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News Details

06/06/2023 11:30

Spectrum Talent Mana announces launch of initial public offering

Spectrum Talent Management Ltd. has announced public offering of 6077600 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 163.00 per share. The gross proceeds of the issue are expected to be Rs 10,514.25 lakhs.

The company's initial public offer (IPO) will open on 09 June 2023 and is expected to close on 14 June 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 169.00-173.00 per share.

The IPO includes a fresh Issue of 6077600 Equity Shares of the Company at an price of Rs 173.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 800 shares with bids in multiples of 800.

Spectrum Talent Management Ltd. anticipates using the proceeds of the issue for .

Sarthi Capital Advisors Pvt Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.