#Indian Post Office Recruitment 2023

[varsha-123456]

CDP Office, Sundargarh has advertised a notification for the recruitment of Community Support Staff ( CRP-CM, Master Book Keeper (MBK)) vacancy

[msinfobusinesspromotion]

CDP Office, Sundargarh has advertised a notification for the recruitment of Community Support Staff ( CRP-CM, Master Book Keeper (MBK)) vacancy. 

[freejobalert1]

IP GDS Recruitment 2023

IP GDS Recruitment 2023 : इंडिया पोस्ट ऑफिस जीडीएस के 40889 पदों पर भर्ती का नोटिफिकेशन जारी कर दिया है l आईपी जीडीएस भर्ती 2023 स्टेज वाइज निकाली गई है l IP GDS Recruitment 2023 के लिए योग्य एवं इच्छुक अभ्यर्थी Official Website के माध्यम से ऑनलाइन आवेदन कर सकते है l India Post Office GDS Recruitment 2023 के लिए ऑनलाइन आवेदन 27 जनवरी से 16 फरवरी 2023 तक रखे गए है l इसके बाद अभ्यर्थी अपने…

[resulttak]

Indian Post Office Recruitment 2023 | Online Apply for 98,000+ Posta All India Job

Indian Post Office Recruitment 2023 | Online Apply for 98,000+ Posta All India Job

Indian Post Office Bharti 2023: For the youth preparing for Post Office Job 2023, bumper recruitment has come out in the Indian Post Office, its application process can be done on its official website. A total of 98,000 posts have been demanded by the Indian Post Office for the recruitment of different posts. Indian Post Office Job 2023. How to apply for Post office recruitment? See all the…

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[careeryari]

10th Pass, No Exam GDS Recruitment | Indian Post Office Job Recruitment ...

[jobtamizhan]

India Post Chennai Recruitment 2023 Apply Skilled Artisans Vacancy

India Post Chennai Recruitment 2023 Apply Skilled Artisans Vacancy #govtjobs #upsc #ssc #currentaffairs #gk #ssccgl #ias #jobs #governmentjobs

Post Office Recruitment 2022 » Apply Skilled Artisan Vacancies » Official Notification Released. Central Government Official Release The Notification Interested & Eligible Candidate Please Must Check Full Notification Details, Education Details, Salary Details, Age Relaxation, Vacancies Details, Address Details Next Strat The Apply Process Eligible Candidate Apply Vacancies And Apply Online…

[facultytick]

Teaching Faculty Jobs 27 October 2023 Announcement & Interview Notification By Faculty Tick

Central University of Tamil Nadu Applications are invited from eligible candidates for the following post of Teaching Faculty and Non Teaching Recruitment

Online applications are invited from excellent academic record and relevant work experience for recruitment to the Professor / Associate Professor/ Assistant Professor/ Deputy Registrar/ Personal Assistant/ Upper Division Clerk / Laboratory Assistant/ Lower Division Clerk post

Guru Ghasidas Vishwavidyalaya Applications are invited from eligible candidates for the following Teaching Faculty Recruitment

Applications are invited for faculty positions from eligible candidates at the level of Professor/ Associate Professor /Assistant Professor

Central University of Haryana Applications are invited from eligible candidates for the recruitment of Faculty Post for the teaching of UPSC (Preliminary &...

Applications are invited from excellent academic record and relevant work experience for recruitment to the Faculty post

Dr. Rajendra Prasad Central Agricultural University Applications are invited from eligible candidates for the following post of Teaching Faculty Recruitment

Applications are invited from excellent academic record and relevant work experience for recruitment to the Professor/ Associate Professor /Assistant Professor post

Sunbeam Academy group invited Applications from eligible candidates for the following post of Dean Academics/ Principal/ Vice Principal/ Teachers and Various Non Teaching Recruitment

Dean Academics/ Principal/ Vice Principal/ Post Graduate Teachers/ Trained Graduate Teachers/ Primary Teacher/ Pre Primary Teacher/ Part Time Sports Coach / STEM Educator/ Counsellor / Librarian/ Special Educator/ Front Desk Executive/ Dance Teacher / Dramatics Teacher/ Hostel Warden / DTP operator / Hostel Superintendent/ F&B Manager/ Estate Manager/ Graphics Designer/ Lab Attendant/ Gardener/ Office Boy

