Integrated Personnel Services is gearing up for its IPO and here's what you need to know. The company provides customized HR solutions to corporates in India and has a strong presence in over 125 cities. The IPO is set to open on October 31 and will close on November 2, 2022. Here's what you need to know about the IPO, including the price band, market lot, and more.
Integrated Personnel Services IPO Review
Integrated Personnel Services (IPS), a leading human resource management company in India, is set to go public with an initial public offering (IPO) on October 31, 2022. The IPO will close on November 2, 2022.
The IPS Group was founded in 2004 and provides end-to-end HR solutions to corporates across India. It has 11 branch offices and a presence in 125 cities, with a strong focus on recruitment and sourcing.
The company has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in June 2021. The proposed IPO is an offer for sale of up to 1,872,727 equity shares by the promoter selling shareholders.
At the upper end of the price band of Rs 59 per share, the IPS Group’s IPO is seeking to raise Rs 12.74 crore. This will be used to repay certain debts and for general corporate purposes.
The IPS Group’s IPO will be managed by Axis Capital Limited, Edelweiss Financial Services Limited and ICICI Securities Limited.
Integrated Personnel Services IPO GMP Live Rates day by day with Kotak rates.
Integrated Personnel Services (IPS), an end-to-end human resource management company, is set to launch its initial public offering (IPO) on October 31, 2022. The company will offer 2.17 million shares at a price of Rs 59 per share, with a market lot of 2000 shares. The IPO is scheduled to close on November 2, 2022.
The objective of the IPS Group IPO is to raise Rs 12.74 crore through the sale of fresh equity shares. The proceeds will be used towards working capital requirements and general corporate purposes.
Founded in 2004, IPS Group provides customized solutions to corporates across India. The company has a pan-India presence with 11 branch offices and 125 recruiting hubs. It serves clients in diverse sectors such as banking and finance, healthcare, manufacturing, IT/ITES, retail, and others.
Kotak Securities Ltd is the lead manager to the IPS Group IPO.
Integrated Personnel Services IPO Date & Price Band Details
The Integrated Personnel Services IPO will open on October 31, 2022 and will close on November 2, 2022. The price band for the IPO has been set at Rs 59 per share. The minimum bid lot size is 2000 shares.
Kotak Securities Ltd is the lead manager to the IPO.
Integrated Personnel Services IPO Market Lot
The market lot for the Integrated Personnel Services IPO has been set at 2000 shares. This means that investors will need to purchase a minimum of 2000 shares in order to participate in the IPO. The total number of shares being offered in the IPO is 20,60,000 and the company is looking to raise Rs 12.74 crore through the sale of fresh equity shares.
The reason for setting the market lot at 2000 shares could be due to the relatively small size of the IPO. By setting the market lot at 2000 shares, the company is making it easier for retail investors to participate in the IPO. However, this also means that institutional investors are likely to stay away from the IPO as they would need to purchase a large number of shares in order to get exposure to the company.
Another reason for setting the market lot at 2000 shares could be due to the fact that most brokerages require a minimum investment of Rs 1 lakh in an IPO. Thus, by setting the market lot at 2000 shares, the company is ensuring that only investors who are serious about investing in the company will be able to do so.
Overall, setting the market lot at 2000 shares is a positive move by the company as it will allow more retail investors to participate in the IPO. However, it remains to be seen if this will be enough to attract institutional investors.
Integrated Personnel Services IPO Dates
The Integrated Personnel Services IPO will open on October 31, 2022 and close on November 2, 2022. The price per share has been set at Rs 59 and the minimum bid lot size is 2000 shares. Kotak Securities Ltd is the lead manager to the IPO.
The market lot for the Integrated Personnel Services IPO has been set at 2000 shares. This means that investors need to purchase a minimum of 2000 shares to participate in the IPO. The company is looking to raise Rs 12.74 crore through the sale of fresh equity shares.
The reason for setting the market lot at 2000 shares could be due to the relatively small size of the IPO. By setting the market lot at 2000 shares, the company is making it easier for retail investors to participate in the IPO. However, this also means that institutional investors are likely to stay away from the IPO as they would need to purchase a large number of shares to get exposure to the company.
