Integrated Personnel Services Limited IPO Detail
Incorporated in 2004, Integrated Personnel Services (IPS Group) is an end to end human resource management company providing customized solutions to various corporates in India.
The company's range of services has been divided under the following business heads:
1. Raising (Executive Search, Recruitment process and IT Staffing)
2. Leasing (Flexi Staffing, Staffing for Infrastructure Domain, Sales Staffing Services)
3. Management (Payroll & Compliance Management, Training & Development of resources/ performance management/ HR policy implementation)
IPS Group has over 11 branch offices for sourcing and recruitment in 128 cities with more than 6,000 Associates deployed on March 31, 2022. The company's branch offices are across major cities in India, including Mumbai, Delhi, Kolkata, Chennai, Bengaluru, Hyderabad, Ahmedabad, Noida, Bhopal and Pune among others.
Strengths:
- Diversified client base.
- Scalable business model with Pan-India presence.
- Quality Assurance and Customer Satisfaction.
- Experienced management supported by quality human capital.
- Deliver impeccable HR solutions along with optimal costing.
Company Promoters
Mr. Tarang Goyal and Mrs. Sandeep Kaur Goyal are the company promoters.IPO Details
| IPO Opening Date | Oct 31, 2022 |
| IPO Closing Date | Nov 02, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹59 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹12.74 Cr |
| Fresh Issue | 2,160,000 shares of ₹10 (aggregating up to ₹12.74 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.54x | 1.96x | 1.26x | |
| Day 2 | - | - | 0.91x | 7.12x | 4.02x | |
| Day 3 | - | - | 14.67x | 24.49x | 19.58x |
IPO Tentative Timetable
The Integrated Personnel Services Limited IPO open date is Oct 31, 2022, and the close date is Nov 02, 2022. The issue may list on Nov 11, 2022.
| IPO Open Date | Oct 31, 2022 |
| IPO Close Date | Nov 02, 2022 |
| Basis of Allotment Date | Nov 07, 2022 |
| Initiation of Refunds | Nov 09, 2022 |
| Credit of Shares to Demat Account | Nov 10, 2022 |
| IPO Listing Date | Nov 11, 2022 |
IPO Lot Size
The Integrated Personnel Services Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹118000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹118000 |
| Maximum | 1 | 2000 | ₹118000 |
IPO Promoter Holding
| Pre Issue Share Holding | 98.61% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 4546.67 | 16929.97 | 311.08 |
| 31-Mar-21 | 4670.41 | 13864.1 | 190.7 |
| 31-Mar-22 | 5303.34 | 16992.09 | 400.86 |
Objects of the Issue:
The company intend to utilize the proceeds of the Issue to meet the following objects:
1. To meet the working capital requirements
2. General Corporate Purposes
3. To meet the issue expenses
Integrated Personnel Services Limited IPO Registrar:
Bigshare Services Pvt Ltd
Integrated Personnel Services Limited IPO Lead Manager(s):
Unistone Capital Pvt Ltd (Past IPO Performance)
Company Contact Information:
Integrated Personnel Services Limited
14, Whispering Palm Shopping Center, Lokhandwala Complex, Kandivali
Kandivali
Mumbai
