CIEL HR Services IPO Details
| IPO Open Date | 2025 |
| IPO Close Date | 2025 |
| Face Value | ₹2 Per Equity Share |
| IPO Price Band | ₹[.] to ₹[.] Per Share |
| Issue Size | Approx ₹[.] Crores |
| Fresh Issue | Approx ₹335 Crores |
| Offer for Sale: | Approx 4,739,336 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
CIEL HR IPO Review & Key Points
- Review:
CIEL HR Services IPO Market Lot
The CIEL HR Services IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares of ₹[.] amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | – | – | ₹- |
| Retail Maximum | – | – | ₹- |
| S-HNI Minimum | – | – | ₹- |
| S-HNI Maximum | – | – | ₹- |
| B-HNI Minimum | – | – | ₹- |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
CIEL HR Services IPO Anchor Investors
| Anchor Bidding Date | 2025 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2025 |
| lock-in period end date 50% shares (90 Days) | 2025 |
CIEL HR Services IPO Dates
The CIEL HR Services IPO date is 2025 and the close date is 2025. The CIEL HR Services IPO allotment will be finalized on 2025 and the IPO listing on 2025.
| IPO Open Date: | 2025 |
| IPO Close Date: | 2025 |
| Basis of Allotment: | 2025 |
| Refunds: | 2025 |
| Credit to Demat Account: | 2025 |
| IPO Listing Date: | 2025 |
| IPO Bidding Cut-off Time: | 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Pandiarajan Karuppasamy, Hemalatha Rajan, Aditya Narayan Mishra, Santhosh Kumar Nair and Doraiswamy Rajiv Krishnan.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 8,50,05,010 | 87.02% |
| Promoter Holding Post Issue | – | -% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Acquisition of additional shareholding in the following Subsidiaries: – Firstventure Corporation Private Limited; – Integrum Technologies Private Limited; – Next Leap Career Solutions Private Limited; and – People Metrics Private Limited and Thomas Assessments Private Limited | ₹- |
| Investment in the following Subsidiaries: – CIEL Skills and Careers Private Limited, towards upgradation of its HR Tech Platform, ProSculpt; – Firstventure Corporation Private Limited, towards upgradation of its learning experience platform, Courseplay; – Integrum Technologies Private Limited, towards upgradation of its HR Tech Platform, HfactoR; – Ma Foi Strategic Consultants Private Limited, towards upgradation of its HR Tech Platform, EzyComp; and – Next Leap Career Solutions Private Limited, towards upgradation of its HR Tech Platform, Jombay | ₹- |
| Funding incremental working capital requirements of our Company | ₹- |
| Unidentified inorganic acquisitions and general corporate purposes | ₹- |
About CIEL HR Services IPO
One of the leading companies, CIEL HR Services Limited, offers a wide range of human resource services and technology platforms catering to various industries. Its HR services include hiring, staffing, payroll, HR consulting, and skill development, helping organizations attract, retain, and grow top talent. The company’s HR tech platform includes services such as talent assessment, employee engagement, learning experience, HR management, onboarding for new hires, and compliance management.
As of June 30, 2024, in India, CIEL HR is the only company to provide complete technology-based HR solutions for every step of an employee’s journey. The company runs 18 offices and so far, the company has served 4019 customers, including Scootsy Logistics Private Limited (a wholly owned subsidiary of Swiggy Limited), Puma Sports India Private Limited, Niva Bupa Health Insurance Company Limited, Axis Bank Limited, Brigade Enterprises Limited, Blue Star Limited, and Aditya Birla Group.
CIEL HR Services IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2022 | ₹528.53 | ₹521.77 | ₹6.88 | ₹109.12 |
| 2023 | ₹528.53 | ₹803.33 | ₹3.15 | ₹179.68 |
| 2024 | ₹1,088.20 | ₹1,075.74 | ₹10.85 | ₹283.38 |
| June 2024 | ₹325.97 | ₹321.94 | ₹3.17 | ₹298.91 |
CIEL HR Services IPO Valuation – FY2024
Check CIEL HR Services IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 12.90% |
| ROCE: | 13.18% |
| EBITDA Margin: | 2.00% |
| PAT Margin: | 1.00% |
| Debt to equity ratio: | 0.79 |
| Earning Per Share (EPS): | ₹2.55 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 12.93% |
| Net Asset Value (NAV): | ₹19.10 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Quess Corp Limited | 18.72 | 36.26 | 9.78% | 191.22 | ₹19,100.13 Cr. |
| Team Lease Services Limited | 67.00 | 41.96 | 14.06% | 475.74 | ₹9,321.53 Cr. |
| Spectrum Talent Management Ltd | 5.30 | 36.79 | 7.91% | 63.48 | ₹1,016.20 Cr. |
IPO Lead Managers aka Merchant Bankers
- Ambit Pvt. Ltd.
- Centrum Capital Ltd.
- HDFC Bank Ltd.
Company Address
CIEL HR Services Ltd.
Plot No. 3726, Door No. 41,
‘Ma Foi House’ 6th Avenue,
Q Block, Anna Nagar,
Chennai, Tamil Nadu, 600040
Phone: + 91 080485371
Email: [email protected]
Website: https://www.cielhr.com/
IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://ipostatus.kfintech.com/
CIEL HR Services IPO FAQs
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Note: The CIEL HR Services IPO price band and date are officially announced. The (CIEL HR Services IPO grey market premium) will be added to the IPO GMP page as it will start).
