31 Mar 2021
Assets8.49
Total Income16.06
Profit After Tax2.08
NET Worth7.02
Reserves and Surplus7.01
Total Borrowing0.00
At a glance
Updated 2026-09-17The shares listed at ₹209.00, a 154.88% move from the issue price. Infollion Research Services is a SME IPO with an issue size of ₹21.45 crore, proposed for listing on NSE SME. The offer opens on 29th May 2023 and closes on 31st May 2023. The issue structure includes a fresh issue of ₹17.15 crore and an offer-for-sale component of ₹3.21 crore. The current listing schedule points to 8th Jun 2023.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹21.45 Cr
Fresh issue₹17.15 Cr
Offer for sale₹3.21 Cr
Face value₹10
Price band₹80.00–₹82.00
Allotment5th Jun 2023
Listing8th Jun 2023
Listing performance
Full performance ↗Issue price₹82.00
Listing price₹209.00
Current price—
Listing gain154.88%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹101.00
GMP / upper price123.17%
Est. listing₹183.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens29th May 2023
Closes31st May 2023
Allotment5th Jun 2023
Refund6th Jun 2023
Demat7th Jun 2023
Listing8th Jun 2023
Subscription demand
Full bidding ↗Total279.24×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1600 | ₹131,200 |
Company
Incorporated2009
Use of proceeds
| Object | Amount |
|---|---|
| Expansion of current service line in the US and Western European regions. | ₹6.00 Cr |
| Pex-Panel- Adding new categories of freelancers. | ₹4.08 Cr |
| Technology Development | ₹3.70 Cr |
| General Corporate Purposes | ₹4.14 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue35.30₹ Cr · +59.0% vs prior year
PAT5.58₹ Cr · +63.6% vs prior year
Assets18.01₹ Cr · +52.5% vs prior year
Net Worth16.01₹ Cr · +53.5% vs prior year
Borrowing0.00₹ Cr
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2022
Assets11.81
Total Income22.20
Profit After Tax3.41
NET Worth10.43
Reserves and Surplus10.42
Total Borrowing0.00
31 Mar 2023
Assets18.01
Total Income35.30
Profit After Tax5.58
NET Worth16.01
Reserves and Surplus8.54
Total Borrowing0.00
KPIs
| KPI |
|---|
| ROE |
| PAT Margin |
Valuation & shareholding
Pre-IPO P/E14.24
Promoter holding pre67.09%
Promoter holding post51.69%
Market cap₹79.47 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Infollion Research Services IPO | — | 14.24 x | — | — |
| Armour Security IPO | — | 19.33 x | — | — |
| Safecure Services IPO | — | 16.82 x | — | — |
| NIS Management IPO | — | 11.94 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Fees payable to the Book Running Lead Managers (including Underwriting commission) | ₹1.34 Cr |
| Brokerage, selling commission and upload fees | ₹0.05 Cr |
| Advertising and marketing expenses | ₹0.13 Cr |
| Fees payable to the Legal Advisors | ₹0.02 Cr |
| Fees payable to the Registrar to the Offer | ₹0.03 Cr |
| Fees payable to the Regulators including stock exchanges | ₹0.13 Cr |
| Brokerage and selling commission payable to Syndicate | — |
| Brokerage and selling commission payable to Registered Brokers | — |
| Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | — |
| Printing and distribution of Issue stationary | ₹0.01 Cr |
| Others (bankers to the offer, auditor’s fees etc.) | ₹0.05 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- Holani Consultants Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-17.
IPO UPDATE ALERTS
Register for IPO Updates →Track Infollion Research Services without missing an update
Register for subscription, GMP, allotment and listing notifications.