ITCONS E-Solutions IPO Details ( ITCONS E-Solutions IPO Review )
(28 Feb 2023 – 02 Mar 2023)
ITCONS E-Solutions Limited, established in 2007 and headquartered in New Delhi, specializes in providing human resource services to public and private organizations in the organized sector. The company’s services primarily focus on the domain of:
- Manpower Supply/Recruitment Services;
- Manpower Sourcing/Staffing Services
With a current workforce of over 800 employees, including contractual staff, ITCONS E-Solutions has expanded since its inception. The company offers expertise in various segments, such as Staffing & Recruitment, Information Technology, FMCG, and Food.
ITCONS E-Solutions Limited has been continuously enhancing its service offerings to provide end-to-end HR solutions and support to its clients.
The company’s range of services is classified into the following business heads:
- IT Staffing
- General Staffing
- Re-badging
- Recruitment Process Outsourcing
- Pass through Services
- Payroll Services
- Managed IT Services
- Product Installation & Servicing Solutions
- Permanent Hiring
ITCONS E-Solutions Limited has also experienced tremendous growth in revenue over the past few years. In 2022, 2021, and 2020, the company’s total revenue was Rs. 1,820.36 lakhs, Rs. 842.48 lakhs, and Rs. 834.95 lakhs, respectively. Moreover, the company’s total income for the six months ending on 30th September 2022 was Rs. 1,605.05 lakhs.
ITCONS E-Solutions Company Product:
- IT Staffing
- General Staffing
- Re-badging
- Recruitment Process Outsourcing
- Pass through Services
- Payroll Services
- Managed IT Services
- Product Installation & Servicing Solutions
- Permanent Hiring
ITCONS E-Solutions IPO Competitive Strength
- Strong Management Team and Human Capital
- Diverse range of service offerings
- Cost competitive solutions
- Strong customer relations with top clients
ITCONS E-Solutions IPO Business Strategy
- Enhanced & customized innovative service offerings
- Maintaining our strategic focus on Indian market
- Continuous innovation
- Investment on new business opportunities & engagement model
- Focus on long-term revenue model
- Competitive Pricing – cost cutting & time saving
- Investment on Bench – a partner-based approach
- Hire, Train & Deploy model – Niche/Hard to Hire skills
- Upskilling, Reskilling & Cross-Skilling
ITCONS E-Solutions IPO Financials Performance ( Results )
ITCONS E-Solutions Limited Financial Information ( Standalone )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS | Net Worth | Reserves | Borrowing |
| 31-Mar-20 | 351.17 | 834.95 | 10.57 | 0.37 | 96.78 | 95.64 | 145.06 |
| 31-Mar-21 | 341.21 | 842.48 | 7.53 | 0.26 | 104.31 | 103.17 | 136.33 |
| 31-Mar-22 | 470.71 | 1,820.36 | 119.11 | 4.16 | 223.42 | 222.28 | 106.23 |
| 30-Sep-22 | 792.37 | 1,605.05 | 106.12 | 3.35 | 462.23 | 129.36 | 176.70 |
Objective of IPO Issue
- To meet the working capital requirements
- To meet the Issue Expenses
- General Corporate Purposes
ITCONS E-Solutions IPO Basic Details
| IPO Date | Feb 28, 2023 to Mar 02, 2023 |
| Listing Date | Monday, March 13, 2022 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Issue Size | 1,700,000 shares of ₹10 (aggregating up to ₹8.67 Cr) |
| Fresh Issue | 1,700,000 shares of ₹10 (aggregating up to ₹8.67 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the Offer |
| Retail Shares Offered | 50% of the Offer |
| Company Promoters | Mr. Gaurav Mittal and Mrs. Swati Jain are the Promoters of the company. |
ITCONS E-Solutions IPO Timetable
ITCONS E-Solutions IPO will open on Feb 28, 2023 and close on Mar 02, 2023. You can join ITCONS E-Solutions IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | Feb 28, 2023 |
| Closing Date | Mar 02, 2023 |
| Basis of Allotment | Mar 08, 2023 |
| Initiation of Refunds | Mar 09, 2023 |
| Credit of Shares to Demat | Mar 10, 2023 |
| Listing Date | Mar 13, 2023 |
ITCONS E-Solutions IPO Lot Size
For retail investors in ITCONS E-Solutions IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹102,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹102,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| S-HNI (Min) | 2 | 4000 | ₹204,000 |
ITCONS E-Solutions IPO Promoter Holding
| Pre Issue Share Holding | 89.67% |
| Post Issue Share Holding | 59.36% |
ITCONS E-Solutions IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹4.16 per Equity Share |
| Price/Earning P/E Ratio | 12.26 |
| Return on Net Worth (RoNW) | 53.31% |
| Net Asset Value (NAV) | ₹7.80 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | – |
ITCONS E-Solutions Ltd Peer comparison
| Company Name | Face Value | EPS | NAV Per Share | P/E Ratio | RoNW ( % ) | P/B Ratio |
| ITCONS E-Solutions Limited | 10.00 | 4.16 | 7.80 | 12.26 | 53.31 | – |
| Integrated Personnel Services Limited | 10.00 | 7.94 | 34.03 | 7.43 | 23.34 | 2.06 |
| ANI Integrated Services Limited | 10.00 | 5.64 | 45.89 | 8.85 | 12.28 | 1.11 |
ITCONS E-Solutions IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 13 March 2023 | ₹4 | – | – |
| 12 March 2023 | ₹4 | – | – |
| 11 March 2023 | ₹4 | – | – |
| 10 March 2023 | ₹4 | – | – |
| 09 March 2023 | ₹4 | – | – |
| 08 March 2023 | ₹4.5 | – | – |
| 07 March 2023 | ₹5 | – | – |
| 06 March 2023 | ₹5 | – | – |
| 05 March 2023 | ₹4 | – | – |
| 04 March 2023 | ₹2 | – | – |
| 03 March 2023 | ₹3 | – | – |
| 02 March 2023 | ₹4 | – | – |
| 01 March 2023 | ₹4 | – | – |
| 28 February 2023 | ₹4 | – | – |
| 27 February 2023 | ₹0 | – | – |
| 26 February 2023 | ₹0 | – | – |
| 25 February 2023 | ₹0 | – | – |
| 24 February 2023 | ₹0 | – | – |
| 23 February 2023 | ₹0 | – | – |
| 22 February 2023 | ₹0 | – | – |
| 21 February 2023 | ₹0 | – | – |
| 20 February 2023 | ₹0 | – | – |
| 19 February 2023 | ₹0 | – | – |
ITCONS E-Solutions IPO Detail Video:
ITCONS E-Solutions IPO Subscription Status (Bidding Detail)
The ITCONS E-Solutions IPO on Feb 28, 2023 at Mar 02, 2023 was subscribed 16.79 times, with the retail category being subscribed 17.45 times, the NII (Non-Institutional Investor) category being subscribed 16.12 times.
