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Open
29 May 2023
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Close
31 May 2023
3
Allotment
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Listing
Thu, Jun 8, 2023
Price Band
₹80 to ₹82
Issue Size
26,16,000 shares (agg. up to ₹21 Cr)
Lot Size
1,600 Shares
Listing Date
Thu, Jun 8, 2023
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 196.06x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 18.01 | 11.81 | 8.49 |
| Total Income | 35.30 | 22.20 | 16.06 |
| Profit After Tax | 5.58 | 3.41 | 2.08 |
| NET Worth | 16.01 | 10.43 | 7.02 |
| Reserves and Surplus | 8.54 | 10.42 | 7.01 |
| Total Borrowing | 0.00 | 0.00 | 0.00 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| ITCONS E-Solutions Ltd. | SME | ₹8.67 Cr | ₹51 | 12.09 | ₹49.33 | -3.27% | ₹275.70 (+2.55%) |
| Anlon Technology Solutions Ltd. | SME | ₹15.00 Cr | ₹100 | 11.71 | ₹263.65 | +163.65% | ₹654.20 (+5.00%) |
| Droneacharya Aerial Innovations Ltd. | SME | ₹33.97 Cr | ₹54 | 45 | ₹107.10 | +98.33% | ₹38.01 (-1.27%) |
| Integrated Personnel Services Ltd. | SME | ₹12.74 Cr | ₹59 | 12.77 | ₹69.80 | +18.31% | ₹230.00 (-6.12%) |
| Silicon Rental Solutions Ltd. | SME | ₹21.15 Cr | ₹78 | 10.73 | ₹84.00 | +7.69% | ₹83.50 (+3.09%) |
| Radiant Cash Management Services Ltd. | Mainboard | ₹256.64 Cr | ₹94 | 17.34 | ₹104.90 | +11.60% | ₹38.06 (-0.05%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of current service line in the US and Western European regions. | 6.00 |
| 2 | Pex-Panel- Adding new categories of freelancers. | 4.08 |
| 3 | Technology Development | 3.70 |
| 4 | General Corporate Purposes | 4.14 |
About Infollion Research 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.+ Read More
Contact Details
Infollion Research Services Ltd. Address80/28, Malviya NagarNew Delhi, New Delhi, 1100179836468248madhumita.pramanik@infollion.comVisit Website