CIEL HR Services IPO Date, Review, Price and Key Information

CIEL HR Services Limited IPO is fully book build issue and in includes both fresh issue and offer for sale. The share offering is a fresh issue worth ₹335 crores. and offer for sale upto 0.47 crore shares

The dates for the CIEL HR Services IPO have not been announced yet.

The allotment process is expected to be finalized by [.]. The CIEL HR Services IPO is scheduled to list on BSE, NSE, with a tentative listing date of [.].

The price band for the CIEL HR Services IPO has not been announced yet.

Registrar for this IPO is KFin Technologies Limited and lead managers for CIEL HR Services IPO are Ambit Private Limited, Centrum Capital Limited, HDFC Bank Limited.

IPO Schedule

IPO Open Date	-
IPO Close Date	-
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	-
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹2 Per Equity Share
Total Issue Size	4,739,336 Shares + ₹335 Crores
Fresh Issue	₹335.00 Crores
OFS Issue	4,739,336 Shares
Issue Type	Fresh Issue and Offer for Sale
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	75%
Retail	10%
NII/HNI	15%

About CIEL HR Services Limited Company

CIEL HR Services Limited is a leading Indian company offering technology-driven human resource solutions across the entire employee lifecycle. As of June 30, 2024, it stood as the only company in India providing such comprehensive solutions. (Source: F&S Report). CIEL HR offers targeted support in recruitment, staffing, payroll processing, strategic HR advisory, and skill development, complemented by technology platforms for evaluating employee competencies, enhancing learning experiences, and ensuring regulatory compliance.

The company provides various HR Services like professional staffing, value staffing and HR Tech Platforms such as talent assessment, talent engagement, employee learning experience etc. It serves a broad spectrum of industries, with key sectors including Consumer, Retail & Service, and Manufacturing & Engineering contributing significantly to its revenue. CIEL HR has a proven track record with over 4,000 customers during Fiscals 2022-2024 and the three month period ended June 30, 2024. The company has demonstrated substantial growth, achieving a revenue CAGR of 62.00% between Fiscal 2021 and Fiscal 2024, surpassing the HR solutions industry average CAGR of approximately 18.1% during the same period.( Source: F&S Report )

CIEL HR Services Limited Financial Details

Period Ended	31 Mar 2022	31 Mar 2023	31 Mar 2024	30 Jun 2024
Assets	109.12	179.68	283.38	298.91
Revenue	527.55	799.64	1085.74	325.18
Profit After Tax	6.88	-3.15	10.85	3.17
Net Worth	8.32	35.43	82.76	85.69
Reserves and Surplus	-0.68	26.50	69.27	72.23
Total Borrowing	29.02	49.52	58.68	61.34

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
2.55	12.93	19.10	0.79	12.90	13.18

Offer Objectives

This document outlines the details of the company's employee stock option plans (ESOP) and the objects of the offer. Specifically, it provides information on the CIEL Group Employee Stock Option Scheme, 2024 ("CSOP 2024").

CSOP 2024: A total of 2,200,000 options were authorized, with 532,404 options granted as of the DRHP date. The exercise price of options is ₹2 per share. No options have vested or been exercised to date. Employee-wise details are provided, highlighting options granted to Key Managerial Personnel (e.g., Lalitha Pasari - 950 options), Senior Management (e.g., Kiran Kumar Shetty - 4,230 options), and other employees who received 5% or more of the options granted during the year. For instance, Munot Prathik, Metha Mansi, and Chaudhari Prashant each received 49,500 options. The company has disclosed the names of employees who were granted options exceeding 1% of the issued capital.

Objects of the Offer: The company intends to raise ₹335.00 crore through a fresh issue and an offer for sale. The net proceeds will be utilized for: acquisition of additional shareholding in subsidiaries (₹40.73 crore), investment in subsidiaries for HR Tech Platform upgrades (₹55.20 crore), funding incremental working capital (₹100.00 crore), and unidentified inorganic acquisitions and general corporate purposes. The deployment of funds is planned for Fiscal 2026 and Fiscal 2027.