Infollion Research Services IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: May 31, 2023Let’s have a detailed review of the company and analytics of the Infollion Research Services IPO release date, IPO offer price, subscription, Infollion Research Services Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 80 to Rs 82 |
| Listing At | NSE, SME |
| Min. Order Quantity | 1600 Shares |
| Listing Date | 8 June 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 2,145 Lakh |
| Tick Size | 1 |
Infollion Research Services IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Infollion Research Services Share Price |
Infollion Research Services IPO – Summary
Their company was originally formed & incorporated as a Private Limited Company in Delhi under the Companies Act, 1956 under the name and style of “Infollion Research Services Private Limited” vide certificate of incorporation dated September 09, 2009
They bear Corporate Identity Number U73100DL2009PTC194077 issued by the Registrar of Companies, National Capital Territory of Delhi & Haryana. Subsequently, their company was converted into a Public Limited Company vide a special resolution passed by their shareholders.
The Promoter of this company is Mr Gaurav Munjal. The lead manager of the issue is HOLANI CONSULTANTS PRIVATE LIMITED, and the Registrar of this issue is LINK INTIME INDIA PRIVATE LIMITED.
Infollion Research Services IPO Date
The opening and closing dates of Infollion Research Services IPO are 29 May 2023 and 31 May 2023 respectively.
Infollion Research Services IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 29th May | 0.00x | 2.41x | 8.63x | 4.66x |
| 2nd Day – 30th May | 0.03x | 15.52x | 34.57x | 20.33x |
| 3rd Day – 31st May | 70.72x | 422.45x | 264.10x | 259.71x |
| Shares Offered or Net Issue | 483,200 | 537,600 | 870,400 | 1,891,200 |
The shares subscribed by the public will be updated here.
Infollion Research Services IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares are pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Infollion Research Services Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | 5 June 2023 |
| Refunds Initiation | 6 June 2023 |
| Credit of Shares to Demat Account | 7 June 2023 |
| Share Listing Date | 8 June 2023 |
Infollion Research Services IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 80 to Rs 82
Infollion Research Services IPO Equity Size
This Initial Public Issue of 2,616,000 Equity Shares of Rs.10 each for cash at a price of Rs 80 to Rs 82 per equity share aggregating to Rs.2,145 Lakh.
Infollion Research Services IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,224,000 Equity Shares of Rs.10/ each.
Issue Size: 2,616,000 Equity Shares of Rs.10 each, aggregating to Rs.2,145 Lakh
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Infollion Research Services IPO – Live Performance
The listing date of this IPO is 8 June 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Infollion Research Services Share Price |
Infollion Research Services IPO Grey Market Premium
The Infollion Research Services Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Infollion Research Services IPO – Company Overview
Their company is their tech-oriented platform and all their Services are rendered to this platform along with the onboarding of the experts who provide services that fulfil the needs of their clients.
Their company is a tech-oriented marketplace, operating in the B2B Human Cloud segment, catering to on-demand contingent hiring and work arrangements with senior management talent, subject matter experts, and high-ranking, seasoned professionals.
They provide a platform for workers or knowledge providers (gig workers) and employers or knowledge seekers to connect and find synergetic outcomes. Their key clients include top-tier Global Management Consulting firms, renowned Private Equity funds, Hedge funds, and mid-tier Corporates.
Their proprietary technology stack and research capabilities empower them to assist their clients in connecting with custom-curated, precise, and vetted subject matter experts.
Infollion Research Services IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 1,800.55 | 1,181.32 | 848.74 |
| *Total Revenue | 3,529.92 | 2,220.13 | 1,606.46 |
| Total Expense | 2830 | 1779.41 | 1337.91 |
| Profit After Tax | 557.92 | 340.66 | 207.65 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 7.74 | 4.56 | 2.78 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 557.92 Lakh, Rs. 340.66 Lakh, and Rs. 207.65 Lakh respectively.
