TeamLease Services Limited IPO
TeamLease Services Limited was a mainboard IPO in the Diversified Commercial Services sector, offered at ₹785–₹850 per share to raise ₹424 crore. The issue was subscribed 66.02× overall (QIBs 26.97×, NIIs 185.24×, retail 10.62×). It listed on 12 Feb 2016 at ₹860 and closed its first day at ₹1,023, a listing gain of +20.3% versus the ₹850 issue price. It now trades around ₹1,080 (+27.1% versus the issue price).
Frequently asked questions
- How many times was the TeamLease Services Limited IPO subscribed?
- The TeamLease Services Limited IPO was subscribed 66.02× overall — 26.97× in the QIB category, 185.24× among non-institutional investors, 10.62× in retail.
- What were the TeamLease Services Limited IPO listing gains?
- TeamLease Services Limited listed on 12 Feb 2016 at ₹860, closing its first day at ₹1,023 — a listing gain of +20.3% versus the ₹850 issue price.
- What were the retail allotment odds for the TeamLease Services Limited IPO?
- Retail was subscribed 10.62×, so a single-lot application had roughly a 9.4% chance of allotment (about 1 in 11), and allotment was finalised on 8 Feb 2016.
- What was the price band and lot size of the TeamLease Services Limited IPO?
- The price band was ₹785–₹850 per share, with a minimum lot of 15 shares (₹12,750 at the upper band).
- Who were the registrar and lead manager for the TeamLease Services Limited IPO?
- Karvy Computershare Private Limited was the registrar to the issue.