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ITCONS E-Solutions IPO is a fixed price issue of ₹8.67 crores. The issue is entirely a fresh issue of 0.17 crore shares of ₹8.67 crore.
ITCONS E-Solutions IPO bidding started from Feb 28, 2023 and ended on Mar 2, 2023. The allotment for ITCONS E-Solutions IPO was finalized on Mar 8, 2023. The shares got listed on BSE SME on Mar 13, 2023.
ITCONS E-Solutions IPO price is ₹51.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,02,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,04,000.
Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to ITCONS E-Solutions IPO RHP for detailed Information.
| IPO Date | February 28, 2023 to March 2, 2023 |
| Listing Date | March 13, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 17,00,000 shares (aggregating up to ₹8.67 Cr) |
| Reserved for Market Maker | 86,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.4386 Cr) |
| Net Offered to Public | 16,14,000 shares (aggregating up to ₹8.23 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 33,28,726 shares |
| Share Holding Post Issue | 50,28,726 shares |
ITCONS E-Solutions IPO offers total 17,00,000 shares. Out of which 8,06,000 (47.41%) allocated to NII, 8,08,000 (47.53%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 86,000 (5.06%) |
| NII (HNI) Shares Offered | 8,06,000 (47.41%) |
| Retail Shares Offered | 8,08,000 (47.53%) |
| Total Shares Offered | 17,00,000 (100.00%) |
ITCONS E-Solutions IPO opens on February 28, 2023, and closes on March 2, 2023.
| IPO Open Date | Tue, Feb 28, 2023 |
| IPO Close Date | Thu, Mar 2, 2023 |
| Tentative Allotment | Wed, Mar 8, 2023 |
| Initiation of Refunds | Thu, Mar 9, 2023 |
| Credit of Shares to Demat | Fri, Mar 10, 2023 |
| Tentative Listing Date | Mon, Mar 13, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 2, 2023 |
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 | ₹1,02,000 |
| Retail (Max) | 1 | 2,000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| 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 | ||||||
The market capitalization of ITCONS E-Solutions IPO is ₹25.65 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 12.09 |
The Objects of the Issue are:
[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...
| Listing Date | March 13, 2023 |
| BSE Script Code | 543806 |
| NSE Symbol | |
| ISIN | INE0O6A01019 |
| Final Issue Price | ₹51 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹46.99 |
| Low | ₹46.00 |
| High | ₹49.33 |
| Last Trade | ₹49.33 |
ITCONS E-Solutions Ltd.
Regus Elegance 2F, Elegance Jasola District Centre
Old Mathura Road, New Delhi,
South Delhi – 110025
South Delhi, New Delhi
Phone: +91 120 4149563
Email: cs.pooja@itconsinc.com
Website: http://www.itconsinc.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
ITCONS E-Solutions IPO is a SME IPO of 17,00,000 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.
The IPO opens on February 28, 2023, and closes on March 2, 2023.
Cameo Corporate Services Ltd. 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 February 28, 2023 and closes on March 2, 2023.
ITCONS E-Solutions IPO lot size is 2000, and the minimum amount required for application is ₹1,02,000.
You can apply in ITCONS E-Solutions 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 ITCONS E-Solutions IPO will be done on Wednesday, March 8, 2023, and the allotted shares will be credited to your demat account by Friday, March 10, 2023. Check the ITCONS E-Solutions IPO allotment status.
The ITCONS E-Solutions IPO listing date is on Monday, March 13, 2023.
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