Spectrum Electrical Ltd
Issue Analysis :
| Issue opens | Sept.17, 2018 |
| Issue Closes | Sept. 21, 2018 |
| Issue Price | Rs 65 |
| Lot Size | 2000 |
| Issue Size | 25.87 Cr |
| Lead Manager | Arihant Capital Market Ltd |
| Registrar | Bigshare Services Pvt. Ltd |
| Platform | NSE |
Company’s Snapshot :
Spectrum Electrical Industries is 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. The company offers integrated design and manufacturing solutions for local and internationally recognised brands in the electrical products industry. It has developed ability to manufacture most of these products from the concept and design stage up to the final delivery to the customer’s distribution network thereby covering the entire value chain.
It undertakes production and supply of finished products and intermediate-stage products for its customers on contract basis depending upon the demand from them. Spectrum Electrical’s manufacturing units are located at Jalgaon & Nashik in Maharashtra. It also has a commercial tool room with modern infrastructure backed by an experienced team. The company offers comprehensive design services, ranging from product conceptualisation, designing, technical detailing, tooling and productivity improvement services.
Object of the Issue:
The objects of the Issue are to:
- Setting up a Zinc Plating plant at Umale
- Working Capital Requirement
- General Corporate Purpose
- Issue Expenses
Financial Highlights:
| Spectrum Electrical Industries’ financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 0.00 | 0.14 | 2.16 | 6.60 | 119.83 | |
| Total expenses | 0.05 | 0.11 | 1.78 | 5.93 | 111.73 | |
| Profit after tax | -0.05 | 0.02 | 0.30 | 0.53 | 5.90 | |
Company Promoters:
The Promoters of the Company is:
- Deepak Chaudhari
Contact Company Information:
Spectrum Electrical Industries Limited
Plot No. V -195, MIDC Area
Ajanta Road
Jalgaon- 425 003
Phone: +91 0257 2210 192
Email: sarita.zamwar@spectrum-india.com
Website: www.spectrum-india.com
For Beeline Assistance: Contact Here