Another reason for setting the market lot at 2000 shares could be due to the fact that most brokerages require a minimum investment of Rs 1 lakh in an IPO. Thus, by setting the market lot at 2000 shares, the company is ensuring that only investors who are serious about investing in the company will be able to do so.
Overall, setting the market lot at 2000 shares is a positive move by the company as it will allow more retail investors to participate in the IPO. However, it remains to be seen if this will be enough to attract institutional investors.
Integrated Personnel Services IPO Form
The Integrated Personnel Services IPO Form will be available on the website of the lead manager to the IPO, Kotak Securities Ltd, from October 31, 2022. The last date for submission of the form is November 2, 2022.
The form can be downloaded from the website and then printed out. Investors will need to fill in their personal details, such as name, address, date of birth, PAN number, etc. They will also need to specify the number of shares they wish to apply for.
After filling in the form, investors will need to submit it to a designated bank branch along with a cheque or demand draft for the amount they wish to invest. The demand draft should be made in favor of 'Kotak Securities Ltd - Integrated Personnel Services IPO'.
The allotment of shares will be done on a first-come-first-served basis and allocations will be done at the discretion of Kotak Securities Ltd. It is important to note that applying for more shares does not guarantee that you will get them all.
If you are successful in getting allotment of shares, you will receive a refund within 10 days from the date of allotment. The refund will be credited to your account through Electronic Clearing Service (ECS) or by cheque/demand draft sent by post.
Integrated Personnel Services Company Financial Report
Integrated Personnel Services (IPS), a human resource management company, was founded in 2004 and has its headquarters in Mumbai, India. The company has 11 branch offices and provides customized solutions to corporates in 125 cities across the country.
IPS went public with an initial public offering (IPO) on October 31, 2022 and raised ₹12.74 crore through the sale of 2 million shares at a price of ₹59 per share. The IPO was well-received by investors and was oversubscribed 1.5 times.
The company's financial performance has been impressive in recent years. For the fiscal year ended March 31, 2021, IPS reported revenue of ₹632 crore, up from ₹532 crore in the previous year. Net profit for the year came in at ₹53 crore, up from ₹43 crore in 2020.
The company's strong financial performance is due to the growing demand for its services as more and more companies look to outsource their human resource functions. IPS is well-positioned to capitalize on this trend and continue to grow at a rapid pace in the coming years.
Integrated Personnel Services IPO Valuation – FY2022
Integrated Personnel Services (IPS), also known as the IPS Group, is set to launch its Initial Public Offering (IPO) on October 31, 2020. The company will offer 12,740,000 equity shares at a price of Rs 59 per share. The IPO will close on November 2, 2022.
This move by the company comes as it looks to raise Rs 1,274 crore through the public offering. Of this amount, Rs 120 crore will be used for working capital requirements and general corporate purposes while the remaining Rs 1,154 crore will be utilised towards repayment of certain borrowings availed by the company.
Founded in 2004, IPS provides end-to-end human resource management solutions to corporates in India. It has a network of 11 branch offices across 125 cities in India and offers its services to clients across various sectors including IT/ITes, BFSI, Manufacturing, Retail and FMCG among others.
As per its latest financials available for FY 2020, IPS posted total revenue of Rs 516 crore with a net profit of Rs 33 crore. For the nine months ended December 31, 2020, the company’s total revenue stood at Rs 402 crore with a net profit of Rs 25 crore.
At its current price band of Rs 59 per share, IPS is seeking a market valuation of Rs 1,092 crore. This values the company at 21x its FY2020 earnings and 5x its FY2020 book value.
Peer Group
The human resource management (HRM) industry in India is growing at a rapid pace with the country's economy expected to expand significantly in the coming years. This growth is being driven by various factors such as the increasing number of working women, the expansion of the formal sector and the rise of the middle class.
According to a report by KPMG, the HRM industry in India is expected to grow from Rs 1,395 crore in FY2016 to Rs 3,415 crore by FY2022, at a compound annual growth rate (CAGR) of 19.1%.
Within this industry, IPS competes with a number of large and well-established players such as Quess Corp, Randstad India andTeamLease Services. These companies are all listed on stock exchanges and have market capitalisations that range from Rs 4,500 crore to Rs 18,000 crore.