Sri Sharda Group of Institutions invited Applications from eligible candidates for the following post of Director /Teaching Faculty / TPO/ Admin Officer Recruitment

Applications are invited from excellent academic record and relevant work experience for recruitment to the Director / Professor/ Associate Professor/ Assistant Professor/ TPO/ Admin Officer post

ISBM College of Engineering invited Applications from eligible candidates for the following post of Teaching Faculty and Non Teaching Recruitment

Applications are invited from excellent academic record and relevant work experience for recruitment to the Professor/ Associate Professor/ Assistant Professor/ Placement Officer/ Physical Director / Technical Assistant / Lab Assistant / Assistant Librarian post

National Sports University Applications are invited from the eligible candidates for engagement of Contractual Faculty

Applications are invited from excellent academic record and relevant work experience for recruitment to the Assistant Professor post

VSB Group institutions Invites Application for the following Positions of Team Leader/Project Engineers/ QC / QS /Planning Engineers Recruitment

Applications are invited from excellent academic record and relevant work experience for recruitment to the Team Leader/Project Engineers/ QC / QS /Planning Engineers post

Excel Public School invited Applications from eligible candidates for the following post of TGT/ PGT/ Montessori Teachers/ PET Recruitment

Applications are invited from excellent academic record and relevant work experience for recruitment to the Trained Graduate Teachers / Post Graduate Teachers / Montessori Teachers post

Indian Institute of Information Technology Dharwad Applications are invited for regular faculty positions at the level of Assistant Professor, Associate Professor, and Professor

Online applications are invited from excellent academic record and relevant work experience for recruitment to the Professor/ Associate Professor /Assistant Professor post

Indian Institute of Information Technology, Lucknow invited Applications from eligible candidates for the following Non Teaching Post Recruitment

Online applications are invited from excellent academic record and relevant work experience for recruitment to the Registrar / Assistant Registrar / Junior Superintendent / Junior Engineer / Junior Assistant / Junior Technician post

Srinivasa Institute of Engineering and Technology Vacancy for the Post of Professors/ Associate Professor / Assistant Professor / Soft skill trainers / Librarian

Applications are invited from excellent academic record and relevant work experience for recruitment to the Professors/ Associate Professor / Assistant Professor / Soft skill trainers / Librarian post

VSB Group institutions invited Applications from eligible candidates for the following post of Accountant/Assistant Accountant/Purchase Manager/ Security Officer Recruitment

Applications are invited from excellent academic record and relevant work experience for recruitment to the Accountant/Assistant Accountant/Purchase Manager/ Security Officer post

PPG Institute of Technology invited Applications from eligible candidates for the following post of Teaching Faculty Recruitment

Applications are invited for faculty positions from eligible candidates at the level of Professor/ Associate Professor /Assistant Professor

IIT Delhi invites applications from individuals who belong to SC/ST/OBC-NCL/PwBD/EWS category for faculty positions at the level of Assistant Professor (Grade-I/II)

Online applications are invited from excellent academic record and relevant work experience for recruitment to the Assistant Professor post

Indian Institute of Technology (IIT) Mandi invites applications for Teaching Faculty positions in all disciplines

Applications are invited for faculty positions from eligible candidates at the level of Professor/ Associate Professor /Assistant Professor

National Institute of Technology Agartala invited online Applications from eligible candidates for the following post of Professor and Associate Professor Recruitment

Online applications are invited from excellent academic record and relevant work experience for recruitment to the Professor and Associate Professor post

National Institute Of Technology Andhra Pradesh invites eligible candidates for appearing in Walk in interview for the following Adhoc Faculty posts in CSE

Applications are invited from excellent academic record and relevant work experience for recruitment to the Adhoc Faculty post

Modern School Vasant Vihar (MSVV) invited Applications from eligible candidates for the following post of Principal Recruitment

Applications are invited from excellent academic record and relevant work experience for recruitment to the Principal post

BMS Institute of Technology and Management invited Applications from eligible candidates for the following post of Principal Recruitment

Applications are invited from excellent academic record and relevant work experience for recruitment to the Principal post

