Spectrum Talent Management IPO will open for subscription from 09 June 2023. the company aims for an issue size of ₹105.14 Cr through this IPO.
Company Overview
| Full name | Spectrum Talent Management Limited |
| Sector | Miscellaneous |
| Industry | Miscellaneous |
| Company Website | https://www.stmpl.co.in/ |
About Company
Incorporated in 2012, Spectrum Talent Management is headquartered in Delhi and is a renowned human resource and staffing service provider. The company has served more than 275 clients in domestic and offshore markets. The Human Resource database is the key asset for its industry, as on 31 December 2022, it had 15,606 personnel deployed at various locations for its clients.
The company offers a wide array of services such as Recruitment, Payroll, Onboarding, and flexible staffing. Its comprehensive network, structured processes, professionalism, and strong work ethic ensure that it remains at the top on the global scale. It satisfies firms’ staffing, and recruitment needs globally through specialized rich knowledge.
A proper staffing process allows it to identify the current and future requirements of the clients. The different steps in the staffing process include:
- Workforce planning
- Recruitment and selection
- Placement
- Onboarding
- Retention
- Exit or separation
The Objective of the Issue
- Funding Working Capital Requirement;
- Acquisitions of Businesses in similar or complementary areas
- General Corporate Purposes
- Offer Expenses
IPO Timetable
| IPO Opening date | 09 June 2023 |
| IPO Closing | 14 June 2023 |
| Basis of Allotment | 19 June 2023 |
| Initiation Refund | 20 June 2023 |
| Credit to Demat Account | 21 June 2023 |
| Listing Date | 22 June 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | 60,77,600 shares (₹102.71 – ₹105.14 crores) |
| Fresh Issue | 51,85,600 shares (₹ 87.64 – ₹89.71 crores) |
| Offer for sale | 8,92,000 shares (₹ 15.07 – ₹15.43 crores) |
| Face value | ₹10 per share |
| Price Band | ₹169 to ₹173 per share |
| Lot size | 800 Shares |
| Retail Allocation | 42.77% |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹138,400 |
| Retail (Max) | 1 | 800 | ₹138,400 |
| HNI (Min) | 2 | 1,600 | ₹276,800 |
Reservation Details
| 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%) |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 9M FY 2023 | |
| Revenue | 323.32 | 302.39 | 483.22 | 584.03 |
| Expenses | 315.28 | 298.42 | 468.29 | 564.0 |
| Net income | 6.76 | 4.76 | 15.52 | 19.97 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 14.23 | 10.03 | 9.07 |
| PE ratio | – | – | 18.63 – 19.07 |
| RONW (%) | 45.05 | 24.11 | 54.89 |
| NAV | 31.59 | 41.61 | 16.52 |
| ROCE (%) | 54.21 | 23.32 | 54.33 |
| EBITDA (%) | 2.85 | 1.83 | 3.40 |
| ROE (%) | 45.05 | 24.11 | 54.89 |
Company Promoters
- Mr. Sidharth Agarwal
- Mr. Vidur Gupta
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.25% |
Lead Manager(s)
SARTHI CAPITAL ADVISORS PRIVATE LIMITED
401, 4th Floor, Manek Plaza,
167, Vidyanagari Marg, Kalina,
Santacruz(E), Mumbai – 400 098
Phone: +91 22 2652 8671/72
Email: compliance@sarthiwm.in
Website: www.sarthiwm.in
IPO Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1ST Floor, Okhla Industrial Area,
Phase- I, New Delhi- 110020
Phone: +91 -11 – 40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Contact Details
SPECTRUM TALENT MANAGEMENT LIMITED
Block C, Plot No. C-142, Sector- 63,
Noida, Gautam Buddha Nagar- 201301, Uttar Pradesh
Phone: 0120-4258857/ +91 96503 30031
E-mail: cs@stmpl.co.in
Website: www.stmpl.co.in
Allotment Status
Spectrum Talent IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
Final thoughts
Spectrum Talent Management IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
