Ciel HR Services Limited IPO
Ciel HR Services Limited IPO
Mainboard NSE & BSE 100% Book Built Offer

Business Overview

CIEL HR Services Limited is the only player in India offering a full spectrum of technology-driven HR solutions covering the entire employee lifecycle (F&S Report). Its services include professional and value staffing, executive search, RPO, payroll, compliance, HR advisory, and skilling. Its HR tech platforms cover talent assessment, engagement, learning, HRMS, fresher upskilling, and compliance management. Between FY 2021 and FY 2024, it achieved a strong 62% CAGR in revenue, reflecting rapid growth and market leadership.

Ciel HR Services IPO Size

Fresh Issue
₹335 Cr (TBA Shares)
Offer For Sale
Rs. TBA Cr (0.47 Cr Shares)

Objects of Issue

  1. Acquisition of additional shareholding in certain subsidiaries
  2. Investment in the certain Subsidiaries
  3. Funding incremental working capital requirements of our Company
  4. Unidentified inorganic acquisitions and general corporate purposes

Ciel HR Services IPO IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Ciel HR Services IPO
Particulars Jun-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 325.18 1,085.74 799.64 527.55
Profit after Tax 3.17 10.85 -3.15 6.88
Net Worth 80.22 77.20 30.86 3.52
Total Borrowing 61.34 58.68 49.52 29.02
Total Assets 298.91 283.38 179.68 109.12
NAV per share (in ₹) 19.83 19.10 14.05 1.68
EPS - Basic (in ₹) 0.80 2.55 -1.34 3.47

Key Performance Indicators (KPIs)

EBITDA

2.00%

PAT

1.00%

ROE

12.90%

ROCE

13.18%

  • All the data pertains to FY 2023-24

Promoter Holding

Promoter

87.02%

Public

12.98%

Pandiarajan Karuppasamy 44.24%
Hemalatha Rajan 16.08%
Aditya Mishra 14.08%
Santhosh Nair 9.47%
Other Promoter 3.15%

Management

Pandiarajan Karuppasamy
Chairman
Aditya Mishra
MD & CEO
Saurabh More
CFO

Registrar & Lead Managers

Company Details

Name: CIEL HR Services Limited

Address:Plot No. 3726, Door No. 41, ‘Ma Foi House’ 6th Avenue, Q Block, Anna Nagar, Chennai 600 040, Tamil Nadu.

Number: +91 080 485 371 79

Email: companysecretary@cielhr.com

Website: https://www.cielhr.com/