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Spectrum Electrical IPO is a fixed price issue of Rs 25.87 crores.
Spectrum Electrical IPO bidding started from September 17, 2018 and ended on September 21, 2018. The shares got listed on NSE SME on October 1, 2018.
Spectrum Electrical IPO price is ₹65 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹130,000.
Arihant Capital Markets Ltd is the book running lead manager of the Spectrum Electrical IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Spectrum Electrical IPO RHP for detailed information.
| IPO Date | September 17, 2018 to September 21, 2018 |
| Listing Date | October 1, 2018 |
| Face Value | ₹10 per share |
| Price | ₹65 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,980,000 shares (aggregating up to ₹25.87 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 200,000 shares |
Spectrum Electrical IPO offers 3,980,000 shares. 1,890,000 (47.49%) to NII, 1,890,000 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 200,000 (5.03%) |
| Other Shares Offered | 1,890,000 (47.49%) |
| Retail Shares Offered | 1,890,000 (47.49%) |
| Total Shares Offered | 3,980,000 (100%) |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹130,000 |
| Retail (Max) | 1 | 2000 | ₹130,000 |
| Lot Size Calculator | |||
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.
| 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) | |
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
[Dilip Davda]
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...The Spectrum Electrical IPO is subscribed 1.27 times on September 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)
| Category | Subscription (times) |
|---|---|
| Other | 1.99 |
| Retail | 0.56 |
| Total | 1.27 |
| Listing Date | October 1, 2018 |
| BSE Script Code | |
| NSE Symbol | SPECTRUM |
| ISIN | INE01EO01010 |
| Final Issue Price | ₹65 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹65.00 |
| ₹64.50 |
| ₹63.25 |
| ₹66.50 |
| ₹65.50 |
Spectrum Electrical Industries Limited
Plot No. V -195, MIDC Area,
Ajanta Road
Jalgaon- 425 003, Maharashtra
Phone: 0257 2210 192
Email: sarita.zamwar@spectrum-india.com
Website: http://www.spectrum-india.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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 September 17, 2018, and closes on September 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 September 17, 2018 and closes on September 21, 2018.
Spectrum Electrical IPO lot size is 2000 Shares, and the minimum amount required is ₹130,000.
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, Nuvama, 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.
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