Spectrum Electrical IPO is all set to make its debut on 17th Sept 18 with 25.87 Cr is a company engaged in the business of manufacturing, marketing, and sourcing of Plastic Sheet, Lamination Sheet, Folders, I-cards, and files. The products have wide application in printing and stationery.
Spectrum Electrical IPO – overview
| IPO Dates | 17-21 sept 18 |
| IPO Price | INR 65 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 2,390,000 shares (INR 25.87 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Spectrum Electrical IPO – Tentative Dates
| IPO Offer Opening Date | 21 Sept 2018 |
| IPO Closing Date | 27 Sept 2018 |
| Finalization of Basis of Allotment | 3 Oct 2018 |
| Initiation of refunds | 4 Oct 2018 |
| Transfer of shares to demat accounts | 5 Oct 2018 |
| IPO Listing Date | 8 Oct 2018 |
Company Overview
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 supplier 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.
Objects of the Issue
- To purchase of Machinery and Equipment to manufacture the Laminated sheet, Wiro and PP Sheet suitable for stationery and office products;
- Fund the Working Capital Requirements of the Company- Rs 620 lakhs.
- General Corporate Purposes.
- Issue Expenses
Company Financials
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 2,477.39 | 1,719.42 | 1,483.16 |
| Total Revenue | 2,743.25 | 1,701.04 | 1,557.20 |
| Profit After Tax | 105.62 | 27.78 | 19.94 |
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
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Spectrum Electrical IPO Lead Manager(s)
- Arihant Capital Markets Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
