February 15, 2025
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Ciel HR Services IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to Ciel HR Services IPO?
The IPO has received Sebi nod on 14 February 2025 and now the company is expected to announced dates and price band soon.
What is the latest GMP of Ciel HR Services IPO?
Click
Ciel HR Services IPO Subscriptions
Price Rs. ? Lot ? shares, Net Rs. ? Crore |
|||||
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| Applications: / (?x) Amount wise Bids recd. Rs. ? Crore |
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What are the promoters of Ciel HR Services IPO?
The promoters of the Company are PANDIARAJAN KARUPPASAMY, HEMALATHA RAJAN, ADITYA NARAYAN MISHRA, SANTHOSH KUMAR NAIR AND DORAISWAMY RAJIV KRISHNAN
What are the Objects of Ciel HR Services IPO?
The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
The Company proposes to utilise the Net Proceeds towards funding of the following objects:
- Acquisition of additional shareholding in the following Subsidiaries:
(i) Firstventure Corporation Private Limited;
(ii) Integrum Technologies Private Limited;
(iii) Next Leap Career Solutions Private Limited; and
(iv) People Metrics Private Limited and Thomas Assessments Private Limited
- Investment in the following Subsidiaries:
(i)CIEL Skills and Careers Private Limited, towards upgradation of its HR Tech Platform,
(ii)ProSculpt; Firstventure Corporation Private Limited, towards upgradation of its learning experience platform,
(iii)Courseplay; Integrum Technologies Private Limited, towards upgradation of its HR Tech Platform, HfactoR;
(iv)Ma Foi Strategic Consultants Private Limited, towards upgradation of its HR Tech Platform, EzyComp; and
(v)Next Leap Career Solutions Private Limited, towards upgradation of its HR Tech Platform,
(vi)Jombay
3. Funding incremental working capital requirements of our Company
4. Unidentified inorganic acquisitions and
5. general corporate purposes
What is the business of Ciel HR Services?
Ciel HR Services is the only company in India that offers a comprehensive suite of technology-driven human resources solutions across the entire human resource chain impacting every part of the employee lifecycle as of June 30, 2024. It offers multiple human resource services and technology platforms catering to the needs of a wide range of sectors. Its human resource services offer targeted support in recruitment, staffing, payroll processing, strategic HR advisory, and skill development, thereby enabling organizations to attract, retain, and develop top talent effectively.
Complementing these services are its technology platforms which provide mechanisms for evaluating employee competencies, enhancing learning experiences, managing employee lifecycle, upskilling, ensuring regulatory compliance, and fostering workforce engagement. Its revenue from operations achieved a CAGR of 62.00% between Fiscal 2021 and Fiscal 2024. The HR solutions industry average CAGR was approximately 18.1% between Fiscal 2021 and Fiscal 2024.
Across its entire solutions offerings, it caters to a broad spectrum of industries. During Fiscals 2022, 2023 and 2024 and the three month period ended June 30, 2024, it served 4,019 customers. Some of its key 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.
Its business operates on asset-light model which is scalable due to low capital expenditure requirements. While the Company runs 18 offices, it has expanded its presence across the country through a business partnership model wherein it enters into agreements with business partners who possess expertise in the HR solutions industry. These business partners open offices in various locations using its brand name and source and service customers on its behalf. This model serves as a source of revenue enabling deeper market penetration. As on June 30, 2024, it has (i) 49 business partners across 33 locations; and (ii) 67 offices across India out of which 49 have been opened and are run by business partners, with a notable presence in tier two and three cities maintaining a significant footprint in the HR solutions sector in India. In addition to being asset-light, it has a proven track record of inorganic growth through acquisitions and successful integration of the acquired businesses.
For more information, click https://www.cielhr.com/
Ciel HR Services IPO GMP, Particulars & Guidance
| Ciel HR Services IPO Details | |
| IPO opens on | 2025 |
| IPO closes on | 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ? Shares / Rs ? Crore |
| * Fresh Issue | ? Shares / Rs 335 Crore |
| * Offer for Sale | 4,739,336 Shares /Rs ? Crore |
| Face Value per share: | Rs. 2 |
| Price Band | Rs. ? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered in Ciel HR Services? | Shares | Rs. in Crore |
| QIB (50 %) | ||
| NII (15 %) | ||
| RII (35 %) | ||
| Employees | – | – |
| Total Shares | ||
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in this IPO? | Amount Rs. |
|
| Min Retail Application | ||
| Max Retail Application | ||
| Small HNI (Min) application | Shares | |
| Small HNI (Max) application | Shares | |
| Big HNI Application | Shares | |
| What is the timetable of Ciel HR Services IPO? | |
| IPO opens on | 2025 |
| IPO Closes on | 2025 |
| IPO Allotment on | 2025 |
| Unblocking of Asba | 2025 |
| Credit of Shares | 2025 |
| Listing of Shares | 2025 |
| Registered Office of Ciel HR Services Plot No. 3726, Door No. 41, ‘Ma Foi House’ 6th Avenue, Q Block, Anna Nagar, Chennai 600 040, Tamil Nadu |
|
| The Lead Managers of the IPO Ambit Private Limited Centrum Capital Limited HDFC Bank Limited |
|
| Registrar to IPO | |
| Kfin Technologies Limited |
| Ciel HR Services IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Crore | Rs.in Crore | Rs. | % | |
| 2020-21 | 528.53 | 6.88 | 3.47 | 193.63 |
| 2021-22 | 800.72 | -3.15 | -1.34 | -9.40 |
| 2022-23 | 1088.20 | 10.85 | 2.55 | 12.93 |
| Book Value of the Share on 31.03.2024 |
19.83 | |||
| BV of the Share after the FPO |
Rs. | ? | ||
| Offer Price at Cap | Rs. | ? | ||
| Ratio Analysis | |
| Price /EPS | – |
| Price/Book Value Ratio | – |
| Price/BV after IPO | ? |
How Ciel HR Services IPO compares with the Peers?
Peer Comparison.
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Ciel HR Services | 2 | 1085.74 | ? |
| Quess Corp | 10 | 19100.13 | 36.26 |
| Teamlease Services | 10 | 9321.53 | 41.96 |
| Spectrum Talent | 10 | 1016.20 | 36.79 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Ciel HR Services IPO Guidance by Paresh Gordhandas, CA & Research Analyst.
Will post our review once the price band and time schedule are announced.
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