ITCONS E-Solutions Limited

Company Profile
Company Name ITCONS E-Solutions Limited
Open Date 28-02-2023
Close Date 02-03-2023
Exchange BSE SME
Lot Size 2000 Shares
Issue Price ₹ 51 per share
Issue Size 17,00,000 Equity Shares
Application Amount ₹ 1,02,000
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Company was incorporated in the year 2007 in New Delhi. Company is engaged in the business of providing human resource services to both public and private organizations mostly in organized sector in diverse roles and responsibilities. Their services primarily include 1) Manpower Supply/Recruitment Services; and 2) Manpower Sourcing/Staffing Services. They have well-known and reputed clients from the Information Technology, Staffing & Recruitment, Food, FMCG space amongst others, which include MNCs. As on 30th November 2023 company has 38 permanent employees and 871 associate employees.
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Summary of Financials (All financials in Lakh)

For the Period Ended Sep-22 Mar-22 Mar-21
Total Assets 341.21 470.71 792.37
Net Assets 104.31 223.42 462.23
Total Borrowings 136.33 106.23 176.70
Total Revenue 842.48 1,820.36 1,605.05
Profit After Tax 7.53 119.11 106.12

Tentative Timeline

Opening Date 28-02-2023
Closing Date 02-03-2023
Basis of Allotment 08-03-2023
Initiation of Refunds 09-03-2023
Credit of Shares to Demat 10-03-2023
Listing Date 13-03-2023

Objects of the Issue

To meet the working capital requirements
To meet the Issue Expenses
General Corporate Purposes

Contact Information

Registered Office 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/

Registrar Details

Name Cameo Corporate Services Limited
Phone +91-44-28460390
Email investor@cameoindia.com
Website https://ipo.cameoindia.com/

IPO Reservation

Market Maker Shares Offered 86,000 (5.06%)
Other Shares Offered 8,06,000 (47.41%)
Retail Shares Offered 8,08,000 (47.53%)
Total Shares Offered 17,00,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 89.67%
Share Holding Post Issue (Promoters) 59.36%

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