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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 Promoters:

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

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- ₹ 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

Spectrum Electrical IPO Details
Issue OpenSep 17, 2018 - Sep 21, 2018
Issue TypeFixed Price Issue IPO
Issue Size3,980,000 Eq Shares of Rs 10
(aggregating up to Rs 25.87 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 65 Per Equity Share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME

Spectrum Electrical IPO Subscription Status (Live)

Spectrum Electrical IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

1,890,000

1,890,000

3,780,000

Sep 21, 2018 18:00

1.99x

0.56x

1.27x

Spectrum Electrical IPO Prospectus

Spectrum Electrical IPO Rating

52
3.2
Rating:Rated 3.2 stars

Vote Here ...

Spectrum Electrical IPO Listing Date

  •   ›  Listing Date: Monday, October 1, 2018
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: SPECTRUM
  •   ›  Listing In:
  •   ›  ISIN: INE01EO01010
  •   ›  Issue Price: Rs 65 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
NSE SME
Issue Price:Rs 65.00
Open:Rs 64.50
Low:Rs 63.25
High:Rs 66.50
Last Trade:Rs 65.50
Volume:898,000

Spectrum Electrical IPO Reviews / Ratings

Company Contact Information

Spectrum Electrical Industries Limited
Plot No. V -195, MIDC Area,
Ajanta Road
Jalgaon- 425 003, Maharashtra
Phone: 0257 2210 192
Fax:
Email: sarita.zamwar@spectrum-india.com
Website: http://www.spectrum-india.com/

Spectrum Electrical IPO Registrar

Bigshare Services Pvt Ltd   »  Report
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Fax: +91-22-6263 8299
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Spectrum Electrical IPO Lead Manager(s)

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Spectrum Electrical IPO Review / Comments

avatar
12. RAJAKUMAR  Oct 1, 2018 09:46 I Like It. 2 | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Discovered Price 66.5. Good listing such a bad market condition.
avatar
12.1. manojrpatil  Oct 1, 2018 13:26 I Like It. 2 | Report Abuse
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...
avatar
11. Smart.Investor  Sep 21, 2018 20:12 I Like It. 1 | Report Abuse Reply
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.
avatar
11.1. Smeupdate  Sep 22, 2018 13:28 I Like It. | Report Abuse
Well done Arihant capital. Last issue nitiraj is now half the issue price. Loooooting
avatar
10. Investor Media  Sep 21, 2018 16:25 I Like It. 2 | Report Abuse Reply
Investors given tremendous response and IPO is oversubscribed
avatar
10.1. loviedovie  Sep 21, 2018 16:31 I Like It. 1 | Report Abuse
wah kya response hai

dungee dum sme ka bhi record tod diya.

lol
avatar
9. UT  Sep 21, 2018 15:47 I Like It. 2 | Report Abuse Reply
& It's fully subscribed. RII still have chance to subscribe till 5.00 pm.
avatar
8. Smeupdate  Sep 18, 2018 19:28 I Like It. | Report Abuse Reply
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
avatar
8.9. UT  Sep 19, 2018 14:54 I Like It. 1 | Report Abuse
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.

avatar
8.10. Smeupdate  Sep 19, 2018 15:09 I Like It. 1 | Report Abuse
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
avatar
7. Investor Media  Sep 18, 2018 19:12 I Like It. 2 | Report Abuse Reply
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.
avatar
6. Smeupdate  Sep 18, 2018 17:06 I Like It. 1 | Report Abuse Reply
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
avatar
5. Smeupdate  Sep 14, 2018 17:29 I Like It. 1 | Report Abuse Reply
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
avatar
5.2. UT  Sep 17, 2018 21:23 I Like It. 6 | Report Abuse
See the steady growth of the company. Company is very genuine. If you study in detail you will come to know.
avatar
5.3. Smart.Investor  Sep 18, 2018 16:50 I Like It. 5 | Report Abuse
sab janti hai nahi thoda thoda janti hai kyoki prospect padha nahi. Poora padho aur invest karo nahi to pachhataoge teen saal me
avatar
4. Smart.Investor  Sep 18, 2018 16:44 I Like It. 5 | Report Abuse Reply
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!
avatar
3. Small Investor  Sep 11, 2018 11:44 I Like It. 3 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
fundamentals Cooked ?
avatar
3.1. UT  Sep 17, 2018 22:23 I Like It. 5 | Report Abuse
Surely NO. Due to merger one may see the drastic change in figures. Study in detail everything is pretty clear.
avatar
2. papon  Sep 11, 2018 14:19 I Like It. 7 | Report Abuse Reply
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
avatar
2.1. Small Investor  Sep 12, 2018 11:16 I Like It. 2 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Ye companies aaisi IPO la rhi h lgta h mere ko bhi ek IPO lana Chahiy
avatar
2.2. UT  Sep 17, 2018 21:31 I Like It. 8 | Report Abuse
Business integration is there. All the entities are merged under one entity. It is clearly written in DRHP.
avatar
1. GrowYourMoney  Sep 12, 2018 17:57 I Like It. 7 | Report Abuse Reply
Need to study DRHP
Though at first sights looking expensive
Have 350+ permanent staff that's offer some reason to study..
avatar
13.1. UT  Sep 17, 2018 21:29 I Like It. 8 | Report Abuse
Please procced for study. if you can study kinely you will understand potential of the company. Worth investing.
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