TeamLease Services IPO
TeamLease Services IPO — date, price band, lot size & details 2016
TeamLease Services listed on 12 Feb 2016 at ₹860, 1.2% above the ₹850 issue price.
TeamLease Services is a Mumbai based human resource services company offering temporary staffing, recruitment, labour law compliance and training. Its total income was Rs 2,021.89 crore in FY2015.
Stock price
TeamLease Services is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 02 Feb 2016
- Close 04 Feb 2016
- Allotment 09 Feb 2016
- Refund/credit TBA
- Listing 12 Feb 2016
Issue summary
The terms of the offer, as filed.
| IPO Dates | 2 to 4 Feb, 2016 |
|---|---|
| Price Band | ₹785 – ₹850 |
| Face Value | ₹10 |
| Lot Size | 15 Shares |
| Issue Size | ₹423.68 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 12,750 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 15 shares at the ₹850 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 15 | ₹12,750 |
| Retail (max) | 15 | 225 | ₹1,91,250 |
| S-HNI (min) | 16 | 240 | ₹2,04,000 |
| S-HNI (max) | 78 | 1,170 | ₹9,94,500 |
| B-HNI (min) | 79 | 1,185 | ₹10,07,250 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 1,264.88 crore in FY2013 to Rs 2,021.89 crore in FY2015.
- 02Profit after tax rose from Rs 0.27 crore in FY2013 to Rs 32.25 crore in FY2015.
- 03It had no borrowing on 31 March 2015 or 30 September 2015.
- 04Rs 80.00 crore of the issue was for working capital to support growth.
Risks · 5
- 01Profit after tax was only Rs 32.25 crore on income of Rs 2,021.89 crore in FY2015, as staffing margins are thin.
- 02Staffing demand falls quickly in a slowdown; profit was Rs 10.28 crore in six months to September 2015.
- 03Changes in labour laws can affect its business; Rs 25.00 crore was for acquisitions.
- 04Rs 273.68 crore of the issue went to selling shareholders.
- 05The promoters held 51.86% before the issue and 45.61% after it.
Three years of numbers
All figures in ₹ crore, as reported in the TeamLease Services offer document.
| Metric | 30 Sep 2015 | 31 Mar 2015 | 31 Mar 2014 | 31 Mar 2013 |
|---|---|---|---|---|
| Assets | 456.79 | 349.10 | 241.92 | 222.92 |
| Total Income | 1,215.31 | 2,021.89 | 1,539.48 | 1,264.88 |
| Profit After Tax | 10.28 | 32.25 | 19.60 | 0.27 |
| NET Worth | 159.50 | 148.53 | 118.84 | 100.98 |
| Reserves and Surplus | 142.85 | 146.87 | 117.24 | 99.31 |
| Total Borrowing | 0.00 | 0.00 | 0.82 | 12.08 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹138.41 Cr of the issue is earmarked to named objects.
TeamLease Services IPO Anchor Investors
26 anchor investors across 15 fund houses committed ₹190.27 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Its employment services include temporary staffing, permanent recruitment and regulatory consulting on labour law compliance.
Its employability services include various kinds of learning and training.
The IPO was Rs 423.68 crore, with Rs 150.00 crore of fresh issue and Rs 273.68 crore of offer for sale, at Rs 850, the top of the Rs 785 to Rs 850 band. The fresh money was for working capital, acquisitions and upgrading IT systems.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
TeamLease Services IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Dam Capital Advisors Ltd
70 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
Credit Suisse Securities (India) Pvt. Ltd
20 issues handledBest listing: Zomato (+52.6%). Weakest: Sterling & Wilson Solar (-9.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of TeamLease Services?
The current Grey Market Premium is ₹0.
What is the TeamLease Services IPO price band?
₹785 to ₹850, on a face value of ₹10.
When is the allotment?
The basis of allotment is 9 February 2016, with listing on 12 February 2016.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
