TeamLease Services Ltd IPO (TeamLease Services IPO) Detail

Feb 2, 2016 - Feb 4, 2016

Incorporated in 2002, TeamLease Services is Mumbai India based human resource services and people supply-chain Company offering services to various small and large business clients. TeamLease offers employment and employability services.

TeamLease employment services include temporary staffing, permanent recruitment and regulatory consultancy for labor law compliance.

TeamLease employability offerings include different types of learning and training solutions, including retail learning solutions, institutional learning solutions and enterprise learning solutions.

TeamLease has over 1 lakh associate employees as of Nov 2015. Company has 8 regional offices and over 1000 full time employees.

Competitive strengths of TeamLease:
1. Market leading position with scale [over 5% market share]
2. Strong compliance practices that enable the company to build longstanding relationships with clients
3. Technological and operational excellence
4. Strong functional knowledge and expertise across industry sectors
5. Strong management and thought leadership in public policy initiatives and backing by marquee private equity investors

Company Financials


For the year/period ended (in Rs. Million)
31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12 31-Mar-11
Total Liabilities 3,505.18 2,432.83 2,242.29 1,968.99 965.45
Total Assets 3,505.18 2,432.83 2,242.29 1,968.99 965.45
Total Income 20,184.60 15,375.25 12,616.91 9,340.89 6,983.24
Profit After Tax (PAT) 296.90 178.57 (37.00) (164.97) (394.87)

Objects of the Issue

The public issue comprises a fresh issue by the company and an offer for sale by the shareholders.

Company will not receive any proceeds from the Offer for Sale.

The fund raised through fresh issue proposes to utilise the Net Proceeds towards funding the following objects:

1. Funding existing and incremental working capital requirements of the Company;
2. Acquisitions and other strategic initiatives;
3. Upgradation of the existing IT infrastructure; and
4. General corporate purposes.

In addition, the Company expects to receive the benefits of listing of the Equity Shares on the Stock Exchanges, enhancement of the Company's brand name and creation of a public market for its Equity Shares in India.

TeamLease Services IPO Details

IPO Date Feb 2, 2016 to Feb 4, 2016
Listing Date Friday, February 12, 2016
Face Value ₹10 per share
Price ₹785 to ₹850 per share
Lot Size 15 Shares
Issue Size4,974,438 shares of ₹10
(aggregating up to ₹423.68 Cr)
Fresh Issue1,764,705 shares of ₹10
(aggregating up to ₹150.00 Cr)
Offer for Sale3,209,733 shares of ₹10
(aggregating up to ₹272.83 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

The promoters of the company are Manish Mahendra Sabharwal, Ashok Kumar Nedurumalli, Mohitkaran Virendra Gupta, HR Offshoring Ventures Pte. Ltd, MKS Management Consultancy Services LLP, NED Consultants LLP and Dhana Management Consultancy LLP.

TeamLease Services IPO Lot Size

The TeamLease Services IPO lot size is 15 shares. A retail-individual investor can apply for up to 15 lots (225 shares or ₹191,250).

Application Lots Shares Amount
Retail (Min) 1 15 ₹12,750
Retail (Max) 15 225 ₹191,250

TeamLease IPO Grading

The offer has been graded by CRISIL Research and has been assigned a CRISIL IPO grade of '4/5' indicating that the fundamentals of the offer are above average relative to other listed equity shares in India.

TeamLease Services IPO Review

Issue is likely to create fancy being first mover IPO in the Staffing segment that has bright prospects ahead. Hence this IPO is worth teaming up with for medium to long term.

Read detail review...

TeamLease Services IPO Subscription Status (Bidding Detail)

The TeamLease Services IPO is subscribed 66.02 times on Feb 4, 2016 8:00:00 PM. The public issue subscribed 10.61 times in the retail category, 26.97 times in the QIB category, and 185.24 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

TeamLease Services IPO Prospectus

TeamLease Services IPO Rating

Rating:Rated 4.0 stars
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TeamLease Services IPO Listing Date

Listing Date Friday, February 12, 2016
BSE Script Code 539658
Listing In B Group of Securities
ISIN INE985S01024
IPO Price ₹850 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

TeamLease Services Ltd
Office No 6, 3rd Floor, C Wing, Laxmi Towers,
Bandra Kurla Complex, Bandra (East),
Mumbai 400 051, Maharashtra
Phone: + 91 22 6641 9500

TeamLease Services IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000

TeamLease Services IPO Review

TeamLease Services IPO Recommendation Summary

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TeamLease Services IPO FAQs

TeamLease Services IPO is a main-board IPO of 4,974,438 equity shares of the face value of ₹10 aggregating up to ₹423.68 Crores. The issue is priced at ₹785 to ₹850 per share. The minimum order quantity is 15 Shares.

