The Spectrum Electrical Industries date has not yet been confirmed. Read the post to learn about Spectrum Electrical Industries IPO GMP.
Spectrum Electrical Industries IPO is a fixed price issue of Rs 25.87 crores. The price bands are yet to be announced.
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Key Details Of Spectrum Electrical Industries IPO
Bidding Dates
Sep 17-21, 2018
Price Range
₹65 per share
Face Value
₹10 per share
GMP
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Spectrum Electrical Industries IPO GMP
The Spectrum Electrical Industries IPO GMP is ₹[ ].
IPO Overview
Spectrum Electrical IPO was launched as a fixed price issue amounting to Rs 25.87 crores. The bidding for Spectrum Electrical IPO commenced on September 17, 2018, and concluded on September 21, 2018. The shares were officially listed on NSE SME on October 1, 2018. Investors could purchase shares of Spectrum Electrical IPO at a price of ₹65 per share. The minimum lot size for an application was set at 2000 Shares, requiring a minimum investment of ₹130,000 for retail investors.
Spectrum Electrical Industries IPO Details
| IPO Date | September 17, 2018 to September 21, 2018 |
| Listing Date | October 1, 2018 |
| Face Value | ₹10 per share |
| Price | ₹65 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,980,000 shares (aggregating up to ₹25.87 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 200,000 shares |
Spectrum Electrical IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 200,000 (5.03%) |
| Other Shares Offered | 1,890,000 (47.49%) |
| Retail Shares Offered | 1,890,000 (47.49%) |
| Total Shares Offered | 3,980,000 (100%) |
Spectrum Electrical IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹130,000 |
| Retail (Max) | 1 | 2000 | ₹130,000 |
Company Profile
Spectrum Electrical Industries Limited, a company established in 2008 and based in Jalgaon, Maharashtra, specializes in the design and manufacturing of electrical, automobile, and irrigation components. As a contract manufacturer and component supplier, the company serves as a key player in the industry. Operating under a B2B model, Spectrum Electrical offers comprehensive product solutions to its customers. These solutions encompass global sourcing, manufacturing, quality testing, packaging, and logistics. Additionally, the company provides intermediate stage products to its clientele.
Moreover, Spectrum Electrical Industries Limited holds prestigious certifications including ISO 14001:2015 and ISO 9001:2015, which further validate its commitment to quality and excellence. With a diverse clientele, the company serves both domestic and global Original Equipment Manufacturers (OEMs) in the automobile sector. Some of its The manufacturing facilities of Spectrum Electrical are situated in Jalgaon and Nashik, Maharashtra. In terms of financial performance, the company recorded a turnover of 10,020.41 lakhs, 9,503.07 lakhs, and 8,085.99 lakhs in fiscal years 2017, 2016, and 2015 respectively. Furthermore, the company achieved a profit after tax (PAT) of 349.70 lakhs, 247.04 lakhs, and 184.66 lakhs in fiscal years 2017, 2016, and 2015 respectively.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Spectrum Electrical Industries ltd |
| Phone number | 0257 2210 192 |
| Email ID | [email protected] |
| Website | spectrum-india.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Spectrum Electrical Industries IPO FAQs
What is the lot size of Spectrum Electrical IPO?
The lot size for Spectrum Electrical IPO is 2000 shares, with a minimum investment amount of ₹130,000.
What is Spectrum Electrical IPO?
Spectrum Electrical IPO consists of 3,980,000 equity shares with a face value of ₹10 each, totaling ₹25.87 Crores. Each share is priced at ₹65, with a minimum order quantity of 2000 shares. The IPO will be available for subscription from September 17, 2018, to September 21, 2018.
