Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
The SEBI approval for proposed Initial Public Offer (IPO) of CIEL HR Services Ltd. expired on February 14, 2026. CIEL HR Services Ltd. had filed the DRHP with SEBI on November 21, 2024 for the Initial Public Offer (IPO).
CIEL HR Services Ltd. IPO was a Book Build Issue consisting of fresh issue of ₹335.00 crores and an offer for sale (OFS) of upto 0.47 crore equity shares.
The equity shares were proposed to be listed on NSE and BSE. Ambit Pvt.Ltd. was the book running lead manager and Kfin Technologies Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹335 Cr) |
| Offer for Sale | 47,39,336 shares of ₹2 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 8,50,05,010 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Nov 21, 2024 |
| SEBI/Exchange approval received | Fri, Feb 14, 2025 |
| SEBI approval expired | Sat, Feb 14, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Offer |
| Retail Shares Offered | Not more than 10% of the Offer |
| NII Shares Offered | Not more than 15% of the Offer |
CIEL HR Services Limited offer multiple human resource services and technology platforms catering to the needs of a wide range of sectors. The company's human resource services offer targeted support in recruitment, staffing, payroll processing, strategic HR advisory, and skill development, thereby enabling organizations to attract, retain, and develop top talent effectively.
The company's HR Tech platforms are: Talent Assessment and Development, Talent Engagement, Employee learning experience, Human resource management system, Fresher upskilling and Statutory compliance management.
The company's HR Services included: Professional staffing, Value staffing, Search, selection and recruitment process outsourcing, HR managed services, HR advisory and Skilling.
CIEL HR Services Limited served 4,019 customers. Some of the key customers include Scootsy Logistics Private Limited (a wholly owned subsidiary of Swiggy Limited), Puma Sports India Private Limited, Niva Bupa Health Insurance Company Limited, Axis Bank Limited, Brigade Enterprises Limited, Blue Star Limited and Aditya Birla Group, and more.
As on June 30, 2024, the company have (i) 49 business partners across 33 locations; and (ii) 67 offices across India out of which 49 have been opened and are run by business partners, with a notable presence in tier two and three cities maintaining a significant footprint in the HR solutions sector in India.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 298.91 | 283.38 | 179.68 | 109.12 |
| Total Income | 325.97 | 1,088.20 | 800.72 | 528.53 |
| Profit After Tax | 3.17 | 10.85 | -3.15 | 6.88 |
| NET Worth | 61.34 | 58.68 | 49.52 | 29.02 |
| Total Borrowing | 80.22 | 77.20 | 30.86 | 3.52 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|
| WeWork India Management Ltd. | Mainboard | ₹3,000.00 Cr | ₹648 | ₹628.65 | -2.99% | ₹626.55 (-3.30%) |
| Dev Accelerator Ltd. | Mainboard | ₹143.35 Cr | ₹61 | ₹64.05 | +5.00% | ₹35.72 (-0.69%) |
| Indiqube Spaces Ltd. | Mainboard | ₹700.00 Cr | ₹237 | ₹217.97 | -8.03% | ₹169.82 (+1.32%) |
| Smartworks Coworking Spaces Ltd. | Mainboard | ₹582.56 Cr | ₹407 | ₹445.05 | +9.35% | ₹489.55 (+1.76%) |
| PAN HR Solutions Ltd. | SME | ₹17.04 Cr | ₹78 | ₹78.01 | +0.01% | ₹56.86 (-5.00%) |
| Armour Security India Ltd. | SME | ₹26.51 Cr | ₹57 | ₹43.35 | -23.95% | ₹20.70 (+0.00%) |
| Dhara Rail Projects Ltd. | SME | ₹50.20 Cr | ₹126 | ₹157.50 | +25.00% | ₹159.80 (+2.34%) |
| Clear Secured Services Ltd. | SME | ₹85.60 Cr | ₹132 | ₹113.05 | -14.36% | ₹97.00 (-1.97%) |
| Sheel Biotech Ltd. | SME | ₹34.02 Cr | ₹63 | ₹95.55 | +51.67% | ₹65.00 (-4.97%) |
| Happy Square Outsourcing Services Ltd. | SME | ₹24.25 Cr | ₹76 | ₹80.85 | +6.38% | ₹44.60 (-4.90%) |
| Moving Media Entertainment Ltd. | SME | ₹43.40 Cr | ₹70 | ₹74.55 | +6.50% | ₹34.95 (+4.48%) |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 12.90% |
| ROCE | 13.18% |
| Debt/Equity | 0.79 |
| RoNW | 12.93% |
| PAT Margin | 1.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 87.02% |
Lead Manager Reports
CIEL HR IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The CIEL HR IPO open and close dates are not available as of now.
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 CIEL HR IPO using UPI as a payment gateway. Zerodha customers can apply in CIEL HR IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in CIEL HR IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The CIEL HR IPO dates are not announced. Please check back again after some time.
CIEL HR IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in CIEL HR 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 CIEL HR IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the CIEL HR IPO allotment status.
The CIEL HR IPO listing date is not yet announced. The tentative date of listing is .
