Spectrum Talent Management Announces Rs 105 Crore IPO Launch on June 9
Global talent acquisition company, Spectrum Talent Management, is gearing up for its highly anticipated initial public offering (IPO) valued at approximately Rs 105 crore. The company shared this exciting news on June 6, revealing key details of the IPO launch.
Scheduled to take place on June 9, the IPO will be hosted on the National Stock Exchange (NSE) platform, with the closing day set for June 14. Interested investors can participate in the IPO by placing bids in multiples of 800 equity shares. Both retail and institutional investors will have the opportunity to take part in this significant investment opportunity.
The price band for the IPO has been established at Rs 169 to Rs 173 per share, which translates to an overall offer size of around Rs 105.14 crore at the upper price band. The IPO comprises a book-building issue, consisting of a fresh issue of 51,85,600 equity shares and an offer for sale of 8,92,000 equity shares.
According to Spectrum Talent Management, the proceeds generated from the IPO will serve various purposes, including fulfilling working capital requirements, acquiring businesses in related or complementary sectors, addressing general corporate needs, and covering issue expenses. The company aims to capitalize on the rising demand for talent management services, as businesses strive to navigate the increasingly competitive landscape.
Leading the IPO as the book-running lead manager is Sarthi Capital Advisors, which is poised to oversee the successful execution of this milestone event. Investors and industry observers alike eagerly anticipate the outcome of Spectrum Talent Management’s IPO, as it paves the way for future growth and expansion in the talent management sector.
About Spectrum Talent Management:
Spectrum Talent Management is a top provider of manpower solutions in India. They offer a diverse range of services including recruitment, payroll management, onboarding, and flexible staffing.
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