ITCONS E-Solutions IPO GMP, Review, Price, Allotment

Last updated on March 14, 2023

ITCONS E-Solutions IPO description – Incorporated in 2007, ITCONS E-Solutions is 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.

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.

Since its Incorporation, ITCONS E-Solutions has been developing its service offering so as to support its clients in their end-to-end HR needs through its bouquet of services under one roof.

The company service of the entity is primarily in the domain:

• Manpower Supply/Recruitment Services
• Manpower Sourcing/Staffing 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

Promoters of ITCONS E-Solutions – Mr. Gaurav Mittal and Mrs. Swati Jain

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ITCONS E-Solutions IPO Details

ITCONS E-Solutions IPO Dates	28 Feb – 2 Mar 2023
ITCONS E-Solutions IPO Price	INR 51 per share
Fresh issue	17,00,000 shares (INR 8.67 crore)
Offer For Sale	Nil
Total IPO size	17,00,000 shares (INR 8.67 crore)
Minimum bid (lot size)	2,000 shares (INR 102,000)
Face Value	INR 10 per share
Retail Allocation	50%
Listing On	BSE SME

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ITCONS E-Solutions Financial Performance

	FY 2020	FY 2021	FY 2022	H1 FY 2023
Revenue	834.1	832.2	1,805.3	1,605.1
Expenses	796.3	819.3	1,640.5	1,443.4
Net income	10.6	7.5	119.1	106.1

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ITCONS E-Solutions Offer News

• ITCONS E-Solutions RHP
• ITCONS E-Solutions Draft Prospectus
• ASBA IPO Forms
• Live IPO Subscription Status
• IPO Allotment Status

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ITCONS E-Solutions Valuations & Margins

	FY 2020	FY 2021	FY 2022
EPS	0.37	0.26	4.16
PE ratio	–	–	12.26
RONW (%)	10.93	7.22	53.31
NAV	–	–	7.80
ROCE (%)	0.22	0.15	0.58
EBITDA (%)	4.62	2.73	9.87
Debt/Equity	1.50	1.31	0.48

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ITCONS E-Solutions IPO GMP Today

Date	Consolidated IPO GMP	Kostak	Subject to Sauda
9 Mar 2023	5	–	–
8 Mar 2023	5	–	–
6 Mar 2023	5	–	–
4 Mar 2023	5	–	–
3 Mar 2023	5	–	–
2 Mar 2023	5	–	–
1 Mar 2023	5	–	–
28 Feb 2023	5	–	–

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ITCONS E-Solutions IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	850,000	850,000	1,700,000
2 Mar 2023	16.12	17.21	16.67
1 Mar 2023	1.03	3.11	2.07
28 Feb 2023	0.82	1.11	0.96

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ITCONS E-Solutions Offer Lead Manager

FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok Building, Block-A,
2nd Floor, Room No. 207,
227 A.J.C Bose Road, Kolkata-700020, West Bengal
Phone :033 – 2289 5101 / 4603 2561
Email: [email protected]
Website: www.finshoregroup.com

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ITCONS E-Solutions Offer Registrar

CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”,
#1, Club House Road,
Chennai – 600 002, Tamil Nadu
Telephone: 044-28460390
Email: [email protected]
Website:  www.cameoindia.com

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ITCONS E-Solutions Contact Details

ITCONS E-SOLUTIONS LIMITED
3rd Floor, B-10, Bajaj Bhawan,
Sector-3, Jamna Lal Bajaj Marg,
Noida – 201301, Uttar Pradesh, India
Phone: +91 120 4149563
E-mail: [email protected]
Website: www.itconsinc.com

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ITCONS E-Solutions IPO Allotment Status

ITCONS E-Solutions IPO allotment status is now available on Cameo Corporate Services’ website. Click on this link to get allotment status.

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ITCONS E-Solutions IPO Dates & Listing Performance

ITCONS Offer Opening Date	28 February 2023
ITCONS IPO Closing Date	2 March 2023
Finalisation of Basis of Allotment	8 March 2023
Initiation of refunds	9 March 2023
Transfer of shares to demat accounts	10 March 2023
ITCONS IPO Listing Date	13 March 2023
Opening Price on BSE SME	INR 46.99 per share (down 7.86%)
Closing Price on BSE SME	INR 49.33 per share (down 3.27%)

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ITCONS E-Solutions IPO FAQs