Home » The Upcoming Initial Public Offerings(IPO)

The Upcoming Initial Public Offerings(IPO)

The Upcoming Initial Public Offerings(IPO)

The upcoming initial public offerings(IPO) are-

ITCONS E-Solutions Limited-

ITCONS E-Solutions Limited is in the business of providing human resource services to both public and private organizations mostly in the organized sector. The services primarily include manpower supply/recruitment Services; and manpower sourcing/staffing services.

Incorporated in 2007, the company has grown to an 800+ staff team (including contractual employees). It has well-known and reputed clients from the information technology, staffing & recruitment, food, FMCG space, which also includes MNCs as clients. The manpower supply services account for a majority of its revenues, and the manpower sourcing services contribute to the rest of the revenues. Since its Incorporation, ITCONS E-Solutions Limited 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. For better operational efficiency, the range of services has been divided under the following business heads:

• IT Staffing

• General Staffing

• Re-badging

• Recruitment Process Outsourcing

• Pass through Services

• Payroll Services

• Managed IT Services

• Product Installation & Servicing Solutions

The promoters of the company are Mr. Gaurav Mittal and Mrs. Swati Jain. The objectives of the offer are to meet the working capital requirement, issue expenses, and general corporate purposes. Listing would enhance the brand image of the company.

The company had revenues of Rs 8.34 crore with a profit of 10.57 lakhs (Year ended March 31, 2020), revenues of Rs. 8.42 crores with a profit of Rs. 7.53 lakhs (Year ended March 31, 2021), and revenue of Rs. 18.20 crores with a net profit of Rs. 1.19 crore (Year ended March 31, 2022).

RESGEN Limited-

RESGEN Limited was established in 2018, headquartered in Mumbai, with a vision to make environment-saving projects commercially viable and highly scalable. The amounts of plastics that we use cause various environmental hazards. Building sustainable steps toward a healthier environment need immediate attention. ResGen was founded on the idea of using plastic waste and converting it into a substitute for fuel. The company has come up with an ingenious, eco-friendly solution, which uses each by-product to increase efficiency.

Resgen is engaged in the process of manufacturing Pyrolysis Oil (a substitute for furnace oil) from all kinds of waste plastics, which is named PlasEco. During the manufacturing of PlasEco, the company is able to repurpose the by-products generated, such as carbon, which substitutes for coal; and gas, which substitutes for LPG. The company has set up a Chemical Recycling Plant in Vikramgad (Palghar), Maharashtra, considering its proximity to the Municipal Corporations of Mumbai, Thane, Kalyan & Dombivli. The major by-products are combustible liquid and gaseous fuel, it can replace diesel or furnace oils, which will directly reduce the need and impact of combustible fuel resources.

ResGen is set to become one of the world leaders in chemical recycling, with more precise custom pyrolysis solutions already in development. It is working towards the circular plastic economy through 2 plastic initiatives; diverting waste from landfills and oceans, and boosting local economies through job creation.

The promoters of the Company are Mr. Karan Atul Bora and Mr. Kunal Atul Bora. The net proceeds from the issue would be utilized towards working capital requirements, the purchase of land, and general corporate purposes.

The company had revenues of Rs 2 lakhs with a profit of 0.63 lakhs (Year ended March 31, 2021), revenues of Rs. 4.80 crores with a profit of Rs. 1.04 crore (Year ended March 31, 2022).

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