Spectrum Talent Management was incorporated on May 9, 2012. The company is a human resource and staffing service provider. It serves more than 275 clients in domestic and offshore markets.
| Bidding Dates |
|---|
| 09 Jun 2023 - 14 Jun 2023 |
| Subscription |
|---|
| 11.71x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,38,400 | 1 | 1 | 800 | 6.1 M | ₹169 - ₹173 | 73.68 % | ₹1027.1 M - ₹1051.4 M | RHP DOC |
Spectrum Talent IPO SUBSCRIPTION STATUS
14 Jun '23Spectrum Talent IPO overall subscription rate was 11.71 times the total available shares
Spectrum Talent IPO retail subscription rate was 16.01 times in the retail segment
Spectrum Talent IPO non-institutional investor subscription rate was 33.62 times in the non-institutional investor category
Spectrum Talent IPO Qualified Institutional Bidder subscription rate was 2.12 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
14 Jun 2023 (Day 4) | 16.01x | 33.62x | 2.12x |
13 Jun 2023 (Day 3) | 4.03x | 3.58x | 0.6x |
12 Jun 2023 (Day 2) | 2.15x | 1.89x | 0.51x |
09 Jun 2023 (Day 1) | 0.72x | 0.9x | 0.31x |
Spectrum Talent FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY23 | 199.7 | 5,840.3 | 84.8 | 69.9 | 3.7% |
| FY22 | 155.3 | 4,832.2 | -73.1 | -91.2 | 3.4% |
| FY21 | 47.6 | 3,023.9 | 54.2 | 50.7 | 1.8% |
| FY20 | 67.6 | 3,233.2 | 55.8 | 42.2 | 2.9% |
Spectrum Talent IPO SUBSCRIPTION STATUS DETAILS
Spectrum Talent had 6.1 M shares on offer
Spectrum Talent IPO offer price was in the range ₹169 - ₹173
Spectrum Talent IPO minimum Investment was ₹138400
Spectrum Talent IPO issue size was ₹ 1027.1 M - ₹ 1051.4 M
Spectrum Talent had a minimum lot size of 800 Shares per application
Spectrum Talent NUMBER OF SHARES ON OFFER
Spectrum Talent IPO IMPORTANT DATES
| Issue Open Date | 09 Jun 2023 |
| Issue close Date | 14 Jun 2023 |
| Allotment Date | 19 Jun 2023 |
| Refund Date | 20 Jun 2023 |
| Demat Account Credit Date | 21 Jun 2023 |
| Listing Date | 22 Jun 2023 |
| Listing on Exchange(s) | NSE |
| Spectrum Talent Allotment Status | Exchange |
Spectrum Talent IPO subscription opened on 09 Jun 2023, and closed on 14 Jun 2023
IPO allotment for Spectrum Talent was finalized on Monday, 19 Jun 2023
IPO listing for Spectrum Talent was on NSE on Thursday, 22 Jun 2023
Spectrum Talent IPO LISTING GAINS
| Issue Price (adjusted) | 173.0 |
| Listing Open Price | 155.0 |
| Listing Close Price | 147.3 |
| Listing Gain% | -10.4% |
| Current Gain% | -62.0% |
Spectrum Talent Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Spectrum Talent Management Ltd. | 65.6 | 151.6 | 12.4 | 0.2 | 0.1 | 7.1 | 4.4 | 1454.2 | 14.2 | 12.3 | 69.4 | 5.3 | 69.4 |
| Sagility Ltd. | 43.7 | 20443.4 | 20.6 | 0.4 | 2.7 | 9.6 | 7.3 | 7290.8 | 29.6 | 924.8 | 71.5 | 2.1 | 49.2 |
| International Gemological Institute Ltd. | 355.8 | 15376.2 | 25.2 | 1 | 11.3 | 47.8 | 38.3 | 1661.9 | 52.7 | 711.2 | 66.4 | 14.1 | 24.3 |
| Indiabulls Ltd. | 29.4 | 6855.8 | 16.4 | 0 | 6.2 | 8.9 | 6.6 | 880.8 | 172602 | 273.9 | 501.6 | 1.8 | 739.2 |
| SIS Ltd. | 435 | 6146.2 | 41.9 | 0.2 | 0.4 | 5.4 | 1.8 | 16030.1 | 20.9 | 137.8 | 1069.1 | 10.4 | 261.6 |
| eMudhra Ltd. | 538.8 | 4462.3 | 38.8 | 1.5 | 6 | 11.8 | 8.9 | 713.2 | 35.1 | 107.8 | 27.4 | 13.9 | 25.5 |
Spectrum Talent INFORMATION ON IPO ISSUE
About Spectrum Talent
Spectrum Talent Management was incorporated on May 9, 2012. The company is a human resource and staffing service provider. It serves more than 275 clients in domestic and offshore markets.
Object of the Issue
- Funding working capital requirement
- Acquisitions of businesses in similar or complementary areas
- General corporate purposes
- Offer expenses
Spectrum Talent - PROMOTERS
| Name |
|---|
| Vidur Gupta |
| Sidharth Agarwal |
Spectrum Talent Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Spectrum Talent Lead Manager of the Issue
Sarthi Capital Advisors Private Limited
compliance@sarthiwm.in
Spectrum Talent Registrar to the Issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Spectrum Talent Strengths
Experienced promoter
Promoters Vidur Gupta and Sidharth Agarwal have a combined experience of 28 years in the staffing industry
High client base
The company serves more than 275 clients in domestic and offshore markets. As on December 31, 2022, it has 15,606 personnel deployed at various locations
Spectrum Talent Risks
Highly competitive industry
The company operates in a highly competitive and fragmented industry, with low barriers to entry and may be unable to compete successfully against existing or new competitors, particularly in the unorganised segment
Legal proceeding
The company, its promoters, its directors, group companies and subsidiaries are involved in certain legal proceedings
IPO FAQs
This IPO consists of an offer for sale of up to Rs 15.4 crore, of 892,000 shares. It also consists of a fresh issue of Rs 89.7 crore.
The promoters of the company are Vidur Gupta and Sidharth Agarwal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 169.0 - 173.0.
The IPO application opens on Jun 09, 2023 and closes on Jun 14, 2023.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 138,400.0, the maximum value for this IPO is Rs 138,400.0.
This IPO will be allotted on Jun 19, 2023.
The refund will be credited to your account on Jun 20, 2023.
The allotted shares will be credited to your demat on Jun 21, 2023.
Spectrum Talent Management Ltd.’s shares listed on the stock exchanges on Jun 22, 2023.