About the Company:
Spectrum Electrical Industries is an ISO 9001:2015 certified company, 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.
Company offers integrated design and manufacturing solutions for local and internationally recognized brands in the electrical products industry.
They offer integrated design and manufacturing solutions for local and internationally recognised brands in the electrical products industry.
Company undertakse manufacturing and supply of finished products and intermediate-stage products for their customers on contract basis depending upon the demand from them.
Company’s manufacturing unit(s) are located at Jalgaon & Nashik in Maharashtra.
Company’s Customer Base:
Company caters to industries like Automobile and Irrigation.
In automobiles, they supply plated brake components like carrier and calliper to major automobile manufacturers/OEM suppliers.
Company has rendered electroplating services to Tier I suppliers of Maruti Suzuki India Limited, Toyota Kirloskar Motor Pvt. Ltd., Nissan Motor India Pvt. Ltd., Honda Cars India Ltd. and Mahindra & Mahindra Limited.
They are now nominated by Maruti Suzuki India Limited as potential vendor of zinc plating for their Tier I suppliers.
Company’s Major Customers:
Company’s clientele includes renowned companies involved in manufacturing and selling of branded electrical and auto components.Names of their key customers include:
- Novateur Electricals and Digital Systems Pvt. Ltd. (part of Legrand SA, France)
- Anchor Electricals Pvt. Ltd.
- Schneider Electric India Private Limited
- ABB Ltd.
- Larsen & Toubro Limited
- Honeywell Electrical Devices and Systems India Limited
- Jain Irrigation Systems Limited
Products Manufactured by the Company:
- Distribution Boards & Metal Junction Boxes.(Company manufactures outer casing for a range of distribution boards for clients like Anchor, ABB, Indotop, Goldmedal etc.)
- AC Box. (They are also into manufacturing of AC Box for clients like Anchor and Goldmedal.)
- Modular Electric Board Panels. (They manufacture these panels for clients like Legrand and Anchor -Panasonic.)
- Auto & Irrigation Components.
Achievements of the Company:
- Company has entered into Master Supplier Agreement with Schneider Electric India Pvt. Ltd. for supply of products and services.
- Company has entered into Memorandum of Quality Assurance and also with Anchor-Panasonic for supply of various products.
- Company has entered into DOL agreement with Legrand for supply of various components.
- Company hold ISO 9001:2015 certification.
- Awarded as a Gold Supplier for the financial year 2017-18 by Anchor-Panasonic for commitment, consistency and value addition to their products.
- Awarded as Best supplier of Wiring Device BU by Anchor Panasonic for the financial year 2017-18.
- Schneider Electric has awarded the Company for excellent response during TVS + Launch and Meeting Customer commitments.
Management Team:
- Mr. Deepak Suresh Chaudhari (Designation : Managing Director)
- Mrs. Bharti Deepak Chaudhari (Designation: Whole Time Director)
- Mr. Devendra Sudhakar Rane (Designation: Director)
Objectives of the Issue:
- To set up a Zinc Plating plant at Umale.
- To meet long term working capital requirements.
- General Corporate Purposes.
- Issue Expenses.
Peer Group Comparison:
There are no strictly comparable listed companies engaged in the same line of business as that of Spectrum Electrical Industries Ltd. In view of this, comparison of financial data with listed industry peers is not possible.
Financials of the Company:
| (in Crores) | FY 15 | FY 16 | FY 17 | FY 18 |
|---|---|---|---|---|
| Revenue | 0.14 | 2.15 | 6.59 | 119.83 |
| Net Profit | 0.017 | 0.30 | 0.53 | 5.90 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 17th September 2018 |
| Issue Closes on:. | 21st September 2018 |
| Issue Price | Rs.65 |
| Face Value | Rs.10 |
| Minimum Lot | 2000 Shares |
| Minimum Investment | Rs.1,30,000 |
| Issue Constitutes | 26.32% |
| Issue Size | Rs.25.87 cr |
| Market Cap | Rs.98.27 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 39,80,000 |
| Equity Shares Prior to the Isuue | 1,11,39,840 |
| Equity Shares after the Issue | 1,51,19,840 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 5.30 | 12.26 | 17.50% | 30.28 |
Knowledge Corner: (Click on the Link)
| Company Contact Info: |
|---|
| Spectrum Electrical Industries Ltd Plot No. V -195, MIDC Area, Ajanta Road, Jalgaon – 425 003 Maharashtra; Tel : 0257 2210 192 Website: www.spectrum-india.com |
| IPO Registrar Info: |
|---|
| Bigshare Services Private Limited SEBI Registration No: INR000001383 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis,Makwana Road, Marol, Andheri East,Mumbai 400 059 Tel: 022-6263 8200; Fax: 022-6263 8299 E-Mail: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| Arihant Capital Markets Limited SEBI Registration No: INM000011070 1011, Solitaire Corporate Park, 1st floor Guru Hargovindji Road, Chakala, Andheri (East), Mumbai – 400 093 Tel. :022-42254800; Fax. :022- 42254880 Email:mbd@arihantcapital.com Website: www.arihantcapital.com |