The IPO opens on Feb 2, 2016, and closes on Feb 4, 2016.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The TeamLease Services IPO opens on Feb 2, 2016 and closes on Feb 4, 2016.

TeamLease Services IPO lot size is 15 Shares and the minimum order quantity is .

You can apply in TeamLease Services 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 TeamLease Services IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the TeamLease Services IPO allotment status.

The TeamLease Services IPO listing date is on Friday, February 12, 2016.
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TeamLease Services IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



831. dipak |   Link |May 7, 2016 12:20:28 PM
Hey miss eagle......kindly reply...what wil you and speta Ji and all r thinking to do for both the IPO???????sell buy or hold...and kindly reply.... Me only Dipak........cya
830. dipak |   Link |May 3, 2016 10:55:13 PM
Septa Ji share your views on McDowell or united spirit..... Both long and short term no....issues sir..
829. dipak |   Link |May 2, 2016 4:12:43 PM
Thnks eagle Ji and u hav any ideas regarding investment abroad??????????
828. dipak |   Link |May 2, 2016 3:59:11 PM
Miss eagle GMp of parag and septa sir I asked kotak securities regarding investment in overseas market but they said they don''t deal in international market.. .any comments????? Where should I go
828.1. Eagleye |   Link |May 2, 2016 3:59:57 PM
IPO Guru IPO Guru (6400+ Posts, 21100+ Likes)
Parag GMP 13-15
827. dipak |   Link |Apr 29, 2016 10:22:33 PM
Yup quuite satisfactory eagle Ji.....thnks...tata
826. dipak |   Link |Apr 29, 2016 9:18:24 PM
Dnt call me sir....miss eagle...u people are giving the subscription details in evry few minutes..... my query is people deposit forms in offline mode hw r u considering DAT form??????hope I able to understand u my query
826.1. raji |   Link |Apr 29, 2016 9:28:36 PM
Sabhi offline application online ki jaati hai...
826.2. Eagleye |   Link |Apr 29, 2016 9:29:36 PM
IPO Guru IPO Guru (6400+ Posts, 21100+ Likes)

The forms which are submitted in offline mode have to uploaded on the system (done by your bankers) ... the subscription number given is including the offline forms uploaded ... which is why the RII category gets 3 hours of extra time ... their uploading is generally allowed upto 7pm although the QIB & NII categories close by 4pm ... in exceptional cases where the physical forms are too many (such as today) the time given for uploading is extended upto 9pm.

I hope this suffices your query
825. dipak |   Link |Apr 26, 2016 8:52:42 PM
Yup miss''s regarding ban of fdi in tobacco............but hw far cn it correct and what should b done only that was my query......
824. dipak |   Link |Apr 26, 2016 8:28:00 PM
Miss eagle thnks a lot and plz dnt use any prefix''s......I m only only with till date I have nt yet reached upto a class where people cn use prefix.......thnks.Mr septa and mehta Ji.if anyone knw the fate of Godfrey do share.....
824.1. Eagleye |   Link |Apr 26, 2016 8:32:13 PM
IPO Guru IPO Guru (6400+ Posts, 21100+ Likes)
did you read the ET news article I sent you ?
823. dipak |   Link |Apr 26, 2016 8:11:43 PM
Hello guys and esp eagle.....any idea regarding Godfrey Phillips??????????? Should I hold or sell it.............
823.1. Eagleye |   Link |Apr 26, 2016 8:22:03 PM
IPO Guru IPO Guru (6400+ Posts, 21100+ Likes)
my apologies dipak sir..... I cannot opine on your query .. I have not yet graduated to the study of Secondary markets ...

however ... you might like to read this news article ..

Negative and huge blow for ITC, Godrey Philip and VST

Government likely to completely ban FDI in tobacco sector -
822. dipak |   Link |Apr 25, 2016 10:46:39 PM
Eagle.hats off to u mam...............,........................................
822.1. Eagleye |   Link |Apr 26, 2016 1:59:01 AM
IPO Guru IPO Guru (6400+ Posts, 21100+ Likes)
821. dipak |   Link |Apr 25, 2016 11:15:37 AM
Will u people plz stop hapy birthday eagle and alll.kindly....she is not the only girl in d world...and dis is not forum for wishes and all.....kindly STP.
821.1. Khemka |   Link |Apr 25, 2016 11:29:16 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Today is big day of eagleye let them wishes so, it helps over- ipo fobia,
821.2. Eagleye |   Link |Apr 25, 2016 11:56:06 AM
IPO Guru IPO Guru (6400+ Posts, 21100+ Likes)
I agree with you dipakbhai,

Even I am quite overwhelmed with the flow of wishes ... quite unexpected .. given that I have been active here since only a few months .. but already everyone is treating me like family .. its a nice feeling ..

