ITCONS E-Solutions Limited
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₹4(7.84%)
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ITCONS E-Solutions Limited's successfully completed its Initial Public Offering and commenced trading on Mar 13, 2023 at the BSE exchange. The company raised 17,00,000 Shares through this public offering, comprising 17,00,000 Shares in fresh capital.
The IPO was priced within the band of ₹51 to ₹51, with minimum application lots of 2000 shares. The offering attracted significant investor interest during its subscription period from Feb 28, 2023 to Mar 02, 2023.
Share allotment was finalized on Mar 07, 2023, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2007, ITCONS E-Solutions Limited is a New Delhi-based company specializing in providing human resource services to both public and private sector organizations. The company’s key service areas include manpower supply, recruitment, and staffing solutions across industries such as IT, FMCG, and food. With a workforce of over 800 employees, including contractual staff, ITCONS offers a comprehensive suite of HR services, including IT and general staffing, re-badging, recruitment process outsourcing, payroll management, managed IT services, and permanent hiring. Over the years, the company has demonstrated strong financial growth, with revenues increasing from ₹834.95 lakhs in 2020 to ₹1,820.36 lakhs in 2022, and ₹1,605.05 lakhs recorded for the half-year ending September 2022.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Gaurav Mittal
- Mrs. Swati Jain
ITCONS E-Solutions Limited
Cameo Corporate Services Limited