Spectrum IPO

Established in 2012, Spectrum Talent Management Limited has emerged as a prominent player in the field of human resource and staffing services. With its headquarters located in Delhi, the company has successfully served a diverse clientele in both domestic and offshore markets, solidifying its position as a trusted partner in the industry.

One of the key strengths of Spectrum Talent Management lies in its vast Human Resource database, which serves as a valuable asset for the organization. As of December 31, 2022, the company had deployed a workforce of 15,606 personnel across various locations, catering to the needs of its clients.

The company’s success can be attributed to the expertise and vision of its promoters, Mr. Vidur Gupta and Mr. Sidharth Agrwal. With a combined experience of 28 years in the staffing industry, they bring a wealth of knowledge and insights to the table, steering Spectrum Talent Management towards continued growth and success.

Spectrum Talent Management offers a comprehensive range of services to meet the diverse needs of its clients. From payroll management to recruitment, onboarding, and flexible staffing solutions, the company’s offerings are designed to streamline HR processes and provide efficient workforce solutions. With a strong emphasis on professionalism, structured processes, and strong work ethics, Spectrum Talent Management maintains its position as a leader in the global staffing industry.

One of the key factors contributing to the company’s success is its extensive network, which enables it to source and provide top-notch talent to companies worldwide. With a deep understanding of the industry and its clients’ requirements, Spectrum Talent Management leverages its specialized knowledge to fulfill staffing and recruitment needs on a global scale.

As Spectrum Talent Management looks towards the future, its commitment to excellence and customer satisfaction remains unwavering. By consistently delivering high-quality services and adapting to the evolving needs of the industry, the company aims to maintain its position as a preferred partner for organizations seeking reliable and efficient human resource and staffing solutions.

Spectrum IPO Details

Spectrum Talent IPO Dates	9 – 14 June 2023
Spectrum Talent IPO Price	INR 169 – 173 per share
Fresh issue	51,85,600 shares (INR 87.64 – 89.71 crores)
Offer For Sale	8,92,000 shares (INR 15.07 – 15.43 crores)
Total IPO size	60,77,600 shares (INR 102.71 – 105.14 crores)
Minimum bid (lot size)	800 shares (INR 138,400)
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	NSE SME

Spectrum Financial Details

Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	4,081.10	32,362.37	675.96	1,500.36	1,025.36	422.19
31-Mar-21	4,630.20	30,296.00	476.41	1,976.30	1,026.30	60.72
31-Mar-22	6,479.29	48,372.17	1,552.71	2,827.37	1,972.37	1,026.88
31-Dec-22	8,657.66	58,415.74	1,997.46	4,844.57	3,053.82	255.09

Spectrum IPO Timetable (Tentative)

Event	Tentative Date
Opening Date	Friday, 9 June 2023
Closing Date	Wednesday, 14 June 2023
Basis of Allotment	Monday, 19 June 2023
Initiation of Refunds	Tuesday, 20 June 2023
Credit of Shares to Demat	Wednesday, 21 June 2023
Listing Date	Thursday, 22 June 2023
Cut-off time for UPI mandate confirmation	5 PM on Jun 14, 2023

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Spectrum IPO Lot Size

The Spectrum Talent Management IPO lot size is 800 shares.

Application	Lots	Shares	Amount
Retail (Min)	1	800	₹138,400
Retail (Max)	1	800	₹138,400
HNI (Min)	2	1,600	₹276,800

Spectrum IPO Reservation

QIB Shares Offered	Not more than 50% of the Net Issue
NII (HNI) Shares Offered	Not less than 15% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue

Spectrum Talent KPI

	FY 2020	FY 2021	FY 2022
EPS	14.23	10.03	9.07
PE ratio	–	–	18.63 – 19.07
RONW (%)	45.05	24.11	54.89
NAV	31.59	41.61	16.52
ROCE (%)	54.21	23.32	54.33
EBITDA (%)	2.85	1.83	3.40
ROE (%)	45.05	24.11	54.89

My Analysis for Spectrum IPO

Strong market position: Spectrum Talent Management Ltd. (STML) is one of the leading global recruitment companies in India, indicating its established presence and brand recognition in the industry.
Diversified business model: STML offers a wide array of services in various sectors, including retail, engineering, IT, logistics, pharma, manufacturing, BFSI, and consulting. This diversification helps mitigate risks associated with economic downturns in specific sectors.
Resilience during the pandemic: Despite the challenging circumstances of the COVID-19 pandemic, STML has shown resilience by adding new lines of business, such as exporting mobile phones from India to the UAE. This indicates adaptability and the ability to identify and capitalize on opportunities.
Growth in Financial : STML has reported growth in its turnover and net profit over the last three fiscal years. This demonstrates the company’s ability to generate consistent revenue and profitability.
Strong client base: With over 275 clients in domestic and offshore markets, STML has built a strong client base, which is a testament to its reputation and ability to meet clients’ staffing and HR needs effectively.
Valuable Human Resource database: STML’s key asset is its Human Resource database, which comprises 15,606 personnel deployed at various locations for its clients. This database provides a competitive advantage in matching the right talent with client requirements.
Geographic expansion: The company has subsidiaries operating in the USA and UK, expanding its global footprint. This indicates a strategic focus on international markets and the potential for further growth and diversification.
Reasonably priced IPO: Based on its financial performance and earnings, the IPO appears to be reasonably priced compared to its peers. This provides an opportunity for investors to enter the market at an attractive valuation.
Experienced management team: STML is promoted by Mr. Vidur Gupta and Mr. Sidharth Agrwal, who collectively hold 28 years of experience in the staffing industry. Their expertise and industry knowledge contribute to the company’s success.
Potential for medium to long-term returns: Investors with medium to long-term perspectives may benefit from STML’s growth potential, given its strong market position, diversified business model, and consistent financial performance.

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Spectrum IPO | Details & Analysis of spectrum talent management