Other Deals
CIEL HR raises Rs 30-Cr in pre-IPO placement
Chennai-based CIEL HR Services has raised INR 30 crore through a pre-IPO placement. The placement attracted 88 investors, including Zoho Corporation, Pegasus India, Standard Fireworks, Rajashekar Reddy Seelam, Prime Securities Limited, Sri Kaliswari Fireworks Private Limited, KVPS Investments, AIKYAM Capital, NS Rajan, and Abhijit Bhaduri. This placement involved 2,727,272 equity shares priced at INR 110 per share.Founded in 2015, The Indian staffing solutions provider, plans to use the funds to acquire additional stakes in its subsidiaries: Firstventure Corporation, Integrum Technologies, Next Leap Career Solutions, People Metrics, and Thomas Assessments. The capital will also fund incremental working capital requirements, support inorganic acquisitions, and cover general corporate expenses. Furthermore, the company intends to invest in five subsidiaries - CCIEL Skills and Careers, FirstVenture Corporation, Integrum Technologies, Ma Foi Strategic Consultants, and Next Leap Career Solutions - to enhance their learning experience platforms.The pre-IPO placement received board approval on November 17, 2025, and shareholder approval at an extraordinary general meeting on November 28, 2025. The initial public offering (IPO) size, originally projected at INR 3,280.78 million, has been reduced by INR 300 million, while the offer for sale remains at 4,739,336 equity shares.
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