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27 February 2023

ITCONS E-Solutions Ltd. IPO Date, Allotment, and All Details

ITCONS E-Solutions Limited

Incorporated in 2007, ITCONS E-Solutions Limited is a New Delhi- positioned company enthralled in the business of furnishing mortal resource services. The company offers its services substantially in the organized region to both public and private associations.

A rapidly growing company across Pan India. ITCONS E-Solutions Limited is a New Delhi-positioned company enthralled in the business of furnishing HR services, Headquartered is positioned in NOIDA, this company is growing with a phenomenal company in competing spaces and keeping its presence in the staffing industry.

ITCONS E-Solutions is a global, professional staffing and reclamation company specializing in strategic services for Information Technology, Healthcare, Manufacturing, Oil and Gas, Engineering, Logistics/ Transportation, Light Industrial, Media, Finance/ Accounting, Administrative Services/ Clerical, Marketing/ Creative, related diligence along with StateGovt. CentralGovt. and PSUs. ITCONS E-Solutions provides Long- term or Short- term staff addition or Managed task contract or Contingent employment/ staffing result.

Financial Performance

Parameter	March 31, 2020 (in Rs. Lakhs)	March 31, 2021 (in Rs. Lakhs)	March 31, 2022 (in Rs. Lakhs)
Total Assets	351.17	341.21	470.71
Total Revenue	834.95	842.48	1,820.36
Profit After Tax	10.57	7.53	119.11

Objective of ITCONS E-Solutions Ltd. IPO

The primary objective of ITCONS E-Solutions Limited IPO is to raise funds for the following purposes:

1. To meet the working Capital Requirements
2. To meet the issue Expense
3. General Corporate Purposes

ITCONS E-Solutions IPO Details

IPO Date	Feb 28, 2023 to Mar 2, 2023
Allotment	Mar 08, 2023
Listing Date	Mar 8, 2023
Face Value	₹10 Per Equity Share
Issue Price	₹51 Per Equity Shares
Issue Size	1,700,000 shares(INR ₹8.67 Crore)
Market Lot (min. Amt.)	2000 Shares (Rs. 1,02,000/-)
Listing on	BSE SME
Lead Manager	Finshore Management Services Ltd.
Registrar	Cameo Corporate Services Ltd.

Company Promoters of ITCONS E-Solutions

The Promoters of Itcons e-solutions Limited are:

Mr. Gaurav Mittal
Mrs. Swati Jain

As per the Draft Red Herring Prospectus (DRHP) filed by the company with SEBI, the promoter group collectively holds 89.67% of the pre-issue paid-up equity share capital of the company. After the IPO, their shareholding in the company will reduce to 59.36% of the post-issue paid-up equity share capital.

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