IPO Details

Bidding Dates

28 Feb '23 - 02 Mar '23

Minimum Investment

₹102,000/1 Lots (2000 Shares)

Price Range


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 28, 2023

IPO Close Date

Mar 2, 2023

IPO Allotment Date

Mar 8, 2023

Initiation Of Refunds

Mar 9, 2023

Credit Of Shares To Demat Account

Mar 10, 2023

IPO Listing Date

Mar 13, 2023

ITCONS E-Solutions IPO Subscription Details


Day 1Feb 28, 2023

1.17 1.01

Day 2Mar 1, 2023

3.27 2.18

Day 3Mar 2, 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

  1. IT Staffing
  2. General Staffing
  3. Re-badging
  4. Recruitment Process Outsourcing
  5. Pass through Services
  6. Payroll Services
  7. Managed IT Services
  8. Product Installation & Servicing Solutions
  9. 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


  1. Strong customer relationships with top clients with an average contract of 1 to 3 years.

  2. They operate in a cost-competitive model of hiring, training, and deployment.

  3. Experienced promoters and domain knowledge.


  1. The staffing and recruitment industry is highly competitive. The company may face challenges in hiring skilled resources and keeping their clients in future.

  2. As a highly regulated industry, changes in government regulations might restrict the company’s range of services offered.

  3. They depend on continuing their relationships with their clients, and losing significant clients will impact future cash flow.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for


What is ITCONS E-Solutions Ltd. IPO?

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. 

When will ITCONS E-Solutions Ltd. IPO allotment available?

The IPO shares of ITCONS E-Solutions Ltd. will be allotted on March 08, 2023.

What will be the ITCONS E-Solutions Ltd. IPO lot size?

One lot of ITCONS E-Solutions Ltd.’ IPO has 2000 shares.

When will ITCONS E-Solutions Ltd. IPO open for subscription?

The IPO will open on February 28, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will ITCONS E-Solutions Ltd. list on exchanges?

The shares will list on the BSE exchange on March 13, 2023.

How to check the allotment status of ITCONS E-Solutions Ltd. IPO?

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.

What would be the listing gains on the ITCONS E-Solutions Ltd. IPO?

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

I have finished the application process for ITCONS E-Solutions Ltd. IPO, but the funds are not yet debited. What is the reason?

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. 

How to approve the UPI mandate request for ITCONS E-Solutions Ltd. IPO?

Login to your UPI handle and approve the payment mandate to complete the IPO application process.

Can I submit more than one application for the public issue of ITCONS E-Solutions Ltd. using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for ITCONS E-Solutions Ltd. IPO?

The minimum size of the application will be one lot of 2000 shares.