What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Spectrum Talent Management Limited IPO allotment date?

The basis of allotment for Spectrum Talent Management Limited IPO is scheduled to be finalized on 19 Jun 2023.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 20 Jun 2023.

Spectrum Talent Management Limited

ListedSME

Business Services · NSE

Incorporated in 2012, Spectrum Talent Management Limited is a Delhi-based company engaged in providing comprehensive human resource and staffing services. The company offers a wide range of solutions, including payroll management, recruitment, onboarding, and flexible staffing for both domestic and international clients. As of December 31, 2022, Spectrum Talent had deployed over 15,600 personnel across various client locations and served more than 275 clients globally. Promoted by Mr. Vidur Gupta and Mr. Sidharth Agarwal, who together have 28 years of experience in the staffing industry, the company attributes its success to a strong HR database, structured processes, and a professional, ethics-driven approach that ensures effective global staffing and recruitment solutions.

Price Band

₹169 – ₹173

Issue Size

₹105 Cr

Lot Size

800 shares

GMP

₹12

-6.9%

Est. Listing

₹161

at current GMP

Subscribed

12.32x

overall

Open

9 Jun 2023

14 Jun 2023

Allotment

19 Jun 2023

Refund

20 Jun 2023

Demat Credit

21 Jun 2023

Listing

22 Jun 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Spectrum Talent Management Limited Allotment Status

Designated Registrar: Skyline Financial Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

19 Jun 2023

Basis finalization

Refunds Initiate

20 Jun 2023

Mandate release

Demat Credit

21 Jun 2023

Shares in demat

Listing Debut

22 Jun 2023

Trading begins

How to Check Spectrum Talent Management Limited IPO Allotment Status

Click the Check on Registrar button above to visit Skyline Financial Services Private Limited's allotment portal.
Select Spectrum Talent Management Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Spectrum Talent Management Limited Public Issue & Market Profile

Spectrum Talent Management Limited is bringing an initial public offering (IPO) in the Business Services sector with an aggregate issue size of ₹105.14 Crores. The shares are offered at a price band of ₹169 to ₹173 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2023-06-14, the basis of allotment is scheduled to be finalized on 2023-06-19. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Skyline Financial Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.