Infollion Research Services, incorporated on September 09, 2009, is a tech-oriented marketplace operating in the B2B human cloud segment. It specializes in on-demand contingent hiring and work arrangements with senior management talent, subject matter experts, and seasoned professionals. The company operates through the platform www.infollion.com.
| Bidding Dates |
|---|
| 29 May 2023 - 31 May 2023 |
| Subscription |
|---|
| 259.05x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,31,200 | 1 | 1 | 1600 | 2.6 M | ₹80 - ₹82 | 73.01 % | ₹209.3 M - ₹214.5 M | RHP DOC |
Infollion Research IPO SUBSCRIPTION STATUS
31 May '23Infollion Research IPO overall subscription rate was 259.05 times the total available shares
Infollion Research IPO retail subscription rate was 345.49 times in the retail segment
Infollion Research IPO non-institutional investor subscription rate was 800.38 times in the non-institutional investor category
Infollion Research IPO Qualified Institutional Bidder subscription rate was 36.14 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
31 May 2023 (Day 3) | 345.49x | 800.38x | 36.14x |
30 May 2023 (Day 2) | 44.46x | 29.4x | 0.01x |
29 May 2023 (Day 1) | 10.98x | 4.51x | 0x |
Infollion Research FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 55.8 | 350.3 | 24.7 | 24.7 | 20.1% |
| FY22 | 34.1 | 219.8 | 5.2 | 5.0 | 20.1% |
| FY21 | 20.8 | 159.7 | 18.8 | 18.7 | 17.0% |
Infollion Research IPO SUBSCRIPTION STATUS DETAILS
Infollion Research had 2.6 M shares on offer
Infollion Research IPO offer price was in the range ₹80 - ₹82
Infollion Research IPO minimum Investment was ₹131200
Infollion Research IPO issue size was ₹ 209.3 M - ₹ 214.5 M
Infollion Research had a minimum lot size of 1600 Shares per application
Infollion Research NUMBER OF SHARES ON OFFER
Infollion Research IPO IMPORTANT DATES
| Issue Open Date | 29 May 2023 |
| Issue close Date | 31 May 2023 |
| Allotment Date | 05 Jun 2023 |
| Refund Date | 06 Jun 2023 |
| Demat Account Credit Date | 07 Jun 2023 |
| Listing Date | 08 Jun 2023 |
| Listing on Exchange(s) | NSE |
| Infollion Research Allotment Status | Exchange |
Infollion Research IPO subscription opened on 29 May 2023, and closed on 31 May 2023
IPO allotment for Infollion Research was finalized on Monday, 05 Jun 2023
IPO listing for Infollion Research was on NSE on Thursday, 08 Jun 2023
Infollion Research IPO LISTING GAINS
| Issue Price (adjusted) | 82.0 |
| Listing Open Price | 209.0 |
| Listing Close Price | 198.6 |
| Listing Gain% | 154.9% |
| Current Gain% | 96.5% |
Infollion Research Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Infollion Research Services Ltd. | 161.2 | 156.2 | 12.3 | 6 | 1.5 | 18.9 | 17.9 | 103 | 29.5 | 12.7 | 2.2 | 13.1 | 2.1 |
| Sagility Ltd. | 43.7 | 20443.4 | 20.6 | 0.4 | 2.7 | 9.6 | 7.3 | 7290.8 | 29.6 | 924.8 | 71.5 | 2.1 | 49.2 |
| International Gemological Institute Ltd. | 355.8 | 15376.2 | 25.2 | 1 | 11.3 | 47.8 | 38.3 | 1661.9 | 52.7 | 711.2 | 66.4 | 14.1 | 24.3 |
| Indiabulls Ltd. | 29.4 | 6855.8 | 16.4 | 0 | 6.2 | 8.9 | 6.6 | 880.8 | 172602 | 273.9 | 501.6 | 1.8 | 739.2 |
| SIS Ltd. | 435 | 6146.2 | 41.9 | 0.2 | 0.4 | 5.4 | 1.8 | 16030.1 | 20.9 | 137.8 | 1069.1 | 10.4 | 261.6 |
| eMudhra Ltd. | 538.8 | 4462.3 | 38.8 | 1.5 | 6 | 11.8 | 8.9 | 713.2 | 35.1 | 107.8 | 27.4 | 13.9 | 25.5 |
Infollion Research INFORMATION ON IPO ISSUE
About Infollion Research
Infollion Research Services, incorporated on September 09, 2009, is a tech-oriented marketplace operating in the B2B human cloud segment. It specializes in on-demand contingent hiring and work arrangements with senior management talent, subject matter experts, and seasoned professionals. The company operates through the platform www.infollion.com.
Object of the Issue
- 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 - PROMOTERS
| Name |
|---|
| Gaurav Munjal |
Infollion Research Lead Manager to the Issue
Holani Consultants Private Limited
ipo@holaniconsultants.co.in
Infollion Research Registrar to the Issue
Link Intime India Private Limited
infollionresearch.ipo@linkintime.co.in
Infollion Research Strengths
Long-lasting business relationships
The company has a strong history of working with globally renowned management consulting firms, private equity funds, hedge funds, and mid-to-large corporations
Comprehensive talent pool
The company boasts a vast network of over 57,000 seasoned professionals, subject matter experts, key opinion leaders, and C-level executives. This diverse network spans across various industries, functional expertise, and geographies
Infollion Research Risks
Significant employee benefit expenses
The company incurs substantial employee benefit expenses, including workers' compensation, staff welfare expenses, and contributions to provident and other funds. However, a potential rise in employee costs in India could pose a challenge to maintaining its competitive advantage
Highly competitive businesses
The company operates in fiercely competitive industries and may face difficulties in effectively competing against both existing and emerging competitors
IPO FAQs
This IPO consists of an offer for sale of up to Rs 3.2 crore, of 392,000 shares. It also consists of a fresh issue of Rs 18.2 crore.
The promoter of the company is Gaurav Munjal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 80.0 - 82.0.
The IPO application opens on May 29, 2023 and closes on May 31, 2023.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 131,200.0, the maximum value for this IPO is Rs 131,200.0.
This IPO will be allotted on Jun 05, 2023.
The refund will be credited to your account on Jun 06, 2023.
The allotted shares will be credited to your demat on Jun 07, 2023.
Infollion Research Services Ltd.’s shares listed on the stock exchanges on Jun 08, 2023.