Spectrum Talent Management Limited IPO : Key Details

Spectrum Talent Management Limited IPO is set to launch on 9 June, 2023. The company initiated its business operations in the year 2012. The headquarters of the firm is located in Delhi. Till date the company has more than 15606 personnel placed into various jobs. Spectrum Talent Management Limited has more than 275 customers in and outside India. The company renders various services such as Flexible staffing, recruitment, payroll and onboarding. 

Spectrum Talent Management Limited IPO DETAILS

Spectrum Talent management IPO is set to launch on 9 June, 2023. The subscription timeline extends till 14 June, 2023. The size for the IPO is 105.14 Crore Rs. Shares issued through fresh issue mode are worth 89.71 Crore Rs. Shares issued through offer for sale mode are worth Rs. 15.43 Crore. The lot size is 800 shares and the price is 169 to 173 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Skyline Financial Services  Private Limited.

Tabular Description of Spectrum Talent Management Limited IPO 

IPO OPENING DATE 9 June, 2023
CLOSING DATE FOR IPO 14 June, 2023
ISSUE TYPE Book Built Issue
Face Value per share 10 Rs. per share
IPO price band 169 to 173 Rs per share
LOT SIZE 800 shares
MINIMUM ORDER QUANTITY 800 shares
ISSUE SIZE 105.14 Crore Rs.
OFFER FOR SALE 15.43 Crore Rs.
FRESH ISSUE 89.71 Crore Rs.
LISTING AT NSE SME
LISTING DATE 22 June, 2023

Spectrum Talent Management Limited IPO : IMPORTANT DATES

IPO OPENING DATE 9 June, 2023
CLOSING DATE FOR IPO 14 June, 2023
IPO ALLOTMENT DATE 19 June, 2023
REFUNDS 20 June, 2023
DEMAT A/C CREDITED ON 21 June, 2023
IPO LISTING DATE 22 June, 2023

Spectrum Talent Management Limited IPO begins for subscription from 9 June, 2023. The IPO subscription would continue till 14 June, 2023. The allotment status for the shareholders who applied would come on 19 June, 2023. The refunds for the ones who did not get allotment would be initiated on 20 June, 2023. The DEMAT accounts of shareholders would be credited on 21 June, 2023. The listing of the company would be accompanied on 22 June, 2023.

Spectrum Talent Management Limited IPO : Lead Managers

The lead managers are :

  • Sarthi Capital Advisors Private Limited

The minimum lot size for the company is decided at 800 shares. This holding accounts to  138400 Rs.. The maximum lot size is decided at 1600 shares (HNI). This amounts to 276800 Rs.. Hence the company’s final holdings would be set as :

  Shares Amount
Minimum 800 shares 138400 Rs.
Maximum 1600 shares 276800 Rs.

OBJECTIVES FOR THE IPO

  • IPO proceeds would be used for general corporate purposes.
  • The Issue proceeds will be utilised for fulfilling the working capital requirements.
  • The Money will be utilised for acquisition of similar companies.

COMPANY FINANCIALS

Particularly (in Lakh Rs.) 2019-20 2020-21 2021-22
ASSETS 4081 4630 6479
Revenue 32362 30296 48372
PAT 675 477 1552

Spectrum Talent Management Limited had an asset base of 4081 Lakh Rs in 2020. This increased to 4630 Lakh Rs in 2021 and 6479 Lakh Rs in 2022. Thus the asset base of the company is growing every year. The most interesting part about the company is its revenue. The company is generating 7 to 8 times more revenue in comparison to its asset base. The revenue of the firm was 32362 Lakh Rs in 2020, 30296 Lakh Rs in 2021 and 48372 Lakh Rs in 2022. 

The company’s profits and revenue have been done for the year 2021. The profit of the firm was 675 Lakh Rs in 2020 and it decreased to 477 Lakh Rs in 2021. However the profit of the firm was above 1550 Lakh Rs in 2022 which means a growth of almost 1100 Lakh Rs in profit in comparison to 2021 figures.

PROS

  • Spectrum Talent Management Limited has more than 275 customers in and outside India. Till date the company has more than 15606 personnel placed into various jobs.
  •  The company renders various services such as Flexible staffing, recruitment, payroll and onboarding. 

CONS

  • The company works into a very competitive segment.

Spectrum Talent Management Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

  1. Logging into Zerodha console through its website or KITE platform.
  2. Clicking the IPO link present in the Portfolio section.
  3. Click the Spectrum Talent Management Limited IPO button and press the BID button.
  4. Entering the details asked for like UPI ID, Quantity and price.
  5. Submit the application form for the IPO.
  6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

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