Spectrum Talent Management IPO Particulars & Guidance at Chanakyanipothi.com,
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Spectrum Talent Management IPO particulars & Guidance

Spectrum Talent Management IPO Listing:
As compared to issue price of Rs. 173, the scrip got listed at Rs. 155, discount of Rs. 18. In spite of oversubscription and strong business model, the scrip fared badly in the grey market which has affected its listing today. However, the long term investors may retain this scrip.

Spectrum Talent Management IPO Review:
The company is a human resource and staffing service provider having 275 clients and 1500+ personnel deployed at various locations. The business has strong growth potential. Past profitability is good and the valuation at which the shares are offered is very attractive. However, the IPO size is very large, so far as SME IPOs are concerned, so we are not sure how much oversubscription it can fetch. Otherwise, Apply.


What is the GMP of Spectrum Talent Management IPO?
Click for latest GMP 

Spectrum Talent Management IPO Subscription Status
On 14 June 2023 @ 4.00 (Closed)
QIB:     576000   Shares  11.21  T
NII:      2598400  Shares 11.68 T
RII:      2599200  Shares  13.08 T
Total:  5773600   Shares 12.26 T


Spectrum Talent Management IPO Particulars & Guidance:
About the business

Headquartered in Delhi, Spectrum Talent Management Limited is a renowned human resource and staffing service provider. Promoters of the company Mr. Vidur Gupta and Mr. Sidharth Agrwal 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, its Promoters have been the pillars of its Company’s growth and have built a strong value system for the Company. With their enriching experience and progressive thinking, it aims to continue to grow in the staffing industry.
It serves to more than 275 clients in domestic and offshore markets. Human Resource database is the key asset for its industry, as on December 31, 2022, it has15,606 personnel deployed at various locations for its clients.

It has wholly owned subsidiary namely STM Consulting Inc. majorly operating in the USA. Further, it has 90% subsidiary namely STM Consulting Limited, majorly operating in the UK. Both the entities are engaged in the business of employment placement agencies, Temporary employment agency activities and Human resources provision and management of human resources functions.

It offers a wide array of services such as Recruitment, Payroll, Onboarding and flexible staffing. Its comprehensive network, structured processes, professionalism and strong work ethics ensure that it remains at the top on the global scale. It satisfies firms’ staffing, and recruitment needs globally through this specialised rich knowledge.
Its substantial talent pool and deep understanding of the hiring industry has helped it achieve significant
strides in the HR market. A proper staffing process allows us to identify the current and future requirements of the clients. Further, it helps it create and execute a plan as per the derived requirements to hire the most suitable candidates.

Get more information about the company @ www.stmpl.co.in

Spectrum Talent Management IPO Details
IPO opens on Tentative 9 June 2023
IPO closes on  14 June 2023
Issue Type Book Built Issue IPO
Issue Size 6077600 Sh /Rs 105.14Cr
* Fresh Issue 5185600 Sh /Rs 89.71 Cr
* Offer for Sale  892000 Sh /Rs 15.43 Cr
Face Value per share: Rs. 10
Price Band Rs.169-173
Employee discount  Rs. 0 per share
Retail Lot Size  800 Shares
Listing will at  NSE SME
Shares offered to
  Shares Rs. (Cr)
QIB (50%) 2886800 49.94
NII  (15%) 866040 14.98
RII  (35%) 2020760 34.96
Total Shares  5773600 99.88
Retail portion will be oversubscribed by  2526
How much Shares to Apply in Remus Pharmaceuticals IPO?
Min Retail Application 800 Sh Rs. 138400
Min HNI Application  1600 Sh Rs.276800

Who are the Promoters of Spectrum Talent Management IPO?
Mr. Sidharth Agarwal and Mr. Vidur Gupta

What are the Objects of Spectrum Talent Management IPO?
The Company proposes to utilize the Net Proceeds from the Issue
1.Funding Working Capital Requirement
2.Acquisitions of Businesses in similar or complementary areas

IPO Tentative timetable
IPO opens on 9 June 2023
IPO Closes on 14 June 2023
IPO Allotment on  19 June 2023
Unblocking of ASBA  20 June 2023
Credit of Shares 21 June 2023
Listing on 22 June 2023
Registered Office of the Company
B- 46, Retreat Apartments,
20, I.P Extension,
 Who are the Lead Managers of Spectrum Talent Management IPO?
Beeline Capital Advisors Pvt Ltd
Sarthi Capital Advisors Pvt. Ltd.
Who is the Registrar to IPO?
Skyline Financial Services Pvt. Ltd
IPO Financial & Analytical Ratios
Year Total Income Net Profit EPS RoNW
  Rs.in Cr Rs.in Cr Rs. %
2019-20 323.62 6.76 14.23 45.05
2020-21 302.96 4.76 10.03 24.11
2021-22  483.72 15.52 9.07 54.89
Book Value of the Share on 31.03.2022 Rs.16.52    
Book Value of the Share after the IPO Rs.-    
Offer Price   Rs. 173    
Spectrum Talent Management
Key Performance indicators
Upper Price/last EPS 19.07
Upper price/BV Ratio 10.47
Upper price/BV after IPO 

IPO Particulars & Guidance
Peer Comparison: 

As on date of DRHP FV Total  PE
  Rs. Income Ratio of
    Rs. In Cr  
The IPO Company 10 483..72 19.07
Quess Corp 10 13711 21.8
Teamlease Services 10 6499.55 98.58



# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

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