Spectrum Talent IPO GMP, Review, Price, Allotment
Introduction
In this article, we will provide an in-depth analysis of the Spectrum Talent IPO, including its description, details, financial performance, valuations, and the current grey market premium (GMP). Spectrum Talent Management, established in 2012 and headquartered in Delhi, is a reputable human resource and staffing service provider. The company has an extensive client base, serving over 275 clients in domestic and offshore markets. With its comprehensive network, structured processes, professionalism, and strong work ethic, Spectrum Talent Management has established itself as a global leader in the industry.
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Spectrum Talent IPO Description
Spectrum Talent Management specializes in recruitment, payroll management, onboarding, and flexible staffing. Its key asset is a robust human resource database, with 15,606 personnel deployed at various locations for its clients as of December 31, 2022. By leveraging its rich knowledge and expertise, the company effectively meets the staffing and recruitment needs of firms globally.
To ensure optimal client satisfaction, Spectrum Talent Management follows a meticulous staffing process that encompasses various steps:
Step 1: Identification of Client Requirements
Spectrum Talent Management begins by identifying the current and future requirements of its clients. This involves understanding the specific roles, skill sets, and qualifications needed to fulfill the clients’ staffing needs.
Step 2: Sourcing and Screening
Once the requirements are identified, the company employs various sourcing strategies, including job portals, social media, and its extensive network, to attract potential candidates. These candidates are then thoroughly screened to assess their suitability for the respective roles.
Step 3: Shortlisting and Interviewing
Based on the screening process, a shortlist of qualified candidates is created. Spectrum Talent Management conducts comprehensive interviews, evaluating candidates’ technical skills, experience, and cultural fit with the client organization.
Step 4: Selection and Onboarding
After the interviews, the final selection is made, and the chosen candidates are onboarded. The onboarding process includes completing all necessary documentation, conducting background checks, and ensuring a smooth transition into the client organization.
Spectrum Talent IPO Details
Now, let’s delve into the details of the Spectrum Talent IPO, including the IPO dates, price, allotment, and other relevant information.
IPO Dates
The Spectrum Talent IPO is scheduled to take place from 9th to 14th June 2023.
IPO Price
The IPO price for Spectrum Talent shares is set at INR 169 – 173 per share.
IPO Size
The IPO comprises a fresh issue of 51,85,600 shares, amounting to INR 87.64 – 89.71 crores, and an offer for sale of 8,92,000 shares, valued at INR 15.07 – 15.43 crores. The total IPO size stands at 60,77,600 shares, equivalent to INR 102.71 – 105.14 crores.
Minimum Bid and Lot Size
The minimum bid required to participate in the Spectrum Talent IPO is for 800 shares, amounting to INR 138,400.
Face Value and Retail Allocation
Each share of Spectrum Talent has a face value of INR 10. The IPO offers a retail allocation of 35% for individual investors.
Listing Exchange
The shares of Spectrum Talent will be listed on the NSE SME exchange.
Spectrum Talent Financial Performance
To gain a better understanding of Spectrum Talent’s financial performance, let’s analyze its revenue, expenses, net income, and other key figures for the past few years.
Year | Revenue (INR crores) | Expenses (INR crores) | Net Income (INR crores) |
---|---|---|---|
FY 2020 | 323.32 | 315.28 | 6.76 |
FY 2021 | 302.39 | 298.42 | 4.76 |
FY 2022 | 483.22 | 468.29 | 15.52 |
9M FY 2023 | 584.03 | 564.0 | 19.97 |
Figures in INR crores unless specified otherwise.
Spectrum Talent Valuations & Margins
Let’s explore Spectrum Talent’s valuations and key financial metrics to assess its performance and potential.
Year | EPS | PE Ratio | RONW (%) | NAV | ROCE (%) | EBITDA (%) | ROE (%) |
---|---|---|---|---|---|---|---|
FY 2020 | 14.23 | – | 45.05 | 31.59 | 54.21 | 2.85 | 45.05 |
FY 2021 | 10.03 | – | 24.11 | 41.61 | 23.32 | 1.83 | 24.11 |
FY 2022 | 9.07 | 18.63 – 19.07 | 54.89 | 16.52 | 54.33 | 3.40 | 54.89 |
*Compiled by IPO Central from Prospectus.
Spectrum Talent IPO GMP Today
The grey market premium (GMP) reflects the demand for shares of an IPO in the unofficial market. Here are the latest GMP figures for the Spectrum Talent IPO:
Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
---|---|---|---|
7 June 2023 | 10 | – | 8,000 |
Conclusion
The Spectrum Talent IPO presents an opportunity for investors to participate in a leading human resource and staffing service provider. With its strong track record, extensive client base, and comprehensive range of services, Spectrum Talent Management is well-positioned for future growth. Investors should carefully consider the IPO details, financial performance, and valuations before making an informed investment decision.
Frequently Asked Questions (FAQs)
How often does the IPO Grey Market Premium change?
The Grey Market Premium is dynamic and can change frequently, influenced by market conditions and investor sentiment. It is advisable to stay updated with the latest figures through reliable sources.
Can investors participate in the Grey Market trading?
Grey Market trading is conducted through a network of dealers, and participation is limited to select individuals or entities. It is an unofficial market and not regulated like the stock exchange.
Should investors rely solely on the IPO Grey Market Premium for investment decisions?
No, investors should consider the Grey Market Premium as one of several factors when making investment decisions. Thorough research, analysis of company fundamentals, and expert advice are equally important.
What is the significance of Kostak rates in IPO investments?
Kostak rates represent the price at which investors can sell their IPO application before listing. It provides an opportunity for early exits. Investors should evaluate both GMP and Kostak rates to make informed decisions.
Disclaimer:
The information provided in this article is for informational purposes only and should not be construed as investment advice. Investors are advised to conduct their own research and consult with financial professionals before making any investment decisions.