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Integrated Personnel Services Limited IPO (Integrated Personnel Services IPO) Detail

October 31, 2022 - November 2, 2022

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.

Integrated Personnel Services IPO Details

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 Size2,160,000 shares
(aggregating up to ₹12.74 Cr)
Fresh Issue2,160,000 shares
(aggregating up to ₹12.74 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion110,000 shares

Integrated Personnel Services IPO Reservation

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 Offered110,000 (5.09%)
Other Shares Offered1,024,000 (47.41%)
Retail Shares Offered1,026,000 (47.50%)
Total Shares Offered2,160,000 (100%)

Integrated Personnel Services IPO Timeline (Tentative Schedule)

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

Integrated Personnel Services IPO Lot Size

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

Integrated Personnel Services IPO Promoter Holding

Mr. Tarang Goyal and Mrs. Sandeep Kaur Goyal are the company promoters.

Share Holding Pre Issue 98.61%
Share Holding Post Issue 69.05%

About Integrated Personnel Services Limited

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.


  1. Diversified client base.
  2. Scalable business model with Pan-India presence.
  3. Quality Assurance and Customer Satisfaction.
  4. Experienced management supported by quality human capital.
  5. Deliver impeccable HR solutions along with optimal costing.

Company Financials

Integrated Personnel Services Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Integrated Personnel Services IPO is Rs 42.52 Cr.

Pre IPO Post IPO
P/E (x) 12.77

Objects of the Issue (Integrated Personnel Services IPO Objectives)

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 IPO Review (May apply)

[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...

Integrated Personnel Services IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Integrated Personnel Services IPO Prospectus

Integrated Personnel Services IPO Rating

Rating:Rated 3.8 stars
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Integrated Personnel Services IPO Listing Details

Listing Date November 11, 2022
BSE Script Code
Final Issue Price ₹59 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Integrated Personnel Services Limited Contact Details

Integrated Personnel Services Limited
14, Whispering Palm
Shopping Center, Lokhandwala
Complex, Kandivali (East), Mumbai 400101
Phone: 022-42300200

Integrated Personnel Services IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Integrated Personnel Services IPO - Buy or Not

Integrated Personnel Services IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 1 1 0

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Integrated Personnel Services IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Integrated Personnel Services IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Integrated Personnel Services IPO listing date is on November 11, 2022.
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Integrated Personnel Services IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



111. Gaurav DD dimer |   Link |  Bookmark |November 17, 2022 7:24:30 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
B. W Traders buying & Selling Daily in bulk deal here.
111.1. Jamsait |   Link |  Bookmark |November 23, 2022 8:24:08 AM
@Gaurav sir B&W means what? What would be the target for this Integrated personal service ipo? When is safe to exit? Explain ur views plz
110. Akash Jilka |   Link |  Bookmark |November 15, 2022 9:02:20 AM
Right now lower circuit what to do?
110.1. Ipoaspire |   Link |  Bookmark |November 15, 2022 11:03:48 AM (300+ Posts)
Do not panic, today most of sme are at lower circuit.The sector is good.wait for few quarters it will give good earnings.
109. CA. Sanchit Jain |   Link |  Bookmark |November 15, 2022 8:25:57 AM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Lower Circuit, Experts need ur guidance now..
108. iamnimitshah |   Link |  Bookmark |November 14, 2022 9:03:44 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
tomorrow UC is expected in the start... but tomorrow if it closes at UC, then it will show 100 soon 🔥🔥🔥
107. checkmate |   Link |  Bookmark |November 13, 2022 7:40:52 PM
@All those who sold on listing day in pre-open or later......

Can you all please share as to when the shares are debited from your DeMat account, i e., on 14th or 15th?

Just for information....I shall be thankful in case you share this information.
106. iamnimitshah |   Link |  Bookmark |November 11, 2022 7:19:24 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
2 more UCs on Monday & Tuesday... Maybe then the downturn
105. Arca |   Link |  Bookmark |November 11, 2022 9:10:55 AM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
Bought 1 lot
105.1. MRavichandran |   Link |  Bookmark |November 11, 2022 11:13:07 AM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
good buy, all the best

104. AAA JAI |   Link |  Bookmark |November 11, 2022 10:16:20 AM (200+ Posts)
Not holding, due to shortage of funds.
Sold 1 allotted lot at UC.
103. MRavichandran |   Link |  Bookmark |November 11, 2022 9:30:04 AM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
Bought 10 lots in pre-open.
All the best.

