Listing Details
- Listing Exchange NSE SME
- Listing Date 22-Jun-23
- IPO Price Range ₹ 169 to ₹ 173 per share
- Listing Price ₹ 155
- Listing Change inf%
- Last Traded Price ₹ 131.9
- Current Change inf%
Spectrum Talent IPO Details
- Open Date 09-Jun-23
- Close Date 14-Jun-23
- Lot Size 800
- IPO Size ₹ 105.14 Cr
- IPO Price Range ₹ 169 to ₹ 173 per share
- Min Investment ₹ 135200
- Listing Exchange NSE SME
- Basis of Allotment 19-Jun-23
- Refunds 20-Jun-23
- Credit to Demat Account 21-Jun-23
- Listing Date 22-Jun-23
Spectrum Talent Management IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 9 June'23 | 1.66 | 0.20 | 0.60 | 0.52 |
| 12 June'23 | 2.67 | 0.55 | 1.77 | 1.31 |
| 13 June'23 | 3.17 | 1.14 | 3.32 | 2.32 |
| 14 June'23 | 11.21 | 11.68 | 13.10 | 12.27 |
Spectrum Talent IPO Synopsis
Spectrum Talent Management is engaged in human resource and staffing services its IPO opens on 9th June and closes on 14th June.
The issue consists of a fresh issue of 5,185,600 shares. The price band for the issue is fixed at Rs.169 to Rs. 173 per share. The lot size is set for 800 shares per lot. The shares will be allotted on the 19th of June and the issue will be listed on the 22nd of June on the stock exchanges.
The book-running lead manager to the offer is Sarthi Capital Advisors Private Limited
Objectives of Spectrum Talent Management IPO
The company proposes to utilize the Net Proceeds towards funding of the following objects:
1. Funding Working Capital Requirement;
2. Acquisitions of Businesses in similar or complementary areas
3. General Corporate Purposes
4. Offer Expenses
About Spectrum Talent Management
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.
Peer Comparison
● Quess Corp Limited
● TeamLease Services Limited
For More Information:
Webstory on Spectrum Talent Management IPO
Spectrum Talent Management IPO GMP
Spectrum Talent Management Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 48372.17 | 30296.00 | 32362.37 |
| EBITDA | 1,642.72 | 555.41 | 922.72 |
| PAT | 1,552.71 | 476.41 | 675.96 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 6,479.29 | 4,630.20 | 4,081.10 |
| Share Capital | 855.00 | 950 | 475 |
| Total Borrowings | 1,026.88 | 60.72 | 422.19 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -730.82 | 541.98 | 557.99 |
| Net cash from / (used in) investing activities | 242.15 | -495.22 | 21.61 |
| Net cash flow from / (used in) financing activities | 256.42 | -375.40 | -275.22 |
| Net increase (decrease) in cash and cash equivalents | -232.25 | -328.63 | 304.37 |
Spectrum Talent IPO Key Points
-
Strengths:
1. Tech Driven organization within House Technology for servicing deputed staff/employees
2. Young organization
3. Zero Debt/Little Leverage
4. Flat hierarchy structure giving excellent decision-making flexibility
-
Risks:
1. The top 10 and top 5 customers contribute the majority of company’s revenues from operations for the financial year 2021-22, 2020-21 and 2019-20. Any loss of business from one or more of them may adversely affect our revenues and profitability.
2. The Company, its Promoters, its Directors, Group Companies and Subsidiaries are involved in certain legal proceeding(s). Any adverse decision in such proceeding(s) may render them liable to liabilities/penalties and may adversely affect the business and the results of operations.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
Be a part of the 5paisa community now with 10 million mobile app downloads
Please keep below documents handy:
- PAN Card
- Aadhar Card
- Bank Account Number
Spectrum Talent IPO FAQs
What is the minimum lot size for the Spectrum Talent Management IPO?
The lot size for the Spectrum Talent Management IPO is 800 shares.
What is the price band of the Spectrum Talent Management IPO?
The price band of Spectrum Talent Management IPO is Rs.169 to Rs.173 per share.
When does the Spectrum Talent Management issue opens and closes?
The Spectrum Talent Management IPO opens on June 9, 2023 and closes on June 14, 2023
What is the size of the Spectrum Talent Management IPO?
The Spectrum Talent Management IPO comprises of a total issue of 6,077,600 shares(aggregating up to ₹105.14 Cr)
What is the allotment date of Spectrum Talent Management IPO?
The allotment date of Spectrum Talent Management IPO is 19th June 2023.
What is the Spectrum Talent Management IPO listing date?
The listing date of Spectrum Talent Management IPO is 22nd June 2023.
Who are the book runners for Spectrum Talent Management IPO?
Sarthi Capital Advisors Private Limited is the book runner of Spectrum Talent Management IPO.
What is the objective of the Spectrum Talent Management IPO?
The company proposes to utilize the Net Proceeds towards funding of the following objects:
1. Funding Working Capital Requirement
2. Acquisitions of Businesses in similar or complementary areas
3. General Corporate Purposes
4. Offer Expenses
How to apply for the Spectrum Talent Management IPO?
To apply for the Spectrum Talent Management IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and price at which you wish to apply for
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
● You will receive a mandate notification to block funds in your UPI app
Contact Details of Spectrum Talent Management IPO
Contact Information
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/
Spectrum Talent Management IPO Register
Skyline Financial Services Private Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/
Spectrum Talent Management IPO Lead Manager
Sarthi Capital Advisors Private Limited