Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹59.00 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). The minimum lot size investment for 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 Date | October 31, 2022 to November 2, 2022 |
| Listing Date | November 11, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹59 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 21,60,000 shares (aggregating up to ₹12.74 Cr) |
| Reserved for Market Maker | 1,10,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.6490 Cr) |
| Net Offered to Public | 20,50,000 shares (aggregating up to ₹12.10 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 50,46,510 shares |
| Share Holding Post Issue | 72,06,510 shares |
Integrated Personnel Services IPO offers total 21,60,000 shares. Out of which 10,24,000 (47.41%) allocated to NII, 10,26,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,10,000 (5.09%) |
| NII (HNI) Shares Offered | 10,24,000 (47.41%) |
| Retail Shares Offered | 10,26,000 (47.50%) |
| Total Shares Offered | 21,60,000 (100.00%) |
Integrated Personnel Services IPO opens on October 31, 2022, and closes on November 2, 2022.
| IPO Open Date | Mon, Oct 31, 2022 |
| IPO Close Date | Wed, Nov 2, 2022 |
| Tentative Allotment | Mon, Nov 7, 2022 |
| Initiation of Refunds | Wed, Nov 9, 2022 |
| Credit of Shares to Demat | Thu, Nov 10, 2022 |
| Tentative Listing Date | Fri, Nov 11, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Nov 2, 2022 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 ₹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...
| Listing Date | November 11, 2022 |
| BSE Script Code | |
| NSE Symbol | IPSL |
| ISIN | INE02EE01019 |
| Final Issue Price | ₹59 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹59.00 |
| Open | ₹66.50 |
| Low | ₹65.00 |
| High | ₹69.80 |
| Last Trade | ₹69.80 |
Integrated Personnel Services Ltd.
14, Whispering Palm,
Shopping Center, Lokhandwala,
Complex, Kandivali (East),
Mumbai, Maharashtra, 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
Integrated Personnel Services IPO is a SME IPO of 21,60,000 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.
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, 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 Thursday, November 10, 2022. Check the Integrated Personnel Services IPO allotment status.
The Integrated Personnel Services IPO listing date is on Friday, November 11, 2022.
Useful Articles
RHP