{"id":5092,"date":"2024-11-21T10:04:37","date_gmt":"2024-11-21T04:34:37","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5092"},"modified":"2024-11-21T10:04:38","modified_gmt":"2024-11-21T04:34:38","slug":"ciel-hr-services-files-for-ipo-plans-rs-335-crore-fresh-issue","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/ciel-hr-services-files-for-ipo-plans-rs-335-crore-fresh-issue\/","title":{"rendered":"Ciel HR Services Files for IPO, Plans Rs 335 Crore Fresh Issue"},"content":{"rendered":"\n<p>Staffing firm Ciel HR Services aims to go public by filing draft papers with SEBI to raise funds through an initial public offer. It consists of a fresh issue of shares worth Rs 335 crore and an OFS of 47.39 lakh shares by existing shareholders, including promoters.<\/p>\n\n\n\n<p>Technology-driven HR solutions provider Ciel HR Services operates an asset-light model with low capital expenditure. The company has also enhanced its portfolio by acquiring businesses such as Jombay, Aargee Staffing Services, and Courseplay since FY22. Recently, it acquired a 51% stake in People Metrics and Thomas Assessments, making them its subsidiaries.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Key Details of the IPO:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Fresh Issue Size<\/strong>: Rs 335 crore.<\/li>\n\n\n\n<li><strong>Use of Proceeds<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Rs 40.7 crore for increasing stake in subsidiaries.<\/li>\n\n\n\n<li>Rs 55.2 crore for investments in subsidiaries.<\/li>\n\n\n\n<li>Rs 100 crore for working capital needs.<\/li>\n\n\n\n<li>Remaining for inorganic acquisitions and general purposes.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Promoters Aditya Narayan Mishra, Santhosh Kumar Nair, and Doraiswamy Rajiv Krishnan currently hold an 87.02% stake in the company, while the public shareholding stands at 11.04%.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Financial Highlights:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>FY24 Profit<\/strong>: Rs 10.85 crore, a sharp turnaround from a Rs 3.2-crore loss in FY23.<\/li>\n\n\n\n<li><strong>Revenue Growth<\/strong>: 35.8% increase to Rs 1,085.7 crore in FY24.<\/li>\n\n\n\n<li><strong>June 2024 Quarter Profit<\/strong>: Rs 3.2 crore on a revenue of Rs 325.2 crore.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Competitive Landscape:<\/h3>\n\n\n\n<p>Ciel HR competes with Quess Corp, TeamLease Services, and Spectrum Talent Management in the HR solutions industry, which has grown at a CAGR of 18.1% between FY21 and FY24.<\/p>\n\n\n\n<p>This IPO will enable Ciel HR Services to expand its footprint and bolster its financial stability as it taps into the growing HR solutions market in India.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at <a>media@lakshmishree.com<\/a><\/p>\n\n\n\n<p><sub><sup>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/ipo\/ciel-hr-services-plans-to-tap-primary-market-files-for-ipo-with-rs-335-cr-fresh-issue-size-12871770.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/ipo\/ciel-hr-services-plans-to-tap-primary-market-files-for-ipo-with-rs-335-cr-fresh-issue-size-12871770.html\" rel=\"noreferrer noopener\">Moneycontrol<\/a><\/sup><\/sub><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staffing firm Ciel HR Services aims to go public by filing draft papers with SEBI to raise funds through an initial public offer. It consists of a fresh issue of shares worth Rs 335 crore and an OFS of 47.39 lakh shares by existing shareholders, including promoters. Technology-driven HR solutions provider Ciel HR Services operates [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5093,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[55],"tags":[709],"class_list":["post-5092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-news","tag-ciel-hr-services-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5092"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5092\/revisions"}],"predecessor-version":[{"id":5094,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5092\/revisions\/5094"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5093"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}