Integrated Personnel Services Limited SME IPO

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.


  1. Diversified client base.
  2. Scalable business model with Pan-India presence.
  3. Quality Assurance and Customer Satisfaction.
  4. Experienced management supported by quality human capital.
  5. Deliver impeccable HR solutions along with optimal costing.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
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 DateOct 31, 2022 to Nov 2, 2022
Listing Date[.]
Face Value₹10 per share
Price₹59 per share
Lot Size2000 Shares
Issue Size2,160,000 shares of ₹10
(aggregating up to ₹12.74 Cr)
Fresh Issue2,160,000 shares of ₹10
(aggregating up to ₹12.74 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company PromotersMr. 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.

EventTentative Date
Opening DateOct 31, 2022
Closing DateNov 2, 2022
Basis of AllotmentNov 7, 2022
Initiation of RefundsNov 9, 2022
Credit of Shares to DematNov 10, 2022
Listing DateNov 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).

Retail (Min)12000₹118,000
Retail (Max)12000₹118,000

Integrated Personnel Services IPO Promoter Holding

Pre Issue Share Holding98.61%
Post Issue Share Holding

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.

Company Contact Information

Integrated Personnel Services Limited
14, Whispering Palm
Shopping Center, Lokhandwala
Complex, Kandivali (East), Mumbai 400101
Phone: 022-42300200

Integrated Personnel Services IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

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