103.1. checkmate |   Link |  Bookmark |November 13, 2022 7:44:27 PM

If you have taken a decision to add this SME stock in pre-open, I am sure it will soon touch 100, or may go beyond that. I remember your Olatech buy and attempts to buy Varanium Cloud after HY Results.

I bought a lot of IPSL in pre-open and now feeling comfortable in your company.

103.2. IPO Hater |   Link |  Bookmark |November 13, 2022 8:43:25 PM
Mr. Ravi what price do you see it stabilizing. I have 1 lot allotted and want to sell it soon.

Also how does HNI work in SME - I am applying 10-15 lots but do not seem to be getting allotment.

Thank you
102. lokes |   Link |  Bookmark |November 10, 2022 8:16:46 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
It may list around 65-67 approx, company looks good from its services perspective, its from long time and having good client base with good revenues...
Profit can be booked above 70 in short term and if listing is around 60-62 or below, then better to hold and buy....
Its business may be impacted little bit in short term as per slowdown in new jobs etc but in medium to long term, it can be good bet for good returns...
102.2. MANU AGGARWAL |   Link |  Bookmark |November 11, 2022 9:09:04 AM
are yaar...GMP was 6-7...It was evident...
What prediction??
Please don't take it personally.....
It happens!!!!
102.3. MANU AGGARWAL |   Link |  Bookmark |November 11, 2022 9:15:10 AM
Every predictor is winner in any kind of market,particularly SME....because
If it lists at 60 and goes to 70-75...winner
if is lists at 70 and goes to 60-80 ...winner

Understand.... in SME max game is 5% daily after listing...and Lokes always gives range of 10-15 % ... so he will always (90-95%) winner..
@ lokes --- brother don''t take it personally
101. Noorul |   Link |  Bookmark |November 11, 2022 8:58:42 AM
Holding 2 lots.. let's see.
100. Justalearner |   Link |  Bookmark |November 11, 2022 8:28:56 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Seems operators have chosen Ritezone to target and jack up the listing price...... IPSL it seems is languishing. Prepared to hold for some time. Will not sell below 70
100.1. Justalearner |   Link |  Bookmark |November 11, 2022 8:48:32 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
66.50 it is..... still holding
99. Rohan Bajaj |   Link |  Bookmark |November 11, 2022 8:05:27 AM (300+ Posts)
What's scrip code in zerodha?
99.1. Takamichi |   Link |  Bookmark |November 11, 2022 8:16:45 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
98. V V P REDDY |   Link |  Bookmark |November 11, 2022 8:13:21 AM
97. Justalearner |   Link |  Bookmark |November 10, 2022 9:53:32 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Total Freefold shares that can be sold/Traded presently in the market is 21,60,000.... held by 863 public shareholders.... Rest are locked shares....

Listing in trade to trade category so no netting off is allowed...

Hope it lists decently..... Fingers crossed.

96. Takamichi |   Link |  Bookmark |November 10, 2022 8:15:25 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Would look to buy if lists in green till 65, though ( can list in range of 70-75 which is a good level to sell in the pre-open)....
If there is a big buy order at high price then would look to buy after 10.... Recent good stock ipo listing has shown that after 10 buying has been better ....
95. HNIIPO |   Link |  Bookmark |November 10, 2022 6:55:34 PM
Dear experts
What should be the expected listing price tom. What strategy we should keep. Hold or sell
94. V V P REDDY |   Link |  Bookmark |November 10, 2022 5:42:48 PM
94.1. IPOamar |   Link |  Bookmark |November 10, 2022 6:40:20 PM
Also facing issue
94.2. MPIPO |   Link |  Bookmark |November 10, 2022 6:48:54 PM

93. ipostudy |   Link |  Bookmark |November 10, 2022 8:03:54 AM
when company release refund ..? its 10th nov
93.1. JAI SHRI SHYAM |   Link |  Bookmark |November 10, 2022 8:13:17 AM
Axis and RBL has already unblocked the fund on Wednesday.
92. Maheshv |   Link |  Bookmark |November 9, 2022 8:39:33 PM
Has anyone got the fund unblocked for non allotment?
92.1. Maheshv |   Link |  Bookmark |November 10, 2022 7:40:16 AM
Is amount is unblocked?
92.2. ipostudy |   Link |  Bookmark |November 10, 2022 8:03:26 AM
no refund yet