Spectrum Talent Management Ltd Share Price – NSE

Diversified, Small Cap

Spectrum Talent Management will hold a meeting of the Board of Directors of the Company on 12 July 2023.

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The scrip was listed at Rs 155, at a discount of 10.40% to the issue price. The scrip hit a high of Rs 155 and a low of Rs 147.25. About 10.31 lakh shares of the company changed hands at the counter.

The initial public offer (IPO) of Spectrum Talent Management was subscribed 11.71 times. The issue opened for bidding on 9 June 2023 and it closed on 14 June 2023. The IPO price band was fixed at Rs 169-173 per share.

The IPO comprised fresh issue of 51,85,600 equity shares and offer for sale (OFS) up to 8,92,000 shares by existing shareholders The promoter and promoter group shareholding diluted to 73.68% post IPO from 100% pre-IPO.

The company intends to utilize the net proceeds to fund working capital requirement, acquisitions of business in similar or complementary space and general corporate purpose.

Spectrum Talent Management offer a wide array of services such as Recruitment, Payroll, Onboarding and flexible staffing. Its comprehensive network, structured processes, professionalism and strong work ethics ensure that we remain at the top on the global scale. Its satisfy firms' staffing, and recruitment needs globally through this specialised rich knowledge. The company serves more than 275 clients in domestic and offshore markets. As on 31 December 2022, the company had total 382 employees.

The company recorded a revenue from operations of Rs 584.02 crore and net profit of Rs 19.97 crore for the period ended on 31 December 2022.

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