IPO Details
Bidding Dates
27 Feb '23 - 01 Mar '23
Minimum Investment
₹102,000/1 Lots (2000 Shares)
Price Range
₹51
Maximum Investment
₹102,000/1 Lots (2000 Shares)
Retail Discount
To be announced
Issue Size
8.67 C
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Feb 27, 2023
IPO Close Date
Mar 1, 2023
IPO Allotment Date
Mar 7, 2023
Initiation Of Refunds
Mar 8, 2023
Credit Of Shares To Demat Account
Mar 9, 2023
IPO Listing Date
Mar 12, 2023
ITCONS E-Solutions IPO Subscription Details
| Date | Retail | Total |
|---|---|---|
Day 1Feb 27, 2023 |
1.17 | 1.01 |
Day 2Feb 28, 2023 |
3.27 | 2.18 |
Day 3Mar 1, 2023 |
17.45 | 16.79 |
ITCONS E-Solutions IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions | [.] |
| Non-Institutional Buyers | [.] |
| Retail Investors | 17.45 |
| Employees | [.] |
| Others | 16.12 |
| Total | 16.79 |
About Company
ITCONS E-Solutions Ltd. is a Noida-based human resource and staffing company that aims to meet the end-to-end HR needs of its clients in the private and public sectors. They offer services in two primary domains,
- Manpower supply/ recruitment services
- Manpower sourcing/staffing services
ITCONS E-Solutions has an employee strength of 800, including contractual employees, offering services in different segments like Staffing & Recruitment, Information Technology, FMCG, Food, etc.
The company’s range of services include
- 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 Ltd. IPO Objective
The fund will be utilised to meet working capital requirements, meet issue expenses, and general corporate purposes.
Why should you invest in the ITCONS E-Solutions Ltd. IPO?
Here are your top reasons to invest in the IPO.
- They specialise in staffing services and have a list of marquee clients.
- The company is prepared for fast-paced growth post-COVID-19 setback. They have diversified service offerings to help their clients meet their expanding manpower needs.
- The offer is reasonably priced. Investors looking for medium to long-term returns can park their money in ITCONS E-solutions IPO.
ITCONS E-Solutions Company Financials
| Parameters | Year ending on 30th Sept, 2022 | Year ending on As on 31st March, 2022 | Year ending on 31st March, 2021 |
|---|---|---|---|
| Revenue from operation | 1,605.05 | 1,805.26 | 832.22 |
| Profit After Tax | 106.12 | 119.11 | 7.53 |
| EBITDA | 159.36 | 179.71 | 23.04 |
| Current Assets | 706.98 | 441.08 | 321.79 |
| Current Liabilities | 330.14 | 247.29 | 236.90 |
| Current ratio | 2.14 | 1.78 | 1.36 |
Know before investing
Strengths
3-
Strong customer relationships with top clients with an average contract of 1 to 3 years.
-
They operate in a cost-competitive model of hiring, training, and deployment.
-
Experienced promoters and domain knowledge.
Risks
3-
The staffing and recruitment industry is highly competitive. The company may face challenges in hiring skilled resources and keeping their clients in future.
-
As a highly regulated industry, changes in government regulations might restrict the company’s range of services offered.
-
They depend on continuing their relationships with their clients, and losing significant clients will impact future cash flow.
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ITCONS E-Solutions IPO FAQs
ITCONS E-Solutions Ltd. SME IPO opens on February 28, 2023. The company aims to raise ₹8.67 crore and has fixed the IPO share price at ₹51 with a market lot of 2000 shares.
The IPO shares of ITCONS E-Solutions Ltd. will be allotted on March 08, 2023.
One lot of ITCONS E-Solutions Ltd.’ IPO has 2000 shares.
The IPO will open on February 28, 2023.
Retail investors can apply for a minimum of one lot.
The shares will list on the BSE exchange on March 13, 2023.
Angel One customers can log in to their accounts to check ITCONS E-Solutions Ltd. IPO allotment status.
When checking the allotment status, keep your application, DP ID, and PAN number ready.
Listing gain is the difference between the IPO’s opening and offer prices.
The listing gain results from changing investors’ interests, global parameters, and short vs long-term outlooks
The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 2000 shares.
