Infollion Research Services Limited IPO

30 May 2023|

1 min read |

by ICICI Securities Team

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 Limited has its registered office at ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025, India, Tel No:- 022 - 2288 2460, 022 - 2288 2470. The non-broking products / services like iLearn and Financial Learning 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. iLearn is not an exchange traded product/service of ICICI Securities Ltd. All disputes with respect to the activity on the platform would not have access to Exchange investor redressal or Arbitration mechanism.

ICICI Securities Ltd. is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. ICICI Securities Ltd. is a SEBI registered with SEBI as a Research Analyst vide registration no. INH000000990. Name of the Compliance officer (broking): Mr. Atul Agrawal, Contact number: 022-69997051, E-mail address: complianceofficer@icicisecurities.com Investments in securities markets 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. ICICI Securities Ltd. and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. AMFI Regn. No.: ARN-0845. PFRDA registration numbers: POP no -05092018. ICICI Securities Ltd. acts as a Composite Corporate agent having registration number -CA0113. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. Please note, Mutual Fund, Corporate Fixed Deposits, Bonds, Alternate investment funds, Tax planning, Succession planning, NPS, IPO, Investment Advisory and Loans related services are not Exchange traded products and ICICI Securities Ltd. is acting as a distributor to solicit these products. Please note, Insurance related services are not Exchange traded products and ICICI Securities Ltd. is acting as a corporate agent to solicit these products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The non-broking products / services like Research, etc. are not exchange traded products / services and all disputes with respect to such activities would not have access to Exchange investor redressal or Arbitration mechanism. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

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