Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
TeamLease Services IPO is a book built issue of Rs 423.68 crores. The issue is a combination of fresh issue of 0.18 crore shares aggregating to Rs 150.00 crores and offer for sale of 0.32 crore shares aggregating to Rs 272.83 crores.
TeamLease Services IPO bidding started from February 2, 2016 and ended on February 4, 2016. The shares got listed on BSE, NSE on February 12, 2016.
TeamLease Services IPO price band is set at ₹785 to ₹850 per share. The minimum lot size for an application is 15 Shares. The minimum amount of investment required by retail investors is ₹12,750.
Credit Suisse Securities (India) Private Limited, ICICI Securities Limited and Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) are the book running lead managers of the TeamLease Services IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to TeamLease Services IPO RHP for detailed information.
| IPO Date | February 2, 2016 to February 4, 2016 |
| Listing Date | February 12, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹785 to ₹850 per share |
| Lot Size | 15 Shares |
| Total Issue Size | 4,974,438 shares (aggregating up to ₹423.68 Cr) |
| Fresh Issue | 1,764,705 shares (aggregating up to ₹150.00 Cr) |
| Offer for Sale | 3,209,733 shares of ₹10 (aggregating up to ₹272.83 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 15,332,064 |
| Share holding post issue | 17,096,769 |
TeamLease Services IPO offers 2,892,063 shares. 1,601,923 (55.39%) to QIB, 768,084 (26.56%) to NII, 512,056 (17.71%) to RII, 10,000 (0.35%) to employees. 34,137 RIIs will receive minimum 15 shares and (sNII) and (bNII) will receive minimum 240 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,601,923 (55.39%) | NA |
| NII (HNI) Shares Offered | 768,084 (26.56%) | |
| Retail Shares Offered | 512,056 (17.71%) | 34,137 |
| Employee Shares Offered | 10,000 (0.35%) | NA |
| Total Shares Offered | 2,892,063 (100%) |
Investors can bid for a minimum of 15 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹12,750 |
| Retail (Max) | 15 | 225 | ₹191,250 |
| Lot Size Calculator | |||
The promoters of the company are Manish Mahendra Sabharwal, Ashok Kumar Nedurumalli, Mohitkaran Virendra Gupta, HR Offshoring Ventures Pte. Ltd, MKS Management Consultancy Services LLP, NED Consultants LLP and Dhana Management Consultancy LLP.
| Share Holding Pre Issue | 51.86% |
| Share Holding Post Issue | 19.99% |
Incorporated in 2002, TeamLease Services is Mumbai India based human resource services and people supply-chain Company offering services to various small and large business clients. TeamLease offers employment and employability services.
TeamLease employment services include temporary staffing, permanent recruitment and regulatory consultancy for labor law compliance.
TeamLease employability offerings include different types of learning and training solutions, including retail learning solutions, institutional learning solutions and enterprise learning solutions.
TeamLease has over 1 lakh associate employees as of Nov 2015. Company has 8 regional offices and over 1000 full time employees.
Competitive strengths of TeamLease:
1. Market leading position with scale [over 5% market share]
2. Strong compliance practices that enable the company to build longstanding relationships with clients
3. Technological and operational excellence
4. Strong functional knowledge and expertise across industry sectors
5. Strong management and thought leadership in public policy initiatives and backing by marquee private equity investors
|
Particulars |
For the year/period ended (in Rs. Million) | ||||
| 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | 31-Mar-11 | |
| Total Liabilities | 3,505.18 | 2,432.83 | 2,242.29 | 1,968.99 | 965.45 |
| Total Assets | 3,505.18 | 2,432.83 | 2,242.29 | 1,968.99 | 965.45 |
| Total Income | 20,184.60 | 15,375.25 | 12,616.91 | 9,340.89 | 6,983.24 |
| Profit After Tax (PAT) | 296.90 | 178.57 | (37.00) | (164.97) | (394.87) |
The public issue comprises a fresh issue by the company and an offer for sale by the shareholders.
Company will not receive any proceeds from the Offer for Sale.
The fund raised through fresh issue proposes to utilise the Net Proceeds towards funding the following objects:
1. Funding existing and incremental working capital requirements of the Company;
2. Acquisitions and other strategic initiatives;
3. Upgradation of the existing IT infrastructure; and
4. General corporate purposes.
In addition, the Company expects to receive the benefits of listing of the Equity Shares on the Stock Exchanges, enhancement of the Company's brand name and creation of a public market for its Equity Shares in India.
[Dilip Davda]
Issue is likely to create fancy being first mover IPO in the Staffing segment that has bright prospects ahead. Hence this IPO is worth teaming up with for medium to long term.
Read detail review...The TeamLease Services IPO is subscribed 66.02 times on February 4, 2016 8:00:00 PM. The public issue subscribed 10.61 times in the retail category, 26.97 times in the QIB category, and 185.24 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 26.97 |
| NII | 185.24 |
| Retail | 10.61 |
| Employee | 1.39 |
| Total | 66.02 |
The offer has been graded by CRISIL Research and has been assigned a CRISIL IPO grade of '4/5' indicating that the fundamentals of the offer are above average relative to other listed equity shares in India.
| Listing Date | February 12, 2016 |
| BSE Script Code | 539658 |
| NSE Symbol | TEAMLEASE |
| ISIN | INE985S01024 |
| Final Issue Price | ₹850 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹850.00 |
| ₹860.00 |
| ₹805.90 |
| ₹1,032.00 |
| ₹1,021.95 |
| NSE |
|---|
| ₹850.00 |
| ₹860.00 |
| ₹806.65 |
| ₹1,032.00 |
| ₹1,032.00 |
TeamLease Services Ltd
Office No 6, 3rd Floor, C Wing, Laxmi Towers,
Bandra Kurla Complex, Bandra (East),
Mumbai 400 051, Maharashtra
Phone: + 91 22 6641 9500
Email: corporateaffairs@teamlease.com
Website: http://www.teamlease.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: teamlease.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
TeamLease Services IPO is a main-board IPO of 4,974,438 equity shares of the face value of ₹10 aggregating up to ₹423.68 Crores. The issue is priced at ₹785 to ₹850 per share. The minimum order quantity is 15 Shares.
The IPO opens on February 2, 2016, and closes on February 4, 2016.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The TeamLease Services IPO opens on February 2, 2016 and closes on February 4, 2016.
TeamLease Services IPO lot size is 15 Shares, and the minimum amount required is ₹12,750.
You can apply in TeamLease Services IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for TeamLease Services IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the TeamLease Services IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Guru (6600+ Posts, 22000+ Likes)
