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Spectrum Talent Management IPO is a book built issue of Rs 105.14 crores. The issue is a combination of fresh issue of 51.86 lakh shares aggregating to Rs 89.71 crores and offer for sale of 8.92 lakh shares aggregating to Rs 15.43 crores.
Spectrum Talent Management IPO bidding started from June 9, 2023 and ended on June 14, 2023. The allotment for Spectrum Talent Management IPO was finalized on Monday, June 19, 2023. The shares got listed on NSE SME on June 22, 2023.
Spectrum Talent Management IPO price band is set at ₹169 to ₹173 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹138,400. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹276,800.
Sarthi Capital Advisors Private Limited is the book running lead manager of the Spectrum Talent Management IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Spectrum Talent Management IPO is Rikhav Securities.
Refer to Spectrum Talent Management IPO RHP for detailed information.
| IPO Date | June 9, 2023 to June 14, 2023 |
| Listing Date | June 22, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹169 to ₹173 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 6,077,600 shares (aggregating up to ₹105.14 Cr) |
| Fresh Issue | 5,185,600 shares (aggregating up to ₹89.71 Cr) |
| Offer for Sale | 892,000 shares of ₹10 (aggregating up to ₹15.43 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,907,496 |
| Share holding post issue | 5,185,699 |
| Market Maker portion | 304,000 shares Rikhav Securities |
Spectrum Talent Management IPO offers 6,077,600 shares. 576,000 (9.48%) to QIB, 2,598,400 (42.75%) to NII, 2,599,200 (42.77%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 304,000 (5.00%) |
| QIB Shares Offered | 576,000 (9.48%) |
| NII (HNI) Shares Offered | 2,598,400 (42.75%) |
| Retail Shares Offered | 2,599,200 (42.77%) |
| Total Shares Offered | 6,077,600 (100%) |
Spectrum Talent Management IPO opens on June 9, 2023, and closes on June 14, 2023.
| IPO Open Date | Friday, June 9, 2023 |
| IPO Close Date | Wednesday, June 14, 2023 |
| Basis of Allotment | Monday, June 19, 2023 |
| Initiation of Refunds | Tuesday, June 20, 2023 |
| Credit of Shares to Demat | Wednesday, June 21, 2023 |
| Listing Date | Thursday, June 22, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 14, 2023 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹138,400 |
| Retail (Max) | 1 | 800 | ₹138,400 |
| HNI (Min) | 2 | 1,600 | ₹276,800 |
| Lot Size Calculator | |||
Mr. Sidharth Agarwal and Mr. Vidur Gupta are the Promoters of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.25% |
Incorporated in 2012, Spectrum Talent Management Limited is engaged in human resource and staffing services. They are Headquartered in Delhi.
As of 2023, the company has served more than 275 clients in domestic as well as offshore markets. The Human Resource database is the key asset for the industry, as on December 31, 2022, the entity has 15,606 personnel deployed at various locations for its clients.
The company is promoted by Mr. Vidur Gupta and Mr. Sidharth Agrwal. They hold a combined experience of 28 years in the staffing industry.
Spectrum Talent Management offers a wide array of services such as Payroll, Recruitment, Onboarding, and flexible staffing. Their comprehensive network, structured processes, professionalism, and strong work ethics is the key to staying on top intact on the global scale. The company strives at satisfying companies' staffing, and recruitment needs globally applying their specialized rich knowledge.
| 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 | ||||||
| KPI | Values |
|---|---|
| RoNW | 42.99% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.25 | |
| P/E (x) | 15 |
The company proposes to utilize the Net Proceeds towards funding of the following objects:
[Dilip Davda] STML is one of the leading global staffing companies enjoying niche play with many verticals. It has also ventured out in mobile exports to gulf countries for the last two fiscals. The company has posted growth in its top and bottom lines and based on its FY23 earnings, the issue appears reasonably priced. Investors may consider parking funds with medium to long-term perspectives. Read detail review...
The Spectrum Talent Management IPO is subscribed 12.27 times on June 14, 2023 7:29:00 PM. The public issue subscribed 13.10 times in the retail category, 11.21 times in the QIB category, and 11.68 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 11.21 |
| NII | 11.68 |
| Retail | 13.10 |
| Total | 12.27 |
Total Application : 42,577 (13.10 times)
| Listing Date | June 22, 2023 |
| BSE Script Code | |
| NSE Symbol | SPECTSTM |
| ISIN | INE0OL001018 |
| Final Issue Price | ₹173 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹173.00 |
| ₹155.00 |
| ₹147.25 |
| ₹155.00 |
| ₹147.25 |
Spectrum Talent Management Limited
B- 46, Retreat Apartments,
20, I.P Extension,
Delhi-110092
Phone: 0120-4258857
Email: cs@stmpl.co.in
Website: http://www.stmpl.co.in/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Spectrum Talent Management IPO is a SME IPO of 6,077,600 equity shares of the face value of ₹10 aggregating up to ₹105.14 Crores. The issue is priced at ₹169 to ₹173 per share. The minimum order quantity is 800 Shares.
The IPO opens on June 9, 2023, and closes on June 14, 2023.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Spectrum Talent Management IPO using UPI as a payment gateway. Zerodha customers can apply in Spectrum Talent Management IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Spectrum Talent Management IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Spectrum Talent Management IPO opens on June 9, 2023 and closes on June 14, 2023.
Spectrum Talent Management IPO lot size is 800 Shares, and the minimum amount required is ₹138,400.
You can apply in Spectrum Talent Management IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Spectrum Talent Management IPO will be done on Monday, June 19, 2023, and the allotted shares will be credited to your demat account by Wednesday, June 21, 2023. Check the Spectrum Talent Management IPO allotment status.
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