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Infollion Research Services IPO is a book built issue of Rs 21.45 crores. The issue is a combination of fresh issue of 22.24 lakh shares aggregating to Rs 18.24 crores and offer for sale of 3.92 lakh shares aggregating to Rs 3.21 crores.
Infollion Research Services IPO bidding started from May 29, 2023 and ended on May 31, 2023. The allotment for Infollion Research Services IPO was finalized on Monday, June 5, 2023. The shares got listed on NSE SME on June 8, 2023.
Infollion Research Services IPO price band is set at ₹80 to ₹82 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹131,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹262,400.
Holani Consultants Private Limited is the book running lead manager of the Infollion Research Services IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Infollion Research Services IPO is Holani Consultants.
Refer to Infollion Research Services IPO RHP for detailed information.
| IPO Date | May 29, 2023 to May 31, 2023 |
| Listing Date | June 8, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹82 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,616,000 shares (aggregating up to ₹21.45 Cr) |
| Fresh Issue | 2,224,000 shares (aggregating up to ₹18.24 Cr) |
| Offer for Sale | 392,000 shares of ₹10 (aggregating up to ₹3.21 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,466,904 |
| Share holding post issue | 9,690,904 |
| Market Maker portion | 132,800 shares Holani Consultants |
Infollion Research Services IPO offers 2,616,000 shares. 483,200 (18.47%) to QIB, 404,800 (15.47%) to NII, 870,400 (33.27%) to RII 724,800 (27.71%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 724,800 (27.71%) |
| Market Maker Shares Offered | 132,800 (5.08%) |
| QIB Shares Offered | 483,200 (18.47%) |
| NII (HNI) Shares Offered | 404,800 (15.47%) |
| Retail Shares Offered | 870,400 (33.27%) |
| Total Shares Offered | 2,616,000 (100%) |
Infollion Research Services IPO raises Rs 5.94 crore from anchor investors. Infollion Research Services IPO Anchor bid date is May 26, 2023. Infollion Research Services IPO Anchor Investors list
| Bid Date | May 26, 2023 |
| Shares Offered | 724,800 |
| Anchor Portion Size (In Cr.) | 5.94 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 5, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 3, 2023 |
Infollion Research Services IPO opens on May 29, 2023, and closes on May 31, 2023.
| IPO Open Date | Monday, May 29, 2023 |
| IPO Close Date | Wednesday, May 31, 2023 |
| Basis of Allotment | Monday, June 5, 2023 |
| Initiation of Refunds | Tuesday, June 6, 2023 |
| Credit of Shares to Demat | Wednesday, June 7, 2023 |
| Listing Date | Thursday, June 8, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 31, 2023 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹131,200 |
| Retail (Max) | 1 | 1600 | ₹131,200 |
| HNI (Min) | 2 | 3,200 | ₹262,400 |
| Lot Size Calculator | |||
Mr. Gaurav Munjal is the Promoter of the Company.
| Share Holding Pre Issue | 67.09% |
| Share Holding Post Issue |
Incorporated in 2009, Infollion Research Services is a B2B marketplace. They are operating in the B2B Human Cloud segment, catering to on-demand contingent hiring of subject matter experts. They provide a platform for workers or knowledge providers (gig workers) and employers or knowledge seekers to connect with each other.
Key clients include top-tier Global Management Consulting firms, renowned Private Equity funds, Hedge funds, and mid-tier Corporates.
They operate in the premium segment of the gig-economy and are one of the leading enablers of contingent hiring, temporary workforce management, contracting SOW-employees, high-level independent consultations, knowledge tours, and more.
Their direct competitors are other expert networks and freelancing platforms, while indirectly they compete with staffing firms.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-21 | 848.74 | 1,606.46 | 207.65 | 702.47 | 700.98 | 0.00 |
| 31-Mar-22 | 1,181.32 | 2,220.13 | 340.66 | 1,043.12 | 1,041.64 | 0.00 |
| 31-Mar-23 | 1,800.55 | 3,529.92 | 557.92 | 1,601.05 | 854.36 | 0.00 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Infollion Research Services IPO is Rs 79.47 Cr.
| KPI | Values |
|---|---|
| ROE | 42.20% |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 14.24 |
The company proposes to utilize the net proceeds from the issue towards funding the following objectives:
[Dilip Davda] The company operates in a tech-oriented segment on a B2B model and has created a niche place. It has posted growth in its top and bottom lines for the reported periods. Based on its FY23 earnings, the issue appears reasonably priced. Post listing, it may attract first mover fancy. Investors may park funds for medium to long-term rewards. Read detail review...
The Infollion Research Services IPO is subscribed 279.24 times on May 31, 2023 7:29:00 PM. The public issue subscribed 264.10 times in the retail category, 70.72 times in the QIB category, and 560.71 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 70.72 |
| NII | 560.71 |
| Retail | 264.10 |
| Total | 279.24 |
Total Application : 143,673 (567.88 times)
| Listing Date | June 8, 2023 |
| BSE Script Code | |
| NSE Symbol | INFOLLION |
| ISIN | INE0NNZ01013 |
| Final Issue Price | ₹82 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹82.00 |
| ₹209.00 |
| ₹198.55 |
| ₹218.00 |
| ₹198.55 |
Infollion Research Services Limited
80/28,
Malviya Nagar,
New Delhi - 110017
Phone: 9836468248
Email: madhumita.pramanik@infollion.com
Website: http://www.infollion.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: infollionresearch.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Check our SME IPO Guide 
Infollion Research Services IPO is a SME IPO of 2,616,000 equity shares of the face value of ₹10 aggregating up to ₹21.45 Crores. The issue is priced at ₹80 to ₹82 per share. The minimum order quantity is 1600 Shares.
The IPO opens on May 29, 2023, and closes on May 31, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Infollion Research Services IPO using UPI as a payment gateway. Zerodha customers can apply in Infollion Research Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Infollion Research Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Infollion Research Services IPO opens on May 29, 2023 and closes on May 31, 2023.
Infollion Research Services IPO lot size is 1600 Shares, and the minimum amount required is ₹131,200.
You can apply in Infollion Research Services IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Infollion Research Services IPO will be done on Monday, June 5, 2023, and the allotted shares will be credited to your demat account by Wednesday, June 7, 2023. Check the Infollion Research Services IPO allotment status.
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