Integrated Personnel Services SME IPO Analysis @ Chanakyanipothi.com,
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Listing: The scrip on 11 Nov. 2022 got listed at Rs. 66.50 as compared to its issue price of Rs. 59
Guidance: HR and Recruitment market in which the company is active is very huge and there is ample space for small as well as large players. The IPO size is somewhat large and yet the retail portion can get oversubscribed by just 513 forms. so, oversubscription is not an issue. The IPO is very attractively priced and there is good scope for strong returns on listing. Apply.
Subscription Trend on Last day | ||
On 2.11.2022 at 5.00 pm | ||
No. of | No. of times | |
Shares offered | Subscribed | |
NII | 1024000 | 14.67 |
Retail | 1026000 | 24.49 |
Total | 2050000 | 19.58 |
Integrated Personnel Services Company Details
Over the last decade, Integrated Personnel Services has been developing its service offering so as to support its clients in their end-to-end HR needs through its bouquet of services under one roof. It has over 11 branch offices for sourcing and recruitment in 128 cities with more than 6,000 Associates deployed as on March 31, 2022. It focuses on people, processes and technology to enhance business productivity by enabling its clients to outsource their staffing requirements and allowing them to focus on operating and growing their core.
The Company started its operations in 2004 with its main focus in the hospitality as the prime sector, followed by the engineering and energy sector in the coming years. To expand its business ambit, the company through Vantage Tech HR Services in 2014 entered into the IT domain by setting up additional branches. From year 2015 onwards, its marketing plan as well as consolidated business and growth strategy have enabled it to bring most of the operations and processes of IPS on one single digital platform. It aims at working on innovative technologies to facilitate its clients and to further expand its business operations.
For more information, click www.integratedpersonnelservices.com
Integrated Personnel Services IPO Details | |
IPO opens on | 31 October 2022 |
IPO closes on | 02 November 2022 |
Issue Type | Book Built Issue IPO |
Issue Size | up to 21,60,000 Shares /Rs 12.744 Crore |
* Fresh Issue | Rs.12.744 Cr approx. |
* Offer for Sale | Up to Rs.0 Cr |
Face Value per share: | Rs. 10 |
Price Band | Rs. 59 |
Employee discount | Rs. 0 per share |
Retail Lot Size | 2000 Shares |
Listing will at | NSE Sme |
Shares offered to | ||
Shares | Rs. (Cr) | |
QIB (00 %) | 0 | 0 |
NII (50 %) | 10,26,000 | 6.37 |
RII (50 %) | 10,26,000 | 6.37 |
Total Shares | 38,21,200 | 12.744 |
Retail portion will be oversubscribed by | 513 | |
Forms | ||
How much Shares to Apply? | ||
Min Retail Application | 2000 Shares | Rs. 118000 |
Max Retail Application | 2000 shares | Rs. 118000 |
Promoters of the IPO
MR. TARANG GOYAL AND MRS.SANDEEP KAUR GOYAL
Objects of the IPO:
to meet the Working Capital Requirement
Integrated Personnel IPO Tentative timetable | |
IPO opens on | 31 October,2022 |
IPO Closes on | 02 November,2022 |
IPO Allotment on | 07 November,2022 |
Unblocking of ASBA | 09 November,2022 |
Credit to Demat Accounts | 10 November,2022 |
Listing on | 11 November,2022 |
Registered Office of Integrated Personnel | |
M/s Gokul Industries Rafaleshvar Industrial Estate, Nr. Rafaleshvar Railway. Track, Morbi, Jambudiya, Dist. Rajkot Gujarat 363642 |
|
Integrated Personnel IPO Lead Managers | |
unistone Capital Pvt. Ltd. | |
Registrar to Integrated Personnel IPO | |
Bigshare Services Pvt Ltd. |
Integrated Personnel IPO Financial & Analytical Ratios | ||||
Year | Total Income | Net Profit | EPS | RoNW |
Rs. Cr | Rs. Cr | Rs. | % | |
2019-20 | 169.30 | 3.11 | 6.16 | 27.63 |
2020-21 | 138.64 | 1.91 | 3.78 | 14.49 |
2021-22 | 169.92 | 4.01 | 7.94 | 23.34 |
Book Value of the Share on | 31.03.2022 | Rs.34.03 | ||
Book Value of the Share | after the IPO | Rs.29 | ||
Offer Price | Rs. 59 |
Ratio Analysis | |
Upper Price Band/last EPS | 14 |
Upper offer price/Book Value Ratio | 1.7 |
Upper offer price/BV after IPO Ratio | – |
Integrated Personnel IPO Peer Comparison: | |||
as on date of DRHP | Total Income Rs. | Net Profit | PE Ratio |
Rs Cr. | Rs. Cr | ||
Aarvi Encon Limited | 13.91 | ||
ANI Integrated Services | 8.85 | ||
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