Incorporated in 2004, Integrated Personnel Services (IPS Group) is an end to end human resource management company providing customized solutions to various corporates in India.
The company’s range of services has been divided under the following business heads:
1. Raising (Executive Search, Recruitment process and IT Staffing)
2. Leasing (Flexi Staffing, Staffing for Infrastructure Domain, Sales Staffing Services)
3. Management (Payroll & Compliance Management, Training & Development of resources/ performance management/ HR policy implementation)
IPS Group has over 11 branch offices for sourcing and recruitment in 128 cities with more than 6,000 Associates deployed on March 31, 2022. The company’s branch offices are across major cities in India, including Mumbai, Delhi, Kolkata, Chennai, Bengaluru, Hyderabad, Ahmedabad, Noida, Bhopal and Pune among others.
Strengths:
- Diversified client base.
- Scalable business model with Pan-India presence.
- Quality Assurance and Customer Satisfaction.
- Experienced management supported by quality human capital.
- Deliver impeccable HR solutions along with optimal costing.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 4546.67 | 16929.97 | 311.08 | 1125.7 | 621.05 | 2387.17 |
| 31-Mar-21 | 4670.41 | 13864.1 | 190.7 | 1316.4 | 811.75 | 2487.07 |
| 31-Mar-22 | 5303.34 | 16992.09 | 400.86 | 1717.27 | 1212.61 | 2845.18 |
| 30-Jun-22 | 5541.14 | 4513.53 | 83.16 | 1800.43 | 1295.78 | 3172.63 |
| Amount in ₹ Lakhs |
Objects of the Issue
The company intend to utilize the proceeds of the Issue to meet the following objects:
1. To meet the working capital requirements
2. General Corporate Purposes
3. To meet the issue expenses
Integrated Personnel Services IPO Details
| IPO Date | Oct 31, 2022 to Nov 2, 2022 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹59 per share |
| Lot Size | 2000 Shares |
| Issue Size | 2,160,000 shares of ₹10 (aggregating up to ₹12.74 Cr) |
| Fresh Issue | 2,160,000 shares of ₹10 (aggregating up to ₹12.74 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Tarang Goyal and Mrs. Sandeep Kaur Goyal are the company promoters. |
Integrated Personnel Services IPO Tentative Timetable
Integrated Personnel Services IPO opens on Oct 31, 2022, and closes on Nov 2, 2022. The Integrated Personnel Services IPO bid date is from Oct 31, 2022 10.00 A.M. to Nov 2, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Oct 31, 2022 |
| Closing Date | Nov 2, 2022 |
| Basis of Allotment | Nov 7, 2022 |
| Initiation of Refunds | Nov 9, 2022 |
| Credit of Shares to Demat | Nov 10, 2022 |
| Listing Date | Nov 11, 2022 |
Integrated Personnel Services IPO Lot Size
The Integrated Personnel Services IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹118,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹118,000 |
| Retail (Max) | 1 | 2000 | ₹118,000 |
Integrated Personnel Services IPO Promoter Holding
| Pre Issue Share Holding | 98.61% |
| Post Issue Share Holding | 69.05% |
Integrated Personnel Services IPO Review
The company is operating in a highly competitive and fragmented segment. It has posted an average performance so far. Based on its financial data, the issue is fully priced. Risk seeker/cash surplus investors may consider a moderate investment with a long-term perspective. Read detail review…
Integrated Personnel Services IPO Subscription Status (Bidding Detail)
The Integrated Personnel Services IPO is subscribed 19.58 times on Nov 2, 2022 7:00:00 PM. The public issue subscribed 24.49 times in the retail category, times in the QIB category, and 14.67 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 14.67 |
| Retail | 24.49 |
| Total | 19.58 |
Integrated Personnel Services IPO Prospectus
Company Contact Information
Integrated Personnel Services Limited
14, Whispering Palm
Shopping Center, Lokhandwala
Complex, Kandivali (East), Mumbai 400101
Phone: 022-42300200
Email: cs@ipsgroup.co.in
Website: http://www.integratedpersonnelservices.com/
Integrated Personnel Services IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com