Spectrum Electrical Industries Ipo

Spectrum electrical industries ipo

Spectrum Electrical Industries Limited is an ISO 9001:2015 certified company, it is involved in manufacturing and designing of varied electrical, automobile and irrigation components that are supplied to leading business contender in the B2B model.

Date of Establishment:The company was incorporated as 'Spectrum Polytech Private Limited' in Mumbai on 12th August 2008.

Eventually, the company was converted into public limited company reframed to 'Spectrum Electrical Industries Limited' on 20th June 2018.

Promoters of Spectrum Electrical Industries Limited: Mr Deepak Chaudhari is the sole promoter of Spectrum Electrical Industries Limited.

Products and Services Offering: The company manufactures varied ranges of products that fulfil electrical and irrigational industries requirements.

Spectrum electrical industries ipo

The list of products compromise of:

  • - Distribution Boards & Metal Junction Boxes

  • - Modular Electric Board Panels

  • - AC Box

  • - Auto & Irrigation Components

  • - Other Electrical Components

Besides this, the company is also involved in designing, powder coating, moulding and assembling to develop these products.

Customer Segments: The company has the clientele that consists of the major key players compromising of Larsen & Toubro Limited, Honeywell Electrical Devices and Systems India Limited and Anchor Electricals Private Limited among others.

Objects of Spectrum Electrical Industries Limited IPO: The main objectives of Spectrum Electrical industries Limited IPO are:

  • - To set up a Zinc Plating plant at Umale.

  • - To meet long-term working capital requirements.

  • - General Corporate Purposes.

  • - Issue Expenses.

Company Financials:

Summary of Financial Information (Restated)

Particulars

For the year/period ended (in Rs.

Lakhs)


3 -Mar-18

3 -Mar-17

3 -Mar-16

3 -Mar-15

3 -Mar-14

Total Assets

10,763.34

2,506.00

1,491.32

490.27

89.93

Total Revenue

11,983.24

659.77

215.88

13.90

--

Profit After Tax

590.32

53.27

30.03

1.73

-5.39

IPO of Spectrum Electrical Industries Limited