Spectrum Electrical focus has been on providing one-stop-shop solutions mainly to manufacturers of electrical products and components in India. The Company offer integrated design and manufacturing solutions for local and internationally recognized brands in the electrical products industry. Spectrum Electrical IPO comprises of 39,80,000 Equity shares, face value of Rs.10 each.
Let’s have a detailed review of the company and analytics of the Spectrum Electrical IPO release date, IPO offer price, subscription, Spectrum Electrical IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Spectrum Electrical IPO Review & Ratings
|Spectrum Electrical IPO Ratings & Review|
|Top Brokers Review||6.3/10|
Summary of Spectrum Electrical IPO
Spectrum Electrical focus has been on providing one-stop-shop solutions mainly to manufacturers of electrical products and components in India. The Company offer integrated design and manufacturing solutions for local and internationally recognized brands in the electrical products industry.The Company offer end-to-end product solutions to their customers under the B2B model wherein they provide services ranging from global sourcing, manufacturing, quality testing and packaging to logistics. The Company also offer products in the intermediate stages to many of their customers. Spectrum Electrical IPO comprises of 39,80,000 Equity shares, face value of Rs.10 each.
From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,
From fiscal 2016 to 2017, company’s revenue from operations and net profit has increased at a growth rate of 205.2% and 71.02%, respectively.
For the period ended March 31, 2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs.11,954.82 Lakhs, Rs. 658.80 Lakhs and Rs. 215.88 Lakhs, respectively representing growth of 205.20% from the FY 2015-16 to FY 2016-17. For the period ended March 31, 2017, FY 2016-17 and FY 2015-16 our net profit was Rs. 810.28 Lakhs, Rs. 66.53 Lakhs and Rs. 38.90 Lakhs, respectively, representing a growth of 71.02 % from the FY 2015-16 to FY 2016-17.
- During the financial year 2017-18 the Other Income of our company increased to Rs. 28.42 Lakhs as against Rs. 0.97 Lakhs for the financial year 2016-17 .
- Company’s Net Profit after tax for the year 2016-17 is Rs.590.32 Lakhs from the year 2015-16 of Rs.53.27 Lakhs .
The Promoter of this company is Mr. Deepak Chaudhari. The lead manager to the issue is Arihant Capital Markets Limited and the Registrar to this issue is Bigshare Services Private Limited .
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Spectrum Electrical IPO Date
The opening and the closing date of IPO of Spectrum Electrical is 17 Sept 2018 – 21 Sept 2018.
Spectrum Electrical IPO Subscription
|Day / Date||QIB||NII||RII||Total Subscription|
|Day 1: 17 Sept 2018||–||0.18x||0.02x||0.10x|
|Day 2: 18 Sept 2018||–||0.20x||0.05x||0.12x|
|Shares Offered or Net Issue||–||1,890,000||1,890,000||3,780,000|
Spectrum Electrical IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Spectrum Electrical IPO Price Band
The face value of each share is Rs 10, but the price band or the cash price is Rs 65 each.
Spectrum Electrical IPO Equity Share Offering
39,80,000 Equity Shares of Rs 10/- each but Issue Price or cash price is Rs 65 each; aggregating to Rs. 2,587.00 Lakhs. The Net Issue offered to the Public is 37,80,000 equity shares at cash price of Rs 65 each, aggregating to Rs. 2,457 Lakhs.
Spectrum Electrical – Company Overview
Spectrum Electrical focus has been on providing one-stop-shop solutions mainly to manufacturers of electrical products and components in India. The Company offer integrated design and manufacturing solutions for local and internationally recognised brands in the electrical products industry.The Company offer end-to-end product solutions to their customers under the B2B model wherein they provide services ranging from global sourcing, manufacturing, quality testing and packaging to logistics. The Company also offer products in the intermediate stages to many of their customers.
The Company manufacturing unit(s) are located at Jalgaon & Nashik in Maharashtra. The Company also has a commercial tool room with modern infrastructure backed by an experienced team. The Company offer comprehensive design services, ranging from product conceptualisation, designing, technical detailing, tooling and productivity improvement services resulting in improved manufacturing processes for our customers’ products
The Company is promoted by Mr. Deepak Chaudhari and Mrs. Bharti Chaudhari and is the guiding force behind the growth and strategic decisions of the Company.
