TeamLease Services Ltd is a Mumbai India based human resource services and people supply-chain Company and Incorporated in 2002. It offering services to various small and large business clients and offers employment and employability services. Their employment services include temporary staffing, permanent recruitment and regulatory consultancy for labor, law, compliance and employability offerings include different types of learning and training solutions, including retail learning solutions, institutional learning solutions and enterprise learning solutions.
TeamLease has over 1 lakh associate employees as of Nov 2015. Company has 8 regional offices and over 1000 full time employees.
Competitive strengths of TeamLease
- Market leading position with scale [over 5% market share]
- Strong compliance practices that enable the company to build longstanding relationships with clients
- Technological and operational excellence
- Strong functional knowledge and expertise across industry sectors
- Strong management and thought leadership in public policy initiatives and backing by marquee private equity investors
TeamLease Services IPO Details
| IPO Opening Date | 2-Feb-16 |
| IPO Closing Date | 4-Feb-16 |
| Face Value | ₹10 per Equity Share |
| IPO Price | ₹785 to ₹850 per Equity Share |
| Market Lot | 15 Shares |
| Issue Size | 4,974,438 Eq Shares of ₹10 (aggregating up to ₹423.68 Cr) |
| Fresh Issue | 1,764,705 Eq Shares of ₹10 (aggregating up to ₹150.00 Cr) |
| Offer for Sale | 3,209,733 Eq Shares of ₹10 (aggregating up to ₹272.83 Cr) |
Company Promoters:
The promoters of the company are Manish Mahendra Sabharwal, Ashok Kumar Nedurumalli, Mohitkaran Virendra Gupta, HR Offshoring Ventures Pte. Ltd, MKS Management Consultancy Services LLP, NED Consultants LLP and Dhana Management Consultancy LLP.
Company Financials:
| Particulars | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | 31-Mar-11 |
| Total Liabilities | 3,505.18 | 2,432.83 | 2,242.29 | 1,968.99 | 965.45 |
| Total Assets | 3,505.18 | 2,432.83 | 2,242.29 | 1,968.99 | 965.45 |
| Total Income | 20,184.60 | 15,375.25 | 12,616.91 | 9,340.89 | 6,983.24 |
| Profit After Tax (PAT) | 296.9 | 178.57 | -37 | -164.97 | -394.87 |
Objects of the Issue:
The public issue comprises a fresh issue by the company and an offer for sale by the shareholders.
Company will not receive any proceeds from the Offer for Sale.
The fund raised through fresh issue proposes to utilize the Net Proceeds towards funding the following objects. The Company expects to receive the benefits of listing of the Equity Shares on the Stock Exchanges and enhancement of the Company’s brand name and creation of a public market for its Equity Shares in India.
- Funding existing and incremental working capital requirements of the Company;
- Acquisitions and other strategic initiatives;
- Upgradation of the existing IT infrastructure; and
- General corporate purposes.
TeamLease Services IPO Lot Size
| Application | Lots | Share | (Share*Price)=Amount |
| MInimum Application | 1 | 15 | (15*850)=Rs. 12750 |
| Maximum Application | 115 | 225 | (225*850)=Rs. 191250 |
| Company Contact Information TeamLease Services Ltd Office No 6, 3rd Floor, C Wing, Laxmi Towers, Bandra Kurla Complex, Bandra (East), Mumbai 400 051, Maharashtra Phone: + 91 22 6641 9500 Email: corporateaffairs@teamlease.com Website: http://www.teamlease.com/ | TeamLease Services IPO Registrar KFintech Private Limited Selenium Building, Tower-B, Plot No 31 & 32, Financial District,Nanakramguda, Serilingampally, Rangareddi, Telangana India – 500 032. Phone: 1-800-3454001 Email: teamlease.ipo@karvy.com Website: https://karisma.kfintech.com/ |
