Spectrum Electrical Industries Limited IPO

Spectrum Electrical Industries Limited was established in 2008, Spectrum Electrical Industries Limited is Jalgaon, Maharashtra based. Our surface coatings division is well equipped with latest state of the art equipments. Our plants are having manual to fully automatic microprocessor controlled coatings systems.

We are an ISO 9001:2015 certified company, 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.

Spectrum is known as a top brand being pioneer in surface coatings in the electrical switchgear and automotive segments and is EHS compliant. We undertake Zinc, Nickel, Tin, Copper, Silver and Gold electroplating of metal components to customers exacting quality requirements. Divisions current output is 150MT/day and covers zinc, Nickel, Cu, Tin, Silver Plating.

Spectrum Electrical Industries Limited IPO Details
Issue Open	17-09-2018
Issue Close	21-09-2018
Allotment Date	28-09-2018
Unblocked Amount	29-09-2018
Listing Date	01-10-2018
Issue Share	39,80,000 Total Equity Share 2,00,000 Reserved by Market Maker 37,80,000 Equity Share
Issue Size	₹ 25.87 Cr
IPO Price Band	₹ 65
Minimum Share Bid [Lost Size]	2000
Minimum Investment Amount [Rs]	₹ 1,30,000
Face Value	₹ 10
Retail Allocation	50%
Listing On	NSE SME

Spectrum Electrical Industries Limited IPO Grey Market Premium GMP]
Latest Update	Premium	Kostak	Subject to Sauda	Recommended
17-09-2018 : 08:00 PM	-	-	₹ -	Avoid

Spectrum Electrical Industries Limited IPO Financial details [in Rs, Cr]
Financial Year	Total Revenue	Total Expenses	Profit After Tax
FY-2013	-	-	-
FY-2014	-	0.05	-0.05
FY-2015	0.013	0.011	0.017
FY-2016	2.15	1.76	0.30
FY-2017	6.59	5.96	0.53
FY-2018	119.83	111.72	5.90
-	-	-	-

Spectrum Electrical Industries Limited IPO Valuation Details
Earnings Per Share [EPS]	₹ 5.30
Price/Earnings [P/E] Ratio	12.26
Return on Net Worth [RoNW]	17.50 %
Net Asset Value [NAV]	₹ 30.28 Per Share

Spectrum Electrical Industries Limited IPO Subscription Details
As on Date	QIB/NII	RII	Total
Shared Offred	18,90,000	18,90,000	37,80,000
Day-1 [17-09-2018]	- [-]	- [-]	- [-]
Day-2 [18-09-2018]	3,86,000 [0.20]	86,000 [0.04]	4,72,000 [0.12]
Day-3 [19-09-2018]	4,10,000 [0.21]	1,20,000 [0.06]	5,30,000 [0.14]
Day-4 [21-09-2018]	37,56,000 [1.98]	10,52,000 [0.56]	48,08,000 [1.27]

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Spectrum Electrical Industries Limited IPO Recommendations
Live IPO Team Recommendation:- Avoid

Spectrum Electrical Industries Limited IPO Contact Details
Spectrum Electrical Industries Limited Plot No. V -195, MIDC Area, Ajanta Road, Jalgaon- 425 003, Maharashtra Tel : 0257 2210 192 website: www.spectrum-india.com

Registrar of Spectrum Electrical Industries Limited IPO
BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis Makwana Road, Marol, Andheri (East), Mumbai – 400 059 Tel No.: +91 22 6263 8200 Fax No.: +91 22 6263 8299 Email: ipo@bigshareonline.com Website:www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Mr. Ashok Shetty SEBI Registration No.: INR000001385

Lead Managers of Spectrum Electrical Industries Limited IPO
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 Website: www.arihantcapital.com Email:mbd@arihantcapital.com Contact Persons: Mr. Amol Kshirsagar/ Mr. Ankur Sharma