Spectrum Electrical Industries Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

17 Sep 2018

Close Date

21 Sep 2018

Allotment

27 Sep 2018

Listing Date

01 Oct 2018

Exchange

NSE SME

Price Band

₹65

Listing Price

See chart

Allotment Status

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Price Band

₹65

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

39,80,000 shares (aggregating up to ₹25.87 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹130,000

1 lot

Pre-IPO Holding

1,11,39,840 shares

Promoters

Post-IPO Holding

1,51,19,840 shares

Promoters

UPI Deadline

2018-09-21

Mandate

Anchor AllotmentSun, 16 Sep 2018

Basis of AllotmentThu, 27 Sep 2018

Refund InitiationFri, 28 Sep 2018

Demat CreditFri, 28 Sep 2018

Listing DayMon, 01 Oct 2018

UPI Mandate Deadline2018-09-21

Sale TypeFresh Capital

Net Offer to Public37,80,000 shares (aggregating up to ₹24.57 Cr)

Market Maker Quota2,00,000 shares (aggregating up to ₹1.30 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Spectrum Electrical Industries Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 21 Sep 2018.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	200,000	—	₹1.30
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,980,000	100%	₹25.87

IPO Shares Offered

Spectrum Electrical Industries Ltd. IPO total issue size: ₹25.87 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	200,000	₹1.30	5.03%
Total	3,980,000	₹25.87	100.00%

* Based on upper price band ₹65 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹65.00

Upper Band

Min Investment

₹130,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹260,000
Retail (Max — 13 Lots)	13	26,000	₹1,690,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,820,000
B-HNI (Min — 68 Lots)	68	136,000	₹8,840,000

* Issue Price ₹65 × Lot Size 2,000 shares

IPO Schedule

Anchor

16 Sep 2018

✓ Done

IPO Open

17 Sep 2018

✓ Done

IPO Close

21 Sep 2018

✓ Done

Allotment

27 Sep 2018

✓ Done

Refunds

28 Sep 2018

✓ Done

Demat Credit

28 Sep 2018

✓ Done

Listing Day

01 Oct 2018

✓ Done

₹65.00

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Issue ₹65.00 Live Price

About Spectrum Electrical Industries Ltd.

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.=

Objects of the Issue

1 To set up a Zinc Plating plant at Umale

2 To meet long term working capital requirements

3 General Corporate Purposes

Spectrum Electrical Industries Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹215.9

31-Mar-16

₹659.8

31-Mar-17

₹11,983.2

31-Mar-18

Profit After Tax (PAT)

₹30.0

31-Mar-16

₹53.3

31-Mar-17

₹590.3

31-Mar-18

Particulars	31-Mar-18	31-Mar-17	31-Mar-16
Revenue from Operations	11983.24	659.77	215.88
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	590.32	53.27	30.03
Net Worth	N/A	N/A	N/A
Total Assets	10763.34	2506.00	1491.32
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered39,80,000 (100.00%)

Net Offer to Public37,80,000 shares (aggregating up to ₹24.57 Cr)

Reserved for Market Maker2,00,000 shares (aggregating up to ₹1.30 Cr)

Pre-Issue Promoter Holding1,11,39,840 shares

Post-Issue Promoter Holding1,51,19,840 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

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Book Running Lead Managers

Arihant Capital Markets Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Spectrum Electrical Industries Ltd. IPO subscribed? ▲

Spectrum Electrical Industries Ltd. IPO is subscribed 1.00 times by Sep 21, 2018. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Spectrum Electrical Industries Ltd. IPO retail subscription status? ▼

The Spectrum Electrical Industries Ltd. IPO retail category is subscribed 1.00 times as of 21 Sep 2018. The retail portion is oversubscribed.

How to subscribe Spectrum Electrical Industries Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 17 Sep 2018 and closes 21 Sep 2018. Min investment: ₹130,000 (1 lot = 2,000 shares). UPI mandate: 2018-09-21.

How many times Spectrum Electrical Industries Ltd. IPO subscribed? ▼

The Spectrum Electrical Industries Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Spectrum Electrical Industries Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 27 Sep 2018. Refunds: on 28 Sep 2018.

When Spectrum Electrical Industries Ltd. IPO will be listed? ▼

The Spectrum Electrical Industries Ltd. IPO listing date is 01 Oct 2018, Monday. Listed on: NSE SME. Issue price: ₹65. Estimated listing: ₹65. GMP: NIL.

When Spectrum Electrical Industries Ltd. IPO close? ▼

The Spectrum Electrical Industries Ltd. IPO closes on 21 Sep 2018, Friday. UPI mandate: 2018-09-21. Allotment: 27 Sep 2018. Listing: 01 Oct 2018.

Quick Actions

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Live Price LIVE

Last Price₹65.00

Change—

Issue Price₹65.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹65

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹130,000

GMPNIL

Est. Listing₹65

Subscribed1.00x

Open Date17 Sep 2018

Close Date21 Sep 2018

Allotment27 Sep 2018

Listing Date01 Oct 2018

ExchangeNSE SME

UPI Deadline2018-09-21