IPO

IPO Synopsis

Spectrum Talent Management Ltd
  • Registered Office: B-46 Retreat Apartments 20,I P Extension, Delhi - 110092, New Delhi, India. Phone : 91-120-4258857 / 91-96503 30031   Fax:
  • Email : cs@stmpl.co.in
  • Website :www.stmpl.co.in
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 Agarwal and Vidur Gupta (selling shareholders), (the "Offer for Sale"). This offer includes a reservation of 3,04,000 equity shares aggregating Rs. 5.26 crores (constituting 5.00% of issued paid-up equity share capital of the company) for subscription by market maker ("Market Maker Reservation Portion"). The offer less the market maker reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 26.32 % and 25.00 %, respectively, of the post-offer paid-up equity share capital of the company, respectively. The face value of the equity shares is Rs. 10.00 each.
Issue
Opens On Closes On
09-Jun-23 14-Jun-23
Money Payable On
Application Allotment
173.00 0.00
Minimum Application for shares in Nos : 800 Further Multiples of : 800
Cr Lead Managers to the Issue
Project Cost (.Cr) 80.55 Sarthi Capital Advisors Pvt Ltd
Project Financed through Current Offer (.Cr) 105.14  
Post Issue Equity Share Capital (.Cr) 23.09
Issue Price () 173.00
Projects
Funding Working Capital Requirement
Acquisitions of Business in similar or complementar areas
General Corporate Purposes
Promoted By
Sidharth Agarwal
Vidur Gupta
Listing At
NSE - SME
Registrar to the Issue
Skyline Financial Services Pvt