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Integrated Personnel Services IPO is a fixed price issue of Rs 12.74 crores. The issue is entirely a fresh issue of 21.6 lakh shares.
Integrated Personnel Services IPO bidding started from October 31, 2022 and ended on November 2, 2022. The allotment for Integrated Personnel Services IPO was finalized on Monday, November 7, 2022. The shares got listed on NSE SME on November 11, 2022.
Integrated Personnel Services IPO price is ₹59 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹118,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹236,000.
Unistone Capital Pvt Ltd is the book running lead manager of the Integrated Personnel Services IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Integrated Personnel Services IPO RHP for detailed information.
| IPO Date | October 31, 2022 to November 2, 2022 |
| Listing Date | November 11, 2022 |
| Face Value | ₹10 per share |
| Price | ₹59 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,160,000 shares (aggregating up to ₹12.74 Cr) |
| Fresh Issue | 2,160,000 shares (aggregating up to ₹12.74 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 110,000 shares |
Integrated Personnel Services IPO offers 2,160,000 shares. 1,024,000 (47.41%) to NII, 1,026,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 110,000 (5.09%) |
| Other Shares Offered | 1,024,000 (47.41%) |
| Retail Shares Offered | 1,026,000 (47.50%) |
| Total Shares Offered | 2,160,000 (100%) |
Integrated Personnel Services IPO opens on October 31, 2022, and closes on November 2, 2022.
| IPO Open Date | Monday, October 31, 2022 |
| IPO Close Date | Wednesday, November 2, 2022 |
| Basis of Allotment | Monday, November 7, 2022 |
| Initiation of Refunds | Wednesday, November 9, 2022 |
| Credit of Shares to Demat | Thursday, November 10, 2022 |
| Listing Date | Friday, November 11, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 2, 2022 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹118,000 |
| Retail (Max) | 1 | 2000 | ₹118,000 |
| HNI (Min) | 2 | 4,000 | ₹236,000 |
| Lot Size Calculator | |||
Mr. Tarang Goyal and Mrs. Sandeep Kaur Goyal are the company promoters.
| Share Holding Pre Issue | 98.61% |
| Share Holding Post Issue | 69.05% |
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:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 4546.67 | 16929.97 | 311.08 | 1125.7 | 621.05 | 2387.17 |
| 31-Mar-21 | 4670.41 | 13864.1 | 190.7 | 1316.4 | 811.75 | 2487.07 |
| 31-Mar-22 | 5303.34 | 16992.09 | 400.86 | 1717.27 | 1212.61 | 2845.18 |
| 30-Jun-22 | 5541.14 | 4513.53 | 83.16 | 1800.43 | 1295.78 | 3172.63 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Integrated Personnel Services IPO is Rs 42.52 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 12.77 |
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
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It has posted an average performance so far. Based on its financial data, the issue is fully priced. Risk seeker/cash surplus investors may consider a moderate investment with a long-term perspective. Read detail review...
The Integrated Personnel Services IPO is subscribed 19.58 times on November 2, 2022 7:00:00 PM. The public issue subscribed 24.49 times in the retail category, times in the QIB category, and 14.67 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 14.67 |
| Retail | 24.49 |
| Total | 19.58 |
| Listing Date | November 11, 2022 |
| BSE Script Code | |
| NSE Symbol | IPSL |
| ISIN | INE02EE01019 |
| Final Issue Price | ₹59 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹59.00 |
| ₹66.50 |
| ₹65.00 |
| ₹69.80 |
| ₹69.80 |
Integrated Personnel Services Limited
14, Whispering Palm
Shopping Center, Lokhandwala
Complex, Kandivali (East), Mumbai 400101
Phone: 022-42300200
Email: cs@ipsgroup.co.in
Website: http://www.integratedpersonnelservices.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Integrated Personnel Services IPO is a SME IPO of 2,160,000 equity shares of the face value of ₹10 aggregating up to ₹12.74 Crores. The issue is priced at ₹59 per share. The minimum order quantity is 2000 Shares.
The IPO opens on October 31, 2022, and closes on November 2, 2022.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Integrated Personnel Services IPO using UPI as a payment gateway. Zerodha customers can apply in Integrated Personnel Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Integrated Personnel Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Integrated Personnel Services IPO opens on October 31, 2022 and closes on November 2, 2022.
Integrated Personnel Services IPO lot size is 2000 Shares, and the minimum amount required is ₹118,000.
You can apply in Integrated Personnel Services IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Integrated Personnel Services IPO will be done on Monday, November 7, 2022, and the allotted shares will be credited to your demat account by Thursday, November 10, 2022. Check the Integrated Personnel Services IPO allotment status.
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