Archive · 3 Jan 2026
CIEL HR Raises ₹30 Crore Pre-IPO
CIEL HR Services Ltd, a company based in Chennai, has raised ₹30 crore from 88 big investors before its initial public offering (IPO).
They sold 27,27,272 shares at ₹110 each, which includes a premium of ₹108 per share.
The company's promoters include K Pandiarajan and others.
The total amount they plan to raise through the IPO has been reduced by ₹30 crore because of this pre-IPO placement.
The IPO will also include an offer for sale of 47,39,336 shares by existing shareholders.
The company had filed documents for the IPO with SEBI last year.
CIEL HR Services Ltd raised ₹30 crore via pre-IPO placement from 88 investors.
The placement involved 27,27,272 equity shares at ₹110 per share, including a ₹108 premium.
Promoters include K Pandiarajan, Hemalatha Rajan, and Aditya Narayana Mishra.
The IPO size has been reduced to ₹329 crore from ₹359 crore due to the pre-IPO placement.
The IPO includes an offer for sale of 47,39,336 equity shares by selling shareholders.
- Who
- CIEL HR Services Ltd, a Chennai-based company
- What
- Raised ₹30 crore via pre-IPO placement
- When
- Details announced on January 3, 2026
- Where
- Chennai, India
- Why
- To reduce the size of the fresh issue in the upcoming IPO
- Company
- CIEL HR Services Ltd
- Funds Raised
- ₹30 crore
- Shares Issued
- 27,27,272 equity shares
- Share Price
- ₹110 per share
- Share Premium
- ₹108 per share
- Investors
- 88 marquee investors including Zoho Corporation, Pegasus India Evolving Opportunities Fund, and others
- Promoters
- K Pandiarajan, Hemalatha Rajan, Aditya Narayana Mishra, Santhosh Kumar Nair, D Rajiv Krishnan
- IPO Size
- ₹329 crore (reduced from ₹359 crore)
- Offer for Sale
- 47,39,336 equity shares by selling shareholders
- DRHP Filed
- Last year with SEBI