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Spectrum Talent Management IPO vs Vasa Denticity IPO

Comparision between Spectrum Talent Management IPO and Vasa Denticity IPO.

IPO Details

Spectrum Talent Management IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Vasa Denticity IPO is a SME Book Built Issue proposed to list at NSE SME.

  Spectrum Talent Management IPO Vasa Denticity IPO
Logo Spectrum Talent Management IPO Logo Vasa Denticity IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Sarthi Capital Advisors Private Limited Hem Securities Limited
Registrar Skyline Financial Services Private Ltd Mas Services Limited
Market Maker Rikhav Securities Limited Hem Finlease Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Spectrum Talent Management IPO is up to ₹105.14 Cr whereas the issue size of the Vasa Denticity IPO is up to ₹54.07 Cr. The final issue price of Spectrum Talent Management IPO is ₹173.00 per share and of Vasa Denticity IPO is ₹128.00 per share.

  Spectrum Talent Management IPO Vasa Denticity IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹169.00 per share ₹121.00 per share
Issue Price (Upper) ₹173.00 per share ₹128.00 per share
Issue Price (Final) ₹173.00 per share ₹128.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 800 shares 1000 shares
Fresh Issue Size 51,85,600 shares 31,74,000 shares
Fresh Issue Size (Amount) up to ₹89.71 Cr up to ₹40.63 Cr
OFS Issue Size 8,92,000 shares 10,50,000 shares
OFS Issue Size (Amount) up to ₹15.43 Cr up to ₹13.44 Cr
Issue Size Total 60,77,600 shares 42,24,000 shares
Issue Size Total (Amount) up to ₹105.14 Cr up to ₹54.07 Cr

IPO Timetable

Spectrum Talent Management IPO opens on Jun 09, 2023, while Vasa Denticity IPO opens on May 23, 2023. The closing date of Spectrum Talent Management IPO and Vasa Denticity IPO is Jun 14, 2023, and May 25, 2023, respectively.

  Spectrum Talent Management IPO Vasa Denticity IPO
Anchor Bid Date
Issue Open Jun 09, 2023 May 23, 2023
Issue Close Jun 14, 2023 May 25, 2023
Basis Of Allotment (Tentative) Jun 19, 2023 May 30, 2023
Initiation of Refunds (Tentative) Jun 20, 2023 May 31, 2023
Credit of Share (Tentative) Jun 21, 2023 Jun 01, 2023
Listing date (Tentative) Jun 22, 2023 Jun 02, 2023
Anchor Lockin End date 1 Jul 19, 2023 Jun 29, 2023
Anchor Lockin End date 2 Sep 17, 2023 Aug 28, 2023

Financials

Spectrum Talent Management IPO P/E ratio is 15, as compared to Vasa Denticity IPO P/E ratio of 30.62.

  Spectrum Talent Management IPO Vasa Denticity IPO
Financial
Spectrum Talent Management Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-204,081.1032,362.37675.961,500.361,025.36422.19
31-Mar-214,630.2030,296.00476.411,976.301,026.3060.72
31-Mar-226,479.2948,372.171,552.712,827.371,972.371,026.88
31-Dec-228,657.6658,415.741,997.464,844.573,053.82255.09
Amount in ₹ Lakhs
Vasa Denticity Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20481.783,045.139.4427.207.2064.57
31-Mar-21691.054,017.7232.5859.7839.78197.24
31-Mar-221,945.917,714.08540.98600.76580.76326.29
31-Dec-222,695.188,757.11501.901,102.661,082.66266.31
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 95.00%
Promoter Shareholding (Post-Issue) 72.25% 69.62%
P/E Ratio 15 30.62
Market Cap ₹205.01 Cr.
ROE 0.46%%
ROCE 0.54%%
Debt/Equity 0.24
EPS ₹10.25 ₹4.43
RoNW 42.99%% 90.05%%

Shares Offered

In the Spectrum Talent Management IPO retail investors (RII) are offered 25,99,200 shares while in Vasa Denticity IPO retail investors are offered 25,99,200 shares. Qualified institutional buyers (QIB) are offered 5,76,000 shares in Spectrum Talent Management IPO and 8,02,000 shares in Vasa Denticity IPO.

  Spectrum Talent Management IPO Vasa Denticity IPO
Anchor Investor Reserveration 12,00,000 shares
Market Maker Reserveration 3,04,000 shares 2,16,000 shares
QIB 5,76,000 shares 8,02,000 shares
NII 25,98,400 shares 6,02,000 shares
RII 25,99,200 shares 14,04,000 shares
Employee 0 shares 0 shares
Others
Total 57,73,600 shares 28,08,000 shares

Bids Received (Subscription)

Spectrum Talent Management IPO subscribed 12.27x in total, whereas Vasa Denticity IPO subscribed 73.14x.

  Spectrum Talent Management IPO Vasa Denticity IPO
QIB (times) 11.21x 37.26x
NII (times) 11.68x 156.09x
Big NII (times)
Small NII (times)
RII (times) 13.10x 58.07x
Employee (times)
Other (times)
Total (times) 12.27x 73.14x

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