Uttaranchal University invited Applications from eligible candidates for the following post of Teaching Faculty and Deputy/ Assistant Director (Online Learning) Recruitment

Applications are invited from excellent academic record and relevant work experience for recruitment to the Deputy/ Assistant Director (Online Learning) / Assistant Professors/Associate Professors/Professors post

ICFAI Foundation for Higher Education Hyderabad invited Applications from eligible candidates for the following post of Teaching Faculty Recruitment

Applications are invited for faculty positions from eligible candidates at the level of Professor/ Associate Professor /Assistant Professor

Indian Institute of Technology Gandhinagar Online applications are invited from Indian Nationals for appointment to following Various Non Teaching posts on Direct Recruitment

Librarian /Deputy Librarian /Assistant Librarian /Superintending Engineer /Medical Officer /Assistant Engineer /Junior Technical Superintendent /Senior Library Information Assistant /Assistant Staff Nurse /Junior Laboratory Assistant

[news365timesindia]

[ad_1] The U.S. has officially charged an ex-Indian intelligence officer (Vikash Yadav) in connection with a thwarted assassination plot targeting Khalistani terrorist Gurpatwant Singh Pannun residing in New York City last year. According to reports, Vikash Yadav was previously affiliated with India’s Research and Analysis Wing (RAW) and now faces serious allegations following the unsealing of an indictment. Yadav is accused of coordinating the assassination attempt on Pannun, a dual US-Canadian citizen. The US Justice Department has charged him with murder-for-hire and money laundering. “The FBI will not tolerate acts of violence or other efforts to retaliate against those residing in the U.S. for exercising their constitutionally protected rights,” FBI Director Christopher Wray said in a statement. According to a report on Washington Post, the indictment against Vikash Yadav was made public. This action represents a big change in the U.S. stance on holding an important ally responsible for suspected acts of violence occurring on American soil. Washington has claimed that Indian operatives were implicated in a plot to assassinate Sikh separatist leader Gurpatwant Singh Pannun. The plot allegedly began in May 2023, with Mr Yadav, then reportedly an employee of the Indian government, allegedly collaborating with individuals in India and overseas to execute the assassination. Gurpatwant Singh Pannun, the intended target, is a designated terrorist in India and an advocate for Khalistan, a proposed independent Sikh homeland to be carved out of India. Mr Yadav is accused of recruiting an Indian national, Nikhil Gupta, to execute the assassination. Mr Gupta was arrested in Prague last June, after travelling from India, and subsequently extradited to the US, where he pleaded not guilty to the charges. The indictment describes how Mr Yadav hired Mr Gupta to “orchestrate the assassination of the victim in the United States.” According to US authorities, Mr Gupta felt there was urgency in killing Pannun, particularly after the murder of another Khalistani terrorist Hardeep Singh Nijjar, in Canada in 2023. According to the indictment, Mr Gupta believed that after Nijjar’s killing, there was “now no need to wait” for Pannun’s assassination. According to the indictment, Mr Yadav and Mr Gupta allegedly contracted an individual to carry out the killing for $100,000. The FBI later discovered that the hired assassin was, in fact, an FBI informant working undercover. In June 2023, just days before Prime Minister Narendra Modi’s state visit to the US, the informant received a $15,000 advance for the murder from Mr Yadav and Mr Gupta. The transaction reportedly took place in a car in New York, and a photograph of the exchange has been included in the indictment. The indictment also includes a photograph of Mr Yadav in military attire. The prosecutors allege that Mr Yadav instructed Mr Gupta and the hired assassin to delay the killing until after PM Modi’s visit to avoid diplomatic fallout during the high-profile event. “A few minutes later, Yadav messaged Gupta, instructing: ‘Let them also verify by their own… if they are able to get some proof that he is inside… it will be a go ahead from us,'” the indictment reads. The Ministry of External Affairs (MEA) yesterday confirmed that the “individual” named in the US Justice Department’s indictment is no longer associated with the Indian government. “The US State Department informed us that the individual in the Justice Department indictment is no longer employed by India. I confirm that he is no longer an employee of the Government of India,” MEA spokesperson Randhir Jaiswal. [ad_2] Source link

[varsha-123456]

CDP Office, Sundargarh has advertised a notification for the recruitment of Community Support Staff ( CRP-CM, Master Book Keeper (MBK)) vacancy

[msinfobusinesspromotion]

CDP Office, Sundargarh has advertised a notification for the recruitment of Community Support Staff ( CRP-CM, Master Book Keeper (MBK)) vacancy.

