243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

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Ciel Hr Services Limited

Chennai

Date of DRHP : 19 Nov 2024

Issue Type : Book Building Process

IPO Type :
MainBoard IPO

Ciel Hr Basic Details

   Human Resources and Manpower

Sub Sector: comprehensive suite of technology-driven human resources solutions

About the Company

Ciel Hr Services is the only company in India that offers a comprehensive suite of technology-driven human resources solutions across the entire human resource chain impacting every part of the employee lifecycle as of June 30, 2024. They offer multiple human resource services and technology platforms catering to the needs of a wide range of sectors. Their human resource services offer targeted support in recruitment, staffing, payroll processing, strategic HR advisory, and skill development, thereby enabling organizations to attract, retain, and develop top talent effectively. Complementing these services are their technology platforms which provide mechanisms for evaluating employee competencies, enhancing learning experiences, managing employee lifecycle, upskilling, ensuring regulatory compliance, and fostering workforce engagement. Their revenue from operations achieved a CAGR of 62.00% between Fiscal 2021 and Fiscal 2024. The HR solutions industry average CAGR was approximately 18.1% between Fiscal 2021 and Fiscal 2024.

Financial Summary (Annualised Basis)

Revenue :
1303.84 Cr.

PAT :
12.56 Cr.

Ciel Hr IPO Registrar

KFin Technologies Limited

Ciel Hr DRHP Details

Objects of issue

  • Acquisition of additional shareholding in the following Subsidiaries: (i) Firstventure Corporation Private Limited; (ii) Integrum Technologies Private Limited; (iii) Next Leap Career Solutions Private Limited; and (iv) People Metrics Private Limited and Thomas Assessments Private Limited
  • Investment in the following Subsidiaries: (i) CIEL Skills and Careers Private Limited, towards upgradation of its HR Tech Platform, ProSculpt; (ii) Firstventure Corporation Private Limited, towards upgradation of its learning experience platform, Courseplay; (iii) Integrum Technologies Private Limited, towards upgradation of its HR Tech Platform, HfactoR; (iv) Ma Foi Strategic Consultants Private Limited, towards upgradation of its HR Tech Platform, EzyComp; and (v) Next Leap Career Solutions Private Limited, towards upgradation of its HR Tech Platform, Jombay
  • Funding incremental working capital requirements
  • Unidentified inorganic acquisitions and general corporate purposes

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FAQs

Ciel Hr Services operates in Human Resources and Manpower and comprehensive suite of technology-driven human resources solutions. The Issue would be listed on MainBoard. The registrar of the Issue is KFin Technologies Limited. The IPO type of Ciel Hr Services is Book Building Process and Object of issue is

  • Acquisition of additional shareholding in the following Subsidiaries: (i) Firstventure Corporation Private Limited; (ii) Integrum Technologies Private Limited; (iii) Next Leap Career Solutions Private Limited; and (iv) People Metrics Private Limited and Thomas Assessments Private Limited
  • Investment in the following Subsidiaries: (i) CIEL Skills and Careers Private Limited, towards upgradation of its HR Tech Platform, ProSculpt; (ii) Firstventure Corporation Private Limited, towards upgradation of its learning experience platform, Courseplay; (iii) Integrum Technologies Private Limited, towards upgradation of its HR Tech Platform, HfactoR; (iv) Ma Foi Strategic Consultants Private Limited, towards upgradation of its HR Tech Platform, EzyComp; and (v) Next Leap Career Solutions Private Limited, towards upgradation of its HR Tech Platform, Jombay
  • Funding incremental working capital requirements
  • Unidentified inorganic acquisitions and general corporate purposes

The DRHP (Draft Red Herring Prospectus) of Ciel Hr Services IPO was filed on 19 Nov 2024.

No, Ciel Hr Services IPO is not yet listed. See other upcoming MainBoard IPOs here.

The IPO open date and IPO close date of Ciel Hr Services are not available now. You can apply in Ciel Hr Services IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.

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