Infollion Research Services IPO – Promoters
The Promoter of this company is:
- Mr Gaurav Munjal
List of Related Parties (Key Managerial Personnel)
- Gaurav Munjal, Managing Director
- Aayara Shaheer, Non-Executive Director
- Munish Bansal, Independent Director
- Piyush Peshwani, Independent Director
Infollion Research Services IPO – Promoters Holding
- Pre-Issue Share Holding – 67.09%
- Post-Issue Share Holding – %
Infollion Research Services IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 26,16,000 Equity Shares aggregating up to Rs.2,145 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,32,800 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 24,83,200 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 8,70,400 Equity Shares |
| Other than Retail Individual Investors | Not more than 4,04,800 Equity Shares |
| Equity Shares outstanding prior to the Issue | 74,66,904 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Infollion Research Services IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Expansion of current service line in the US and Western European regions.
- Pex-Panel- Adding new categories of freelancers.
- Technology Development.
- General Corporate Purposes
Infollion Research Services IPO – Business Strategy
- Continue to Expand the Expert Panel
- Expansion of Business in International Geographies
- New Client & Expert Categories
- Technology Development
Infollion Research Services IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Accomplished Leadership Team.
- Long Lasting Business Relationships.
- Comprehensive Talent Pool.
- Strong Research Capabilities.
- Value Added Services.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 7.74 | 34.85% | 21.44 |
| 31-Mar-22 | 4.56 | 32.66% | – |
| Mar-21 | 2.78 | 29.56% | – |
Infollion Research Services IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Infollion Research Services Limited | 10 | [●] | 7.74 | 34.85% | 3,529.92 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Infollion Research Services IPO Lead Managers
| Lead Managers |
| HOLANI CONSULTANTS PRIVATE LIMITED 401 – 405 & 416 – 418, 4th Floor, Soni Paris Point, Jai Singh Highway, Bani Park, Jaipur – 302016 Tel.: +91 0141 – 2203996 Fax: +91 0141 – 2201259 Website: www.holaniconsultants.co.in Email: ipo@holaniconsultants.co.in Investor Grievance ID: complaints.redressal@holaniconsultants.co.in Contact Person: Mrs Payal Jain SEBI Registration Number: INM000012467 |
Infollion Research Services IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C – 101, 1 st Floor, 247 Park, L.B.Ss. Marg, Vikhroli (West), Mumbai 400083, Maharashtra, India Tel: +91 810 811 4949 Fax: +91 22 4918 6195 Website: www.linkintime.co.in Email: infollionresearch.ipo@linkintime.co.in Investor Grievance ID: infollionresearch.ipo@linkintime.co.in Contact Person: Mr Shanti Gopalkrishnan SEBI Registration Number: INR000004058 |
Infollion Research Services IPO – Other Details
- Statutory Auditor – M/s Sudesh Kumar & Co., Chartered Accountants
- Legal Counsel to the Company – Chir Amrit Corporate LLP
- Bankers to the Company – ICICI Bank Limited and Kotak Mahindra Bank
Infollion Research Services IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Infollion Research Services Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Infollion Research Services IPO Review FAQs
Check out various FAQs related to Infollion Research Services IPO:
What is the Issue Size of Infollion Research Services IPO?
The Company is making an initial public offer of 2,616,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Infollion Research Services IPO?
The price band for this particular IPO ranges between Rs 80 to Rs 82. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Infollion Research Services IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 29 May 2023, while the closing date is set at 31 May 2023.
What is the Infollion Research IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 5 June 2023, refund initiation is on 6 June 2023, credit of shares is on 7 June 2023, and share listing date is on 8 June 2023.
What is the Infollion Research IPO Listing Date?
Shares of this company shall be listed in the exchanges on 8 June 2023. The date, when the listing would be done, is stagnant on 8 June 2023.
Who is the Registrar of Infollion Research IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. LINK INTIME INDIA PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Infollion Research IPO?
Here are the promoters of this IPO – Mr Gaurav Munjal. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Infollion Research IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Infollion Research IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Infollion Research Services Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 557.92, 2022 is 340.66, and 2021 is 207.65.
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