In terms of financials, IPS is significantly smaller than its listed peers with a FY2020 revenue of Rs 716 crore and a net profit of Rs 47 crore. However, it has been growing at a much faster pace with its revenue and profit doubling between FY2017 and FY2020.
Company Promoters
The company is promoted by Mr. Rajendar Sunkara and Mrs. Jyoti Sunkara. Mr. Rajendar Sunkara, aged 58 years, is the Managing Director of the Company. He has been associated with the Company since its incorporation. Mrs. Jyoti Sunkara, aged 54 years, is the Joint Managing Director of the Company and she has also been associated with the Company since its incorporation.
Both Mr. Rajendar Sunkara and Mrs. Jyoti Sunkara are well experienced in human resource management and have worked with various companies in India and abroad before starting IPS. They have also received numerous awards and recognition for their work in this field.
Integrated Personnel Services IPO Registrar
The registrar for the Integrated Personnel Services IPO is KFin Technologies Private Limited.
KFin Technologies is a leading provider of financial technology solutions in India. It offers a comprehensive range of services that include initial public offerings, share sales, private placements, and debt issuances.
KFin has worked on some of the biggest IPOs in India, including those ofReliance Jio Infocomm, HDFC Asset Management Company, and Bandhan Bank.
KFin Technologies was founded in 1999 and is headquartered in Mumbai.
Integrated Personnel Services IPO Allotment Status
The allotment of shares in an IPO is done through a randomised computerised ballot system. The basis of the allotment is usually the number of shares applied for by the investor multiplied by the lot size. For example, if an investor applies for 10 lots of shares, they will be allotted 10 x 2,000 = 20,000 shares if they are successful in the ballot.
The allotment of shares in an IPO is done on a first-come, first-served basis, with priority given to those who have applied for more shares. Therefore, it is important for investors to apply for as many shares as possible to increase their chances of being allotted shares in the IPO.
The allotment of shares in an IPO is done at the price at which the IPO was launched. This means that investors who are allotted shares will pay the same price per share as those who applied for shares in the IPO.
The allotment of shares in an IPO is usually finalised within 10-15 days from the closing date of the IPO. Investors who have been allotted shares will be informed by their broker or depository participant and will be required to make payment for the shares within three days from the date of allotment.
Once payment has been made, investors will be issued a share certificate within six weeks from the date of allotment. Those who have applied for Shares under SEBI's ASBA facility will have their application money blocked until such time as they are allotted shares or they cancel their application.
Integrated Personnel Services IPO Lead Managers
Integrated Personnel Services (IPS) has appointed Link Intime India Private Limited as the registrar for its upcoming initial public offering (IPO). The firm will also act as the lead manager to the issue.
This will be IPS Group's maiden public issue and it aims to raise Rs 12.74 crore through the sale of fresh shares. The price band for the IPO has been fixed at Rs 59 per share. The minimum lot size for application is 2000 shares and the offer will close on November 2, 2022.
The company was founded in 2004 and provides end-to-end human resource management solutions to corporates in India. It has a PAN-India presence with 11 branch offices and 125 recruitment centres across the country.
Some of the notable clients of IPS Group include Aditya Birla Fashion and Retail, Berger Paints, Bosch, Godrej Consumer Products, Hindustan Unilever, ITC Limited, Mahindra & Mahindra, Maruti Suzuki, Tata Motors, and Vodafone Idea.
Company Address
Integrated Personnel Services is a leading human resource management company in India. The company provides customized solutions to various corporates in India. It has 11 branch offices across 125 cities in the country. The company was founded in 2004 and is headquartered in Mumbai.
Integrated Personnel Services IPO FAQs
Here are some potential questions that could be answered in this section:
1. What is the date of the Integrated Personnel Services IPO?
2. What is the price band for the Integrated Personnel Services IPO?
3. How many shares are being offered in the Integrated Personnel Services IPO?
4. What is the lot size for the Integrated Personnel Services IPO?
5. What is the expected share price of the Integrated Personnel Services IPO?
6. What is the listing date for the Integrated Personnel Services IPO?
7. When will allotment of shares be made for the Integrated Personnel Services IPO?
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