June 9, 2023
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Spectrum Talent Management IPO Particulars & Guidance at Chanakyanipothi.com,
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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.
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Spectrum Talent Management IPO Subscription Status
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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 | |
| Forms | ||
| 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, Delhi-110092 |
| 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 |
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