The CIEL HR Services SME IPO has been announced and its dates are awaited, with the shares to list on BSE, NSE. Kfin Technologies Ltd is the registrar to the issue, and Ambit Pvt.Ltd., Centrum Capital Ltd., HDFC Bank Ltd are the lead managers.
CIEL HR Services Limited provides a number of human resource services and technology solutions to meet the requirements of different kinds of industries. The human resource services of the company provide specific support with respect to recruitment and placement solutions, payroll processing solutions, human resource advisory solutions, and skill development solutions.The HR Tech platforms being offered by the company include: Talent Assessment and Development, Talent Engagement, Employee learning experience, Human Resource Management System, Fresher upskilling, and Statutory Compliance Management.
The services offered in HR Services of the Company are as follows: a. Professional Staffing b. Value Staffing c. Search & Selection & Recruitment Process Outsourcing d. HR The company Ciel HR Services Limited has a customer base of 4,019.
The major customers include Scootsy Logistics Private Limited, a wholly owned subsidiary of Swiggy Limited, Puma Sports India Private Limited, Niva Bupa Health Insurance Company Limited, Axis Bank Limited, Brigade Enterprises Limited, Blue Star Limited, and Aditya Birla Group, among others. Thus, as on June 30, 2024, the group has (i) 49 business partners at 33 locations;
and (ii) 67 offices in India out of which 49 offices have been opened and are operated by business partners, marking a strong presence in tier two and three cities, establishing itself significantly in the HR solutions market in India.
As described in the offer document.
| Metric | 30-Jun-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
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Pandiarajan Karuppasamy, Hemalatha Rajan, Aditya Narayan Mishra, Santhosh Kumar Nair, Doraiswamy Rajiv Krishnan.
Work out the listing gain for this SME IPO
Applications are made through ASBA, where the money is blocked in your own bank account rather than paid, or through a UPI mandate for applications up to five lakh rupees. Through your broker's app, choose the issue, the number of lots and the price; bid at the cut-off price so that the application is valid whatever price the issuer finally fixes; and approve the UPI mandate that arrives from your bank.
Through net banking, the ASBA form in your bank's IPO section does the same without a broker. One application per PAN counts; a second application in the same name is rejected, though applications in family members' names with their own PANs and demat accounts are separate.
Retail applications are capped at two lakh rupees; above that you apply as a non-institutional investor, where allotment is proportionate rather than by lottery. The money stays in your account and earns interest until allotment, and the block is released on the allotment date if you receive nothing.
The expected listing premium, usually called the grey market premium, is the amount per share that unofficial dealers are quoting for the issue before it lists. It is a sentiment reading, not a price you can transact at, and it is not regulated by SEBI or the exchanges. It moves through the day, usually tracks subscription, and often changes sharply in the final hours before listing.
Rupix records every observation and shows the trend, as a percentage of the top of the price band so that issues of different sizes can be compared. It is one input, alongside subscription, the company's financials and the valuation the issue asks for, and it does not predict the listing price.
CIEL HR Services IPO is a book-built issue, proposed to be listed on BSE and NSE. The IPO dates, price band and lot size are yet to be announced. Kfin Technologies Ltd. is the registrar. Ambit Pvt. Ltd. and 2 other book running lead managers manage the issue.
The price details for CIEL HR Services IPO are not available yet.
The lot size of CIEL HR Services IPO is not announced yet.
The minimum investment for CIEL HR Services IPO is not announced yet.
CIEL HR Services IPO opening and closing dates are not announced yet. We will update the CIEL HR Services IPO opening and closing dates as soon as they are available.
CIEL HR Services IPO allotment date is not announced yet. We will update the CIEL HR Services IPO allotment date as soon as it is available.
CIEL HR Services IPO listing date is not announced yet. We will update the CIEL HR Services IPO listing date as soon as it is available.
No recorded Grey Market Premium (GMP) quote is currently available for CIEL HR Services IPO. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check CIEL HR Services IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the CIEL HR Services IPO allotment status on Rupix for quick and easy access.