Chennai, Jan 3 (.) The CIEL HR Services Limited, in consultation with the BRLMs, has undertaken a Pre-IPO placement of 27,27,272 equity shares for cash at a price of Rs 110 per equity share
(including a share premium of Rs 108 per equity share) aggregating to Rs 300 million (“Pre-IPO Placement”) as approved by the Board at its meeting held on November 17 and by the Shareholders at their extra ordinary general meeting held on November 28, 2025
The Pre-IPO Placement comprises of 27,27,272 equity shares amounting to Rs 300 million allotted to 88 marquee investors such as Pegasus India Evolving Opportunities Fund, Zoho Corporation, Standard Fireworks, Rajashekar Reddy Seelam – founder of 24 Mantra Organic, Prime Securities, KTV Kannan – promoter of KTV Oil Mills and KTV Health Foods, Sri Kaliswari Fireworks, Family office
of the Pothys, AIKYAM Capital, NS Rajan, Abhijit Bhaduri and many other industry stalwarts, a company statement said here today.
The company had earlier filed DRHP with SEBI for a proposed IPO.
The size of the fresh issue of up to Rs. 3280.78 million, has been reduced by Rs. 300 million pursuant to the Pre-IPO placement and an Offer for Sale remains up to 47,39,336 equity shares by selling Shareholder” (The “Offer for Sale”).
. GV 1705