But I also conform with your point that this is not a place for personal messages .. and let us keep it strictly business
820. Gravitas |   Link |Mar 22, 2016 4:48:54 PM
Top Contributor Top Contributor (200+ Posts)
Fair value as per my assessment was in the range 550-600/-. At least I won''t have it for anything above this range....
The scrip is heavily overbought.
819. Eagleye |   Link |Mar 22, 2016 12:59:09 PM
IPO Guru IPO Guru (6400+ Posts, 21100+ Likes)
TeamLease IPO:

Current price @928
(MarketCap 1587Crs)

Dropped by 25%
from 1210 (on 16-Feb)
(MarketCap of >2000Crs)

The markets have been very strong past few weeks ... Whereas this stock is showing consistent weakness ... wonder why?

... Is it possibly becathe market has realised that their promises about inorganic growth by acquisition was a hoax ... And it is unlikely to happen ??
818. Eagleye |   Link |Mar 22, 2016 12:51:18 PM
IPO Guru IPO Guru (6400+ Posts, 21100+ Likes)
TeamLease IPO:

Current price @928
(MarketCap 1587Crs)

(MarketCap of >2000Crs)

Just wondering ... Is it possibly becathe market has realised that their promises about inorganic growth by acquisition was a hoax ... And it is not likely to happen ??
818.1. Septa |   Link |Mar 22, 2016 12:53:51 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
If quarterly result is not as good as promise this will hit hard IMO harder then indigo
818.2. Septa |   Link |Mar 22, 2016 12:54:53 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
is it true premium of infibeam has drop to high teen and only sellers other two issue no takers
817. atul |   Link |Mar 19, 2016 8:53:24 PM
Top Contributor Top Contributor (200+ Posts)
Septa ji
Is the fair value of this teamlease achieved.
Can we invest at these levels
817.2. Septa |   Link |Mar 19, 2016 9:08:38 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
i actual like CCD now with correction however it has gone up from low maybe buy on dips
817.3. atul |   Link |Mar 20, 2016 6:37:28 PM
Top Contributor Top Contributor (200+ Posts)
Speta ji
Ccd is moving in the range of 225 to 240.
As far as businesss is concern I do not find any major breakthrough they have done and effectivly utilizes the ipo amount.
Yes one initiative that is online delovery they have started.
Thanks 4 ur reply
816. madhu vishwakarma |   Link |Feb 27, 2016 12:42:52 PM
Dear Sir,
I applied for Teamlease IPO but I didnot got shares allotment.and the amount deducted from my account Rs.12750=00 is not refunded me yet.Please refund my amount as soon as posible. my application No.002E0467700118 Dated 4-2-2016 Client code is ESI187400 SBICAPSEC
816.1. Septa |   Link |Feb 27, 2016 3:50:21 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
first check with register in this case karvy after that contact ur bank and broker with info from karvy....
815. MAHESH GORDHAN PATEL |   Link |Feb 25, 2016 11:15:05 PM
bubbleye sir, ab new ipo kab anewala he
814. IPOANALYSIS |   Link |Feb 23, 2016 1:08:58 PM
surprised to see NTPC ofs issue coming through

Guys please refrain from applying this. YOU already know the fate of previous OFS issues. RECLTD, POWER FINANCE AND ENGINEER INDIA

I am surprised on the timinng for this. Look at indian markets. it is falling whereas alll aother markets are doing good. Europe markets are infact at near highs, DOW jones doing good

lease give 0 subscription in retail category and avoid at any cost

In this way you will allow market to stabilize and not suck liquidity 2) your money will be saved

let LIC come and forcefully rescue this.

Plz Plz plz avoid this at any cost

Instead buy from secondary stocks which are available in better sector

Lets make is 0 subscription in retail to send the message to Govt
813. shafin rupani |   Link |Feb 20, 2016 1:05:09 PM
Buy DB Corp @ 307 Target 320

Good Company but buy in small quantity

Buy and hold for one week
812. Septa |   Link |Feb 19, 2016 12:25:45 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
Rumours in market that teamlease have tax issue stock fell 20% now recovering 9%
812.1. Septa |   Link |Feb 19, 2016 12:30:16 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
Management on Cnbc tv18 informed that no such issue it is just rumours
812.2. Uchit Patel |   Link |Mar 5, 2016 2:59:17 PM
IPO Mentor IPO Mentor (500+ Posts, 1500+ Likes)
Septaji, What is your view on Bombay Dying? Investment at current level Rs. 44 for long term?