Ahead of IPO, CIEL HR Services Raises Rs 30 Crore in Pre-IPO Share Sale
CIEL HR Services has raised Rs 30 crore through a pre-IPO share sale, roping in marquee investors such as Zoho, Pegasus, and other participants, as the company gears up for its upcoming initial public offering.
The pre-IPO round was executed at a price of Rs 110 per share. Based on this valuation, the company’s forthcoming IPO is estimated to be worth around Rs 387.1 crore, according to sources familiar with the transaction.
The latest fundraise signals strong investor confidence in CIEL HR Services’ business model and growth prospects, especially as demand for organized HR and staffing solutions continues to rise across sectors.
The proceeds from the IPO are expected to support the company’s expansion plans, strengthen its balance sheet, and enhance operational capabilities. The final IPO size and launch timeline will be subject to market conditions and regulatory approvals.
With anchor investors already on board, CIEL HR Services is positioning itself strongly as it prepares to tap the capital markets.
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