Spectrum Electrical Industries Limited IPO (Spectrum Electrical IPO) Detail

Sep 17, 2018 - Sep 21, 2018

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.

Company Financials

Summary of financial Information (Restated)
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)

Objects of the Issue

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

Spectrum Electrical IPO Details

IPO Date Sep 17, 2018 to Sep 21, 2018
Listing Date Monday, October 1, 2018
Face Value ₹10 per share
Price ₹65 per share
Lot Size 2000 Shares
Issue Size3,980,000 shares of ₹10
(aggregating up to ₹25.87 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

The promoter of the company is Deepak Chaudhari. He holds 80,17,600 Equity Shares constituting 71.97% of the Pre-Issue Capital.

Spectrum Electrical IPO Lot Size

The Spectrum Electrical IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹130,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹130,000
Retail (Max) 1 2000 ₹130,000

Spectrum Electrical IPO Review

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.

Read detail review...

Spectrum Electrical IPO Subscription Status (Bidding Detail)

The Spectrum Electrical IPO is subscribed 1.27 times on Sep 21, 2018 6:00:01 PM. The public issue subscribed 0.56 times in the retail category, times in the QIB category, and 1.99 times in the NII category. Check Day by Day Subscription Details (Live Status)

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Spectrum Electrical IPO Prospectus

Spectrum Electrical IPO Rating

Rating:Rated 3.2 stars
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Spectrum Electrical IPO Listing Date

Listing Date Monday, October 1, 2018
BSE Script Code
Listing In
IPO Price ₹65 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Spectrum Electrical Industries Limited
Plot No. V -195, MIDC Area,
Ajanta Road
Jalgaon- 425 003, Maharashtra
Phone: 0257 2210 192

Spectrum Electrical IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Spectrum Electrical IPO Review

Spectrum Electrical IPO Recommendation Summary

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Spectrum Electrical IPO FAQs

Spectrum Electrical IPO is a SME IPO of 3,980,000 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 Shares.

The IPO opens on Sep 17, 2018, and closes on Sep 21, 2018.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Spectrum Electrical IPO opens on Sep 17, 2018 and closes on Sep 21, 2018.

Spectrum Electrical IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in Spectrum Electrical IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, 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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Spectrum Electrical IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



12. RAJAKUMAR |   Link |Oct 1, 2018 10:46:42 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Discovered Price 66.5. Good listing such a bad market condition.
12.1. manojrpatil |   Link |Oct 1, 2018 2:26:34 PM
Starting point of 66.50 is good. Now it would be interesting to see the further movement esp. when bears are saturated in the market and bulls are forced to quieten for a while...
11. Smart.Investor |   Link |Sep 21, 2018 9:12:50 PM
Way to go Spectrum and Arihant capital! Congratulations.
We applaud your vision and courage. We will support you throughout your growth journey.
Well done Arihant capital. You bounced back and shown the world power of true
You both have inspired us to invest in emerging businesses.
Lets create value for all shareholders and embrace all those we believe in us.
11.1. Smeupdate |   Link |Sep 22, 2018 2:28:53 PM
Well done Arihant capital. Last issue nitiraj is now half the issue price. Loooooting
10. Investor Media |   Link |Sep 21, 2018 5:25:49 PM
Investors given tremendous response and IPO is oversubscribed
10.1. loviedovie |   Link |Sep 21, 2018 5:31:20 PM
wah kya response hai

dungee dum sme ka bhi record tod diya.

9. UT |   Link |Sep 21, 2018 4:47:50 PM
& It's fully subscribed. RII still have chance to subscribe till 5.00 pm.
8. Smeupdate |   Link |Sep 18, 2018 8:28:56 PM
cleverinvestor is correct
Nitiraj is better than this comopany.

instead buy that as its price is half for issue of same lead manager
this one too one can look to buy whenit will be half issue price post listing
8.9. UT |   Link |Sep 19, 2018 3:54:09 PM
Due respect to all assumption I am not employee of the company nor I am doing marketing anywhere.Whatever I have mentioned is from DRHP. Just Read all the details available on various website and put facts together which has totally ignored while putting any comments on stock & Its market No one can forecast.

8.10. Smeupdate |   Link |Sep 19, 2018 4:09:00 PM
we all know who you are UT
If you are so positive put your complete wealth in this company. lol

aisa kuch khas nahi hai ismein apply karne ke liye

upar se Lead manager is a thief
7. Investor Media |   Link |Sep 18, 2018 8:12:54 PM
Company alag alag industry me kam karti hain. Company ne SAP system bhi lagaya hain.
Bahut kam Company SAP system use karti hain. I think Company groth Karegi.
6. Smeupdate |   Link |Sep 18, 2018 6:06:39 PM
will repeat same performance as arihant previous issue nitiraj

will be haf the issue price in 1 year. hahahaha

few application only applied by company relative and employee

apply if you are ok to get your money halved
5. Smeupdate |   Link |Sep 14, 2018 6:29:45 PM
nitiraj its last issue is now less than half issue price

lead manager knew after few years noone would remember

but yeh public hai yeh sab janti hai

dont even look into this
5.2. UT |   Link |Sep 17, 2018 10:23:53 PM
See the steady growth of the company. Company is very genuine. If you study in detail you will come to know.
5.3. Smart.Investor |   Link |Sep 18, 2018 5:50:54 PM
sab janti hai nahi thoda thoda janti hai kyoki prospect padha nahi. Poora padho aur invest karo nahi to pachhataoge teen saal me
4. Smart.Investor |   Link |Sep 18, 2018 5:44:16 PM
A little knowledge is more dangerous than no knowledge. Read the prospectus before posting comments. It's a strong company. Invest now, don't regret after 3 years!
3. papon |   Link |Sep 11, 2018 3:19:54 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Uri Baba what happened to their business last year with such a jump. Revenue 660 Lacs to 11983 Lacs. Arey spectrum electric Bhai Kuch toh saram Karo. Kitno ko kitne baar ullu banaoge
3.1. Small Investor |   Link |Sep 12, 2018 12:16:39 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Ye companies aaisi IPO la rhi h lgta h mere ko bhi ek IPO lana Chahiy
3.2. UT |   Link |Sep 17, 2018 10:31:35 PM
Business integration is there. All the entities are merged under one entity. It is clearly written in DRHP.
2. Small Investor |   Link |Sep 11, 2018 12:44:37 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
fundamentals Cooked ?
2.1. UT |   Link |Sep 17, 2018 11:23:36 PM
Surely NO. Due to merger one may see the drastic change in figures. Study in detail everything is pretty clear.
1. GrowYourMoney |   Link |Sep 12, 2018 6:57:19 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Need to study DRHP
Though at first sights looking expensive
Have 350+ permanent staff that's offer some reason to study..
1.1. UT |   Link |Sep 17, 2018 10:29:19 PM
Please procced for study. if you can study kinely you will understand potential of the company. Worth investing.