Spectrum Talent Management Ltd, is an SME IPO on the NSE which is opening for subscription on 09th June 2023. The company, Spectrum Talent Management Ltd, was incorporated in 2012 to provide high quality human resource and staffing services to corporates.

Spectrum Talent Management IPO is an SME IPO and a Book Building Issue. The company plans to raise ₹105.14 crore from the public issue of 60.77 lakh shares.

The initial share sale comprises a fresh issue of 51.85 lakh equity shares and an Offer for Sale (OFS) of 8.92 lakh equity shares.

The new members are expected to bring significant industry experience and strategic insights to the company's board. The IPO is expected to be a significant milestone for the firm, allowing it to raise capital and accelerate its growth strategy.

The IPO page of Spectrum Talent Management Ltd. captures the details on its Issue Open Date, Issue Close Date, Listing Date, Face Value, Price band, Issue Size, Issue Type, and Listing Date's Open Price, High Price, Low Price, Close price and Volume. It also captures the Holding Period Returns and Annual Returns

The IPO will be a book building issue, comprising a fresh issue of 51.85 lakh equity shares and an offer for sale of 8.92 lakh equity shares, the company said.

IPO Update भारतीय शेयर बाजार में इस कई कंपनी आईपीओ जारी करने वाली है। मानव संसाधन और स्टाफिंग सेवा फर्म स्पेक्ट्रम टैलेंट मैनेजमेंट इस हफ्ते अपनी आईपीओ जारी करेगी। आइए जानते है कि आईपीओ का उद्देश्य क्या है?

The price band for the issue has been set at Rs 169 to Rs 173 per share, and the IPO size is estimated to be about Rs 105.14 crore at the upper price band. Proceeds from the IPO will be utilised to support the company's working capital requirements, acquisitions of businesses in similar or complementary areas, general corporate purposes and meeting its issue expenses.