ITCONS E-Solutions Limited
BSE SME₹102,000 / 2000 Shares
ITCONS E-Solutions Limited IPO Details
The ITCONS E-Solutions Limited IPO price band is set between ₹51 per equity share, with a face value of ₹10 per share. The issue is managed by Cameo Corporate Services Limited, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 28 Feb, 2023 and closes on 2 Mar, 2023. Investors can check the allotment status on 8 Mar, 2023, while the listing date is tentatively scheduled for 13 Mar, 2023.
The total issue size is Fresh Issue of 1,700,000 shares of ₹10 , aggregating up to ₹8.67 Cr. Stay tuned for the latest ITCONS E-Solutions Limited IPO review and GMP updates.
ITCONS E-Solutions Limited IPO Review, Rating & Analysis
ITCONS E-Solutions Limited IPO Review
NO REVIEWITCONS E-Solutions Limited IPO Rating
ITCONS E-Solutions Limited IPO Highlights
IPO Date
Feb 28, 2023 - Mar 2, 2023
Listing Date
13 Mar, 2023
Face Value
₹10 Per Equity Share
Price Band
₹51 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
ITCONS E-Solutions Limited IPO Lot Size
The minimum market lot for ITCONS E-Solutions Limited IPO is 2000 shares with an application amount of ₹1,02,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,02,000 |
| Retail (Max) | 1 | 2000 | ₹1,02,000 |
| S-HNI (Min) | 2 | 4000 | ₹2,04,000 |
| S-HNI (Max) | 9 | 18000 | ₹9,18,000 |
| B-HNI (Min) | 10 | 20000 | ₹10,20,000 |
ITCONS E-Solutions Limited IPO Timeline
Issue Price
₹51 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Cameo Corporate Services LimitedLead Manager
Finshore Management Services LimitedIssue Size
Fresh Issue of 1,700,000 shares of ₹10 (aggregating up to ₹8.67 Cr)ITCONS E-Solutions Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sep 22 | 792.37 | 1605.05 | 106.12 | - | - | - |
| 31 Mar 22 | 470.71 | 1820.36 | 119.11 | - | - | - |
| 31 Mar 21 | 341.21 | 842.48 | 7.53 | - | - | - |
| 31 Mar 20 | 351.17 | 834.95 | 10.57 | - | - | - |
All values are in ₹ Lakh
Promoters & Share Holding
Promoter(s) Name
- Mr. Gaurav Mittal
- Mrs. Swati Jain
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 89.67% | 59.36% |
About 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
ITCONS E-Solutions Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 806,000 | 808,000 | 1,614,000 |
Day 1 -28-02-23 06:00 PM | 0.86 x | 1.17 x | 1.01 x |
Day 2 -01-03-23 06:00 PM | 1.09 x | 3.27 x | 2.18 x |
Day 3 -02-03-23 06:00 PM | 16.12 x | 17.45 x | 16.79 x |
Frequently Asked Questions about ITCONS E-Solutions Limited IPO
When will ITCONS E-Solutions Limited IPO open for subscription?
The ITCONS E-Solutions Limited IPO opens on 28 Feb, 2023 and closes on 2 Mar, 2023.
What is the investors portion for ITCONS E-Solutions Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 808000.
How to apply for ITCONS E-Solutions Limited IPO?
You can apply for ITCONS E-Solutions Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of ITCONS E-Solutions Limited IPO?
The issue size of ITCONS E-Solutions Limited IPO is approx ₹Fresh Issue of 1,700,000 shares of ₹10 (aggregating up to ₹8.67 Cr) crores.
What is the price band of ITCONS E-Solutions Limited IPO?
The price band for ITCONS E-Solutions Limited IPO is ₹51 per equity share to ₹undefined.
What is the lot size of ITCONS E-Solutions Limited IPO?
The minimum bid (lot size) for ITCONS E-Solutions Limited IPO is N/A shares with an investment of approx ₹102,000 .
What is the allotment date of ITCONS E-Solutions Limited IPO?
The allotment date for ITCONS E-Solutions Limited IPO is 8 Mar, 2023.
What is the listing date of ITCONS E-Solutions Limited IPO?
The listing date for ITCONS E-Solutions Limited IPO is expected to be 13 Mar, 2023.
What is the GMP of ITCONS E-Solutions Limited IPO?
The latest Grey Market Premium (GMP) for ITCONS E-Solutions Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.