Fixed Price IPO | ₹13 Cr | Listed at NSE SME | Mon, Oct 31, 2022 - Wed, Nov 2, 2022
Integrated Personnel Services IPO is a fixed price issue of ₹12.74 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹12.74 crore.
Integrated Personnel Services IPO bidding started from Oct 31, 2022 and ended on Nov 2, 2022. The allotment for Integrated Personnel Services IPO was finalized on Nov 7, 2022. The shares got listed on NSE SME on Nov 11, 2022.
Integrated Personnel Services IPO price is ₹59 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,18,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,36,000.
Unistone Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to Integrated Personnel Services IPO RHP for detailed Information.
IPO Open
Mon, Oct 31, 2022
IPO Close
Wed, Nov 2, 2022
Issue Price
₹59 per share
Market Cap (Pre-IPO)
₹42.52 Cr
| IPO Date | 31 Oct to 2 Nov, 2022 |
| Listed on | Fri, Nov 11, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹59 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 21,60,000 shares (agg. up to ₹13 Cr) |
| Reserved for Market Maker | 1,10,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.6490 Cr) |
| Fresh Issue (Ex Market Maker) | 20,50,000 shares (agg. up to ₹12 Cr) |
| Net Offered to Public | 20,50,000 shares (agg. up to ₹12 Cr) |
| Share Holding Pre Issue | 50,46,510 shares |
| Share Holding Post Issue | 72,06,510 shares |
| NSE Symbol | IPSL |
| ISIN | INE02EE01019 |
Integrated Personnel Services IPO comprises a total issue size of 21,60,000 shares. The net offer to the public is 20,50,000 shares, after excluding 1,10,000 shares allotted on a firm basis. Of the Net offer 10,24,000 (49.95%) allocated to NII 10,26,000 (50.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,24,000 | 49.95% | 47.41% |
| Retail Shares Offered | 10,26,000 | 50.05% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,10,000 | 5.09% | |
| Total Shares Offered | 21,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,18,000 |
| Retail (Max) | 1 | 2,000 | ₹1,18,000 |
| HNI (Min) | 2 | 4,000 | ₹2,36,000 |
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 | 30 Jun 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 55.41 | 53.03 | 46.70 | 45.47 |
| Total Income | 45.14 | 169.92 | 138.64 | 169.30 |
| Profit After Tax | 0.83 | 4.01 | 1.91 | 3.11 |
| NET Worth | 18.00 | 17.17 | 13.16 | 11.26 |
| Reserves and Surplus | 12.96 | 12.13 | 8.12 | 6.21 |
| Total Borrowing | 31.73 | 28.45 | 24.87 | 23.87 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements | 8.40 |
| 2 | General Corporate Purposes | 2.22 |
| 3 | Issue Expenses | 2.12 |
| KPI | |
|---|---|
| ROE | 23.46 |
| ROCE | 14.88 |
| Debt/Equity | 1.66 |
| RoNW | 23.34 |
| PAT Margin | 1.84% |
| EBITDA Margin | 3.44% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.94 | |
| P/E (x) | 12.77 | |
| Promoter Holding | 98.61% | 69.05% |
| Market Cap | ₹42.52 Cr. |
The Integrated Personnel Services IPO is subscribed 19.58 times on November 2, 2022 7:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 14.67 | 10,24,000 | 1,50,22,000 |
| Retail | 24.49 | 10,26,000 | 2,51,26,000 |
| Total | 19.58 | 20,50,000 | 4,01,48,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue relating expenses such as fees to Lead manager Fixed Fee, Registrar to the Issue Legal Advisors, Advisors to the issue, Auditors, Paper Advertisements and other expenses incurred/ to be incurred including promotional expenses | 1.67 |
| 2 | Underwriting commission, brokerage and selling commission (including Commission/ processing fees for SCSBs, Sponsor Bank, Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.30 |
| 3 | Listing fees, Stock Exchange processing/ listing fees, software fees, Depositories’ fees, other regulatory expenses and sundry expenses. | 0.15 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹59.00 |
| Open | ₹66.50 |
| Low | ₹65.00 |
| High | ₹69.80 |
| Last Trade | ₹69.80 |
Lead Manager Reports
Integrated Personnel Services IPO is a SME IPO of 21,60,000 equity shares of the face value of ₹10 aggregating up to ₹13 Crores. The issue is priced at ₹59 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Oct 31, 2022, and closes on Wed, 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
Visit Zerodha IPO Application Process Review for more detail.
The Integrated Personnel Services IPO opens on Mon, Oct 31, 2022 and closes on Wed, Nov 2, 2022.
Integrated Personnel Services IPO lot size is 2000, and the minimum amount required for application is ₹1,18,000.
You can apply in Integrated Personnel Services IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Thu, Nov 10, 2022. Check the Integrated Personnel Services IPO allotment status.
The Integrated Personnel Services IPO listing date is on Fri, Nov 11, 2022.
