Spectrum Talent Management Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Spectrum Talent

CMP

111.90

+0.40 (0.36%)

₹173

Offer Price

₹ 105.14 Cr

Issue Size

₹ 1,38,400

Min Investment

800

Lot size

Time Line

  • 09
    Jun 2023
    Open
  • 14
    Jun 2023
    Close
  • 19
    Jun 2023
    Finalisation of Basis of Allotment
  • 20
    Jun 2023
    Initiation of Refunds
  • 21
    Jun 2023
    Transfer of Shares to Demat Account
  • 22
    Jun 2023
    Listing Date

Risks

  • 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.

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 302.39 (-6.50%) 483.22 (59.80%) 768.04 (58.90%)
Gross Profit 302.39 (-6.50%) 483.22 (59.80%) 768.04 (58.90%)
Net Income 302.39 (-6.50%) 483.22 (59.80%) 768.04 (58.90%)
Assets 302.39 (-6.50%) 483.22 (59.80%) 768.04 (58.90%)
Liabilities 302.39 (-6.50%) 483.22 (59.80%) 768.04 (58.90%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Spectrum Talent Management Ltd 483.22 15.53 39.27 11.00 0.00 40.86 61.90 2.38 0.26
Quess Corp Ltd 13,691.78 241.22 5,370.96 5,370.96 9.89 16.18 173.57 4.49 0.24
Team Lease Services Ltd 6,479.82 38.43 1,540.41 1,540.41 5.54 22.48 412.82 2.49 0.04

Book Running Managers

  • Sarthi Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Skyline Financial Services Pvt

D-153/A 1st Flr,
Okhla Industrial Are,
Phase-I - New Delhi-110020
Phone : 91-11-26812682 Fax: 91-11-30857562

Company Contact Information

B-46 Retreat Apartments 20,
I P Extension,
Delhi - 110092
Phone : 91-120-4258857 / 91-96503 30031 Email : cs@stmpl.co.in www.stmpl.co.in

Offer Related Information

Initial public offering of 60,77,600 equity shares of face value of Rs. 10.00 each ("Equity Shares") of the company for cash at a price of Rs. 173 per equity share (including a share premium of Rs. 163 per equity share) ("Offer Price") aggregating Rs. 105.14 crores ("Offer"). The offer comprises a fresh issue of 51,85,600 equity shares aggregating Rs. 89.71 crores ("Fresh Issue") and an offer for sale of 8,92,000 equity shares ("Offered Shares") aggregating Rs. 15.43 crores, by Sidharth... More

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