8 months ago
CIEL HR Services Raises ₹30 Crore Pre-IPO
CIEL HR Services, a company that helps businesses with their human resources needs, raised ₹30 crore from 88 investors before their big stock market launch.
Important investors like Zoho Corporation and Pegasus India bought shares at ₹110 each.
The company plans to use this money to buy more parts of other companies they own, pay for daily expenses, and maybe buy other companies.
They offer lots of services to help companies manage their employees from start to finish.
This year, many companies in India have raised a lot of money through the stock market, including startups.
CIEL HR Services raised ₹30 crore in a pre-IPO round from 88 investors, including Zoho Corporation and Pegasus India.
The company issued 27,27,272 equity shares at ₹110 each, approved by the board and shareholders in November.
The IPO will include a fresh issue of ₹335 crore and an offer for sale of 47.4 lakh shares by promoters and other selling shareholders.
Proceeds will be used to acquire stakes in subsidiaries, fund working capital, pursue acquisitions, and meet corporate expenses.
CIEL HR Services offers technology-driven, end-to-end HR solutions and was founded in Chennai.
- Who
- CIEL HR Services
- What
- Raised ₹30 crore in pre-IPO round
- Where
- Chennai, India
- When
- Board approval on November 17, Shareholder approval on November 28
- Why
- To fund acquisitions, working capital, and corporate expenses
Key facts
- Fundraising Amount
- ₹30 crore
- Number of Investors
- 88
- Share Price
- ₹110 per share
- Shares Issued
- 27,27,272 equity shares
- IPO Components
- Fresh issue of ₹335 crore and OFS of 47.4 lakh shares
- Company Founded
- Chennai
- Company Focus
- Technology-driven HR solutions
- IPO Market 2025
- Record high of ₹1.76 lakh crore
Quotes
NSE India
Official Twitter account of the National Stock Exchange of India
“Congratulations E To E Transportation Infrastructure Limited on getting listed on NSE Emerge today! E To E Transportation Infrastructure Limited is an ISO 9001:2015 certified company engaged in providing system integration and engineering solutions for the railway sector.”
thehindubusinessline.com
Sources
CIEL HR Services Raises ₹30 Crore In Pre-IPO Round From Zoho, Pegasus India, Others
E TO E Transportation Infrastructure shares debut at 90% premium on NSE Emerge
CIEL HR Services raises Rs 30 crore from Zoho, Pegasus India ahead of IPO
E to E Transportation Infra IPO Lists At 90% Premium On NSE SME Platform: Know About This Company
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