Bookbuilding IPO | ₹21 Cr | Listed at NSE SME | Mon, May 29, 2023 - Wed, May 31, 2023
Infollion Research IPO is a book build issue of ₹21.45 crores. The issue is a combination of fresh issue of 0.22 crore shares aggregating to ₹18.24 crores and offer for sale of 0.04 crore shares aggregating to ₹3.21 crores.
Infollion Research IPO bidding started from May 29, 2023 and ended on May 31, 2023. The allotment for Infollion Research IPO was finalized on Jun 5, 2023. The shares got listed on NSE SME on Jun 8, 2023.
Infollion Research IPO price band is set at ₹82 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,31,200 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,62,400.
Holani Consultants Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Holani Consultants Pvt.Ltd..
Refer to Infollion Research IPO RHP for detailed Information.
IPO Open
Mon, May 29, 2023
IPO Close
Wed, May 31, 2023
Issue Price
₹82 per share
Market Cap (Pre-IPO)
₹79.47 Cr
| IPO Date | 29 to 31 May, 2023 |
| Listed on | Thu, Jun 8, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹82 |
| Issue Price | ₹82 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 26,16,000 shares (agg. up to ₹21 Cr) |
| Reserved for Market Maker | 1,32,800 shares Holani Consultants Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 20,91,200 shares (agg. up to ₹17 Cr) |
| Offer for Sale | 3,92,000 shares of ₹10 (agg. up to ₹3 Cr) |
| Net Offered to Public | 24,83,200 shares (agg. up to ₹20 Cr) |
| Share Holding Pre Issue | 74,66,904 shares |
| Share Holding Post Issue | 96,90,904 shares |
| NSE Symbol | INFOLLION |
| ISIN | INE0NNZ01013 |
Infollion Research IPO comprises a total issue size of 26,16,000 shares. The net offer to the public is 24,83,200 shares, after excluding 1,32,800 shares allotted on a firm basis. Of the Net offer 12,08,000 (48.65%) are allocated to QIB, 4,04,800 (16.30%) allocated to NII 8,70,400 (35.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 12,08,000 | 48.65% | 46.18% |
| − Anchor Investor Shares Offered | 7,24,800 | 27.71% | |
| − QIB (Ex. Anchor) Shares Offered | 4,83,200 | 18.47% | |
| NII (HNI) Shares Offered | 4,04,800 | 16.30% | 15.47% |
| Retail Shares Offered | 8,70,400 | 35.05% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,32,800 | 5.08% | |
| Total Shares Offered | 26,16,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,31,200 |
| Retail (Max) | 1 | 1,600 | ₹1,31,200 |
| HNI (Min) | 2 | 3,200 | ₹2,62,400 |
Infollion Research IPO raises ₹5.94 crore from anchor investors. Infollion Research IPO Anchor bid date is May 26, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, May 26, 2023 |
| Shares Offered | 7,24,800 |
| Anchor Portion (₹ Cr.) | 5.94 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jul 5, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Sep 3, 2023 |
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.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 18.01 | 11.81 | 8.49 |
| Total Income | 35.30 | 22.20 | 16.06 |
| Profit After Tax | 5.58 | 3.41 | 2.08 |
| NET Worth | 16.01 | 10.43 | 7.02 |
| Reserves and Surplus | 8.54 | 10.42 | 7.01 |
| Total Borrowing | 0.00 | 0.00 | 0.00 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of current service line in the US and Western European regions. | 6.00 |
| 2 | Pex-Panel- Adding new categories of freelancers. | 4.08 |
| 3 | Technology Development | 3.70 |
| 4 | General Corporate Purposes | 4.14 |
| KPI | |
|---|---|
| ROE | 42.20 |
| PAT Margin | 15.93% |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 14.24 | |
| Promoter Holding | 67.09% | |
| Market Cap | ₹79.47 Cr. |
The Infollion Research Services IPO is subscribed 279.24 times on May 31, 2023 7:29:00 PM (Day 3). The public issue subscribed 264.1 times in the retail category, 70.72 times in the QIB category, and 560.71 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 70.72 | 4,83,200 | 3,41,69,600 |
| NII* | 560.71 | 4,04,800 | 22,69,76,000 |
| Retail | 264.1 | 8,70,400 | 22,98,76,800 |
| Total | 279.24 | 17,58,400 | 49,10,22,400 |
Total Application : 1,43,673
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Managers (including Underwriting commission) | 1.34 |
| 2 | Brokerage, selling commission and upload fees | 0.05 |
| 3 | Advertising and marketing expenses | 0.13 |
| 4 | Fees payable to the Legal Advisors | 0.02 |
| 5 | Fees payable to the Registrar to the Offer | 0.03 |
| 6 | Fees payable to the Regulators including stock exchanges | 0.13 |
| 7 | Brokerage and selling commission payable to Syndicate | |
| 8 | Brokerage and selling commission payable to Registered Brokers | |
| 9 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | |
| 10 | Printing and distribution of Issue stationary | 0.01 |
| 11 | Others (bankers to the offer, auditor’s fees etc.) | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹82.00 |
| Open | ₹209.00 |
| Low | ₹198.55 |
| High | ₹218.00 |
| Last Trade | ₹198.55 |
Lead Manager Reports
Infollion Research IPO is a SME IPO of 26,16,000 equity shares of the face value of ₹10 aggregating up to ₹21 Crores. The issue is priced at ₹82 per share. The minimum order quantity is 1600.
The IPO opens on Mon, May 29, 2023, and closes on Wed, May 31, 2023.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Infollion Research IPO using UPI as a payment gateway. Zerodha customers can apply in Infollion Research IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Infollion Research IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Infollion Research IPO opens on Mon, May 29, 2023 and closes on Wed, May 31, 2023.
Infollion Research IPO lot size is 1600, and the minimum amount required for application is ₹1,31,200.
You can apply in Infollion Research IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Infollion Research IPO will be done on Monday, June 5, 2023, and the allotted shares will be credited to your demat account by Wed, Jun 7, 2023. Check the Infollion Research IPO allotment status.
The Infollion Research IPO listing date is on Thu, Jun 8, 2023.
