Infonative Solutions Ltd. was incorporated on September 13, 1998. The company specializes in developing and designing e-learning content, cloud-based learning management systems (LMS), and bespoke e-learning solutions. It provides instructional design, gamification, AR/VR-based learning, and software simulations for Fortune 500 firms, IT companies, government agencies, and global clients across industries like BFSI, consulting, IT/ITES, and education
| Bidding Dates |
|---|
| 28 Mar 2025 - 03 Apr 2025 |
| Subscription |
|---|
| 4.35x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 1600 | 3.1 M | ₹75 - ₹79 | 69.28 % | ₹234.6 M - ₹247.1 M | RHP DOC |
Infonative Solutions IPO SUBSCRIPTION STATUS
03 Apr '25Infonative Solutions IPO overall subscription rate was 4.35 times the total available shares
Infonative Solutions IPO retail subscription rate was 8.19 times in the retail segment
Infonative Solutions IPO non-institutional investor subscription rate was 3.56 times in the non-institutional investor category
Infonative Solutions IPO Qualified Institutional Bidder subscription rate was 1.9 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
03 Apr 2025 (Day 4) | 8.19x | 3.56x | 1.9x |
02 Apr 2025 (Day 3) | 3.1x | 1.6x | - |
01 Apr 2025 (Day 2) | 1.92x | 0.86x | - |
28 Mar 2025 (Day 1) | 1.38x | 0.04x | - |
Infonative Solutions FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 36.4 | 112.3 | 13.4 | 3.8 | 46.0% |
| FY24 | 14.5 | 176.9 | 34.6 | -6.0 | 13.8% |
| FY23 | 10.7 | 206.1 | 3.4 | -11.3 | 8.3% |
| FY22 | 22.3 | 183.2 | 18.8 | 15.1 | 17.5% |
Infonative Solutions IPO SUBSCRIPTION STATUS DETAILS
Infonative Solutions had 3.1 M shares on offer
Infonative Solutions IPO offer price was in the range ₹75 - ₹79
Infonative Solutions IPO minimum Investment was ₹120000
Infonative Solutions IPO issue size was ₹ 234.6 M - ₹ 247.1 M
Infonative Solutions had a minimum lot size of 1600 Shares per application
Infonative Solutions NUMBER OF SHARES ON OFFER
Infonative Solutions IPO IMPORTANT DATES
| Issue Open Date | 28 Mar 2025 |
| Issue close Date | 03 Apr 2025 |
| Allotment Date | 04 Apr 2025 |
| Refund Date | 07 Apr 2025 |
| Demat Account Credit Date | 07 Apr 2025 |
| Listing Date | 08 Apr 2025 |
| Listing on Exchange(s) | BSE |
| Infonative Solutions Allotment Status | Exchange/ Registrar |
Infonative Solutions IPO subscription opened on 28 Mar 2025, and closed on 03 Apr 2025
IPO allotment for Infonative Solutions was finalized on Friday, 04 Apr 2025
IPO listing for Infonative Solutions was on BSE on Tuesday, 08 Apr 2025
Infonative Solutions IPO LISTING GAINS
| Issue Price (adjusted) | 79.0 |
| Listing Open Price | 63.2 |
| Listing Close Price | 60.0 |
| Listing Gain% | -20.0% |
| Current Gain% | -51.9% |
Infonative Solutions Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Infonative Solutions Ltd. | 38 | 45 | 15.8 | -0.3 | 1.8 | 7.3 | 6 | 24.6 | 11 | 2.9 | -52 | 2.4 | -52 |
| Physicswallah Ltd. | 131.6 | 38172.8 | -1697.3 | -18.9 | 9.8 | -0.5 | -0.3 | 4131 | 35.9 | -22.5 | 89.6 | -0.1 | 89.6 |
| NIIT Learning Systems Ltd. | 242.8 | 3350.6 | 13.1 | 0.7 | 1.6 | 16 | 8.1 | 1987.9 | 17.1 | 247.7 | 8.9 | 18.5 | 18 |
| Crizac Ltd. | 188 | 3289.3 | 14.9 | 0.4 | 3.2 | 37.5 | 25 | 1071.1 | 21.1 | 219.1 | 43.3 | 12.6 | 40.2 |
| Shanti Educational Initiatives Ltd. | 202.3 | 3259 | 553.1 | -33.4 | 58.6 | 7.7 | 5.8 | 59.4 | -5.9 | 5.9 | -16.6 | 0.4 | -16.6 |
| Mobavenue AI Tech Ltd. | 304 | 2280.4 | 92.4 | 0 | 12.8 | 32.4 | 14.3 | 220.2 | 4576 | 29.3 | 3706.7 | 3.3 | 2384.1 |
Infonative Solutions INFORMATION ON IPO ISSUE
About Infonative Solutions
Infonative Solutions Ltd. was incorporated on September 13, 1998. The company specializes in developing and designing e-learning content, cloud-based learning management systems (LMS), and bespoke e-learning solutions. It provides instructional design, gamification, AR/VR-based learning, and software simulations for Fortune 500 firms, IT companies, government agencies, and global clients across industries like BFSI, consulting, IT/ITES, and education
Object of the Issue
- To meet the expenses for development of new products, courses and new features in LMS and purchase of laptops
- To meet the working capital requirements
- General corporate purposes and unidentified acquisitions
Infonative Solutions - PROMOTERS
| Name |
|---|
| Saurabh Kathuria |
| Abdur Rauf Rahmani |
| Yogeshh Goel |
Infonative Solutions Lead Manager to the Issue
Share India Capital Services Private Limited
kunal.bansal@shareindia.co.in
Infonative Solutions Registrar to the issue
Kfin Technologies Limited
isl.ipo@kfintech.com
Infonative Solutions Strengths
Client relationship
The company has built strong, long-term customer relationships by understanding client behaviors, preferences, and trends through research and consultation. This approach enables it to offer valuable, tailored e-learning solutions
Diversified business portfolio
The company is committed to expanding into new sectors with innovative solutions, leveraging its expertise in e-learning to serve technology and information-focused enterprises
Customer centric
The eLearning sector drives digital transformation in education and training, impacting industries reliant on internet-based solutions. Innovation and ICT advancements are key to staying competitive, with a focus on user-friendly services and adaptive learning systems to enhance client retention
Infonative Solutions Risks
Security risks
Security breaches or cyberattacks, along with data protection failures, could damage reputation and adversely affect business, finances, and operations
Capital intensive
Adequate working capital is crucial for smooth operations. Any disruption or difficulty in securing it on time and favorable terms could negatively impact efficiency, profitability, and growth prospects
Risks of default
Payment delays or defaults by customers may affect financial performance and require additional working capital, with no guarantee of timely or full payment
IPO FAQs
The promoters of the company are Saurabh Kathuria, Abdur Rauf Rahmani and Yogeshh Goel.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 75.0 - 79.0.
The IPO application opens on Mar 28, 2025 and closes on Apr 03, 2025.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 126,400.0.
This IPO will be allotted on Apr 04, 2025.
The refund will be credited to your account on Apr 07, 2025.
The allotted shares will be credited to your demat on Apr 07, 2025.
Infonative Solutions Ltd.’s shares listed on the stock exchanges on Apr 08, 2025.