Spectrum Talent Management IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jun 14, 2023Let’s have a detailed review of the company and analytics of the Spectrum Talent Management IPO release date, IPO offer price, subscription, Spectrum Talent Management Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 169 to Rs 173 |
| Listing At | NSE, SME |
| Min. Order Quantity | 800 Shares |
| Listing Date | 22 June 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 10,514 Lakh |
| Tick Size | 1 |
Spectrum Talent Management IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Spectrum Talent Management Share Price |
Spectrum Talent Management IPO – Summary
Their Company was incorporated on May 09, 2012, as a private limited company under the provisions of the Companies Act, 1956 with the Registrar of Companies, Delhi in the name and style of ‘Spectrum Talent Management Private Limited’.
Subsequently, their Company was converted into a public limited company pursuant to which the name of their Company was changed to “Spectrum Talent Management Limited” vide shareholder’s approval on December 26, 2022, and a fresh certificate of incorporation dated January 04, 2023.
The Promoter of this company is MR. SIDHARTH AGARWAL AND MR. VIDUR GUPTA. The lead manager of the issue is Sarthi Capital Advisors Private Limited, and the Registrar of this issue is Skyline Financial Services Private Limited.
Spectrum Talent Management IPO Date
The opening and closing dates of Spectrum Talent Management IPO are 9 June 2023 and 14 June 2023 respectively.
Spectrum Talent Management IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 9th Jun | 1.66x | 0.20x | 0.60x | 0.53x |
| 2nd Day – 12th Jun | 2.67x | 0.55x | 1.78x | 1.31x |
| 3rd Day – 13th Jun | 3.17x | 1.14x | 3.33x | 2.33x |
| 4th Day – 14th Jun | 11.21x | 11.68x | 13.10x | 12.27x |
| Shares Offered or Net Issue | 576,000 | 2,598,400 | 2,599,200 | 6,077,600 |
The shares subscribed by the public will be updated here.
Spectrum Talent Management IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares are pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Spectrum Talent Management Limited IPO Listing Date
Find the dates below on the basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | 19 June 2023 |
| Refunds Initiation | 20 June 2023 |
| Credit of Shares to Demat Account | 21 June 2023 |
| Share Listing Date | 22 June 2023 |
Spectrum Talent Management IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 169 to Rs 173
Spectrum Talent Management IPO Equity Size
This Initial Public Issue of 6,077,600 Equity Shares of Rs.10 each for cash at a price of Rs 169 to Rs 173 per equity share aggregating to Rs.10,514 Lakh.
Spectrum Talent Management IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 5,185,600 Equity Shares of Rs.10/ each.
Issue Size: 6,077,600 Equity Shares of Rs.10 each, aggregating to Rs.10,514 Lakh
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Spectrum Talent Management IPO – Live Performance
The listing date of this IPO is 22 June 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Spectrum Talent Management Share Price |
Spectrum Talent Management IPO Grey Market Premium
The Spectrum Talent Management Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Spectrum Talent Management IPO – Company Overview
Headquartered in Delhi, Spectrum Talent Management Limited is a renowned human resource and staffing service provider. Promoters of their company Mr Vidur Gupta and Mr Sidharth Agarwal have a combined experience of 28 years in the staffing industry.
Driven by the passion for building an integrated staffing company, backed by their experience, their Promoters have been the pillars of their Company’s growth and have built a strong value system for their Company.
With their enriching experience and progressive thinking, they aim to continue to grow in the staffing industry. As of the date of this Red Herring Prospectus, they serve more than 275 clients in domestic and offshore markets.
The Human Resource database is the key asset for their industry, as on December 31, 2022, they have 15,606 personnel deployed at various locations for their clients.
Spectrum Talent Management IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 8,657.66 | 6,479.29 | 4,630.20 | 4,081.10 |
| *Total Revenue | 58,415.74 | 48,372.17 | 30,296.00 | 32,362.37 |
| Total Expense | 56,400.23 | 46,829.28 | 29,841.90 | 31,527.76 |
| Profit After Tax | 1,997.46 | 1,552.71 | 476.41 | 675.96 |
Earnings per Equity Share (in Lakh)
| 31-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 11.15 | 9.07 | 10.03 | 14.23 |
Further, their PAT for the period ended on Dec 31, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 1,997.46 Lakh, Rs. 1,552.71 Lakh, Rs. 476.41 Lakh and Rs. 675.96 Lakh respectively.
