Spectrum Talent Management Ltd IPO Timeline

Spectrum Talent Management Ltd IPO opens on 09-Jun-2023, and closes on 14-Jun-2023. The Spectrum Talent Management Ltd IPO bid date is from 09-Jun-2023 to 14-Jun-2023. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Spectrum Talent Management Ltd IPO Opening Date 09-Jun-2023
Spectrum Talent Management Ltd IPO Closing Date 14-Jun-2023
Basis of Allotment 19-Jun-2023
Initiation of Refunds 20-Jun-2023
Credit of Shares to Demat 21-Jun-2023
Spectrum Talent Management Ltd IPO Listing Date 22-Jun-2023

Spectrum Talent Management Ltd IPO Lot Size

Spectrum Talent Management Ltd IPO lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or 138400).

Application Lots Shares Amount
Minimum 1 800 ₹138400
Maximum 1 800 ₹138400

Spectrum Talent Management Ltd IPO Details

Spectrum Talent Management Ltd IPO Date 09-Jun-2023 to 14-Jun-2023
Spectrum Talent Management Ltd IPO Face Value Shares of ₹10 per share
Spectrum Talent Management Ltd IPO Price ₹169 to ₹173 per share
Spectrum Talent Management Ltd IPO Lot Size 800
Issue Size Shares of ₹10 (aggregating up to ₹105.14 Cr)
Fresh Issue Shares of ₹10 (aggregating up to ₹87.64 Cr)
Offer for Sale Shares of ₹10 (aggregating up to ₹15.07 Cr)
Issue Type Book Building - SME
Listing At NSE - SME
QIB Shares Offered -
Retail Shares Offered -
NII (HNI) Shares Offered -
Company Promoters Sidharth Agarwal, Vidur Gupta.

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • 1 Funding Working Capital Requirement
  • 2 Acquisitions of Business in similar or complementar areas
  • 3 General Corporate Purposes

Company Financials

Spectrum Talent Management Ltd Financial Information (Restated)

Period Ended Total Assets Total Revenue Profit After Tax
03-2024 196.76 1001.58 11.01
03-2023 92.60 753.62 27.02
03-2022 63.39 476.56 15.14
Amount in ₹ Crore
    -
  • Its top 10 and top 5 customers contribute majority of the company revenues from operations for the financial year 2021-22, 2020-21 and 2019-20. Any loss of business from one or more of them may adversely affect its revenues and profitability.
  • The company may face decrease in profits due to any change in taxation policy.
  • Any failure to attract and retain qualified Associates who meet the staffing requirements of its clients may adversely affect its business prospect, reputation and future financial performance.
  • The company operate 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 unorganized segment.
  • Loss of major clients or the deterioration of their financial condition or prospects could have a material adverse effect on its business.
  • Due to the nature of the staffing services business, its may be exposed to employment-related claims and losses that could have a material adverse effect on its business and reputation.
  • The company may discontinue its Electronics export business in the near future.
  • Its may be unable to perform background verification procedures on its Associate Employees prior to placing them with the company clients.
  • The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
  • The company businesses are subject to various operational risks and any adverse incident or accident involving employees in its businesses may adversely affect the company reputation, business, results of operations and financial condition.
  • The restated consolidated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
  • Its business is significantly affected by fluctuations in general economic activity.
  • The Company, its Promoters, its Directors, Group Companies and Subsidiaries are involved in certain legal proceeding(s). Any adverse decision in such proceeding(s) may render it/them liable to liabilities/penalties and may adversely affect its business and results of operations.
  • The company business is subject to extensive government regulation, which may restrict the types of services its permitted to offer or result in additional tax or other costs that reduce its revenues and earnings.
  • The company may be unable to fully realize the anticipated benefits of any future acquisitions successfully or within its intended timeframe.
  • The company has Pan India tie ups with colleges & NGOS to provide its Human Resource services. However, The company don't have any formal agreement with these Colleges & NGO's for its services.
  • Within the parameters as mentioned in the chapter titled "Objects of the Offer" beginning on page 65 of this Draft Red Herring Prospectus, the Company's management will have flexibility in applying the proceeds of this Offer. The fund requirement and deployment mentioned in the Objects of this Offer have not been appraised by any bank or financial institution.
  • If the company is unable to identify expansion opportunities or experience delays or other problems in implementing such projects, its growth, business, financial condition, results of operations and prospects may be adversely affected.
  • Inability to effectively manage its growth and related issues could materially and adversely affect its business and impact the company future financial performance.
  • India has stringent labour legislations that protect the interests of workers, and if the company employees unionize, its may be subject to industrial unrest, slowdowns and increased wage costs.
  • The company ability to operate its business, maintain its competitive position and implement its business strategy is dependent to a significant extent on its senior management team and other key personnel.
  • Client contracts are generally of a short duration and contain termination provisions that could decrease its revenues and earnings.
  • Clients may delay or default in making payments for services which could affect the cash-flows and liquidity of the Company.
  • The Company had negative cash flows from its Operating activities, Investing activities as well as Financing activities in some of the previous year(s).
  • The COVID-19 pandemic, or any future pandemic or widespread public health emergency, could adversely impact its business, results of operations, financial condition and cash flows.
  • The company revenues and profitability vary across its business verticals, thereby making its future financial results less predictable.
  • Any excess payment made to its Associates may result in irrecoverable losses.
  • Its indebtedness and the restrictions imposed by the company financing arrangements could adversely affect its ability to conduct the company business and operations.
  • The company Promoters have provided personal guarantees to loan facility availed by it, which if revoked may require alternative guarantees, repayment of amount due or termination of the facilities.
  • The Registered Office of the Company is not owned by it. The company has taken No Objection Certificate (NOC) for the use of such premises. In the event, the NOC is withdrawn its may suffer a disruption in the company operations.
  • The Company is still using one of the offices even after rent agreement has expired.
  • The average cost of acquisition of Equity Shares by its Promoters is lower than the Offer Price.
  • The company insurance coverage may not be adequate and this may have a material adverse effect on its business financial condition and results of operation.
  • Upon completion of the Offer, its Promoters and Promoter Group will continue to retain control over it, which will allow them to influence the outcome of matters submitted to the shareholders for approval.
  • There may be potential conflict of interests between the Company, Subsidiary and Group Company promoted by its directors or Promoter Group Members/ Entities.
  • The company has in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.
  • The company has not independently verified certain industry data in this Draft Red Herring Prospectus.
  • Any change in Data Protection Regulations may affect its profitability.
  • The deployment of funds raised through this Offer shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
    -

