Liquidity Events
Infollion Research Services' SME IPO oversubscribed
Infollion Research Services stock debuted on the NSE Emerge platform with shares getting listed at INR 209, a premium of 155% as compared to its issue price of INR 82. The public offer of the company was subscribed 279 times at close, with non-institutional investors (NIIs) contributing 560 times bids. The retail investors' portion was subscribed 264 times. The offer comprised a fresh issue of 22.24 lakh equity shares and an offer for sale (OFS) of 3.92 lakh shares. The company will use the raised funds for expanding its current service line in the US and Western European markets. Incorporated in 2009, Infollion Research Services is a tech-oriented marketplace catering to on-demand contingent hiring and work arrangements with senior management talent, subject matter experts, and high-ranking professionals. Holani Consultants was the sole lead manager to the issue and Link Intime India was the registrar.
From the Venture Intelligence PE-VC Deal Database: In Mar-13, Infollion had raised funding from Blume Ventures.
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