IPO Details
Bidding Dates
29 May '23 - 31 May '23
Minimum Investment
₹131,200 / 1 Lots (1600 Shares)
Price Range
₹80 - ₹82 per share
Maximum Investment
₹131,200 / 1 Lots (1600 Shares)
Retail Discount
Not Applicable
Issue Size
₹21.45 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |Infollion Research Services IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
May 29, 2023
Closing Date
May 31, 2023
Basis of Allotment
Jun 5, 2023
Initiation of Refunds
Jun 6, 2023
Credit of Shares to Demat
Jun 7, 2023
Listing Date
Jun 8, 2023
UPI Mandatory Expiry Date
May 31, 2023
Infollion Research Services IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1May 29, 2023 |
0.00 | 2.41 | 8.63 | 4.66 |
Day 2May 30, 2023 |
0.01 | 8.33 | 16.60 | 10.01 |
Infollion Research Services IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 0.01 |
| Non-Institutional Buyers | 8.33 |
| Retail Investors | 16.60 |
| Employees | |
| Others | |
| Total | 10.01 |
About Infollion Research Services Limited IPO
Infollion Research Services is a tech-oriented marketplace operating an on-demand B2B human cloud, hiring subject matter experts and high-ranking seasoned professionals. The company offers a platform for workers, subject matter experts, employers, and knowledge-seekers to connect and find synergic outcomes. It operates in the gig economy and provides services such as contingent hiring, temporary workforce management, contracting SOW employees, high-level independent consultation, knowledge tours, etc. The company's promoter is Mr Gaurav Mujal.
Infollion Research Services Limited IPO Details
Infollion Research Services IPO subscription window will remain open from May 29–31, 2023. It is a book-building IPO, with a price band fixed at Rs. 80–82 per share.
The total IPO size is Rs. 21.45 crore, consisting of fresh issues (26.16 lakh) and an offer for the sale of 3.92 lakh equity shares.
Infollion Research Services Limited IPO Objectives
Infollion Research Services has proposed in DRHP to utilise the net proceeds in the following segments:
- To fund the expansion in the USA and Western Europe markets
- For technology development and adding new categories for freelancers
- To meet general corporate purposes
Should you invest in Infollion Research Services Limited?
Here are a few top reasons to consider before investing in the IPO:
- Infollion has a network of 62,194 experts, including 10,573 international experts and 51,621 domestic experts.
- The company aims to become the largest paymaster for senior management talent in every geography.
- It operates in the premium segment of the gig economy.
Competitive Peers
There is no listed company in India that engages in the same business line as Infollion Research Services.
Highlights of Infollion Research Services Ltd.
- The company generates the most revenue from repeat business. Its top 10 clients contributed 87.76% of the revenue from operations in FY2023.
- Expert network expenses are the single most significant cost incurred by the company. In FY23, it spent Rs. 1895.30 lakh on consultancy fees for experts.
Infollion Research Services Company Financials
| Particulars | Year ending March 31, 2023 | Year ending March 31, 2022 | Year ending March 31, 2021 |
|---|---|---|---|
| Revenue from Operations | 3,503.09 | 2198.46 | 1597.01 |
| Profit After Tax (PAT) | 557.92 | 340.66 | NA |
| EBITDA | NA | NA | NA |
| EBITDA Margin | NA | NA | NA |
Know before investing
Strengths
3-
The company has forged long-lasting relationships with its clients and consultants.
-
It has a large pool of seasoned professionals spanning India, Asia, Africa, Europe, and North and South America.
-
It's led by experienced management teams and visionary promoters.
Risks
3-
The business is human-driven, and the company may fail to retain quality.
-
The company’s financial condition and performance may be affected if it increases the cost of engaging, retaining, and paying network members.
-
Its portability depends on identifying, recruiting, maintaining, and engaging network members.
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Infollion Research Services IPO FAQs
The Infollion Research Services Ltd. IPO worth Rs. 21.45 crore opens for subscription on May 29, 2023. The bidding window will remain open for two days. The IPO combines fresh issues and an offer for the sale of equities. The price band for the book building issue is fixed at Rs. 80–82 per share. Retail investors can bid for one lot of 1600 shares.
The Basis of Allotment will be conducted on June 5, 2023.
The lot size for Infollion Research Services Ltd. is 1600 equity shares for one lot.
The IPO subscription window will open on May 29, 2023.
Retail investors can apply for one lot with 1600 shares.
Infollion Research Services Ltd.’s IPO will list on the NSE exchange on June 8, 2023.
It is easy to check the Infollion Research Services Limited IPO allotment status from Angel One’s mobile app. You will have to follow simple steps.
- Log in to the Angel One app
- Validate with an OTP.
- Enter your application number, DP ID, and PAN number into the app
- Click on ‘Submit’
Listing gains cannot be confirmed before the listing of the IPO on the stock exchange, which is June 8, 2023, for Infollion Research Services Ltd.
Yes, under the new system, the money isn’t debited until the stocks are allotted to you. It will remain blocked in your account, though, until the process is complete.
Complete the transaction by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
The minimum order size for the Infollion Research Services IPO is 1600 shares per lot.
