सीआयईएल एचआर सर्व्हिसेसला सेबीकडून अंतिम निरीक्षण प्राप्त

टेक्नॉलॉजी-चालित एचआर सोल्यूशन्स प्रदाता सीआयईएल एचआर सर्व्हिसेस त्यांच्या प्रारंभिक सार्वजनिक ऑफरिंग (IPO) साठी सिक्युरिटीज अँड एक्सचेंज बोर्ड ऑफ इंडिया (SEBI) कडून अंतिम निरीक्षण प्राप्त झाल्यानंतर सार्वजनिक होण्यासाठी तयार आहे. The company had initially submitted its Draft Red Herring Prospectus (DRHP) to the market regulator on November 21, 2024.

As investors eagerly await further updates, here are the essential details of the proposed IPO, as outlined in the DRHP.

Structure of CIEL HR Services IPO

The IPO will consist of:

• A fresh issue of equity shares amounting to ₹335 crore.
• An offer for sale (OFS) of up to 4,739,336 equity shares by existing shareholders.
• Each equity share has a face value of ₹2.
   

Promoters participating in the OFS include Pandiarajan Karuppasamy, Hemalatha Rajan, Aditya Narayan Mishra, Santhosh Kumar Nair, and Doraiswamy Rajiv Krishnan. Additionally, Ganesh S Padmanabhan, Mohit Gundecha, and Muhil Nesi Vivekanandah are among other shareholders selling their stakes. Post-issue, the company’s equity shares will be listed on the BSE and NSE.

CIEL HR Services IPO Price Band & Lot Size

The Offer Price, Price Band, and minimum Bid Lot will be determined in coordination with the book-running lead managers. These details will be publicly announced at least two working days before the Bid/Offer opens and will also be uploaded on the stock exchanges' websites.

Objectives of CIEL HR Services IPO

The company will not receive proceeds from the OFS; instead, the selling shareholders will receive their respective portions after deducting applicable expenses and taxes.

However, the company plans to utilize the Net Proceeds for:

• Acquiring additional shareholding in its subsidiaries.
• Investing in its subsidiaries.
• वाढीव वर्किंग कॅपिटल आवश्यकता पूर्ण करणे.
• Potential inorganic acquisitions.
• सामान्य कॉर्पोरेट उद्देश.
• IPO Registrar & Lead Managers
   

The IPO registrar is KFin Technologies, while the book-running lead managers include Ambit, Centrum Capital, and HDFC Bank.

Financial Performance of CIEL HR Services

As per its DRHP, CIEL HR Services reported a profit of ₹9.98 crore in FY24, compared to a loss of ₹2.90 crore in FY23. The company’s revenue surged to ₹1,085.73 crore in FY24, up from ₹799.63 crore in FY23. However, expenses also increased from ₹803.30 crore in FY23 to ₹1,075.74 आर्थिक वर्ष 24 मध्ये कोटी.

About CIEL HR Services

CIEL HR Services specializes in comprehensive human resource solutions and technology-driven platforms catering to various industries. Its services encompass recruitment, staffing, payroll management, strategic HR advisory, and skill development, helping businesses attract, retain, and develop top talent efficiently.

The company follows an asset-light operational model, allowing it to scale effectively while maintaining low capital expenditure.