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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:
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:
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.
The Objects of the Issue are:
| IPO Date | Feb 28, 2023 to Mar 2, 2023 |
| Listing Date | Mar 13, 2023 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,700,000 shares (aggregating up to ₹8.67 Cr) |
| Fresh Issue | 1,700,000 shares (aggregating up to ₹8.67 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 806,000 (50% of the Net Issue) |
| Retail Shares Offered | 808,000 (50% of the Net Issue) |
| Market Maker portion | 86,000 shares (NIKUNJ STOCK BROKERS LIMITED) |
| Total Shares Offered | 1,614,000 |
| KPI | Values |
|---|---|
| P/E (x) | 12.09 |
| Market Cap (₹ Cr.) | 25.65 |
ITCONS E-Solutions IPO opens on Feb 28, 2023, and closes on Mar 2, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Feb 28, 2023 |
| Closing Date | Mar 2, 2023 |
| Basis of Allotment | Mar 8, 2023 |
| Initiation of Refunds | Mar 9, 2023 |
| Credit of Shares to Demat | Mar 10, 2023 |
| Listing Date | Mar 13, 2023 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The ITCONS E-Solutions IPO lot size is 2000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| HNI (Min) | 2 | 4,000 | ₹204,000 |
| Lot Size Calculator | |||
Mr. Gaurav Mittal and Mrs. Swati Jain are the Promoters of the company.
| Pre Issue Share Holding | 89.67% |
| Post Issue Share Holding | 59.36% |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 351.17 | 834.95 | 10.57 | 96.78 | 95.64 | 145.06 |
| 31-Mar-21 | 341.21 | 842.48 | 7.53 | 104.31 | 103.17 | 136.33 |
| 31-Mar-22 | 470.71 | 1,820.36 | 119.11 | 223.42 | 222.28 | 106.23 |
| 30-Sep-22 | 792.37 | 1,605.05 | 106.12 | 462.23 | 129.36 | 176.70 |
| Amount in ₹ Lakhs | ||||||
[Dilip Davda] IEL is in the business of specialized staffing services and has a marquee clients list. After suffering a minor setback due to the pandemic in 2021, it is now in a fast-forward mode as indicated by its last 18 months’ financial performance. The issue appears reasonably priced. Investors may park funds for medium to long-term rewards. Read detail review...
The ITCONS E-Solutions IPO is subscribed 16.79 times on Mar 2, 2023 6:58:00 PM. The public issue subscribed 17.45 times in the retail category, times in the QIB category, and 16.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 16.12 |
| Retail | 17.45 |
| Total | 16.79 |
| Listing Date | Mar 13, 2023 |
| BSE Script Code | 543806 |
| NSE Symbol | |
| ISIN | INE0O6A01019 |
| IPO Price | ₹51 per share |
| Price Details |
|---|
| IPO Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹51.00 |
| ₹46.99 |
| ₹46.00 |
| ₹49.33 |
| ₹49.33 |
ITCONS E-Solutions Limited
Regus Elegance 2F, Elegance Jasola District Centre
Old Mathura Road, New Delhi,
South Delhi – 110025
Phone: +91 120 4149563
Email: cs.pooja@itconsinc.com
Website: http://www.itconsinc.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
ITCONS E-Solutions IPO is a SME IPO of 1,700,000 equity shares of the face value of ₹10 aggregating up to ₹8.67 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000 Shares.
The IPO opens on Feb 28, 2023, and closes on Mar 2, 2023.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in ITCONS E-Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in ITCONS E-Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in ITCONS E-Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The ITCONS E-Solutions IPO opens on Feb 28, 2023 and closes on Mar 2, 2023.
ITCONS E-Solutions IPO lot size is 2000 Shares and the minimum order quantity is .
You can apply in ITCONS E-Solutions 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 ITCONS E-Solutions IPO will be done on Mar 8, 2023, and the allotted shares will be credited to your demat account by Mar 10, 2023. Check the ITCONS E-Solutions IPO allotment status.
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