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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 ₹82.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,28,000 (1600 shares). The minimum lot size investment for 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 Date | May 29, 2023 to May 31, 2023 |
| Listing Date | June 8, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹80 to ₹82 per share |
| Issue Price Final | ₹82 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 26,16,000 shares (aggregating up to ₹21.45 Cr) |
| Reserved for Market Maker | 1,32,800 shares Holani Consultants Pvt.Ltd. (aggregating up to ₹1.09 Cr) |
| Fresh Issue (Ex Market Maker) | 20,91,200 shares (aggregating up to ₹17.15 Cr) |
| Offer for Sale | 3,92,000 shares of ₹10 (aggregating up to ₹3.21 Cr) |
| Net Offered to Public | 24,83,200 shares (aggregating up to ₹20.36 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 74,66,904 shares |
| Share Holding Post Issue | 96,90,904 shares |
Infollion Research Services IPO offers total 26,16,000 shares. Out of which 12,08,000 (46.18%) allocated to QIB, 4,83,200 (18.47%) allocated to QIB, 4,04,800 (15.47%) allocated to NII, 8,70,400 (33.27%) allocated to RII and 7,24,800 (27.71%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,32,800 (5.08%) |
| QIB Shares Offered | 12,08,000 (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 (15.47%) |
| Retail Shares Offered | 8,70,400 (33.27%) |
| Total Shares Offered | 26,16,000 (100.00%) |
Infollion Research IPO raises ₹5.94 crore from anchor investors. Infollion Research IPO Anchor bid date is May 26, 2023. Infollion Research IPO Anchor Investors list
| Bid Date | May 26, 2023 |
| Shares Offered | 7,24,800 |
| Anchor Portion Size (In Cr.) | 5.94 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 5, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 3, 2023 |
Infollion Research IPO opens on May 29, 2023, and closes on May 31, 2023.
| IPO Open Date | Mon, May 29, 2023 |
| IPO Close Date | Wed, May 31, 2023 |
| Tentative Allotment | Mon, Jun 5, 2023 |
| Initiation of Refunds | Tue, Jun 6, 2023 |
| Credit of Shares to Demat | Wed, Jun 7, 2023 |
| Tentative Listing Date | Thu, Jun 8, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, May 31, 2023 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 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 | ||||||
The market capitalization of Infollion Research IPO is ₹79.47 Cr.
The company proposes to utilize the net proceeds from the issue towards funding the following objectives:
[Dilip Davda] The company operates in a tech-oriented segment on a B2B model and has created a niche place. It has posted growth in its top and bottom lines for the reported periods. Based on its FY23 earnings, the issue appears reasonably priced. Post listing, it may attract first mover fancy. Investors may park funds for medium to long-term rewards. Read detail review...
| Listing Date | June 8, 2023 |
| BSE Script Code | |
| NSE Symbol | INFOLLION |
| ISIN | INE0NNZ01013 |
| Final Issue Price | ₹82 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹82.00 |
| Open | ₹209.00 |
| Low | ₹198.55 |
| High | ₹218.00 |
| Last Trade | ₹198.55 |
Infollion Research Services Ltd.
80/28,
Malviya Nagar,
New Delhi, New Delhi, 110017
Phone: 9836468248
Email: madhumita.pramanik@infollion.com
Website: http://www.infollion.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: infollionresearch.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Infollion Research IPO is a SME IPO of 26,16,000 equity shares of the face value of ₹10 aggregating up to ₹21.45 Crores. The issue is priced at ₹82 per share. The minimum order quantity is 1600.
The IPO opens on May 29, 2023, and closes on 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 May 29, 2023 and closes on 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 Wednesday, June 7, 2023. Check the Infollion Research IPO allotment status.
The Infollion Research IPO listing date is on Thursday, June 8, 2023.
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