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Spectrum Electrical Industries Limited IPO (Spectrum Electrical IPO) Detail

September 17, 2018 - September 21, 2018

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.

Spectrum Electrical IPO Details

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 Size3,980,000 shares
(aggregating up to ₹25.87 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion200,000 shares

Spectrum Electrical IPO Reservation

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 Offered200,000 (5.03%)
Other Shares Offered1,890,000 (47.49%)
Retail Shares Offered1,890,000 (47.49%)
Total Shares Offered3,980,000 (100%)

Spectrum Electrical IPO Lot Size

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

About Spectrum Electrical Industries Limited

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 (Spectrum Electrical IPO Objectives)

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 Review (May apply)

[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...

Spectrum Electrical IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Spectrum Electrical IPO Prospectus

Spectrum Electrical IPO Rating

Rating:Rated 3.2 stars
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Spectrum Electrical IPO Listing Details

Listing Date October 1, 2018
BSE Script Code
Final Issue Price ₹65 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Spectrum Electrical Industries Limited Contact Details

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 - Buy or Not

Spectrum Electrical IPO Recommendation Summary

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Members 0 0 0

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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 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.

The Spectrum Electrical IPO listing date is on October 1, 2018.
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Spectrum Electrical IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



12. RAJAKUMAR |   Link |  Bookmark |October 1, 2018 9:46:42 AM (1400+ Posts, 1200+ Likes)
Discovered Price 66.5. Good listing such a bad market condition.
12.1. manojrpatil |   Link |  Bookmark |October 1, 2018 1:26:34 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 |  Bookmark |September 21, 2018 8:12:50 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 |  Bookmark |September 22, 2018 1:28:53 PM
Well done Arihant capital. Last issue nitiraj is now half the issue price. Loooooting
10. Investor Media |   Link |  Bookmark |September 21, 2018 4:25:49 PM
Investors given tremendous response and IPO is oversubscribed
10.1. loviedovie |   Link |  Bookmark |September 21, 2018 4:31:20 PM
wah kya response hai

dungee dum sme ka bhi record tod diya.

9. UT |   Link |  Bookmark |September 21, 2018 3:47:50 PM
& It's fully subscribed. RII still have chance to subscribe till 5.00 pm.
8. Smeupdate |   Link |  Bookmark |September 18, 2018 7:28:56 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 |  Bookmark |September 19, 2018 2:54:09 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 |  Bookmark |September 19, 2018 3:09:00 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 |  Bookmark |September 18, 2018 7:12:54 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 |  Bookmark |September 18, 2018 5:06:39 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 |  Bookmark |September 14, 2018 5:29:45 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 |  Bookmark |September 17, 2018 9:23:53 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 |  Bookmark |September 18, 2018 4:50:54 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 |  Bookmark |September 18, 2018 4:44:16 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 |  Bookmark |September 11, 2018 2:19:54 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ 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 |  Bookmark |September 12, 2018 11:16:39 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Ye companies aaisi IPO la rhi h lgta h mere ko bhi ek IPO lana Chahiy
3.2. UT |   Link |  Bookmark |September 17, 2018 9:31:35 PM
Business integration is there. All the entities are merged under one entity. It is clearly written in DRHP.
2. Small Investor |   Link |  Bookmark |September 11, 2018 11:44:37 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
fundamentals Cooked ?
2.1. UT |   Link |  Bookmark |September 17, 2018 10:23:36 PM
Surely NO. Due to merger one may see the drastic change in figures. Study in detail everything is pretty clear.
1. GrowYourMoney |   Link |  Bookmark |September 12, 2018 5:57:19 PM
Top Contributor Top Contributor (400+ Posts, 400+ 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 |  Bookmark |September 17, 2018 9:29:19 PM
Please procced for study. if you can study kinely you will understand potential of the company. Worth investing.