Infollion Research Services IPO vs Spectrum Talent Management IPO

Comparision between Infollion Research Services IPO and Spectrum Talent Management IPO.

IPO Details

Infollion Research Services IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Spectrum Talent Management IPO is a SME Book Built Issue proposed to list at NSE SME.

	Infollion Research Services IPO	Spectrum Talent Management IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Holani Consultants Private Limited	Sarthi Capital Advisors Private Limited
Registrar	Link Intime India Private Ltd	Skyline Financial Services Private Ltd
Market Maker	Holani Consultants Private Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Infollion Research Services IPO is up to ₹21.45 Cr whereas the issue size of the Spectrum Talent Management IPO is up to ₹105.14 Cr. The final issue price of Infollion Research Services IPO is ₹82.00 per share and of Spectrum Talent Management IPO is ₹173.00 per share.

	Infollion Research Services IPO	Spectrum Talent Management IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹80.00 per share	₹169.00 per share
Issue Price (Upper)	₹82.00 per share	₹173.00 per share
Issue Price (Final)	₹82.00 per share	₹173.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	800 shares
Fresh Issue Size	22,24,000 shares	51,85,600 shares
Fresh Issue Size (Amount)	up to ₹18.24 Cr	up to ₹89.71 Cr
OFS Issue Size	3,92,000 shares	8,92,000 shares
OFS Issue Size (Amount)	up to ₹3.21 Cr	up to ₹15.43 Cr
Issue Size Total	26,16,000 shares	60,77,600 shares
Issue Size Total (Amount)	up to ₹21.45 Cr	up to ₹105.14 Cr

IPO Timetable

Infollion Research Services IPO opens on May 29, 2023, while Spectrum Talent Management IPO opens on Jun 09, 2023. The closing date of Infollion Research Services IPO and Spectrum Talent Management IPO is May 31, 2023, and Jun 14, 2023, respectively.

	Infollion Research Services IPO	Spectrum Talent Management IPO
Anchor Bid Date	May 26, 2023
Issue Open	May 29, 2023	Jun 09, 2023
Issue Close	May 31, 2023	Jun 14, 2023
Basis Of Allotment (Tentative)	Jun 05, 2023	Jun 19, 2023
Initiation of Refunds (Tentative)	Jun 06, 2023	Jun 20, 2023
Credit of Share (Tentative)	Jun 07, 2023	Jun 21, 2023
Listing date (Tentative)	Jun 08, 2023	Jun 22, 2023
Anchor Lockin End date 1	Jul 05, 2023	Jul 19, 2023
Anchor Lockin End date 2	Sep 03, 2023	Sep 17, 2023

Financials

Infollion Research Services IPO P/E ratio is 14.24, as compared to Spectrum Talent Management IPO P/E ratio of 15.

Infollion Research Services IPO

Spectrum Talent Management IPO

Financial

Infollion Research Services Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	848.74	1,606.46	207.65	702.47	700.98	0.00
31-Mar-22	1,181.32	2,220.13	340.66	1,043.12	1,041.64	0.00
31-Mar-23	1,800.55	3,529.92	557.92	1,601.05	854.36	0.00
Amount in ₹ Lakhs

Spectrum Talent Management Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	4,081.10	32,362.37	675.96	1,500.36	1,025.36	422.19
31-Mar-21	4,630.20	30,296.00	476.41	1,976.30	1,026.30	60.72
31-Mar-22	6,479.29	48,372.17	1,552.71	2,827.37	1,972.37	1,026.88
31-Dec-22	8,657.66	58,415.74	1,997.46	4,844.57	3,053.82	255.09
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

67.09%

100.00%

Promoter Shareholding (Post-Issue)

72.25%

P/E Ratio

14.24

Market Cap

₹79.47 Cr.

ROE

42.20%%

ROCE

Debt/Equity

EPS

₹10.25

RoNW

42.99%%

Shares Offered

In the Infollion Research Services IPO retail investors (RII) are offered 8,70,400 shares while in Spectrum Talent Management IPO retail investors are offered 8,70,400 shares. Qualified institutional buyers (QIB) are offered 4,83,200 shares in Infollion Research Services IPO and 5,76,000 shares in Spectrum Talent Management IPO.

	Infollion Research Services IPO	Spectrum Talent Management IPO
Anchor Investor Reserveration	7,24,800 shares
Market Maker Reserveration	1,32,800 shares	3,04,000 shares
QIB	4,83,200 shares	5,76,000 shares
NII	4,04,800 shares	25,98,400 shares
RII	8,70,400 shares	25,99,200 shares
Employee	0 shares	0 shares
Others
Total	17,58,400 shares	57,73,600 shares

Bids Received (Subscription)

Infollion Research Services IPO subscribed 279.24x in total, whereas Spectrum Talent Management IPO subscribed 12.27x.

	Infollion Research Services IPO	Spectrum Talent Management IPO
QIB (times)	70.72x	11.21x
NII (times)	560.71x	11.68x
Big NII (times)
Small NII (times)
RII (times)	264.10x	13.10x
Employee (times)
Other (times)
Total (times)	279.24x	12.27x

Compare with others

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Spectrum Talent Management IPO	Innokaiz India IPO
Crayons Advertising IPO	Krishca Strapping Solutions IPO

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