ITCONS E-Solutions Limited IPO (ITCONS E-Solutions IPO)

ITCONS E-Solutions Limited IPO
Upcoming ITCONS E-Solutions IPO | New ITCONS E-Solutions IPO

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:

  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 IPO

ITCONS E-Solutions IPO – Details

IPO Opening Date28 February 2023
IPO Closing Date02 March 2023
Issue TypeFixed Price Issue IPO
Issue Size17,00,000 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 Lot2000 Shares
Min Order12000 Shares (1 Lot)
Listing AtBSE SME
RegisterCameo Corporate Services Limited
Retail Shares Offered50%
NII (HNI) Shares Offered50%

ITCONS E-Solutions IPO – Date Schedule

IPO Open Date28 February 2023
IPO Close Date02 March 2023
Basis of Allotment08 March 2023
Initiation of Refunds09 March 2023
Credit of Shares to Demat Account10 March 2023
IPO Listing Date13 March 2023

ITCONS E-Solutions IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)

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.
ITCONS E-Solutions IPO
Issue Object

Company Financials

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 20208.347.960.10
31 March 20218.428.190.07
31 March 202218.2016.401.19
30 September 202216.0514.431.06
Amount in ₹ Crore

ITCONS E-Solutions IPO Promoter Holding

Pre Issue Share Holding89.67%
Post Issue Share Holding59.36%

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

ITCONS E-Solutions IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390

ITCONS E-Solutions IPO Lead Manager(s)

1. Finshore Management Services Limited


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.
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