Spectrum Talent Management Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

09 Jun 2023

Close Date

14 Jun 2023

Allotment

19 Jun 2023

Listing Date

22 Jun 2023

Exchange

NSE SME

Price Band

₹173

Listing Price

See chart

Allotment Status

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Price Band

₹173

Per share

Face Value

₹10 per share

Lot Size

800 Shares

per lot

Issue Size

60,77,600 shares (aggregating up to ₹105.14 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹138,400

1 lot

Pre-IPO Holding

1,79,07,496 shares

Promoters

Post-IPO Holding

51,85,699 shares

Promoters

P/E (Pre)

15x

EPS (Pre)

₹10.25

UPI Deadline

2023-06-14

Mandate

Anchor AllotmentThu, 08 Jun 2023

Basis of AllotmentMon, 19 Jun 2023

Refund InitiationTue, 20 Jun 2023

Demat CreditWed, 21 Jun 2023

Listing DayThu, 22 Jun 2023

UPI Mandate Deadline2023-06-14

Sale TypeFresh Capital-cum-Offer for Sale

Net Offer to Public57,73,600 shares (aggregating up to ₹99.88 Cr)

Market Maker Quota3,04,000 shares (aggregating up to ₹5.26 Cr)

Fresh Issue Shares48,81,600 shares (aggregating up to ₹84.45 Cr)

Offer for Sale8,92,000 shares of ₹10 (aggregating up to ₹15.43 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Spectrum Talent Management Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 14 Jun 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	304,000	—	₹5.26
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	6,077,600	100%	₹105.14

IPO Shares Offered

Spectrum Talent Management Ltd. IPO total issue size: ₹105.14 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	304,000	₹5.26	5.00%
Total	6,077,600	₹105.14	100.00%

* Based on upper price band ₹173 per share

Lot Size & Investment

Lot Size

800

Shares per Lot

Issue Price

₹173.00

Upper Band

Min Investment

₹138,400

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	1,600	₹276,800
Retail (Max — 13 Lots)	13	10,400	₹1,799,200
S-HNI (Min — 14 Lots)	14	11,200	₹1,937,600
B-HNI (Min — 68 Lots)	68	54,400	₹9,411,200

* Issue Price ₹173 × Lot Size 800 shares

IPO Schedule

Anchor

08 Jun 2023

✓ Done

IPO Open

09 Jun 2023

✓ Done

IPO Close

14 Jun 2023

✓ Done

Allotment

19 Jun 2023

✓ Done

Refunds

20 Jun 2023

✓ Done

Demat Credit

21 Jun 2023

✓ Done

Listing Day

22 Jun 2023

✓ Done

₹173.00

INR · NSE

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Issue ₹173.00 Live Price

About Spectrum Talent Management Ltd.

Incorporated in 2012, 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.Spectrum Talent Management offers a wide array of services such as Payroll, Recruitment, Onboarding, and flexible staffing. Their comprehensive network, structured processes, professionalism, and strong work ethics is the key to staying on top intact on the global scale. The company strives at satisfying companies' staffing, and recruitment needs globally applying their specialized rich knowledge.

Objects of the Issue

Funding Working Capital Requirement;

Acquisitions of Businesses in similar or complementary areas

General Corporate Purposes

Spectrum Talent Management Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹30,296.0

31-Mar-21

₹48,372.2

31-Mar-22

₹58,415.7

31-Dec-22

Profit After Tax (PAT)

₹476.4

31-Mar-21

₹1,552.7

31-Mar-22

₹1,997.5

31-Dec-22

Particulars	31-Dec-22	31-Mar-22	31-Mar-21
Revenue from Operations	58415.74	48372.17	30296.00
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	1997.46	1552.71	476.41
Net Worth	4844.57	2827.37	1976.30
Total Assets	8657.66	6479.29	4630.20
Reserves & Surplus	3053.82	1972.37	1026.30
Borrowings	255.09	1026.88	60.72
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoNW

42.99%

Issue Structure & Shareholding

Total Shares Offered60,77,600 (100.00%)

Net Offer to Public57,73,600 shares (aggregating up to ₹99.88 Cr)

Reserved for Market Maker3,04,000 shares (aggregating up to ₹5.26 Cr)

Pre-Issue Promoter Holding1,79,07,496 shares

Post-Issue Promoter Holding51,85,699 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd

02228511022

ipo@skylinerta.com

https://www.skylinerta.com/ipo.php

Check Allotment

Book Running Lead Managers

Sarthi Capital Advisors Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Spectrum Talent Management Ltd. IPO subscribed? ▲

Spectrum Talent Management Ltd. IPO is subscribed 1.00 times by Jun 14, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Spectrum Talent Management Ltd. IPO retail subscription status? ▼

The Spectrum Talent Management Ltd. IPO retail category is subscribed 1.00 times as of 14 Jun 2023. The retail portion is oversubscribed.

How to subscribe Spectrum Talent Management Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 09 Jun 2023 and closes 14 Jun 2023. Min investment: ₹138,400 (1 lot = 800 shares). UPI mandate: 2023-06-14.

How many times Spectrum Talent Management Ltd. IPO subscribed? ▼

The Spectrum Talent Management Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Spectrum Talent Management Ltd. IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 19 Jun 2023. Refunds: on 20 Jun 2023.

When Spectrum Talent Management Ltd. IPO will be listed? ▼

The Spectrum Talent Management Ltd. IPO listing date is 22 Jun 2023, Thursday. Listed on: NSE SME. Issue price: ₹173. Estimated listing: ₹173. GMP: NIL.

When Spectrum Talent Management Ltd. IPO close? ▼

The Spectrum Talent Management Ltd. IPO closes on 14 Jun 2023, Wednesday. UPI mandate: 2023-06-14. Allotment: 19 Jun 2023. Listing: 22 Jun 2023.

Quick Actions

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Live Price LIVE

Last Price₹173.00

Change—

Issue Price₹173.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹173

Face Value₹10

Lot Size800 Sh

Min. Amount₹138,400

GMPNIL

Est. Listing₹173

Subscribed1.00x

Open Date09 Jun 2023

Close Date14 Jun 2023

Allotment19 Jun 2023

Listing Date22 Jun 2023

ExchangeNSE SME

UPI Deadline2023-06-14