[news365times]

[ad_1] The U.S. has officially charged an ex-Indian intelligence officer (Vikash Yadav) in connection with a thwarted assassination plot targeting Khalistani terrorist Gurpatwant Singh Pannun residing in New York City last year. According to reports, Vikash Yadav was previously affiliated with India’s Research and Analysis Wing (RAW) and now faces serious allegations following the unsealing of an indictment. Yadav is accused of coordinating the assassination attempt on Pannun, a dual US-Canadian citizen. The US Justice Department has charged him with murder-for-hire and money laundering. “The FBI will not tolerate acts of violence or other efforts to retaliate against those residing in the U.S. for exercising their constitutionally protected rights,” FBI Director Christopher Wray said in a statement. According to a report on Washington Post, the indictment against Vikash Yadav was made public. This action represents a big change in the U.S. stance on holding an important ally responsible for suspected acts of violence occurring on American soil. Washington has claimed that Indian operatives were implicated in a plot to assassinate Sikh separatist leader Gurpatwant Singh Pannun. The plot allegedly began in May 2023, with Mr Yadav, then reportedly an employee of the Indian government, allegedly collaborating with individuals in India and overseas to execute the assassination. Gurpatwant Singh Pannun, the intended target, is a designated terrorist in India and an advocate for Khalistan, a proposed independent Sikh homeland to be carved out of India. Mr Yadav is accused of recruiting an Indian national, Nikhil Gupta, to execute the assassination. Mr Gupta was arrested in Prague last June, after travelling from India, and subsequently extradited to the US, where he pleaded not guilty to the charges. The indictment describes how Mr Yadav hired Mr Gupta to “orchestrate the assassination of the victim in the United States.” According to US authorities, Mr Gupta felt there was urgency in killing Pannun, particularly after the murder of another Khalistani terrorist Hardeep Singh Nijjar, in Canada in 2023. According to the indictment, Mr Gupta believed that after Nijjar’s killing, there was “now no need to wait” for Pannun’s assassination. According to the indictment, Mr Yadav and Mr Gupta allegedly contracted an individual to carry out the killing for $100,000. The FBI later discovered that the hired assassin was, in fact, an FBI informant working undercover. In June 2023, just days before Prime Minister Narendra Modi’s state visit to the US, the informant received a $15,000 advance for the murder from Mr Yadav and Mr Gupta. The transaction reportedly took place in a car in New York, and a photograph of the exchange has been included in the indictment. The indictment also includes a photograph of Mr Yadav in military attire. The prosecutors allege that Mr Yadav instructed Mr Gupta and the hired assassin to delay the killing until after PM Modi’s visit to avoid diplomatic fallout during the high-profile event. “A few minutes later, Yadav messaged Gupta, instructing: ‘Let them also verify by their own… if they are able to get some proof that he is inside… it will be a go ahead from us,'” the indictment reads. The Ministry of External Affairs (MEA) yesterday confirmed that the “individual” named in the US Justice Department’s indictment is no longer associated with the Indian government. “The US State Department informed us that the individual in the Justice Department indictment is no longer employed by India. I confirm that he is no longer an employee of the Government of India,” MEA spokesperson Randhir Jaiswal. [ad_2] Source link

[sarkari-resultss]

APSC CDPO Recruitment 2024 Apply Online, Notification - 49 Vacancies

The Assam Public Service Commission (APSC) has released a recruitment notification for the position of Chief Development Project Officer (CDPO) and Allied Cadres under the Women and Child Development Department, Assam. This presents a golden opportunity for eligible Indian citizens to apply for 49 CDPO posts. The registration process commenced on 19th December 2023 and will continue until 18th…

[latestgovtjobnews]

NIPER Hajipur seeks professors, assistant registrar, PRO; apply by January 5, 2024.

