Spectrum Electrical IPO

Spectrum Electrical IPOSpectrum 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 
+91 22 2847 5201
 [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)

Spectrum Electrical IPO
4.3 (85%) 4 vote[s]

Leave a Reply

Your email address will not be published. Required fields are marked *