Infollion Research Services IPO will open for subscription from 29 May 2023. the company aims for an issue size of ₹21.45 Cr through this IPO.
Company Overview
| Full name | Infollion Research Services Limited |
| Sector | Miscellaneous |
| Industry | Miscellaneous |
| Company Website | https://infollion.com |
About Company
The 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. It provides a platform for workers or knowledge providers (gig workers) and employers or knowledge seekers to connect and find synergetic outcomes. The company’s key clients include top-tier Global Management Consulting firms, renowned Private Equity funds, Hedge funds, and mid-tier Corporates. The company operates in the premium segment of the gig economy and is one of the enablers of contingent hiring, temporary workforce management, contracting SOW employees, high-level independent consultations, knowledge tours, and more.
Infollion Research helps its clients by enabling knowledge-sharing sessions and provides flexi-staffing solutions to enable businesses to draw actionable insights from people who have been there and done that. Infollion’s expert network as on the date of filing this Red Herring Prospectus consists of 62,194 experts which include 10,573 international experts spanning across the globe and 51,621 domestic experts span across all corners of India and almost representing every industry function.
The Objective 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.
IPO Timetable
| IPO Opening date | 29 May 2023 |
| IPO Closing | 31 May 2023 |
| Basis of Allotment | 05 June 2023 |
| Initiation Refund | 06 June 2023 |
| Credit to Demat Account | 07 June 2023 |
| Listing Date | 08June 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹21.45 Cr – 2,616,000 shares |
| Fresh Issue | 22,24,000 shares |
| Offer for sale | 3,92,000 shares |
| Face value | ₹10 per share |
| Price Band | ₹80 to ₹82 per share |
| Lot size | 1600 Shares |
| Retail Allocation | 35.05% |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹131,200 |
| Retail (Max) | 1 | 1600 | ₹131,200 |
| HNI (Min) | 2 | 3,200 | ₹262,400 |
Reservation Details
| QIB Shares Offered | 48.65% |
| NII (HNI) Shares Offered | 16.30% |
| Retail Shares Offered | 35.05% |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 1,597.01 | 2,198.46 | 3,503.09 |
| Expenses | 1,606.46 | 2,220.13 | 3,529.92 |
| Net income | 207.65 | 340.66 | 557.92 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.78 | 4.56 | 7.74 |
| PE ratio | – | – | 10.34 – 10.59 |
| RONW (%) | 29.56 | 32.66 | 34.85 |
| NAV | 9.41 | 13.97 | 21.44 |
| ROCE (%) | 37.28 | 40.77 | 43.59 |
| EBITDA (%) | 16.76 | 19.87 | 19.99 |
| Debt/Equity | NA | NA | NA |
Company Promoters
- Mr. Gaurav Munjal
Promoter Holding
| Pre Issue Share Holding | – |
| Post Issue Share Holding | – |
Lead Manager(s)
HOLANI CONSULTANTS PRIVATE LIMITED
401 – 405 & 416 – 418, 4th Floor, Soni Paris Point,
Jai Singh Highway, Bani Park, Jaipur – 302016
Phone: +91 0141 – 2203996
Email: ipo@holaniconsultants.co.in
Website: www.holaniconsultants.co.in
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +918108114949
Email: infollionresearch.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Details
INFOLLION RESEARCH SERVICES LIMITED
3rd floor, Tower B, Unitech Cyber Park,
Sector 39, Gurgaon, Gurugram, Haryana, 122002
Phone: +91– 9836468248
E-mail: madhumita.pramanik@infollion.com
Website: www.infollion.com
Allotment Status
IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.
Final thoughts
Infollion Research Services IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
