IPO Issue Details
Issue Price / Price Band₹850 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size15 Shares per Lot
Total Issue Size49,84,438 shares (aggregating up to ₹423.68 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenTue, 02 Feb 2016
Subscription CloseThu, 04 Feb 2016
Anchor AllotmentMon, 01 Feb 2016
Basis of AllotmentWed, 10 Feb 2016
Initiation of RefundsThu, 11 Feb 2016
Credit of Shares to DematThu, 11 Feb 2016
Listing DateFri, 12 Feb 2016
UPI Mandate Deadline2016-02-04
Application & Investment Details
Retail — Min (1 Lots)₹12,750 — 15 shares
Retail — Max (13 Lots)₹165,750 (13 Lots)
HNI — Min (16 Lots)₹2,04,000 — 240 shares
Pre-IPO Promoter Holding1,53,32,064 shares
Post-IPO Promoter Holding1,70,96,769 shares
Fresh Issue Shares17,64,705 shares (aggregating up to ₹150.00 Cr)
Offer for Sale Shares32,19,733 shares of ₹10 (aggregating up to ₹273.68 Cr)
About TeamLease Services Ltd.
Incorporated in 2002, TeamLease Services is Mumbai India based human resource services and people supply-chain Company offering services to various small and large business clients. TeamLease offers employment and employability services.TeamLease employment services include temporary staffing, permanent recruitment and regulatory consultancy for labor law compliance.TeamLease 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:1. Market leading position with scale [over 5% market share]2. Strong compliance practices that enable the company to build longstanding relationships with clients3. Technological and operational excellence4. Strong functional knowledge and expertise across industry sectors5. Strong management and thought leadership in public policy initiatives and backing by marquee private equity investors
Objects of the Issue
TeamLease Services Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Funding existing and incremental working capital requirements of our Company
80.00
2
2 Acquisitions and other strategic initiatives
25.00
3
3 Upgradation of the existing IT infrastructure
15.00
4
4 General corporate purposes
18.41
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,53,32,064 shares
Post-IPO Promoter Holding
1,70,96,769 shares