Spectrum Talent Management Ltd IPO Promoter Holding

Pre Issue Share Holding 95.0%
Post Issue Share Holding 69.8%

Spectrum Talent Management Ltd IPO Subscription Status (Bidding Detail)

The Spectrum Talent Management Ltd IPO is subscribed 11.7099 times on Jun 14, 2023 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)

Category QIB NII Retail Employee Total
Subscription (times) - - - - 11.7099

Spectrum Talent Management Ltd IPO Prospectus

Spectrum Talent Management Ltd IPO Listing Date

Listing Date 22 Jun 23
BSE Script 78655
NSE Symbol SPECTSTM
Listing In NSE - SME
ISIN INE0OL001018
IPO Price ₹173
Face Value ₹10

Spectrum Talent Management Ltd IPO Registrar

Skyline Financial Services Pvt

Phone: +91 11 4045 0193
Email: ipo@skylinerta.com
Website: www.skylinerta.com

Spectrum Talent Management Ltd IPO Lead Manager(s)

  1. Sarthi Capital Advisors Pvt Ltd

FAQs on Spectrum Talent Management Ltd IPO

Spectrum Talent Management Ltd IPO, which opens for subscription from 09-Jun-2023 to 14-Jun-2023 has an issue size of ₹105.14 crore. The issue type is book building issue.

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for Spectrum Talent Management Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

Spectrum Talent Management Ltd IPO Opens for subscription from 09-Jun-2023 to 14-Jun-2023.

The lot size of Spectrum Talent Management Ltd is 800 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹138400 and ₹138400 respectively.

Allotment date for Spectrum Talent Management Ltd is 19-Jun-2023 and refund of application amount (in case allotment is not received) will begin from 20-Jun-2023. If your allotment goes through, then shares will be credited in your Demat account by 21-Jun-2023.

The registrar for Spectrum Talent Management Ltd IPO is Skyline Financial Services Pvt. You can check your IPO allotment status on the registrar's website.

The shares of Spectrum Talent Management Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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