Spectrum Talent Management IPO vs Vasa Denticity IPO

Comparison between Spectrum Talent Management IPO and Vasa Denticity IPO.

IPO Details

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

	Spectrum Talent Management IPO	Vasa Denticity IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Sarthi Capital Advisors Pvt.Ltd.	Hem Securities Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	MAS Services Ltd.
Market Maker	Rikhav Securities Ltd.	Hem Finlease Pvt.Ltd.
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 ₹99.88 Cr whereas the issue size of the Vasa Denticity IPO is up to ₹51.30 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)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	800 shares	1000 shares
Fresh Issue Size	48,81,600 shares	29,58,000 shares
Fresh Issue Size (Amount)	up to ₹84.45 Cr	up to ₹37.86 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	57,73,600 shares	40,08,000 shares
Issue Size Total (Amount)	up to ₹99.88 Cr	up to ₹51.30 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		May 22, 2023
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		Jun 29, 2023
Anchor Lockin End date 2		Aug 28, 2023

Financials & KPIs

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

Financials

Spectrum Talent Management Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	4,081.10	32,362.37	675.96	1,500.36	1,025.36	422.19
31-Mar-21	4,630.20	30,296.00	476.41	1,976.30	1,026.30	60.72
31-Mar-22	6,479.29	48,372.17	1,552.71	2,827.37	1,972.37	1,026.88
31-Dec-22	8,657.66	58,415.74	1,997.46	4,844.57	3,053.82	255.09
Amount in ₹ Lakhs

Vasa Denticity Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	481.78	3,045.13	9.44	27.20	7.20	64.57
31-Mar-21	691.05	4,017.72	32.58	59.78	39.78	197.24
31-Mar-22	1,945.91	7,714.08	540.98	600.76	580.76	326.29
31-Dec-22	2,695.18	8,757.11	501.90	1,102.66	1,082.66	266.31
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

95.00

Promoter Shareholding (Post-Issue)

72.25

69.62

P/E Ratio

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 Individual 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
Others
Total	57,73,600 shares	40,08,000 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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