Integrated Personnel Services (IPS Group), founded in 2004, is an end-to-end human resource management firm that provides customized solutions to various corporates in India.
The services provided by the company have been classified as follows:
- Raising (Executive Search, Recruitment process and IT Staffing)
- Renting (Flexi Staffing, Staffing for Infrastructure Domain, Sales Staffing Services)
- Management (Payroll and compliance management, resource training and development, performance management, and HR policy implementation)
As March 31, 2022, Integrated Personnel Services Group have over 11 branch offices for sourcing and recruitment in 128 cities, with over 6,000 Associates deployed.
The company has branch offices in major Indian cities such as Mumbai, Delhi, Kolkata, Chennai, Bengaluru, Hyderabad, Ahmedabad, Noida, Bhopal, and Pune.
Key Strengths :
- Clientele is diverse.
- Scalable business model with a presence across India.
- Customer satisfaction and quality assurance
- Quality human capital supports experienced management.
- Provide excellent HR solutions while keeping costs to a minimum.
Objects of the Issue :
- 1. To meet the requirements for working capital
- 2. General Corporate Goals
- 3. To cover the costs of the issue
IPO Tentative Timetable :
The IPO for Integrated Personnel Services begins on October 31, 2022 and ends on November 2, 2022. The Integrated Personnel Services IPO bid period runs from October 31, 2022 at 10:00 a.m. to November 2, 2022 at 5:00 p.m. The deadline for UPI Mandate confirmation is 5 p.m. on the day the issue closes.
IPO Lot Size :
The IPO lot size for Integrated Personnel Services is 2000 shares. Individual retail investors can apply for up to 1 lot (2000 shares or ₹118,000).
| Application | Lots | Shares | Amount |
| Retail (Min.) | 1 | 2000 | ₹118,000 |
| Retail (Max.) | 1 | 2000 | ₹118,000 |
IPO Details :
| 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. |
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