Ciel HR Services has filed for an IPO to raise Rs 335 crore, comprising fresh equity shares and an offer-for-sale by existing shareholders. The company, which provides technology-driven HR solutions, reported a profit of Rs 10.85 crore for fiscal 2024, a significant turnaround from a loss the previous year, with revenues rising 35.8% to Rs 1,085.7 crore. Proceeds from the IPO will be allocated for subsidiary acquisitions, working capital, and general corporate purposes.