New Post has been published on https://www.jobsarkari.in/niper-hajipur-seeks-professors-assistant-registrar-pro-apply-by-january-5-2024/

NIPER Hajipur seeks professors, assistant registrar, PRO; apply by January 5, 2024.

The National Institute of Pharmaceutical Education and Research (NIPER) in Hajipur, Bihar, India is seeking applications for teaching and non-teaching positions. NIPER is an Institute of National Importance under the Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers, Government of India. The vacancies are open to eligible Indian nationals through direct recruitment or deputation basis. The teaching posts include Professor positions in Pharmacology and Toxicology, Pharmaceutical Analysis, Biopharmaceuticals, and Biological Analysis. The non-teaching posts include Assistant Registrar Examination and Public Relation Officer Administration. The online application process began on December 6, 2023, and the last date for submission is January 5, 2024. Hard copies of the application must be submitted by January 9, 2024. Further details can be found on the NIPER Hajipur website.

National Institute of Pharmaceutical Education and Research (NIPER)- HAJIPUR is an Institute of National Importance established by an Act of Parliament 2007.

It operates under the Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers, Government of India.

The institute is inviting online applications for Teaching and Non-Teaching posts through open competition on an all India basis.

The vacancies include positions for Professors, Assistant Professors, Assistant Registrar, Public Relation Officer, and more.

The last date for online application submission is January 5, 2024.

Introduction

NIPER is an Institute of National Importance established by an Act of Parliament 2007

Operates under the Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers, Government of India

Inviting online applications for Teaching and Non-Teaching posts through open competition on an all India basis

Teaching Posts

Vacancies include positions for Professors, Assistant Professors

Teaching disciplines: Pharmacology and Toxicology, Pharmaceutical Analysis, Biopharmaceuticals, Biological Analysis

Opportunities for short-term contract positions

Non-Teaching Posts

Vacancies include positions for Assistant Registrar and Public Relation Officer

Administrative and examination roles within the institute

Application Deadline

Last date for online application submission is January 5, 2024

Ensure all necessary documents are submitted before the deadline

Application Process

Online applications are accepted through the NIPER website

Separate links for Teaching and Non-Teaching posts

Visit www.niperhajipur.ac.in for further details and application links

Importance of NIPER-HAJIPUR

Institute of National Importance established by an Act of Parliament

Provides high-quality education and research opportunities in the field of pharmaceuticals

Contributes to the growth and development of the pharmaceutical industry in India

Benefits of Joining NIPER-HAJIPUR

Opportunity to work in a prestigious institute with a strong reputation

Access to state-of-the-art facilities and resources for research and teaching

Collaborative environment with experts in the field

Eligibility Criteria

Specific qualifications and experience required for each position

Refer to the official notification for detailed eligibility criteria

Selection Process

Selection based on open competition on an all India basis

Shortlisted candidates will be called for interviews or further evaluation

Final selection based on merit and suitability for the position

Conclusion

NIPER-HAJIPUR offers exciting career opportunities for teaching and non-teaching positions

Last date for online application submission is January 5, 2024

Join us in contributing to the growth and development of the pharmaceutical industry in India

Summary

NIPER-HAJIPUR is inviting online applications for Teaching and Non-Teaching posts

Vacancies include positions for Professors, Assistant Professors, Assistant Registrar, Public Relation Officer, and more

Last date for online application submission is January 5, 2024

Join us in shaping the future of pharmaceutical education and research in India

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[wealthview]

FirstMeridian Business services IPO Date, Price, GMP, Review, Company Profile, Financials, Risk, Allotment Details 2023

New Post has been published on https://wealthview.co.in/firstmeridian-business-services-ipo/

FirstMeridian Business services IPO Date, Price, GMP, Review, Company Profile, Financials, Risk, Allotment Details 2023

FirstMeridian Business Services IPO: FirstMeridian Business Services Ltd. (FBSL) is a leading Mumbai-based human resource (HR) and staffing company, operating in a booming Indian outsourcing market. They’re the third-largest in terms of revenue (FY21) and offer a wide range of services, including:

General staffing: Temporary and permanent staffing solutions for various industries.

Allied services: Payroll management, training and development, and compliance solutions.

Global technology solutions: IT staffing and recruitment services for MNCs and Indian companies.

Other HR services: Managed services, background verification, and HR consulting.

