Infollion Research Services Ltd - IPO

Infollion Research Services Ltd IPO Details

Initial public offering of upto 26,16,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Infollion Research Services Limited (The Company or Company or Issuer) for cash at a price of Rs. 82/- per equity share (including a share premium of Rs. 72/- per equity share), aggregating upto Rs. 21.45 crores (The Offer) comprising a fresh issue of up to 22,24,000 equity shares aggregating up to Rs. 18.24 crores (Fresh Issue) and an offer for sale of up to 3,92,000 equity shares (Offered Shares) aggregating up to Rs. 3.21 crores, by Blume Ventures fund i, other selling shareholder, (Offer for Sale). This offer includes a reservation of up to 1,32,800 equity shares aggregating up to Rs. 1.09 crores (constituting up to 1.37 % of the post-offer paid-up equity share capital of the company) for subscription by market maker (Market Maker Reservation Portion). The offer less market maker reservation portion is hereinafter refered to as the Net Offer. The offer and the net offer will constitute 26.99% and 25.62% respectively of the fully diluted post offer paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the offer price of Rs. 82 i.e 8.20 times of the face value of the equity shares.

Objective of issue

Expansion of current servie line US and Western Europe regions. Pex-Panel-Adding new categories of freelancers. Technology Development. General Corporate Purposes.

Infollion Research Services Ltd Contact Details

Infollion Research Services Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - madhumita.pramanik@infollion.com

Website - https:, infollion.com