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Infollion Research Services Limited IPO

5 Mins 30 May 2023 0 COMMENT

About the Company

Infollion Research Services was incorporated in 2009. They operate in the Human Cloud segment and caters to contingent hiring of subject matter experts. Infollion provides a platforme for gig workers and employers to get in contact with one another.

Products

Contingent hiring, temporary workforce management, contracting SOW-employees, high-level independent consultations, knowledge tours, and more

Business model

Infollion Research Services is a B2B company. They provide a platform for workers and employers.

IPO Details

IPO Date

May 29, 2023–May 31, 2023

Price

₹80–₹82 per share

Lot Size

1600 Shares

IPO Objective

The Company intends to utilize the Proceeds on:

To expand current service line in the US and Western European regions

To add new categories of freelancers

To develop technology

To meet general corporate purposes

Company Financials

Particulars

For year ended March 31, 2021

For year ended March 31, 2022

For year ended March 31, 2023

Net Worth (in lakhs)

702.47

1,043.12

1,601.05

Total borrowings (in lakhs)

0.00

0.00

0.00

Total Revenues (in lakhs)

1,606.46

2,220.13

3,529.92

Strengths

  • Accomplished leadership team and qualified workforce
  • Long-lasting business relationships
  • Comprehensive talent pool
  • Strong research capabilities
  • Value-added services

Major Business-Related Risk

  • There have been certain inadvertent inaccuracies, delay and non-compliances with respect to certain regulatory filings and corporate actions taken by the company.
  • The company’s revenue from operations is highly dependent upon a limited number of clients.
  • The company has no insurance policies to cover all risk, specifically risks like liability risk, loss of profits and terrorism. In case any such event occurs, the company may be subject to possible loss. 

How to apply for a Quick IPO on ICICIdirect

➢  Select IPO

Go to the IPO section, select the IPO you want to apply from the list and click on ‘Apply’.

➢  Fill in the required details

Fill in the quantity of the number of shares you want to buy. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.

➢  Confirm your request

Click on proceed to confirm the order. You can view the placed order under “order book”. If you are applying using UPI, check the A/C and UPI details before clicking on proceed. You will get an UPI link by which payment can be made.

Disclaimer:ICICI Securities Ltd.( I-Sec). Registered office- ICICI Venture House, Appasaheb Marathe Marg, Mumbai - 400025, India, Tel No:- 022 - 2288 2460, 022 - 2288 2470. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code:-07730) and BSE Ltd (Member Code :103) and having SEBI registration no. INZ000183631. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The non-broking products / services like Mutual Funds, Insurance, FD/ Bonds, loans, PMS, Tax, Elocker, NPS, IPO, Research, Financial Learning etc. are not exchange traded products / services and ICICI Securities Ltd. is just acting as a distributor/ referral Agent of such products / services and all disputes with respect to the distribution activity would not have access to Exchange investor redressal or Arbitration mechanism.