The ITCONS E-Solutions IPO date has been confirmed from February 28 and ended on March 2, 2023 . Read the post to learn about ITCONS E-Solutions IPO GMP.
The IPO date for ITCONS E-Solutions IPO has been confirmed; the IPO is expected to go public on November 9 and close on November 11. ITCONS E-Solutions IPO Technologies IPO will raise approximately 1960 crores through an IPO that will include a fresh issue of [.] crores and an offer for sale of up to 1960 crores of 1 each. The retail share is 35%, the QIB share is 50%, and the HNI share is 15%.
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Key Details Of ITCONS E-Solutions IPO
Bidding Dates
February 28 – March 2, 2023
Price Range
₹51 per share
Face Value
₹10 per share
GMP
₹4
ITCONS E-Solutions IPO GMP
The ITCONS E-Solutions IPO GMP is Today ₹[4].
ITCONS E-Solutions IPO Overview
The IPO of ITCONS E-Solutions is a fixed price offering worth Rs 8.67 crores. This offering consists solely of 17 lakh new shares. The bidding for the ITCONS E-Solutions IPO commenced on February 28, 2023, and concluded on March 2, 2023. The allotment for this IPO was finalized on Wednesday, March 8, 2023. Subsequently, the shares were listed on BSE SME on March 13, 2023. ITCONS E-Solutions Ltd. is a Noida-headquartered company specializing in human resource and staffing solutions. Our primary objective is to cater to the comprehensive HR requirements of clients in both the private and public sectors. They provide services in two key areas Manpower supply and recruitment services and Manpower sourcing and staffing services.
ITCONS E-Solutions IPO Date & Price Band Details
| IPO Date | February 28, 2023 to March 2, 2023 |
| Listing Date | March 13, 2023 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,700,000 shares (aggregating up to ₹8.67 Cr) |
| Fresh Issue | 1,700,000 shares (aggregating up to ₹8.67 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 86,000 shares |
ITCONS E-Solutions IPO Market Lot
The IPO of ITCONS E-Solutions IPO has a minimum market lot of 31 shares, requiring an application amount of ₹14,694. Retail investors have the opportunity to apply for a maximum of 13 lots, which amounts to 403 shares or ₹191,022.
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| HNI (Min) | 2 | 4,000 | ₹204,000 |
ITCONS E-Solutions IPO Allotment and Listing Dates
| IPO Open Date | Tuesday, February 28, 2023 |
| IPO Close Date | Thursday, March 2, 2023 |
| Basis of Allotment | Wednesday, March 8, 2023 |
| Initiation of Refunds | Thursday, March 9, 2023 |
| Credit of Shares to Demat | Friday, March 10, 2023 |
| Listing Date | Monday, March 13, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 2, 2023 |
ITCONS E-Solutions IPO Company Financial Report
| 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 |
Company Profile
ITCONS E-Solutions Limited, founded in 2007, is a fast expanding corporation with a presence throughout India. ITCONS e-Solutions, headquartered in NOIDA, works together to exploit organizational strengths and provide cost-effective staffing services in a variety of verticals across the country. This organization provides IT consulting services, as well as permanent and temporary workforce options. It is funded by Amity Capital Ventures (ACV) and backed by the Ministry of Small and Medium-Sized Enterprises (MSME) and the Technology Development Board (TDB).
ITCONS e-Solutions is a nationwide professional staffing and recruitment firm that serves industries such as information technology, healthcare, manufacturing, oil and gas, engineering, logistics/transportation, light industrial, media, finance/accounting, administrative services/clerical, marketing/creative, and other related fields. It offers long- and short-term staff augmentation, managed task contracts, and contingent employment/staffing solutions.
Registrar Info
| Name | Cameo Corporate Services Limited |
| Phone number | +91 44284 60390 |
| Email ID | [email protected] |
| Website | https://ipo.cameoindia.com/ |
Contact Details
| Name | ITCONS E-Solutions Limited |
| Phone number | +91 120 4149563 |
| Email ID | [email protected] |
| Website | https://www.itconsinc.com/ |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
ITCONS E-Solutions IPO FAQs
When ITCONS E-Solutions IPO will open?
The ITCONS E-Solutions IPO opens on February 28, 2023 and closes on March 2, 2023.
What is the lot size of ITCONS E-Solutions IPO?
ITCONS E-Solutions IPO lot size is 2000 Shares, and the minimum amount required is ₹102,000.
When is ITCONS E-Solutions IPO allotment?
The completion of the Basis of Allotment for the ITCONS E-Solutions IPO is scheduled for Wednesday, March 8, 2023. Subsequently, the allocated shares will be deposited into your demat account by Friday, March 10, 2023.
When is ITCONS E-Solutions IPO listing date?
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