Incorporated in 2009, “Infollion Research Services Limited” is a tech-oriented marketplace. They are operating in the B2B Human Cloud segment, catering to on-demand contingent hiring and work arrangements with senior management talent, subject matter experts, and high-ranking, seasoned professionals.
In this highly dynamic and ever-evolving world, Infollion is providing a platform for workers or knowledge providers (gig workers) and employers or knowledge seekers to connect and find synergetic outcomes
The client base of Infollion Research includes top-tier Global Management Consulting firms, Hedge funds, Private Equity funds, and mid-tier Corporates.
knowledge seekers and knowledge providers can connect through Phone calls, Personal advisors, On-site Workshops, Knowledge Tours, Consultants, SOW-employees, and so on.
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 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 |
Infollion Research Services IPO Reservation
| QIB Shares Offered | Not more than 48.65% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 16.30% of the Net Offer |
| Retail Shares Offered | Not less than 35.05% of the Net Offer |
| Market Maker portion | 132,800 shares (Holani Consultants) |
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 |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-21 | 848.74 | 1,606.46 | 207.65 | 702.47 | 700.98 |
| 31-Mar-22 | 1,181.32 | 2,220.13 | 340.66 | 1,043.12 | 1,041.64 |
| 31-Mar-23 | 1,800.55 | 3,529.92 | 557.92 | 854.36 | 854.36 |
| Amount in ₹ Lakhs |
Objects of the Issue
The company proposes to utilize the net proceeds from the issue towards funding the following objectives:
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- Expansion of current service line in the US and Western European regions
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- Pex-Panel- Adding new categories of freelancers
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- Technology Development
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- General Corporate Purposes
Infollion Research Services IPO Prospectus
Company Contact Information
Infollion Research Services Limited
80/28,
Malviya Nagar,
New Delhi – 110017
Phone: 9836468248
Email: madhumita.pramanik@infollion.com
Website: http://www.infollion.com/
Infollion Research Services IPO Registrar
Phone: +91-22-4918 6270
Email: infollionresearch.ipo@linkintime.co.in
Website: https://linkintime.co.in/