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ITCONS E-Solutions IPO is a book build IPO listing on BSE SME exchange. The company is based in New Delhi and caters to Human Resources And Manpower sector. Finshore Management Services is the merchant banker of ITCONS E-Solutions IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 3rd January 2023.
ITCONS E-Solutions IPO open date is 28th February 2023 and close date is 2nd March 2023. IPO Allotment Date is 8th March 2023 and Listing date is 13th March 2023.ITCONS E-Solutions IPO size is Rs 8.67 Cr. crores with IPO price of Rs 51.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Finshore Management Services Limited is the book-running lead manager of the ITCONS E-Solutions IPO. Cameo Corporate Services Limited is the Registrar and Market Maker is Nikunj Stock Brokers Limited for ITCONS E-Solutions IPO.
ITCONS E-Solutions IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
ITCONS E-Solutions IPO, based in New Delhi, operates in the Human Resources And Manpower sector with a focus on Provides human resource services. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. ITCONS E-Solutions IPO size is ₹ 8.67 Cr. Crores with fresh issue size of Rs 8.67 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for ITCONS E-Solutions IPO is expected to be 8th March 2023, after the finalization of basis of allotment. Investors can check ITCONS E-Solutions IPO allotment status on the registrars website, Cameo Corporate Services Limited. ITCONS E-Solutions IPO refund dates are 9th March 2023.
ITCONS E-Solutions IPO is expected to be listed on 13th March 2023.
The upper price band for the ITCONS E-Solutions IPO is set at ₹ 51.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on ITCONS E-Solutions IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the ITCONS E-Solutions IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 2nd March 2023. After submission, funds are blocked until the basis of allotment of ITCONS E-Solutions IPO is finalised.
The merchant banker for ITCONS E-Solutions IPO is Finshore Management Services Limited . Finshore Management Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the ITCONS E-Solutions IPO RHP for further details.
The registrar for ITCONS E-Solutions IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited registrar website for IPO allotment status, refund processing, and other queries related to ITCONS E-Solutions IPO through their official website or helpline.
ITCONS E-Solutions IPO was subscribed 16.79 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 8.67 Cr.
Avg IPO Size (Sector Based)
:
₹ 38.70 Cr.
Sector: Human Resources And Manpower
SME IPO so far:
9
Merchant Banker:
Finshore Management
SME IPO by BRLM so far:
47
City:
New Delhi
SME IPO so far:
152
Revenue (annualised):
₹ 32.10 cr.
PE
Ratio:
12.09x
Average Sector PE Ratio: 14.73x
ITCONS E-Solutions IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on ITCONS E-Solutions Financial Review Page
Merchant Banker(s) of ITCONS E-Solutions IPO: Finshore Management Services Limited
ITCONS E-Solutions IPO subscription was 16.79 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
ITCONS E-Solutions IPO listed at a listing price of 46.99 against the offer price of 51.00.
The current market price of ITCONS E-Solutions is 535.60.
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