Infollion Research Services Limited IPO (Infollion Research Services IPO) Detail

May 29, 2023 - May 31, 2023

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.

Infollion Research Services IPO Details

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 Size2,616,000 shares
(aggregating up to ₹21.45 Cr)
Fresh Issue2,224,000 shares
(aggregating up to ₹[.] Cr)
Offer for Sale392,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Market Maker portion132,800 shares (Holani Consultants)

Infollion Research Services IPO Reservation

QIB Shares Offered483,200 (25.55%)
NII (HNI) Shares Offered537,600 (28.43%)
Retail Shares Offered870,400 (46.02%)
Total Shares Offered1,891,200


  1. Market Maker portion of 132,800 equity shares is added to NII Reservation.
  2. Total Shares offered: QIB+NII+RII.

Infollion Research Services IPO Timetable (Tentative)

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

Infollion Research Services IPO Lot Size

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

Infollion Research Services IPO Promoter Holding

Mr. Gaurav Munjal is the Promoter of the Company.

Pre Issue Share Holding 67.09%
Post Issue Share Holding

Company Financials

Infollion Research Services Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Lakhs

Key Performance Indicator

KPI Values
P/E (x)14.24
Market Cap (₹ Cr.)79.47

Objects of the Issue

The company proposes to utilize the net proceeds from the issue towards funding the following objectives:

  1. Expansion of current service line in the US and Western European regions
  2. Pex-Panel- Adding new categories of freelancers
  3. Technology Development
  4. General Corporate Purposes

Infollion Research Services IPO Review (Apply)

[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...

Infollion Research Services IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Total Application : 143,673 (567.88 times)

Infollion Research Services IPO Rating

Rating:Rated 4.4 stars
Vote Here ...

Company Contact Information

Infollion Research Services Limited
Malviya Nagar,
New Delhi - 110017
Phone: 9836468248
Email: madhumita.pramanik@infollion.com
Website: http://www.infollion.com/

Infollion Research Services IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: infollionresearch.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Infollion Research Services IPO Analysis

Infollion Research Services IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 6 1 0

Read All Reviews Post Your Review Manage Reviews

SME IPO Enquiry

SME Company Owners
We could help you get listed on the stock market.

Contact us Today

Check our SME IPO Guide New

Infollion Research Services IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Infollion Research Services IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Infollion Research Services IPO listing date is not yet announced. The tentative date of Infollion Research Services IPO listing is Thursday, 8 June 2023.
Open an Instant Account with Zerodha

Infollion Research Services IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members