Infollion Research Services IPO

Infollion Research Services IPO: An SME IPO with 2,616,000 equity shares with a face value of ₹10 and a total value of up to ₹21.45 Crores is being offered by Infollion Research Services. The issue price is fixed at ₹80 to ₹82 per share. The IPO consists fresh issue size of 22,24,000 equity shares and offer for sale (OFS) of 3,92,000 equity shares.

Infollion Research Services SME IPO is coming with a fixed share allocation of 12,08,000 shares for Qualified Institutional Buyers (QIB), 4,04,800 Equity Shares for Non-Institutional Investors (NII), 8,70,400 Equity Shares for Retail Individual Investors (RII) and 1,32,800 Equity Shares for market maker.

Infollion Research Services IPO Dates

The shares are intended to be listed on NSE SME, and the initial public offering (IPO) begins on May 29 and ends on May 31, 2023. 1,600 equity shares, representing a minimum investment of Rs. 1.31 lakh, make up the issue’s market lot size.

Infollion Research Services act as a bridge between knowledge providers (gig workers) and employers or knowledge seekers to connect and find synergetic outcomes. The proprietary technology stack and research capabilities empower the Company to assist its clients in connecting with custom-curated, precise, and vetted subject matter experts.

Infollion Research Services IPO Details

Infollion Research Services intends to raise Rs 21.45 crore from its maiden offering where it will sell 26,16,000 equity shares with a face value of Rs 10 each.

IPO DateMay 29, 2023 to May 31, 2023
Listing Date[.]
Face Value₹10 per share
Price₹80 to ₹82 per share
Lot Size1600 Shares
Total Issue Size2,616,000 shares
(aggregating up to ₹21.45 Cr)
Fresh Issue2,224,000 shares
(aggregating up to ₹[.] Cr)
Offer for Sale392,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME

Important Dates of Infollion Research Services IPO

Infollion Research Services IPO opens on May 29, 2023, and closes on May 31, 2023. Holani Consultants is the lead manager to the issue, while Link Intime India has been appointed as the registrar. Shares of the company will be listed at the SME platform of the National Stock Exchange (NSE).

EventTentative Date
Opening DateMonday, 29 May 2023
Closing DateWednesday, 31 May 2023
Basis of AllotmentMonday, 5 June 2023
Initiation of RefundsTuesday, 6 June 2023
Credit of Shares to DematWednesday, 7 June 2023
Listing DateThursday, 8 June 2023

Infollion Research Services IPO Lot Size

The Infollion Research Services IPO lot size is 1600 shares. The company has a fixed lot size of 1,600 equity shares with each lot costing Rs 1,31,200. Retail investors can bid for only a lot or 1,600 equity shares, while HNI investors can bid for a minimum of two lots or 3,200 equity shares costing Rs 2,62,400.

1,32,800 equity shares have been reserved for Holani Consultants, as the market maker portion. Not more than 48.65 per cent of the net offer has been reserved for qualified institutional buyers (QIBs), while 16.30 per cent shares of the net offer will be reserved for non-institutional bidders. Retail investors will get the remaining 35.05 per cent of the net offer.

ApplicationLotsSharesAmount
Retail (Min)11600₹131,200
Retail (Max)11600₹131,200
HNI (Min)23,200₹262,400

Objects of the Infollion Research Services IPO

The company proposes to utilize the net proceeds from the issue towards funding the following objectives:

  • Expansion of current service line in the US and Western European regions
  • Pex-Panel- Adding new categories of freelancers
  • Technology Development
  • General Corporate Purposes

About Infollion Research Services Limited IPO

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.