He said that SPEL has maintained tremendous Growth Rate over last several years and has been Winner of Pakistan Fast Growth 25, Pakistan Fast Growth 100 and Arabia Fast Growth 500.
SPEL has exposure to a very selective client base in FMCG and Automotive Sector, and its customers include blue chip companies of both the Automotive & FMCG sector.
Book building was successfully held on December 8, 2014, resulting in a strike price of PKR 30, while the IPO of SPEL Limited is scheduled on January 6 and 7, 2015.
The ratings continue to reflect the SPEL group's established market position in the integrated circuit (IC) segment, backed by an experienced and qualified management, and healthy financial risk profile marked by comfortable gearing of 0.
For arriving at its ratings, CRISIL has combined the financials of SPEL and its wholly-owned subsidiary SPEL America Inc, together referred to as the SPEL group.
We look forward to expanding upon our relationship with SPEL as we collaborate to bring up the new LMP lines this year.
SPEL Semiconductor Limited is the leading one-stop turnkey Wafer Sort, IC Assembly & Test subcontractor facility in India.
Rockwell Automation and SPEL
have been working together since the 1980s and we knew they had a well-established infrastructure throughout Central Europe," said Ron Wichter, senior vice president, Global Manufacturing Solutions, Rockwell Automation.