IPO

ITCONS E-Solutions Limited IPO

BSE SME

Listed On: Mar 13, 2023 at ₹ 46.99

₹ 204000 /4000 Shares
*Min Investment

Check Allotment

28 Feb, 2023

Open Date

02 Mar, 2023

Close Date

08 Mar, 2023

Allotment Date

13 Mar, 2023

Listing Date
ITCONS E-Solutions Limited IPO Issue Details
  • Issue Price ₹51 per equity share
  • Face Value ₹10 Per Equity Share 
  • Issue Price Fresh Issue of 1,700,000 shares of ₹10 (aggregating up to ₹8.67 Cr)
  • Listing at BSE SME
  • List Price 46.99
  • Listing Date 2023-03-13
  • Lead Manager Finshore Management Services Limited
  • Registrar Cameo Corporate Services Limited
ITCONS E-Solutions Limited IPO Details
  • Retail Portion N/A
ITCONS E-Solutions Limited IPO Documents
ITCONS E-Solutions Limited IPO Details


ITCONS E-Solutions Limited IPO is an SME IPO, priced at ₹51 per equity share. The equity shares have a face value of ₹10 Per Equity Share  each and will be listed on the BSE SME platform.

The IPO bidding window is open from Feb 28, 2023 to Mar 2, 2023. The allotment is expected to be finalized on Mar 8, 2023, and the tentative listing date is Mar 13, 2023.


The registrar of the IPO is Cameo Corporate Services Limited, and

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ITCONS E-Solutions Limited IPO Subscription Analysis And Details
Retail
17.45x
Total
16.79x
As onQIB / NIIRetailTotal
Shares Offered / Reserved806,000808,0001,614,000
Day 1 28-02-23 06:00 PM
0.86 x1.17 x1.01 x
Day 2 01-03-23 06:00 PM
1.09 x3.27 x2.18 x
Day 3 02-03-23 06:00 PM
16.12 x17.45 x16.79 x
ITCONS E-Solutions Limited Valuations
Earnings Per Share (EPS) ₹4.16/-
P/E Ratio 12.26
RoNW 53.31%
Net Asset Value (NAV) - Post Issue ₹7.80/-
ITCONS E-Solutions Limited Company Financials
In Lakhs
In Lakh
30-Sep-2231-Mar-2231-Mar-2131-Mar-20
Assets792.37470.71341.21351.17
Revenue1,605.051,820.36842.48834.95
Profit After Tax106.12119.117.5310.57
About ITCONS E-Solutions Limited Company

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:
- Manpower Supply/Recruitment Services;
- Manpower Sourcing/Staffing Services

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:
IT Staffing
General Staffing
Re-badging
Recruitment Process Outsourcing
Pass through Services
Payroll Services
Managed IT Services
Product Installation & Servicing Solutions
Permanent Hiring

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ITCONS E-Solutions Limited - Promoter(s)

Mr. Gaurav Mittal

Mrs. Swati Jain

Pre Issue Share Holding : 89.67%

Post Issue Share Holding : 59.36%

ITCONS E-Solutions Limited IPO - Issue Objectives
1

To meet the working capital requirements

2

To meet the Issue Expenses

3

General Corporate Purposes