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

Oct 31, 2022 - Nov 2, 2022

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:

  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
31-Mar-204546.6716929.97311.081125.7621.052387.17
31-Mar-214670.4113864.1190.71316.4811.752487.07
31-Mar-225303.3416992.09400.861717.271212.612845.18
30-Jun-225541.144513.5383.161800.431295.783172.63
Amount in ₹ Lakhs

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 IPO Details

IPO Date Oct 31, 2022 to Nov 2, 2022
Listing Date Friday, November 11, 2022
Face Value ₹10 per share
Price ₹59 per share
Lot Size 2000 Shares
Issue Size2,160,000 shares of ₹10
(aggregating up to ₹12.74 Cr)
Fresh Issue2,160,000 shares of ₹10
(aggregating up to ₹12.74 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company Promoters

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

Integrated Personnel Services IPO Tentative Timetable

Integrated Personnel Services IPO opens on Oct 31, 2022, and closes on Nov 2, 2022. The Integrated Personnel Services IPO bid date is from Oct 31, 2022 10.00 A.M. to Nov 2, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Oct 31, 2022
Closing Date Nov 2, 2022
Basis of Allotment Nov 7, 2022
Initiation of Refunds Nov 9, 2022
Credit of Shares to Demat Nov 10, 2022
Listing Date Nov 11, 2022

Integrated Personnel Services IPO Lot Size

The Integrated Personnel Services IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹118,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹118,000
Retail (Max) 1 2000 ₹118,000
S-HNI (Min) 2 4,000 ₹236,000

Integrated Personnel Services IPO Promoter Holding

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

Integrated Personnel Services IPO Review

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 Nov 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)
NII14.67
Retail24.49
Total19.58

Integrated Personnel Services IPO Prospectus

Integrated Personnel Services IPO Rating

137
3.8
Rating:Rated 3.8 stars
Vote Here ...

Integrated Personnel Services IPO Listing Date

Listing Date Friday, November 11, 2022
BSE Script Code
NSE Symbol IPSL
Listing In ST Group of Securities
ISIN INE02EE01019
IPO Price ₹59 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
₹59.00
₹66.50
₹65.00
₹69.80
₹69.80

Company Contact Information

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/

Integrated Personnel Services IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Integrated Personnel Services IPO Review

Integrated Personnel Services IPO Recommendation Summary

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

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IPO Broker Recommendations

Integrated Personnel Services IPO Lead Manager(s)

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 Oct 31, 2022, and closes on Nov 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 Oct 31, 2022 and closes on Nov 2, 2022.

Integrated Personnel Services IPO lot size is 2000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Integrated Personnel Services IPO will be done on Nov 7, 2022, and the allotted shares will be credited to your demat account by Nov 10, 2022. Check the Integrated Personnel Services IPO allotment status.

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