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May 29, 2023 - May 31, 2023

Infollion Research Services IPO Subscription Details

Infollion Research Services IPO Subscription Status Live

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 CategorySubscription (times)Shares OfferedShares Bid forTotal Amount (Rs Cr.)*
Qualified Institutions70.72483,2003,41,69,600280.19
Non-Institutional Buyers*560.71404,80022,69,76,0001,861.20
Retail Investors264.10870,40022,98,76,8001,884.99
Employees[.]000
Others[.]000
Total *279.241,758,40049,10,22,4004,026.38

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.


Infollion Research Services IPO (Day-wise) Subscription Details (times)

DateQIBNII*RetailTotal
Day 1
May 29, 2023
0.002.888.634.93
Day 2
May 30, 2023
0.0320.2834.5721.79
Day 3
May 31, 2023
70.72560.71264.10279.24

Infollion Research Services IPO Shares Offered

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.

CategoryShares OfferedAmount (Rs Cr) Size (%)
Anchor Investor724,8005.9427.71%
Market Maker132,8001.095.08%
QIB483,2003.9618.47%
NII*404,8003.3215.47%
Retail870,4007.1433.27%
Total2,616,00021.45100%

Infollion Research Services IPO Anchor Investor Allocation

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 InvestorNo. of Shares AllocatedBid Price Per Share (Rs.)Anchor Investor Portion (%)Total Amount Allocated (Rs.)
1Zinnia Global Fund PCC - Blue Jade Investment Fund363,2008250.1129,782,400
2India Max Investment Fund Limited361,6008249.8929,651,200
724,80010059,433,600

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    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.

  • Non-Institutional Investors(NII)

    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:

    1. sNII (bids below Rs 10L)

      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).

    2. bNII (bids above Rs 10L)

      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).

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    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.

Infollion Research Services IPO Subscription FAQs

The Infollion Research Services IPO is subscribed 279.24 by May 31, 2023.

Infollion Research Services IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional70.72
Non Institutional560.71
Retail Individual264.10
Employee Reservations[.]
Others[.]
Total Subscription279.24

Retail category of Infollion Research Services IPO subscribed 264.10 times as of date May 31, 2023. The public issue closes on May 31, 2023 for bidding.

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.

The Infollion Research Services IPO listing date is Thursday, June 8, 2023. The equity share of Infollion Research Services Limited will list on NSE SME.

Visit Infollion Research Services IPO subscription status page for real-time bidding information about Infollion Research Services IPO.

Infollion Research Services IPO Timetable

IPO Opens OnMay 29, 2023
IPO Closes OnMay 31, 2023
Finalisation of Basis of AllotmentJune 5, 2023
Initiation of RefundsJune 6, 2023
Credit of Shares to Demat AccountJune 7, 2023
IPO Listing DateJune 8, 2023

1 Comments

1. Deepak     Link|May 29, 2023 8:21:31 PM
Infollion Contact Number on its website says - Dialed number does not exist.
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.