Latest IPO in India: Infonative Solutions Ltd IPO – Positive Outlook with ₹24.71 Cr Issue
The latest IPO in India, Infonative Solutions Ltd, has garnered attention in the SME segment with its ₹24.71 crore public issue. Known for its innovative e-learning solutions, the company is now tapping the capital markets to fuel its next phase of growth. This article provides comprehensive IPO details, including the IPO price band, subscription status, financials, and more to help investors make informed decisions.
Company Overview
Founded in 2014, Infonative Solutions Ltd is a technology-driven company offering bespoke e-learning content, cloud-based Learning Management Systems (LMS), and training solutions. The company caters to corporate and educational sectors, serving clients across BFSI, IT/ITES, consulting, and government agencies. Its flagship product, MindScroll LMS, is a mobile-responsive platform designed for scalable online training delivery.
IPO Timeline
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IPO Open Date: March 28, 2025
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IPO Close Date: April 3, 2025
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Allotment Date: April 4, 2025
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Refund Initiation: April 7, 2025
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Share Credit to Demat: April 7, 2025
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Listing Date: April 8, 2025
Price Band
The IPO price band is set between ₹75 and ₹79 per equity share. The face value of each share is ₹1, with the floor and cap prices being 75x and 79x of the face value, respectively.
Lot Size
Investors can bid for a minimum of 1 lot (1,600 shares), requiring a minimum investment of ₹1,26,400. High Net-Worth Individuals (HNIs) must bid for at least 2 lots (3,200 shares).
Key Dates
| Event | Date |
|---|---|
| Issue Opens | March 28, 2025 |
| Issue Closes | April 3, 2025 |
| Allotment Finalization | April 4, 2025 |
| Refunds Initiated | April 7, 2025 |
| Shares Credited | April 7, 2025 |
| Listing Date | April 8, 2025 |
Financials
| Financial Year | Revenue (₹ Cr) | Net Profit (₹ Cr) | EPS |
|---|---|---|---|
| FY22 | 18.3 | 2.2 | 1.88 |
| FY23 | 20.6 | 1.1 | 0.90 |
| FY24 | 17.7 | 1.5 | 1.22 |
Strengths
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Strong promoter and leadership team with domain expertise.
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Scalable digital infrastructure using cloud and mobile tech.
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High-margin e-learning solutions for corporate and educational clients.
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Expanding content library in trending domains like AI, cybersecurity, and data science.
Risks
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Revenue concentration from a few clients.
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High trade receivables from related parties.
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Dependency on IT infrastructure and data security.
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No credit rating, which may impact borrowing capacity.
IPO Anchor Investors Details
No anchor investors have been disclosed for this SME IPO.
IPO Promoter Holding Details
| Promoter | Pre-Issue Holding | Post-Issue Holding |
|---|---|---|
| Mr. Saurabh Kathuria | 94.13% | 69.28% |
| Mr. Abdur Rauf Rahmani | 94.13% | 69.28% |
| Mr. Yogeshh Goel | 94.13% | 69.28% |
IPO Grey Market Premium (GMP)
| Date | GMP (₹) | Expected Listing Price (₹) |
|---|---|---|
| March 28, 2025 | 0 | 79 |
Final Thoughts
Infonative Solutions Ltd’s IPO offers a compelling opportunity for investors looking to tap into the digital learning space. While the company boasts strong fundamentals and a scalable business model, the absence of a grey market premium and concentration risks warrant cautious optimism. As the latest IPO in India, it’s worth watching how the subscription status evolves over the coming days.