ITCONS E-Solutions Limited IPO Detail
Incorporated in 2007, ITCONS E-Solutions Limited is a New Delhi-situated company engaged in the business of providing human resource services. The company offers its services mainly in the organized sector to both public and private organizations. The service of the entity are primarily in the domain:
- Manpower Supply/Recruitment Services;
- Manpower Sourcing/Staffing Services
Since its incorporation, ITCONS E-Solutions has grown to over 800 staff team including contractual employees. They offer their expert services in different segments like Staffing & Recruitment, Information Technology, FMCG, Food, etc.
ITCONS E-Solutions Limited has been developing its service offering so as to support its clients in their end-to-end HR needs through its services.
The range of services of the company has been divided under the following business heads:
- IT Staffing
- General Staffing
- Re-badging
- Recruitment Process Outsourcing
- Pass through Services
- Payroll Services
- Managed IT Services
- Product Installation & Servicing Solutions
- Permanent Hiring
The revenue of ITCONS E-Solutions Limited have too grown tremendously over the past years. For the years 2022, 2021, and 2020, the total revenue of the company was Rs. 1,820.36 lakhs, Rs. 842.48 lakhs, and Rs. 834.95 lakhs, respectively. Further, for the six months of 2022 ending 30th September, 2022, the company posted a total income of Rs. 1,605.05 lakhs.
Company Promoters
Mr. Gaurav Mittal and Mrs. Swati JainIPO Details
IPO Opening Date | Feb 28, 2023 |
IPO Closing Date | Mar 02, 2023 |
Issue Type | Fixed Price Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹51 per equity share |
Market Lot | 2000 Shares |
Min Order Quantity | 2000 Shares |
Listing At | BSE SME |
Issue Size | ₹8.67 Cr |
Fresh Issue | 1,700,000 shares of ₹10 (aggregating up to ₹8.67 Cr) |
Offer for Sale | - |
Retail Portion | 50% |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | - | - | 0.86x | 1.17x | 1.01x | |
Day 2 | - | - | 1.08x | 3.11x | 2.09x | |
Day 3 | - | - | 16.12x | 17.45x | 16.79x |
IPO Tentative Timetable
The ITCONS E-Solutions Limited IPO open date is Feb 28, 2023, and the close date is Mar 02, 2023. The issue may list on Mar 13, 2023.
IPO Open Date | Feb 28, 2023 |
IPO Close Date | Mar 02, 2023 |
Basis of Allotment Date | Mar 08, 2023 |
Initiation of Refunds | Mar 09, 2023 |
Credit of Shares to Demat Account | Mar 10, 2023 |
IPO Listing Date | Mar 13, 2023 |
IPO Lot Size
The ITCONS E-Solutions Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102000).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 2000 | ₹102000 |
Maximum | 1 | 2000 | ₹102000 |
IPO Promoter Holding
Pre Issue Share Holding | 89.67% |
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 | 351.17 | 834.95 | 10.57 |
31-Mar-21 | 341.21 | 842.48 | 7.53 |
31-Mar-22 | 470.71 | 1820.36 | 119.11 |
30-Sep-22 | 792.37 | 1605.05 | 106.12 |
Objects of the Issue:
The Objects of the Issue are:
- To meet the working capital requirements
- To meet the Issue Expenses
- General Corporate Purposes
ITCONS E-Solutions Limited IPO Registrar:
Cameo Corporate Services Limited
ITCONS E-Solutions Limited IPO Lead Manager(s):
Finshore Management Services Limited
Company Contact Information:
ITCONS E-Solutions Limited
Regus Elegance 2F, Elegance Jasola District Centre
Old Mathura Road, New Delhi,
South Delhi – 110025