IPO Issue Details
Issue Price / Price Band₹173 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size800 Shares per Lot
Total Issue Size60,77,600 shares (aggregating up to ₹105.14 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 09 Jun 2023
Subscription CloseWed, 14 Jun 2023
Anchor AllotmentThu, 08 Jun 2023
Basis of AllotmentMon, 19 Jun 2023
Initiation of RefundsTue, 20 Jun 2023
Credit of Shares to DematWed, 21 Jun 2023
Listing DateThu, 22 Jun 2023
UPI Mandate Deadline2023-06-14
Application & Investment Details
Retail — Min (1 Lots)₹1,38,400 — 800 shares
Retail — Max (13 Lots)₹1,799,200 (13 Lots)
HNI — Min (2 Lots)₹2,76,800 — 1,600 shares
EPS (Pre-IPO)₹10.25
P/E Ratio (Pre-IPO)15x
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-IPO Promoter Holding1,79,07,496 shares
Post-IPO Promoter Holding51,85,699 shares
Fresh Issue Shares48,81,600 shares (aggregating up to ₹84.45 Cr)
Offer for Sale Shares8,92,000 shares of ₹10 (aggregating up to ₹15.43 Cr)
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
Spectrum Talent Management Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding Working Capital Requirement;
74.00
2
Acquisitions of Businesses in similar or complementary areas
1.50
3
General Corporate Purposes
5.05
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,79,07,496 shares
Post-IPO Promoter Holding
51,85,699 shares