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 IPO – Details
| IPO Opening Date | 28 February 2023 |
| IPO Closing Date | 02 March 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 17,00,000 Shares Worth ₹8.67 Crore Fresh Issue: 17,00,000 Shares Worth ₹8.67 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 |
| Market Lot | 2000 Shares |
| Min Order1 | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Cameo Corporate Services Limited |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
ITCONS E-Solutions IPO – Date Schedule
| IPO Open Date | 28 February 2023 |
| IPO Close Date | 02 March 2023 |
| Basis of Allotment | 08 March 2023 |
| Initiation of Refunds | 09 March 2023 |
| Credit of Shares to Demat Account | 10 March 2023 |
| IPO Listing Date | 13 March 2023 |
ITCONS E-Solutions IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 2000 | 1,02,000 |
| Maximum | 1 | 2000 | 1,02,000 |
Competitive Strengths
- Established and proven track record;
- Leveraging the experience of the company’s Promoters;
- Experienced management team and a motivated and efficient work force;
- Cordial relations with the customers;
- Quality Assurance & Control.
Company Promoters
- Mr. Gaurav Mittal
- Mrs. Swati Jain
Object Of The Issue
- Issue related expenses.
- Working capital requirements.
- General Corporate Purpose.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 8.34 | 7.96 | 0.10 |
| 31 March 2021 | 8.42 | 8.19 | 0.07 |
| 31 March 2022 | 18.20 | 16.40 | 1.19 |
| 30 September 2022 | 16.05 | 14.43 | 1.06 |
ITCONS E-Solutions IPO Promoter Holding
| Pre Issue Share Holding | 89.67% |
| Post Issue Share Holding | 59.36% |
ITCONS E-Solutions IPO Prospectus
Company Contact Information
| ITCONS E-Solutions Limited Regus Elegance 2F, Elegance Jasola District Centre Old Mathura Road, New Delhi, South Delhi – 110025 Phone: +91 120 4149563 Email: cs.pooja@itconsinc.com Website: http://www.itconsinc.com/ |
ITCONS E-Solutions IPO Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: investor@cameoindia.com Website: https://ipo.cameoindia.com/ |
ITCONS E-Solutions IPO Lead Manager(s)
| 1. Finshore Management Services Limited |
ITCONS E-Solutions IPO FAQs
| What is ITCONS E-Solutions IPO? ITCONS E-Solutions IPO is a SME IPO. The issue is priced at ₹51 per equity share. The IPO is to be listed on BSE SME. |
| When ITCONS E-Solutions IPO will open? The IPO is to open on 28 February 2023 for NII and Retail Investors. |
| What is ITCONS E-Solutions IPO Investors Portion? The investors portion for NII-50%, and Retail-50%. |
| How to ITCONS E-Solutions IPO? You can apply ITCONS E-Solutions IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the ITCONS E-Solutions IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “ITCONS E-Solutions”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the ITCONS E-Solutions IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “ITCONS E-Solutions”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is ITCONS E-Solutions IPO Size? ITCONS E-Solutions IPO size is ₹8.67 crores. |
| What is ITCONS E-Solutions IPO Price Band? ITCONS E-Solutions IPO Price Band is ₹51. |
| What is ITCONS E-Solutions IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,02,000 amount while the maximum bid is 2000 shares with ₹1,02,000. |
| What is the ITCONS E-Solutions IPO Allotment Date? ITCONS E-Solutions IPO allotment date is 08 March 2023. |
| What is the ITCONS E-Solutions IPO Listing Date? ITCONS E-Solutions IPO listing date is 13 March 2023. The IPO is to list on BSE SME. |
