Spectrum Talent Management Limited IPO

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i. Spectrum Talent Management offers a wide array of services such as Recruitment, Payroll, Onboarding and flexible staffing. Their comprehensive network, structured processes, professionalism and strong work ethics ensure that they remain at the top on the global scale. The company is satisfy firms’ staffing, and recruitment needs globally through this specialized rich knowledge.

ii. The different steps in the staffing process include:

i. Workforce planning
ii. Recruitment and selection
iii. Placement
iv. Onboarding
v. Retention
vi. Exit or separation

iii. Offerings

i. General Staffing

a. Flexi Staffing
b. Industrial Staffing:
c. Apprentice Solution:
d. Payroll Management:
e. Compliance Management:

ii. RPO (Recruitment Process Outsourcing- Permanent Recruitment)

iii. IT Permanent Hiring Vertical

a. IT Service Permanent sub-vertical

b. IT Captives Permanent sub-vertical

Competitive Strengths

i. Tech Driven organization with an in House Technology for servicing deputed staff/employees
ii. Young organization
iii. Zero Debt/Little Leverage
iv. Flat hierarchy structure giving excellent decision making flexibility

Objects of the Spectrum Talent Management Limited IPO:

The company proposes to utilize the Net Proceeds towards funding of the following objects: i. Funding Working Capital Requirement; ii. Acquisitions of Businesses in similar or complementary areas iii. General Corporate Purposes iv. Offer Expenses
DRHP of Spectrum Talent Management Limited IPO
RHP of Spectrum Talent Management Limited IPO

Spectrum Talent Management Limited IPO Details:

Open Date: Jun 09 2023
Close Date: Jun 14 2023
Total Shares: 6,077,600
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Built Issue IPO
Issue Size: 105.14 Cr.
Lot Size: 800 Shares
Issue Price: ₹ 169 to ₹173 Per Equity Share
Listing At: NSE Emerge

Promoters And Management:

i. Mr. Vidur Gupta, aged 38 Years, is the Promoter and Managing Director of the Company. He is the Co-Founder of Spectrum Talent Management Limited. He holds a bachelors degree in Hospitality and has then studied Entrepreneurship from Amity University. He has done his MBA in Entrepreneurship and is a specialist in Strategy & Business Development. He has extensive experience in management at all levels both in India and Overseas and Expertise in Talent Management in USA, APAC and MEA. ii. Mr. Sidharth Agarwal, aged 38 Years, is the Promoter, Whole-Time Director & CFO of the Company. He studied for his Bachelors in Business and Masters in Business from Amity Business School. He has worked with Reliance Capital for a year. This is where he gained excellent exposure towards finance and numbers. He is very strong with his finance and forecasting skills. His ability to tightly handle resources makes him the perfect person for handling the Finance function along with contract staffing for the company. He has been instrumental in ramping up Contract staffing operations and maintaining overall profitability for the company. He handles the Contract staffing, Finance, and operations for the company.

Financials of Spectrum Talent Management Limited IPO:

A. Balance Sheet
Particular (In Lakhs) Mar-20 Mar-21 Mar-22 Mar-23
Equity Share Capital 475.00 950.00 855.00 1,790.75
Reserves 1,025 1,026 1,972 4,072
Borrowings 422 61 1,027 340
Trade Payables 30 99 150 385
Other Liabilities 2,129 2,495 2,471 4,354
Total Liabilities 2,581 2,654 3,648 5,079
Net Block 216 170 263 415
Investments 0 80 81 1
Other Assets 60 92 127 137
Total NC Assets 275 342 471 554
Receivables 2,020 2,488 4,083 7,955
Inventory 0 0 200 232
Cash & Bank 1,104 775 543 681
Other Assets 682 1,026 1,182 2,121
Face value 10 10 10 10
B. Profit & Loss Statement
Particular (In Lakhs) Mar-20 Mar-21 Mar-22 Mar-23
Sales 32,332 30,239 48,322 77,870
Purchases of Stock In Trade 0 0 10,156 26,848
Change in Inventory 0 0 -200 35
Other Mfr. Exp 366 444 475 687
Employee Cost 30,863 29,065 35,900 46,561
Selling and admin 0 0 135 334
Other Expenses 211 231 265 530
Other Income 31 57 50 17
Depreciation 76 87 88 140
Interest 12 14 12 64
Profit before tax 835 454 1,543 2,687
Tax 159 -22 -9 24
Net profit 676 476 1,552 2,663
C. Cash Flow Statement
Particular (In Lakhs) Mar-20 Mar-21 Mar-22 Mar-23
Cash From Operating Activity
Profit From Operation 905 533 1636 2906
Receivable -316 -474 -1602 -2512
Inventory 0 0 -200 35
Payable -1 69 51 185
Loans And Advances -710 113 -641 11
Other WC Items 368 349 -223 595
Working Capital Changes -659 56 -2614 -1687
Direct Taxes -312 47 -248 88
Net Cash Inflow from Operating Activity 558 542 -731 1131
Cash from Investing Activity
Fixed assets purchased -136 -35 -181 -200
Investments purchased 158 -460 423 119
Dividends received 0 0 1 1
Net cash inflow from investing activities 22 -495 242 -80
Cash from Financing Activity
Proceeds from borrowings 11 0 966 0
Repayment of borrowings 253 361 0 1029
Intrest paid fin -12 -14 -12 -64
Dividends paid -22 0 0 0
Other financing items 0 0 -698 0
Net Cash Flow 1104 775 543 681
 

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Spectrum Talent Management Limited 779 27 11.53 15.0 173 400
Quess Corp Limited 17158 223 15.14 33.6 418 6190
TeamLease Services Limited 7870 112 65.12 32.5 2153 3685
* All the data is as per FY23.

Recommendation on Spectrum Talent Management Limited IPO:

To be updated shortly

Lead Manager of Spectrum Talent Management Limited IPO:

  1. Beeline Broking Limited

Registrar of Spectrum Talent Management Limited IPO:

  1. Skyline Financial Services Private Ltd

Company Address:

Spectrum Talent Management Limited B- 46, Retreat Apartments, 20, I.P Extension, Delhi-110092 Phone: 0120-4258857 Email: cs@stmpl.co.in Website: http://www.stmpl.co.in/

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