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.
The promoter of the company is Deepak Chaudhari. He holds 80,17,600 Equity Shares constituting 71.97% of the Pre-Issue Capital.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|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- ₹ 750.00 lakhs
2. To meet long-term working capital requirements - ₹ 1,000.00 lakhs
3. General Corporate Purposes- ₹ 587.00 lakhs
4. Issue Expenses- ₹ 250.00 lakhs
|Issue Open||Sep 17, 2018 - Sep 21, 2018|
|Issue Type||Fixed Price Issue IPO|
|Issue Size||3,980,000 Eq Shares of Rs 10 |
(aggregating up to Rs 25.87 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 65 Per Equity Share|
|Market Lot||2000 Shares|
|Min Order Quantity||2000 Shares|
|Listing At||NSE SME|
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
Sep 21, 2018 18:00
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