| Category | Subscription |
| NII | 16.12x |
| Retail | 17.45x |
| Total | 16.79x |
ITCONS E-Solutions IPO Prospectus
ITCONS E-Solutions IPO Rating
| Our Rating | 1.0/5.0 |
ITCONS E-Solutions Compnay Contact Information
ITCONS E-Solutions Limited
Registered Office: Regus Elegance 2F, Elegance Jasola District Centre,
Old Mathura Road, New Delhi, South Delhi – 110025, India
Corporate Office: 3rd Floor, B-10, Bajaj Bhawan, Sector-3,
Jamna Lal Bajaj Marg, Noida – 201301, Uttar Pradesh, India
Contact Person: Ms. Pooja Gupta, Company Secretary & Compliance Officer
Tel No: +91 120 4149563
E-Mail ID: cs.pooja@itconsinc.com
Website: www.itconsinc.com
CIN: U72900DL2007PLC163427
OUR PROMOTERS: (I) Mr. GAURAV MITTAL AND (II) Mrs. SWATI JAIN
ITCONS E-Solutions IPO Registrar
CAMEO CORPORATE SERVICES LIMITED
Address: “Subramanian Building”, #1, Club House Road,
Chennai -600002, India
Website: cameoindia.com
Contact Person: Ms. K. Sreepriya
Telephone: +91-44-40020700, 28460390
Email: investor@cameoindia.com
ITCONS E-Solutions IPO Lead Manager
FINSHORE MANAGEMENT SERVICES LIMITED
Address: Anandlok Building, Block-A, 2nd Floor, Room No. 207,
227 A.J.C Bose Road, Kolkata-700020, West Bengal, India
Website: www.finshoregroup.com
Contact Person: Mr. S. Ramakrishna Iyengar
Telephone: 033 – 2289 5101 / 4603 2561
Email: info@finshoregroup.com
ITCONS E-Solutions IPO FAQs
What is the lot size of ITCONS E-Solutions IPO?
The total size of ITCONS E-Solutions IPO is ₹8.67 crores and this is a complete fresh Issue.
When will ITCONS E-Solutions IPO start?
ITCONS E-Solutions IPO will start from 28 Feb 2023 and IPO will close on 02 Mar 2023.
What is the open date of ITCONS E-Solutions IPO?
ITCONS E-Solutions IPO will open from 28 Feb 2023.
What is the last date ( close date ) of ITCONS E-Solutions IPO?
ITCONS E-Solutions IPO will close from 02 Mar 2023.
What is the price band of ITCONS E-Solutions IPO?
ITCONS E-Solutions IPO price band is ₹51.
What is the minimum amount required to apply for ITCONS E-Solutions IPO?
The minimum investment for retailers to apply for ITCONS E-Solutions IPO is ₹102,000 and the maximum investment is ₹102,000.
What is going on gray market premium of ITCONS E-Solutions IPO?
View gray market premium of ITCONS E-Solutions IPO by Clicking Here
How much is the GMP of ITCONS E-Solutions IPO?
Watch ITCONS E-Solutions IPO GMP Today: Click Here
What is the allotment date of ITCONS E-Solutions IPO?
The allotment date of ITCONS E-Solutions IPO is 08 March 2023.
How to check allotment status in ITCONS E-Solutions IPO?
To check the allotment status of ITCONS E-Solutions IPO, first of all go to the registrar website by clicking here, select your bad ITCONS E-Solutions IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of ITCONS E-Solutions IPO?
The listing date of ITCONS E-Solutions IPO is 13 March 2023.
How much will be the listing gain in ITCONS E-Solutions IPO?
View listing gain of ITCONS E-Solutions IPO by Clicking Here
How much time ITCONS E-Solutions IPO is subscribed?
Total 16.79 times subscribed in ITCONS E-Solutions IPO out of which 17.45 times subscription was done in retail quota and 16.12 times subscription in NII quota.
How to apply for ITCONS E-Solutions IPO from Upstox?
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How to apply for ITCONS E-Solutions IPO from Zerodha?
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How to apply for ITCONS E-Solutions IPO from Angle One?
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