ITCONS E-Solutions IPO: GMP, Price, Dates and size

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ITCONS E-Solutions Limited, a firm based in New Delhi that offers human resource services, was established in 2007. The corporation primarily serves both public and private enterprises in the organised sector. The company’s services are mostly in the following areas: 

  • Manpower Supply/Recruitment Services; 
  • Manpower Sourcing/Staffing Services 

Since its founding, ITCONS E-Solutions has expanded to a professional team of over 800 people, including contractual workers. They provide their professional services in a variety of industries, including staffing & recruitment, information technology, FMCG, and food. To assist its clients’ end-to-end HR needs, ITCONS E-Solutions Limited has been expanding the services it offers. The following business heads have been used to categorise the company’s services: 

  1. IT Staffing 
  1. General Staffing 
  1. Re-badging 
  1. Recruitment Process Outsourcing 
  1. Pass through Services 
  1. Payroll Services 
  1. Managed IT Services 
  1. Product Installation & Servicing Solutions 
  1. Permanent Hiring 

ITCONS E-Solutions IPO Details 

IPO Date Feb 28- March 2, 2023
Listing Date Feb 28, 2023
Face Value ₹10 per share 
Price ₹51 per share 
Lot Size 2000 Shares 
Issue Size 1,700,000 shares of ₹10 
(aggregating up to ₹8.67 Cr) 
Fresh Issue 1,700,000 shares of ₹10 
(aggregating up to ₹8.67 Cr) 
Issue Type Fixed Price Issue IPO 
Listing At BSE SME 
Company Promoters Mr. Gaurav Mittal and Mrs. Swati Jain are the Promoters of the company. 
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IPO Important Dates

EventTentative Date
Opening DateFeb 28, 2023
Closing DateMar 2, 2023
Basis of AllotmentMar 8, 2023
Initiation of RefundsMar 9, 2023
Credit of Shares to DematMar 10, 2023
Listing DateMar 13, 2023

Company Financial Information

Period Ended Total Assets Total Revenue Profit After Tax Net Worth Reserves and Surplus Total Borrowing 
31-Mar-20 351.17 834.95 10.57 96.78 95.64 145.06 
31-Mar-21 341.21 842.48 7.53 104.31 103.17 136.33 
31-Mar-22 470.71 1,820.36 119.11 223.42 222.28 106.23 
30-Sep-22 792.37 1,605.05 106.12 462.23 129.36 176.70 
Amount in ₹ Lakhs 

Objects of the Issue 

The Objects of the Issue are: 

  1. To meet the working capital requirements
  2. To meet the Issue Expenses
  3. General Corporate Purposes

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 (Past IPO Performance)


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