Spectrum Electrical IPO Overview – Spectrum Electrical Industries is engaged in the business of designing and manufacturing of electrical, automobile and irrigation components as contract manufacturers and as component suppliers to leading industry players on Business-to-Business (B2B) model. The company offers integrated design and manufacturing solutions for local and internationally recognised brands in the electrical products industry. It has developed ability to manufacture most of these products from the concept and design stage up to the final delivery to the customer’s distribution network thereby covering the entire value chain.
It undertakes production and supply of finished products and intermediate-stage products for its customers on contract basis depending upon the demand from them. Spectrum Electrical’s manufacturing units are located at Jalgaon & Nashik in Maharashtra. It also has a commercial tool room with modern infrastructure backed by an experienced team. The company offers comprehensive design services, ranging from product conceptualisation, designing, technical detailing, tooling and productivity improvement services.
Promoters of Spectrum Electrical Industries– Mr Deepak Chaudhari
| Spectrum Electrical Industries IPO details | |
| Subscription Dates | 17 – 21 September 2018 |
| IPO Price band | INR65 per share |
| Fresh issue | 3,980,000 shares (INR25.87 crore) |
| Offer for sale | Nil |
| Total IPO size | 3,980,000 shares (INR25.87 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Setting up a Zinc Plating plant at Umale – INR7.50 crore
- Working Capital Requirement – INR10.00 crore
- General Corporate Purpose – INR5.87 crore
- Issue Expenses – INR2.50 crore
| Spectrum Electrical Industries’ financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 0.00 | 0.14 | 2.16 | 6.60 | 119.83 | |
| Total expenses | 0.05 | 0.11 | 1.78 | 5.93 | 111.73 | |
| Profit after tax | -0.05 | 0.02 | 0.30 | 0.53 | 5.90 | |
Spectrum Electrical’s Contact Details
Spectrum Electrical Industries Limited
Plot No. V -195, MIDC Area
Ajanta Road
Jalgaon- 425 003
Phone: +91 0257 2210 192
Email: [email protected]
Website: www.spectrum-india.com
Spectrum Electrical IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.10 |
| Day 2 | 0.12 |
| Day 3 | 0.13 |
| Day 4 | 1.21 |
Spectrum Electrical Valuation (For FY2018)
Earnings Per Share (EPS): INR5.30
Price/Earnings (P/E) ratio: 12.26
Return on Net Worth (RONW): 17.50%
Net Asset Value (NAV): INR30.28 per share
Registrar of Spectrum Electrical IPO
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: [email protected]
Website: www.bigshareonline.com
Spectrum Electrical IPO Allotment Status
Spectrum Electrical IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Spectrum Electrical
IPO Opening Date: 17 September 2018
IPO Closing Date: 21 September 2018
Listing Date: 1 October 2018
Listing Price on NSE SME: INR66.5 per share (up 2.31% from IPO price)
Closing Price on NSE SME: INR65.5 per share (up 0.77% from IPO price)