FirstMeridian Business services IPO Details:

The FBSL IPO was originally planned for May 2022 with an offer size of Rs. 800 crore. However, after reshaping the proposal, the company received SEBI approval in February 2023 for a slightly smaller IPO of Rs. 740 crore. Here’s the updated breakdown:

Issue Size: Rs. 740 crore

Components:

Fresh Issue: Rs. 50 crore

Offer for Sale (OFS): Rs. 690 crore (by promoters and investors)

Price Band: Rs. 277 – Rs. 291 per share

Dates (tentative):

Issue Open: Not yet announced

Issue Close: Not yet announced

Listing: Not yet announced

Recent News Updates:

The FBSL IPO has garnered moderate attention in the market. Recent developments that might impact investor sentiment include:

Positive market sentiment: The Indian markets have rallied over the past few months, creating a favorable environment for IPOs.

Growing HR outsourcing market: The Indian HR outsourcing market is expected to reach USD 5.7 billion by 2027, offering significant growth potential for FBSL.

Competition: FBSL faces stiff competition from established players like ManpowerGroup and TeamLease Services. Additionally, several tech-enabled startups are disrupting the market.

FirstMeridian Business Services IPO Offer Details

Securities Offered:

Equity Shares: The FBSL IPO will only offer equity shares of the company. No bonds or debentures will be issued.

Face Value: Rs. 10 per share

Reservation Percentages:

The total offer size of Rs. 740 crore will be divided among different investor categories as follows:

Retail Individual Investors (RII): 35%

Qualified Institutional Buyers (QIBs): 50%

Non-Institutional Investors (NIIs): 15%

Minimum Lot Size and Investment Amount:

Minimum Lot Size: One lot will comprise 50 equity shares.

Minimum Investment Amount: Based on the price band of Rs. 277 to Rs. 291 per share, the minimum investment amount per lot will range from approximately Rs. 13,850 to Rs. 14,550.

FirstMeridian Business Services Company Profile:

History and Operations:

Founded in 1997, FirstMeridian boasts over 25 years of experience in the Indian HR and staffing space.

Originally known as ‘InnovSource,’ it rebranded to encompass its growing portfolio of established brands:

V5 Global Services: Focuses on IT and non-IT staffing for MNCs and Indian companies.

Affluent Global Services: Specializes in professional recruitment and executive search.

CBSI Global: Offers business process outsourcing (BPO) and managed services.

RLabs Enterprise Services: Provides tech-enabled HR solutions and automation.

Operates through a network of 3500+ branch offices across India, serving 1200+ clients and placing over 126,000 associates annually.

Market Focus: Key sectors include Telecom, Retail, BFSI, IT, ITES, E-Commerce, Manufacturing, Engineering, and Logistics.

Market Position and Share:

Ranked as the 3rd largest Indian staffing company by revenue (FY21) with a market share of approximately 7%.

Faces competition from established players like ManpowerGroup and TeamLease Services, as well as tech-enabled startups.

Prominent Brands and Partnerships:

Collaborates with global brands like Amazon, Microsoft, Samsung, and Coca-Cola.

Partnered with government initiatives like National Skill Development Corporation (NSDC) to upskill the workforce.

Key Milestones and Achievements:

Awarded the “Best Employer Brand Award” by Aon Hewitt in 2018 and 2019.

Featured in the “Great Place to Work® India” list for over 8 consecutive years.

Received the “Fastest Growing Staffing Company” award by Frost & Sullivan in 2020.

Competitive Advantages and USP:

Diversified Service Portfolio: Offers a one-stop solution for diverse HR needs across various industries.

Strong Track Record: Established brand with over 2 decades of experience and consistent growth.

Nationwide Network: Extensive reach through an expansive network of branch offices.

Focus on Technology: Investing in HR tech solutions to enhance efficiency and service delivery.

Social Impact: Committed to skilling the workforce and creating employment opportunities.

FirstMeridian Business Services Financials:

Recent Financial Performance:

Revenue Growth: While the exact figures for FY23 are not yet available, FBSL reportedly achieved significant revenue growth compared to FY22. Sources indicate a year-on-year increase of around 40%, exceeding pre-pandemic levels.

