Spectrum Talent Management Limited

Spectrum Talent Management Limited IPO Review, Date, Price, GMP

Spectrum Talent Management Limited was incorporated on May 09, 2012, as a private limited company under the provisions of the Companies Act, of 1956. It was registered with the Registrar of Companies, Delhi under “Spectrum Talent Management Private Limited.” Later, the company underwent conversion into a public limited company and changed its name to “Spectrum Talent Management Limited” following shareholder approval on December 26, 2022. A fresh certificate of incorporation was issued on January 04, 2023.

Headquartered in Delhi, Spectrum Talent Management Limited is a well-known human resource and staffing service provider. The company’s founders, Mr. Vidur Gupta and Mr. Sidharth Agrwal have a combined experience of 28 years in the staffing industry. Their expertise and dedication have been instrumental in the company’s growth and the establishment of a strong value system.

As of the Draft Red Herring Prospectus date, Spectrum Talent Management Limited caters to over 275 clients in domestic and offshore markets. The company’s key asset is its human resource database, and as of December 31, 2022, it had 15,606 personnel deployed at various locations to serve its clients.

The company also has two subsidiaries. The first is STM Consulting Inc., a wholly-owned subsidiary primarily operating in the USA. The second is STM Consulting Limited, a 90% subsidiary mainly operating in the UK. Both subsidiaries are engaged in the business of employment placement agencies, temporary employment agency activities, and human resources provision and management.

Spectrum Talent Management Limited offers various services including recruitment, payroll management, onboarding, and flexible staffing. Its extensive network, structured processes, professionalism, and strong work ethic contribute to its reputation on a global scale. The company’s deep understanding of the hiring industry and substantial talent pool has enabled it to make significant progress in the HR market.

The staffing process followed by Spectrum Talent Management Limited involves several steps, including workforce planning, recruitment and selection, placement, onboarding, retention, and exit or separation.

While the company focuses primarily on its core business in human resource and staffing services, it has also explored other lines of business. One such venture involved the export of electronic products, which presented a growing field with substantial growth potential. Although it is not the company’s core business, Spectrum Talent Management Limited engaged in trading activities in this emerging field due to small order sizes and fast turnaround, which yielded decent returns. However, the company intends to close its trading vertical in due time to maintain focus on its core competence.

Spectrum Talent Management Limited IPO Complete Details:

IPO Date09 June 2023 to 14 June 2023
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Face Value10 Rs. Per Share
PriceRs.169 to 173
Lot Size800
Issue Size6,077,600 shares (Rs. 105.14 Cr)
Fresh Issue5,185,600 shares (Rs. Cr)
Offer For Sale892,000 shares (Rs. Cr)
Listing Date22 June 2023

Spectrum Talent Management Limited IPO Timetable:

Opening Date09 June 2023
Closing Date14 June 2023
Allotment19 June 2023
Initiation of Refunds20 June 2023
Credit of Shares to Demat Account21 June 2023
Listing Date22 June 2023
* Date May Change

Company Financial Details:

Period EndedAssetsRevenueProfit After TaxNet Worth
31 March 20204,081.1032,362.37675.961,500.36
31 March 20214,630.2030,296.00476.411,976.30
31 March 20226,479.2948,372.171,552.712,827.37
31 December 20228,657.6658,415.741,997.464,844.57
Amount In Lakhs

AS OF NOW, the GMP OF Spectrum Talent Management Limited is Around 13 Rs.

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