SME IPO Tracker: Infollion Research Services more than doubles investors' wealth on listing day
Infollion Research Services stocks made an exceptional debut on NSE Emerge platform with shares listed at Rs 209, a premium of 155% as compared to its issue price of Rs 82. The shares then fell by 13% to Rs 198.55. The public offer of the company was subscribed 279 times at close, with non-institutional investors contributing 560 times bids and retail investors' portion subscribed 264 times. The company will use the raised funds for expanding its current service line in the US and Western European region, adding categories of freelancer and technology development.
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