
Business Services · BSE
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.
Price Band
₹51
Issue Size
₹8.67 Cr
Lot Size
2000 shares
GMP
+7.8%
Est. Listing
₹55
at current GMP
Subscribed
16.79x
overall
Open
28 Feb 2023
Close
2 Mar 2023
Allotment
7 Mar 2023
Refund
8 Mar 2023
Demat Credit
9 Mar 2023
Listing
13 Mar 2023
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹51
Band: ₹51
Estimated Listing Price
₹55
Upper price + GMP
Lot Size
2000 shares
Min investment ₹1,02,000
Estimated Profit / Lot
₹8,000
2000 × ₹4
Grey Market Premium trend
+₹4
▲ 0 today
Updated 1 minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹4 | 7.8% | ₹55 |
| 30 Oct 2026 | +₹4 | 7.8% | ₹55 |
| 29 Oct 2026 | +₹4 | 7.1% | ₹55 |
GMP is unofficial market data. Not a guarantee of listing performance.
ITCONS E-Solutions Limited is bringing an initial public offering (IPO) in the Business Services sector with an aggregate issue size of ₹8.67 Crores. The shares are offered at a price band of ₹51 to ₹51 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,02,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-03-09, while un-allotted funds or UPI block mandates will be released on 2023-03-08.
The latest grey market premium for ITCONS E-Solutions Limited IPO is ₹4, which indicates an expected listing price of ₹55.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.