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Infollion Research Services IPO subscribed 279.24 times. The public issue subscribed 264.10 times in the retail category, 70.72 times in QIB, and 560.71 times in the NII category by May 31, 2023 (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares Bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Qualified Institutions | 70.72 | 483,200 | 3,41,69,600 | 280.19 |
| Non-Institutional Buyers* | 560.71 | 404,800 | 22,69,76,000 | 1,861.20 |
| Retail Investors | 264.10 | 870,400 | 22,98,76,800 | 1,884.99 |
| Employees | [.] | 0 | 0 | 0 |
| Others | [.] | 0 | 0 | 0 |
| Total * | 279.24 | 1,758,400 | 49,10,22,400 | 4,026.38 |
Total Application : 143,673 (567.88 times)
Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.
* Market Maker portion of 132,800 equity shares not included.
| Date | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 May 29, 2023 | 0.00 | 2.88 | 8.63 | 4.93 |
| Day 2 May 30, 2023 | 0.03 | 20.28 | 34.57 | 21.79 |
| Day 3 May 31, 2023 | 70.72 | 560.71 | 264.10 | 279.24 |
Infollion Research Services IPO is a public issue of 2,616,000 equity shares. The issue offers 870,400 shares to retail investors, 483,200 shares to qualified institutional buyers, and 404,800 shares to non-institutional investors.
| Category | Shares Offered | Amount (Rs Cr) | Size (%) |
|---|---|---|---|
| Anchor Investor | 724,800 | 5.94 | 27.71% |
| Market Maker | 132,800 | 1.09 | 5.08% |
| QIB | 483,200 | 3.96 | 18.47% |
| NII* | 404,800 | 3.32 | 15.47% |
| Retail | 870,400 | 7.14 | 33.27% |
| Total | 2,616,000 | 21.45 | 100% |
A total of 724,800 shares at a price of Rs 82 per share will be allotted to the anchor investors.
| S.No. | Name of Anchor Investor | No. of Shares Allocated | Bid Price Per Share (Rs.) | Anchor Investor Portion (%) | Total Amount Allocated (Rs.) |
|---|---|---|---|---|---|
| 1 | Zinnia Global Fund PCC - Blue Jade Investment Fund | 363,200 | 82 | 50.11 | 29,782,400 |
| 2 | India Max Investment Fund Limited | 361,600 | 82 | 49.89 | 29,651,200 |
| 724,800 | 100 | 59,433,600 |
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
A category of eligible employees who have a reserved quota in the IPO.
A category of eligible shareholders or other investors who have a reserved quota in the IPO.
What is the difference between RII, NII, QIB and Anchor Investor?
Disclaimer: The above information / data is sourced from National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites and is subject to change in real time. For latest information / data, please refer to the respective websites. The information / data provided here in is for informational purposes only and is provided by Chittorgarh.com on "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. Chittorgarh.com does not warrant the accuracy, adequacy or completeness of the information you obtain through the above websites. Chittorgarh.com shall not be liable in any way for any discrepancies, errors, omissions, losses or damage. Chittorgarh.com, including its affiliates and its directors, staff and employees, shall not be liable for any loss, damage of any kind, including but not limited to direct, indirect, punitive, exemplary, consequential damages and lost profits arising in any way out of the use of information / data obtained through the said websites. The recipient alone is fully responsible / liable for any decision made based on this information / data. All recipients, before relying on the said information, should do their own research and seek appropriate professional advice.
The Infollion Research Services IPO is subscribed 279.24 by May 31, 2023.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutional | 70.72 |
| Non Institutional | 560.71 |
| Retail Individual | 264.10 |
| Employee Reservations | [.] |
| Others | [.] |
| Total Subscription | 279.24 |
An investor can apply in Infollion Research Services IPO online via bank (using ASBA) or the broker (using UPI). The Infollion Research Services IPO shares are offered online only.
The Infollion Research Services IPO is subscribed 279.24 by May 31, 2023.
The Infollion Research Services IPO allotment status is expected on or around June 5, 2023. Visit Infollion Research Services IPO allotment status to check.
Visit Infollion Research Services IPO subscription status page for real-time bidding information about Infollion Research Services IPO.
| IPO Opens On | May 29, 2023 |
| IPO Closes On | May 31, 2023 |
| Finalisation of Basis of Allotment | June 5, 2023 |
| Initiation of Refunds | June 6, 2023 |
| Credit of Shares to Demat Account | June 7, 2023 |
| IPO Listing Date | June 8, 2023 |
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RHP
https://infollion.com/#!/contact-us
+91 (124) 440-6555
Not sure how the company expect the clients to reach out to them.
This is also aligned to the MD sharing 85% revenue coming from only 10 customers (yes you read it right only 10 customers).
Second expert onboarding has no FAQ on how is the workflow, hourly rates, fee for Infollion works.
Certainly very low on maturity of process.