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:
- 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 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 |
| Market Maker | NIKUNJ STOCK BROKERS LIMITED |
| Company Promoters | Mr. Gaurav Mittal and Mrs. Swati Jain are the Promoters of the company. |
IPO Important Dates
| Event | Tentative Date |
|---|---|
| Opening Date | Feb 28, 2023 |
| Closing Date | Mar 2, 2023 |
| Basis of Allotment | Mar 8, 2023 |
| Initiation of Refunds | Mar 9, 2023 |
| Credit of Shares to Demat | Mar 10, 2023 |
| Listing Date | Mar 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:
- To meet the working capital requirements
- To meet the Issue Expenses
- 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
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)
- Finshore Management Services Limited (Past IPO Performance)
