According to NetEnt, the commercial launch of its online games with Svenska Spel is expected in the beginning of 2019.
Svenska Spel is Sweden's largest gambling operator, with well-known brands such as Lotto, Triss, Stryktipset, Oddset, Vegas and Casino Cosmopol.
Almas Hyder said that SPEL is a leading manufacturer of Technology Intensive Engineering Plastic and Packaging Products in Pakistan.
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 0.44 times and healthy debt protection measures as at 31 March 2010.
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.
CRISIL believes that the SPEL group will maintain its healthy business and financial risk profiles over the medium term, driven by its established market position and healthy growth potential.
"SPEL's technology and manufacturing capabilities are complementary with our strategy to package our mobile handset protection products in the smallest footprints and lowest profiles," said Robert V.
SPEL Semiconductor Limited is the leading one-stop turnkey Wafer Sort, IC Assembly & Test subcontractor facility in India.