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 |
|---|---|---|
| Revenue from Operations | 3,503.09 | 2198.46 |
| Profit After Tax (PAT) | 557.92 | 340.66 |
| EBITDA | NA | NA |
| EBITDA Margin | NA | NA |
Know before investing
Strengths
3The 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
3The 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.
