Spectrum Talent Management IPO: How to check Allotment Status

Spectrum Talent Management IPO Allotment Status
Spectrum Talent Management IPO Allotment Status

by Tanushree Jaiswal Last Updated: Jun 19, 2023 - 03:12 pm 720 Views

Spectrum Talent Management IPO worth ₹105.14 crore, consists of a fresh issue combined with an offer for sale (OFS) of the said amount. The company has issued a total of 60,77,600 at a price band of ₹169 to ₹173 per share. At the upper end of the price band of Rs173 per share, the total issue size works out to ₹105.14 crore. This comprises of 51,85,600 shares issued as part of fresh issue which at upper price band of ₹173 works out to ₹89.71 crore and an offer for sale (OFS) which entails the sale of 8,92,000 shares which at upper band of ₹173 per share aggregates to ₹15.43. The combined value of the fresh issue and OFS is ₹105.14 crore, which is the total size of the IPO. The break-down of the offer reservation across different categories of investors is as under.

Anchor Investor Shares Offered


Market Maker Shares Offered

3,04,000 (5.00%)

QIB Shares Offered

5,76,000 (9.48%)

NII (HNI) Shares Offered

25,98,400 (42.75%)

Retail Shares Offered

25,99,200 (42.77%)

Total Shares Offered

60,77,600 (100%)


The response of Spectrum Talent Management IPO was strong as the over issue was subscribed 12.27X at the close of bidding on 14th June 2023 despite the large size of the IPO. Out of the overall bids received, the retail segment saw 13.10 times subscription, the non-retail HNI / NII portion saw 11.68 times subscription and the QIB portion was subscribed 11.21 times. The table below captures the overall allocation of shares with the oversubscription details as of the close of the IPO on 14th June 2023.



Bid for

Total Amount
(₹ in crore)

Qualified Institutions




Non-Institutional Buyers




Retail Investors








Total Application : 42,577 (13.10 times)


The basis of allotment will be finalized on Monday, 19th June 2023, the refunds will be initiated on 20th June 2023, demat credits will be finalized on 21st June 2023, while the stock of Spectrum Talent Management Ltd will get listed on the NSE on 22nd June 2023. The company had a pre-IPO promoter holding of 100% and post the IPO, the promoter stake in Spectrum Talent Management Ltd will stand reduced to 72.25%. On listing, the company will have an indicative P/E ratio of 15X.

How to check the allotment status. Since this is an NSE SME IPO, there is no facility to check on the exchange website and BSE only offers allotment status mainboard IPOs and for BSE SME IPOs. If you have applied for the IPO, you can check your allotment status online on the website of the IPO registrar, Skyline Financial Services Private Ltd. Here are the steps that you need to follow to check allotment status.

Checking the allotment status of Spectrum Talent Management Ltd on the website of Skyline Financial Services Private Ltd (Registrar to IPO)

Visit the Skyline Financial Services Private Ltd registrar website for IPO status by clicking on the link below:


Here you are given the choice to select 3 servers viz. Server 1, Server 2, and Server 3. There is nothing to be confused, as these are just server backups in case one of the servers is experiencing too much traffic. You can select any of these 3 servers and in case you are finding problems accessing one of the servers, then try the other one. There is no difference, which server you select; the output would still be the same across.

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Spectrum Talent Management Ltd from the dropdown box. The allotment status will be finalized on Monday, 19th June 2023, so in this case, you can access the details on the registrar website either late on 19th June 2023 or by middle of 20th June 2023. Once the company is selected from the dropdown box, you have 3 methods to check the allotment status for the IPO. All the three can be selected from the same screen.

  • Firstly, you can search by Beneficiary ID of your demat account. From the page you just need to first select the DP ID / Client ID option. It does not matter whether it is an NSDL account or a CDSL account. All you need to do is to write down the combination of the DP ID and the Client ID in a single string. In the case of NSDL, enter the DP id and Client id in a single string without space. In case of CDSL, just enter the CDSL client number. Remember that the NSDL string is alphanumeric while the CDSL string is a numeric string. The details of your DP and client ID are available in your online DP statement or in the statement of account. After that you can click the Search Button in either cases.
  • Secondly, you can access with Application Number / CAF Number. Enter the Application / CAF number and then click on Search Button. Enter the application exactly it is given in the acknowledgement slip given to you post the IPO application process. After that you can click on the Search button to get the details of shares allotted to you in the IPO.
  • Thirdly, you can also search by Income Tax PAN number. Once you select PAN (permanent account number) from the dropdown menu, enter your 10-digit PAN number, which is an alphanumeric code. The PAN number will be available on your PAN card or on top of your income tax returns filed. Once you enter the PAN, click on the Search Button.


The IPO status with number of shares of Spectrum Talent Management Ltd allotted will be displayed on the screen. You can save a screenshot of the screen for future reference. Once again, you can verify the demat credit by the close of 22nd June 2023.

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
E Factor Experiences IPO Closing subscription details

About the E Factor Experiences Ltd IPO The IPO of E Factor Experiences Ltd opened for subscription on 27th September 2023 and closed for subscription on 03rd October 2023; both days inclusive. The company has a face value of ₹10 per share.

  • Oct 04, 2023
Goyal Salt IPO: Closing subscription details

About the Goyal Salt Ltd IPO The issue opened for subscription on 26th September 2023 and closed for subscription on 03rd October 2023; both days inclusive. The company has a face value of ₹10 per share and it is a book built issue.

  • Oct 04, 2023
Canarys Automation IPO: Closing subscription details

About the Canarys Automations Ltd IPO The IPO of Canarys Automations Ltd opened for subscription on 27th September 2023 and closed for subscription on 03rd October 2023.

  • Oct 03, 2023