Spectrum Talent Management IPO – Promoters
The Promoter of this company is:
- MR. SIDHARTH AGARWAL
- MR. VIDUR GUPTA
List of Related Parties (Key Managerial Personnel)
- Vidur Gupta, Managing Director
- Sidharth Agarwal, Whole-Time Director
- Rajesh Gupta, Non-Executive Director
- Rajeev Agarwal, Non-Executive Director
- Anup Kumar Jaiswal, Independent Director
Spectrum Talent Management IPO – Promoters Holding
- Pre-Issue Share Holding – 100.00%
- Post-Issue Share Holding – 72.25%
Spectrum Talent Management IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 6,077,600 Equity Shares aggregating up to Rs.10,514 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 25,99,200 Equity Shares |
| Other than Retail Individual Investors | Not more than 25,98,400 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,79,07,496 Equity Shares |
| Equity Shares outstanding after the Issue | 2,30,93,096 Equity Shares |
Spectrum Talent Management IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding Working Capital Requirement;
- Acquisitions of Businesses in similar or complementary areas
- General Corporate Purposes
- Offer Expenses
Spectrum Talent Management IPO – Business Strategy
- Volume business of General Staffing to help with overall efficiencies and stable growth
- High Margin service lines of RPO
- Export of services leveraging India-based manpower for diversification in reach
- Long Term Business of IT Staffing
Spectrum Talent Management IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- They have diversified business across multiple end-user industries and clients
- Established and proven track record;
- Leveraging the experience of their Promoter;
- Experienced management team and motivated Employees;
- Cordial relations with their client.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 9.07 | 54.89 | 27.05 |
| 31-Mar-21 | 10.03 | 24.11 | – |
| Mar-20 | 14.23 | 45.05 | – |
Spectrum Talent Management IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total PAT (Rs. in Lakhs) | |
| Spectrum Talent Management Limited | 10 | [●] | 9.07 | 54.89 | 1,552.71 |
| Listed Peers | |||||
| Quess Corp Limited | 10 | 21.80 | 16.32 | – | 25,097.70 |
| TeamLease Services Limited | 10 | 98.58 | 22.48 | – | 3,945.06 |
Spectrum Talent Management IPO Lead Managers
| Lead Managers |
| Sarthi Capital Advisors Private Limited CIN: U65190DL2012PTC238100 401, 4th Floor, Manek Plaza, 167, Vidyanagari Marg, Kalina, Santacruz (E), Mumbai – 400 098 Tel No.: +91 22 2652 8671/ 72 Email Id: compliance@sarthiwm.in Website: www.sarthiwm.in Contact Person: Mr Deepak Sharma SEBI Registration No.: INM000012011 |
Spectrum Talent Management IPO Registrar to offer
| Registrar to the Offer |
| Skyline Financial Services Private Limited CIN: U74899DL1995PTC071324 D-153 A, 1st Floor, Okhla Industrial Area, Phase – I, New Delhi-110020 Tel. No.: +91 11 4045 0193 Email: ipo@skylinerta.com Investor Grievance E-Mail: grievances@skylinerta.com Contact Person: Mr Anuj Kumar Website: www.skylinerta.com SEBI Registration No.: INR000003241 |
Spectrum Talent Management IPO – Other Details
- Statutory Auditor – B. Chhawchharia & Co. Chartered Accountants
- Legal Counsel to the Company – Abhishek Puri Chambers of Abhishek Puri & Associates
- Bankers to the Company – ICICI Bank Limited
Spectrum Talent Management IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Spectrum Talent Management Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Spectrum Talent Management IPO Review FAQs
Check out various FAQs related to Spectrum Talent Management IPO:
What is the Issue Size of Spectrum Talent Management IPO?
The Company is making an initial public offer of 6,077,600 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Spectrum Talent Management IPO?
The price band for this particular IPO ranges between Rs 169 to Rs 173. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Spectrum Talent Management IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 09 June 2023, while the closing date is set at 14 June 2023.
What is the Spectrum Talent Management IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 19 June 2023, refund initiation is on 20 June 2023, credit of shares is on 21 June 2023, and share listing date is on 22 June 2023.
What is the Spectrum Talent IPO Listing Date?
Shares of this company shall be listed in the exchanges on 22 June 2023. The date, when the listing would be done, is stagnant on 22 June 2023.
Who is the Registrar of Spectrum Talent IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Skyline Financial Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Spectrum Talent IPO?
Here are the promoters of this IPO – MR. SIDHARTH AGARWAL AND MR. VIDUR GUPTA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Spectrum Talent IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Spectrum Talent IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Spectrum Talent Management Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 1,552.71, 2021 is 476.41, and 2020 is 675.96. PAT from Dec 2022 is 1,997.46.
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