Upcoming SME IPO_Spectrum Electrical Ltd


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:

  1. 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

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