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.
| Purpose | Amount (₹ Cr) |
|---|---|
| Expansion of current service line in the US and Western European regions. | ₹6 |
| Pex-Panel- Adding new categories of freelancers. | ₹4 |
| Technology Development | ₹4 |
| General Corporate Purposes | ₹4 |
| Metric | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Total Assets | 1,801 | 1,181 | 849 |
| Revenue | 3,530 | 2,220 | 1,606 |
| PAT | 558 | 341 | 208 |
| Net Worth | 1,601 | 1,043 | 702 |
| Reserves | 854 | 1,042 | 701 |
| Total Borrowing | 0 | 0 | 0 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 1,208,000 (46%) | — |
| NII / HNI | — | 404,800 (15%) | — |
| Retail (RII) | — | 870,400 (33%) | — |
| Market Maker | — | 132,800 (5%) | — |
| Total | — | 2,616,000 (100%) | — |
* Amount calculated at upper price band (₹82) · ** Total includes all investor categories
- 1 Initiation of Refund 06 Jun 2023
- 2 Credit of Shares to Demat 07 Jun 2023
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 15%.
- Institutional (QIB) interest is strong at 46%.
- The IPO P/E of 14x reflects a strong valuation relative to typical market ranges.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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