Profitability: The company has shown consistent profitability with operating margins hovering around 4-5% in recent years. However, net profit margins are lower due to finance costs associated with debt.

Debt Levels: FBSL maintains a moderate debt level with a debt-to-equity ratio around 0.7 as of March 2023. While the upcoming IPO aims to further reduce debt, investors should continue to monitor this aspect.

Key Financial Ratios (as of March 2023):

Price-to-Earnings (P/E) Ratio: Not yet available due to pending IPO and lack of post-issue market price.

Earnings per Share (EPS): INR 3.74 for FY23 (estimated).

Debt-to-Equity Ratio: 0.70.

Industry Benchmarks:

The average P/E ratio for staffing companies in India is around 20-25.

The average EPS for comparable companies is in the range of INR 6-8.

The industry standard for debt-to-equity ratio in the staffing sector is typically below 1.

Objectives of the FirstMeridian Business Services IPO:

Reasons for Going Public:

FirstMeridian Business Services (FBSL) has outlined several key reasons for pursuing an IPO:

Capital Raising: The primary objective is to raise Rs. 740 crore, with Rs. 50 crore from a fresh issue and Rs. 690 crore from an offer for sale (OFS) by promoters and investors. This capital will be used to fuel future growth initiatives.

Brand Visibility and Credibility: Public listing can enhance FBSL’s brand image and recognition in the market, potentially attracting new clients and talent.

Improving Liquidity and Shareholder Base: Access to public markets can create investor interest and liquidity for existing shareholders, facilitating easier exits and value realization.

Facilitating Future Acquisitions and Partnerships: Publicly traded status can make FBSL a more attractive partner for potential mergers, acquisitions, or strategic collaborations.

Utilization of Raised Funds:

FBSL plans to utilize the proceeds from the fresh issue as follows:

Debt Repayment: A portion of the funds will be used to reduce existing debt, lowering financing costs and improving financial stability.

Expansion and Investments: The company aims to invest in technology infrastructure, digital initiatives, branch network expansion, and new service offerings to drive organic growth.

Working Capital Requirements: The remaining funds will be used to meet working capital needs and support ongoing operations.

Alignment with Future Growth Strategy:

FBSL’s stated objectives for the IPO clearly align with its future growth strategy, which focuses on:

Organic Growth: Expanding core staffing and allied services businesses, diversifying into adjacent HR solutions like RPO and managed services.

Geographic Expansion: Exploring potential entry into new domestic markets and collaborating with global players for international reach.

Technology Adoption: Investing in AI, automation, and other HR tech solutions to improve efficiency, productivity, and client service.

Enhanced Brand and Talent Acquisition: Leveraging the public company status to attract and retain top talent and strengthen brand reputation.

FirstMeridian Business Services IPO Risks:

While the FirstMeridian Business Services IPO offers promising prospects, it’s crucial to acknowledge and carefully consider the associated risks before investing. Here are some key areas to examine:

Industry Headwinds:

The HR outsourcing industry in India faces potential headwinds like automation and technology replacing some traditional staffing roles.

Dependence on certain sectors like IT and BFSI can expose the company to vulnerabilities if these sectors experience downturns.

Increasing competition from established players and tech-enabled startups could put pressure on market share and profitability.

Company-Specific Challenges:

While FBSL boasts a track record, its reliance on its top management personnel raises concerns about succession planning and potential impact if key individuals leave.

The company’s moderate debt levels, though manageable, should be monitored closely, as high debt can restrict future growth or financial flexibility.

Dependence on temporary staffing services might be impacted by economic fluctuations or changes in labor laws and regulations.

Financial Health Analysis:

While FBSL demonstrates consistent profitability, its net profit margins are lower due to finance costs associated with debt.

The upcoming IPO aims to reduce debt, but investors should monitor the post-issue debt-to-equity ratio to assess financial stability.

The recent financial performance (FY23) is still preliminary, and investors should wait for the final audited reports before making investment decisions.

Red Flags for Investors:

High dependence on specific sectors and limited geographic diversification.

Moderate debt levels and reliance on traditional staffing services.

Lack of clarity on the final lead managers and their track record in similar offerings.

FirstMeridian Business Services Limited – DRHP

Also Read: How to Apply for an IPO?