Established in 2012 and based in Delhi, Spectrum Talent Management Limited specializes in human resource and staffing services. Over the years, the company has grown its clientele, serving more than 275 clients in both domestic and offshore markets as of 2023. Their valuable asset is a robust Human Resource database, boasting 15,606 deployed personnel at various locations for clients as of December 31, 2022.
The company’s promoters, Mr. Vidur Gupta and Mr. Sidharth Agrwal, have a combined industry experience of 28 years, contributing to the company’s success in the staffing industry.
It provides a diverse range of services, including Payroll, Recruitment, Onboarding, and flexible staffing. Their strong global presence, well-structured processes, professionalism, and unwavering work ethics have been instrumental in maintaining a leading position in the industry. The company takes pride in meeting staffing and recruitment needs of companies worldwide, leveraging their specialized knowledge and expertise.
Stock Quote #
- Open: ₹152.00
- High – Low: ₹152.00 – ₹146.20
- Previous Close: ₹152.20
- Total Traded Value: 86,400
- Updated On: Jul 20, 2023 4:00 PM
IPO Details #
| IPO Date | Jun 9, 2023 to Jun 14, 2023 |
| Listing Date | Jun 22, 2023 |
| Face Value | ₹10 per share |
| Price | ₹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 post issue | 5,185,699 |
| Market Maker portion | 304,000 shares Rikhav Securities |
Spectrum Talent Management IPO Reservation #
| 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 Timetable (Tentative) #
Spectrum Talent Management IPO opens on Jun 9, 2023, and closes on Jun 14, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Friday, 9 June 2023 |
| Closing Date | Wednesday, 14 June 2023 |
| Basis of Allotment | Monday, 19 June 2023 |
| Initiation of Refunds | Tuesday, 20 June 2023 |
| Credit of Shares to Demat | Wednesday, 21 June 2023 |
| Listing Date | Thursday, 22 June 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jun 14, 2023 |
Spectrum Talent Management IPO Lot Size #
The Spectrum Talent Management IPO lot size is 800 shares.
| 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 | |||
Spectrum Talent Management IPO Promoter Holding #
Mr. Sidharth Agarwal and Mr. Vidur Gupta are the Promoters of the company.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 72.25% |
Company Financials #
| 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 | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 15 |
| EPS (Rs) | 10.25 |
| RoNW | 42.99% |
Objects of the Issue #
The company proposes to utilize the Net Proceeds towards funding of the following objects:
- Funding Working Capital Requirement;
- Acquisitions of Businesses in similar or complementary areas
- General Corporate Purposes
- Offer Expenses
The Spectrum Talent Management IPO is subscribed 12.27 times on Jun 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)
Spectrum Talent Management IPO Prospectus #
- Spectrum Talent Management IPO DRHP
- Spectrum Talent Management IPO RHP
Spectrum Talent Management IPO Listing Details #
| Listing Date | Jun 22, 2023 |
| BSE Script Code | |
| NSE Symbol | SPECTSTM |
| ISIN | INE0OL001018 |
| Final Issue Price | ₹173 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹173.00 |
| ₹155.00 |
| ₹147.25 |
| ₹155.00 |
| ₹147.25 |
Company Contact Information
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 Registrar #
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Spectrum Talent Management IPO Lead Manager(s) #
FAQs #
What is Spectrum Talent Management IPO? #
Spectrum Talent Management IPO is a Book Built Issue Initial Public Offering (IPO) by Spectrum Talent Management Limited, a company engaged in human resource and staffing services. The IPO comprises 6,077,600 equity shares with a face value of ₹10 each, aggregating up to ₹105.14 Crores. The IPO price range is ₹169 to ₹173 per share, and the lot size is 800 shares.
What are the IPO Dates and Timetable for Spectrum Talent Management IPO? #
The Spectrum Talent Management IPO opened on June 9, 2023, and closed on June 14, 2023. The timetable for the IPO process was as follows:
Opening Date: June 9, 2023
Closing Date: June 14, 2023
Basis of Allotment: June 19, 2023
Initiation of Refunds: June 20, 2023
Credit of Shares to Demat: June 21, 2023
Listing Date: June 22, 2023
Where will Spectrum Talent Management IPO be listed? #
Spectrum Talent Management IPO shares will be listed on the NSE SME platform.
What is the IPO Price and Lot Size for Spectrum Talent Management IPO? #
The IPO price range for Spectrum Talent Management is set at ₹169 to ₹173 per equity share, and the lot size is 800 shares.
Who are the Promoters of Spectrum Talent Management Limited? #
Mr. Sidharth Agarwal and Mr. Vidur Gupta are the Promoters of Spectrum Talent Management Limited.
What are the financial highlights and key performance indicators of Spectrum Talent Management Limited? #
As of the latest available financial information:
Total Assets: ₹8,657.66 Lakhs
Total Revenue: ₹58,415.74 Lakhs
Profit After Tax: ₹1,997.46 Lakhs
Net Worth: ₹4,844.57 Lakhs
Reserves and Surplus: ₹3,053.82 Lakhs
Total Borrowings: ₹255.09 Lakhs
P/E (Price/Earnings) Ratio: 15
EPS (Earnings per Share): ₹10.25
RoNW (Return on Net Worth): 42.99%
What are the objects of the IPO and how will the proceeds be utilized? #
The company intends to utilize the net proceeds from the IPO for funding the following objects:
Working Capital requirements
Acquisition of similar businesses or complementary areas
General corporate purposes
Please note that the information provided above is based on the data available as of July 21, 2023. For the latest and most accurate information regarding Spectrum Talent Management IPO, it is recommended to refer to official sources and reliable financial news platforms.
