CIEL HR Services Ltd. IPO Details
CIEL HR Services Ltd. was incorporated on August 23, 2010. The company offers various human resource services and technology platforms for diverse sectors. Its HR services include recruitment, staffing, payroll, strategic advisory, and skill development to help organizations attract, retain, and develop top talent
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 4.7 M | - | - | ₹3,350.0 M | DRHP DOC |
CIEL HR Services issue details
CIEL HR Services has 4.7 M shares on offer
CIEL HR Services IPO issue size is ₹ 3,350.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
CIEL HR Services IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
CIEL HR Services NUMBER OF SHARES ON OFFER
CIEL HR Services FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY25 | 31.7 | 3,251.8 | 53.4 | -8.7 | 12.4% |
| FY24 | 108.5 | 10,857.4 | -52.6 | -168.6 | 25.4% |
| FY23 | -31.5 | 7,996.4 | -171.6 | -239.4 | 37.4% |
| FY22 | 68.8 | 5,275.5 | -71.2 | -92.8 | -8.7% |
CIEL HR Services INFORMATION ON IPO ISSUE
About CIEL HR Services
CIEL HR Services Ltd. was incorporated on August 23, 2010. The company offers various human resource services and technology platforms for diverse sectors. Its HR services include recruitment, staffing, payroll, strategic advisory, and skill development to help organizations attract, retain, and develop top talent
Object of the Issue
- Acquisition of additional shareholding in the subsidiaries Firstventure Corporation, Integrum Technologies, Next Leap Career Solutions, People Metrics & Thomas Assessments
- Investment in the following subsidiaries ProSculpt, Courseplay, HfactoR, EzyComp & Jombay
- Funding incremental working capital requirements of the company
- Unidentified inorganic acquisitions and general corporate purposes
CIEL HR Services - PROMOTERS
| Name |
|---|
| Pandiarajan Karuppasamy |
| Hemalatha Rajan |
| Aditya Narayan Mishra |
| Santhosh Kumar Nair |
| Doraiswamy Rajiv Krishnan |
CIEL HR Services Book Running Lead Manager
Ambit Private Limited
ciel.ipo@ambit.co
Centrum Capital Limited
ciel.ipo@centrum.co.in
HDFC Bank Limited
cielhr.ipo@hdfcbank.com
CIEL HR Services Registrar to the Offer
KFin Technologies Limited
cielhr.ipo@kfintech.com
CIEL HR Services Strengths
Technology driven
The company is the only technology-driven and integrated human resources solutions company in India, covering all aspects of the HR value chain
Nationwide presence
The company has achieved a nationwide presence through a business partner model. By partnering with experts in corporate sales, recruitment, and HR services, these partners use their brand, acquire new customers, service existing ones, and cross-sell HR solutions, contributing to their revenue
In-house capabilities
The Indian workplace is shifting from traditional office spaces to a more distributed workforce model. This change has driven the rapid adoption of HR tech solutions, enabling companies to manage dispersed teams and improve employee experience
CIEL HR Services Risks
Low margins
The company's EBITDA margins of its HR Services segment, which contributed 96.82% to revenue in FY24, are relatively low. Failure to improve these margins could negatively impact overall profitability, operations, and cash flow
Dependent on proprietary technology
The company relies on proprietary technology for critical business functions. Failure to maintain or upgrade this technology may disrupt or lower the quality of solutions, affecting its ability to service clients and impact operations. Additionally, its results could be negatively affected if technology investments do not yield the expected outcomes
Dependent on few customers
A significant portion of the business comes from the top 10 large customers. Any decline in its financial condition or prospects could negatively impact the business
IPO FAQs
The promoters of the company are Pandiarajan Karuppasamy, Hemalatha Rajan, Aditya Narayan Mishra, Santhosh Kumar Nair and Doraiswamy Rajiv Krishnan.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.