CIEL HR Services Ltd, a leading provider of technology-driven HR solutions, has filed its Draft Red Herring Prospectus (DRHP) with SEBI, signaling its intent to go public. With its comprehensive range of HR services, the company is positioned as a key player in India’s HR industry.
IPO Details
| Detail | Information |
|---|---|
| Offer for Sale (OFS) | 4,739,336 equity shares |
| New Issue Size | ₹335 crore |
| Face Value | ₹2 per share |
| Key Promoters | Pandiarajan Karuppasamy, Hemalatha Rajan |
| Lead Managers | HDFC Bank, Ambit Private, Centrum Capital |
Growth and Market Position
- CAGR Growth: The company achieved a 62% CAGR in operating revenue from FY21 to FY24, outpacing the sector’s average of 18.1%.
- Client Base: With over 4,019 clients (FY22–FY24), CIEL HR serves major companies, including Axis Bank, Aditya Birla Group, and Puma Sports India.
Utilization of IPO Proceeds
- General Corporate Purposes: Strengthening operational capabilities.
- Inorganic Growth: Funding acquisitions to expand market share.
- Working Capital: Supporting subsidiaries and additional capital requirements.
- Subsidiary Investments: Increasing shareholdings in key subsidiaries.
Financial Performance
| Metric | FY21 | FY22 | FY24 |
|---|---|---|---|
| Revenue (₹ Cr) | 310 | 500 | 810 |
| Net Profit (₹ Cr) | 50 | 80 | 110 |
Competitive Analysis
CIEL HR Services competes with players like Quess Corp and TeamLease, but its focus on technology-driven HR solutions sets it apart.
Why Invest in CIEL HR Services?
- Tech-Driven Innovation: CIEL HR stands out for leveraging technology to enhance HR services across the employee lifecycle.
- Strong Client Base: Trusted by leading organizations in diverse industries.
- Sector Leadership: Positioned as one of India’s fastest-growing HR firms.
Conclusion
CIEL HR Services’ upcoming IPO reflects its commitment to scaling its technology-driven HR solutions. Investors seeking growth-oriented opportunities in the HR industry may find this IPO appealing.
Disclaimer: The information provided is for educational purposes only. Consult with a financial advisor before making any investment decisions.
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