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Spectrum Talent Management Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Spectrum Talent Management Ltd IPO

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 Money Payable On
Opens On Closes On Application Allotment
09-Jun-23 14-Jun-23 (Rs)173.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :800  Further Multiples of :800

  (Rs Cr) Lead Managers to the Issue
Project Cost 80.55
Sarthi Capital Advisors Pvt Ltd
Project Financed through Current Offer 105.14  
Post Issue Equity Share Capital 23.09  
Issue Price (Rs)173.00  
 
Projects
Funding Working Capital RequirementGeneral Corporate Purposes
Acquisitions of Business in similar or complementar areas
Promoted By
Sidharth Agarwal  
Vidur Gupta  
Listing At
NSE - SME 
Registrar to the Issue
Skyline Financial Services Pvt