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

 

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

Infollion Research Services IPO is a Book Built Issue. The IPO total issue size is Rs 21.45 Cr. The Infollion Research Services IPO price is ₹80 to ₹82 per share. The IPO will list on NSE SME.

IPO Date	May 29, 2023 to May 31, 2023
Listing Date	Jun 8, 2023
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 ₹18.24 Cr)
Offer for Sale	392,000 shares of ₹10 (aggregating up to ₹3.21 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Share holding pre issue	7,466,904
Share holding post issue	9,690,904
Market Maker portion	132,800 shares

Infollion Research Services IPO Reservation

Infollion Research Services IPO a total of 2,616,000 shares are offered. QIB: 483,200 (18.47%), RII: 870,400 (33.27%), NII: 404,800 (15.47%).

Anchor Investor Shares Offered	724,800 (27.71%)
Market Maker Shares Offered	132,800 (5.08%)
QIB Shares Offered	483,200 (18.47%)
NII (HNI) Shares Offered	404,800 (15.47%)
Retail Shares Offered	870,400 (33.27%)
Total Shares Offered	2,616,000 (100%)

Infollion Research Services IPO Timetable (Tentative)

Infollion Research Services IPO opens on May 29, 2023, and closes on May 31, 2023.

IPO Open Date	Monday, 29 May 2023
IPO Close 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 minimum lot size of this Infollion Research Services IPO is 1600 shares required is ₹131,200.

Application	Lots	Shares	Amount
Retail (Min)	1	1600	₹131,200
Retail (Max)	1	1600	₹131,200
HNI (Min)	2	3,200	₹262,400

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

Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	848.74	1,606.46	207.65	702.47	700.98	0.00
31-Mar-22	1,181.32	2,220.13	340.66	1,043.12	1,041.64	0.00
31-Mar-23	1,800.55	3,529.92	557.92	1,601.05	854.36	0.00
Amount in ₹ Lakhs

Key Performance Indicator

Infollion Research Services IPO Market Cap is Rs 79.47 Cr and P/E (x) is 14.24.

KPI	Values
P/E (x)	14.24
Market Cap (₹ Cr.)	79.47
ROE	42.20%