Competitive Strengths of Spectrum Electrical :
- Strong in-house capabilities of product and engineering design –
- Multi-Technological capabilities and integrated offerings such as tool room, injection moulding, sheet metal fabrication, stamping, metal finishing and surface treatments
- Sustainable business model with low risk having industry leaders as our customers
- In house R&D enables us to quickly develop products and adapt to the needs of our clients
- SAP S/4 HANA implemented by Company for digital enterprise operations
- UL certified moulding manufacturing process
- High standard of product quality and customer service –
- Availability of up-to-date infrastructure enabling us to meet bulk requirements of clients
- Experienced management team
Business strategies of Spectrum Electrical :
- Continue to focus on Contract Manufacturing model
- Leverage existing customer relationship to supply new products and value added services
- Diversification into new Industries
- Entry into new geographies
Spectrum Electrical – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
|Amount (in INR & Lakhs)|
|Profit After Tax||590.32||53.27||30.03||1.73||(5.39)|
Earnings per Equity Share (in Lakhs)
|Basic and Diluted||5.30||1.07||0.60|
From the above statements, one could find that the Spectrum Electrical may perform well.
Spectrum Electrical IPO – Promoters
The Promoter of this company are:
- Mr. Deepak Chaudhari
- Mrs. Bharti Chaudhari
List of Related Parties (Key Managerial Personnel)
- Mr. Satish Jaiswal
- Mr. Gajanan Sanglea
- Mr. Rajendra Wani
- Mr. Rahul Rane
- Mr. Govardhan Reddy
- Mr. Balu Patil
- Mr. Nishikant Somvanshi
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Spectrum Electrical IPO Offer Details or Issue Details
|Particulars||No. Of Equity Shares|
|Equity Shares Offered||39,80,000 Equity Shares of Rs.10/- each for cash at a premium of Rs. 55/- per Equity Share aggregating Rs. 2,587.00 Lacs.|
|Reserved for Market Makers||2,00,000 Equity Shares of Rs.10/- each for cash at a premium of Rs. 55/- per Equity Share aggregating Rs. 130 Lacs.|
|Net Issue to the Public||37,80,000 Equity Shares of Rs.10/- each for cash at a premium of Rs. 55/- per Equity Share aggregating Rs. 2,457.00 Lacs|
|Equity Shares outstanding prior to the Issue||1,11,39,840 Equity Shares of Rs. 10/- each|
|Equity Shares outstanding after the Issue||1,51,19,840 Equity Shares of Rs. 10/- each|
Spectrum Electrical IPO Issue Object
These are the IPO Issue Objects of the company:
- Setting up of Zinc plating plant at Umale (Rs. 750 lakhs)
- To meet long-term working capital requirements (Rs.1,000 lakhs)
- General Corporate purposes (Rs. 587.00 lacs)
- Issue Expenses (Rs. 250 lacs)
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Spectrum Electrical IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Proven track-record of the Promoter, Mr. Deepak Chaudhari in creating, establishing and growing the business into an integrated, multi-technology electrical components designing and manufacturing company;
- Emerged as reliable supplier of wide range of high quality intermediate and finished products to leading names in the electrical industry;
- Top customers include marquee brands like Legrand, Schneider and Anchor-Panasonic;
- Well-equipped manufacturing facilities with in-house tool room;
- Dedicated research and development capabilities focussed on improved production processes, cost savings and better product performances;
- Huge growth potential through entry into new geographies;
- Strong financial performance and stable cash flows
The relevant quantitative factors are:
|Basic & Diluted EPS||RONW (%)||NAV (Rs.)|
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Spectrum Electrical IPO Lead Managers
|Arihant Capital Markets Limited
SEBI Registration No: INM000011070
1011, Solitaire Corporate Park, 1st floor
Guru Hargovindji Road, Chakala,
Andheri (East), Mumbai – 400 093
Tel. :022-42254800; Fax. :022- 42254880
Contact Persons: Mr. Amol Kshirsagar/
Mr. Ankur Sharma
Spectrum Electrical IPO Registrar to offer
|Registrar to the Offer|
|Bigshare Services Private Limited
SEBI Registration No: INR000001383
E/2, Ansa Industrial Estate,
Saki Vihar Road,
Andheri (E), Mumbai-400072
Tel: 022-40430200; Fax: 022-28475207
E-Mail: [email protected]
Contact Person : Mr. Ashok Shetty
- Statutory Auditor – M/s. S. D. Chopde & Co., Chartered Accountants
- Peer Review Auditor – M/s. HMA & Associates, Chartered Accountants
- Bankers to the Company – Axis Bank Limited
Spectrum Electrical IPO Review by Top 10 Stock Brokers
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Spectrum Electrical IPO Grey Market Premium
The Spectrum Electrical IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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Spectrum Electrical IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
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