What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of ITCONS E-Solutions Limited IPO?

ITCONS E-Solutions Limited IPO has received a total subscription of 16.79 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

ITCONS E-Solutions Limited

ListedSME

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

₹4

+7.8%

Est. Listing

₹55

at current GMP

Subscribed

16.79x

overall

Open

28 Feb 2023

2 Mar 2023

Allotment

7 Mar 2023

Refund

8 Mar 2023

Demat Credit

9 Mar 2023

Listing

13 Mar 2023

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

16.79x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

0.00x

High Net-Worth

Retail (RII)

0.00x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 16.79x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
Qualified Institutional (QIB)	850,000	—	0.00x
Non-Institutional (NII / HNI)	255,000	—	0.00x
Retail Individual (RII)	595,000	—	0.00x
Total	1,700,000	0	16.79x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 16.79x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	298	5,003	16.79x
HNIs (10L +)	2	34	17.00x
HNIs (2-10L)	9	151	16.78x
Total Applications	309	5,188	16.79x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About ITCONS E-Solutions Limited Public Issue & Market Profile

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.

Bidding & Quota Instructions:

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 Schedule:

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.

Frequently Asked Questions

What is ITCONS E-Solutions Limited IPO GMP today?

The latest Grey Market Premium (GMP) for ITCONS E-Solutions Limited IPO is ₹4 per equity share. Based on the upper price band of ₹51 to ₹51 per equity share, the estimated listing price is ₹55 (+7.8% expected listing gain).

What is the expected profit per lot for ITCONS E-Solutions Limited IPO?

With a lot size of 2000 shares and current GMP of ₹4, the expected profit per application lot is approx ₹8,000 (+7.8% gain). Minimum application cost is approx ₹1,02,000.

What is the issue size and price band for ITCONS E-Solutions Limited IPO?

The ITCONS E-Solutions Limited IPO aggregate issue size is ₹8.67 Crores with an equity price band set at ₹51 to ₹51 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,02,000.

How can I check ITCONS E-Solutions Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 16.79x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.

Where and when will ITCONS E-Solutions Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Cameo Corporate Services Limited) and the BSE status verification website on or around 2023-03-07. Investors can verify status using PAN card or application number.

When is the listing date for ITCONS E-Solutions Limited IPO?

ITCONS E-Solutions Limited shares are scheduled to list on BSE on 2023-03-13.