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ITCONS E-Solutions IPO

Small CapIETSSME
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IPO Details

Bidding Dates

28 Feb '23 - 02 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 28, 23

IPO Close Date

Mar 2, 23

IPO Allotment Date

Mar 8, 23

Initiation Of Refunds

Mar 9, 23

Credit Of Shares To Demat Account

Mar 10, 23

IPO Listing Date

Mar 13, 23

ITCONS E-Solutions IPO Subscription Details

DateRetailTotal

Day 12023-02-28

1.171.01

Day 22023-03-01

3.272.18

Day 32023-03-02

17.4516.79

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

ParametersYear ending on 30th Sept, 2022Year ending on As on 31st March, 2022
Revenue from operation1,605.051,805.26
Profit After Tax106.12119.11
EBITDA159.36179.71
Current Assets706.98441.08
Current Liabilities330.14247.29
Current ratio 2.141.78

Know before investing

Strengths

3

  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.

Risks

3

  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
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Login to Angel One App / Website & click on IPO

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Select desired IPO & tap on "Apply"

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Enter UPI ID, set quantity/price & submit

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Accept mandate on the UPI app to complete the process

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.
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