars |
For the year/period ended (in Rs. Million) | ||||
| 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | 31-Mar-11 | |
| Total Liabilities | 3,505.18 | 2,432.83 | 2,242.29 | 1,968.99 | 965.45 |
| Total Assets | 3,505.18 | 2,432.83 | 2,242.29 | 1,968.99 | 965.45 |
| Total Income | 20,184.60 | 15,375.25 | 12,616.91 | 9,340.89 | 6,983.24 |
| Profit After Tax (PAT) | 296.90 | 178.57 | (37.00) | (164.97) | (394.87) |
The Company TeamLease IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] <p><strong>Issue is likely to create fancy being first mover IPO in the Staffing segment that has bright prospects ahead. Hence this <span style="text-decoration: underline;">IPO is worth teaming up</span> with for medium to long term.</strong></p> Read detail review...
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.
| Listing Date | February 12, 2016 |
| BSE Script Code | 539658 |
| NSE Symbol | TEAMLEASE |
| ISIN | INE985S01024 |
| Final Issue Price | ₹850 per share |
| BSE Listing Group | B |
TeamLease Services Ltd.
Office No 6, 3rd Floor, C Wing, Laxmi Towers,
Bandra Kurla Complex, Bandra (East),
Mumbai 400 051, Maharashtra
Mumbai, Maharashtra
Phone: + 91 22 6641 9500
Email: corporateaffairs@teamlease.com
Website: http://www.teamlease.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: teamlease.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
TeamLease IPO is a main-board IPO of 49,84,438 equity shares of the face value of ₹10 aggregating up to ₹423.68 Crores. The issue is priced at ₹850 per share. The minimum order quantity is 15.
The IPO opens on February 2, 2016, and closes on February 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 February 2, 2016 and closes on February 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 Friday, February 12, 2016.
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