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

IPO DateSep 17, 2018 - Sep 21, 2018
Issue TypeFixed Price Issue IPO
Issue Size3,980,000 Eq Shares of ₹10
(aggregating up to ₹25.87 Cr)
Face Value₹10 Per Equity Share
IPO Price₹65 Per Equity Share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME

Spectrum Electrical IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)

Spectrum Electrical IPO Subscription Status (Bidding Detail)

Spectrum Electrical IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time




Shares Offered




Sep 21, 2018 18:00




Spectrum Electrical IPO Prospectus

Spectrum Electrical IPO Rating

Rating:Rated 3.2 stars

Vote Here ...

Spectrum Electrical IPO Listing Date

Listing DateMonday, October 1, 2018
BSE Script Code
Listing In
IPO Price₹65 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

IPO Price
Last Trade
IPO Price:₹65.00
Last Trade:₹65.50

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
Email: sarita.zamwar@spectrum-india.com
Website: http://www.spectrum-india.com/

Spectrum Electrical IPO Registrar

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

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

Spectrum Electrical IPO FAQs

  1. 1. What is Spectrum Electrical IPO?

    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 price of the IPO is ₹65 Per Equity Share. The minimum order quantity is 2000 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When Spectrum Electrical IPO will open?

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

  3. 3. How to apply for Spectrum Electrical IPO?

    Spectrum Electrical IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Spectrum Electrical IPO allotment?

    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.

  5. 5. When is Spectrum Electrical IPO listing date?

    The Spectrum Electrical IPO listing date is on Monday, October 1, 2018, at NSE SME.
  6. 6. What is the lot size of Spectrum Electrical IPO?

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

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Spectrum Electrical IPO Review / Comments

12. RAJAKUMAR  Oct 1, 2018 09:46
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
Discovered Price 66.5. Good listing such a bad market condition.
12.1. manojrpatil  Oct 1, 2018 13:26
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  Sep 21, 2018 20:12
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  Sep 22, 2018 13:28
Well done Arihant capital. Last issue nitiraj is now half the issue price. Loooooting
Investor Media
10. Investor Media  Sep 21, 2018 16:25
Investors given tremendous response and IPO is oversubscribed
10.1. loviedovie  Sep 21, 2018 16:31
wah kya response hai

dungee dum sme ka bhi record tod diya.

9. UT  Sep 21, 2018 15:47
& It's fully subscribed. RII still have chance to subscribe till 5.00 pm.
8. Smeupdate  Sep 18, 2018 19:28
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  Sep 19, 2018 14:54
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  Sep 19, 2018 15:09
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
Investor Media
7. Investor Media  Sep 18, 2018 19:12
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  Sep 18, 2018 17:06
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  Sep 14, 2018 17:29
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  Sep 17, 2018 21:23
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  Sep 18, 2018 16:50
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  Sep 18, 2018 16:44
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  Sep 11, 2018 14:19
Top Contributor Top Contributor (200+ Posts, 300+ 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
Small Investor
3.1. Small Investor  Sep 12, 2018 11:16
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Ye companies aaisi IPO la rhi h lgta h mere ko bhi ek IPO lana Chahiy
3.2. UT  Sep 17, 2018 21:31
Business integration is there. All the entities are merged under one entity. It is clearly written in DRHP.
Small Investor
2. Small Investor  Sep 11, 2018 11:44
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
fundamentals Cooked ?
2.1. UT  Sep 17, 2018 22:23
Surely NO. Due to merger one may see the drastic change in figures. Study in detail everything is pretty clear.
1. GrowYourMoney  Sep 12, 2018 17:57
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..
13.1. UT  Sep 17, 2018 21:29
Please procced for study. if you can study kinely you will understand potential of the company. Worth investing.

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