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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.
| IPO Date | May 29, 2023 to May 31, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹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 ₹[.] Cr) |
| Offer for Sale | 392,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 132,800 shares (Holani Consultants) |
| QIB Shares Offered | 483,200 (25.55%) |
| NII (HNI) Shares Offered | 537,600 (28.43%) |
| Retail Shares Offered | 870,400 (46.02%) |
| Total Shares Offered | 1,891,200 |
Note:
Infollion Research Services IPO opens on May 29, 2023, and closes on May 31, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Monday, 29 May 2023 |
| Closing Date | Wednesday, 31 May 2023 |
| Basis of Allotment | Monday, 5 June 2023 |
| Initiation of Refunds | Tuesday, 6 June 2023 |
| Credit of Shares to Demat | Wednesday, 7 June 2023 |
| Listing Date | Thursday, 8 June 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 31, 2023 |
The Infollion Research Services IPO lot size is 1600 shares.
| 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.
| Pre Issue Share Holding | 67.09% |
| Post Issue Share Holding |
| 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 | ||||||
| KPI | Values |
|---|---|
| P/E (x) | 14.24 |
| Market Cap (₹ Cr.) | 79.47 |
| ROE | 42.2 |
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 259.71 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 422.45 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 70.72 |
| NII | 422.45 |
| Retail | 264.10 |
| Total | 259.71 |
Total Application : 143,673 (567.88 times)
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/
SME Company Owners
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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 order quantity is .
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, 5 June 2023, and the allotted shares will be credited to your demat account by Wednesday, 7 June 2023. Check the Infollion Research Services IPO allotment status.
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