Infinity Infoway was incorporated on June 10, 2008. The company is a SaaS provider of customised ERP solutions for sectors like education, manufacturing, retail, and construction. It also offers an Online Examination System for institutions and a self-learning platform, Brainzorg, with digital courses for students
| Bidding Dates |
|---|
| 30 Sep 2025 - 03 Oct 2025 |
| Subscription |
|---|
| 258.46x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,35,200 | 2 | 2 | 800 | 1.6 M | ₹147 - ₹155 | 68.5 % | ₹231.6 M - ₹244.2 M | RHP DOC |
Infinity Infoway IPO SUBSCRIPTION STATUS
03 Oct '25Infinity Infoway IPO overall subscription rate was 258.46 times the total available shares
Infinity Infoway IPO retail subscription rate was 355.94 times in the retail segment
Infinity Infoway IPO non-institutional investor subscription rate was 647.7 times in the non-institutional investor category
Infinity Infoway IPO Qualified Institutional Bidder subscription rate was 73.45 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
03 Oct 2025 (Day 3) | 355.94x | 647.7x | 73.45x |
01 Oct 2025 (Day 2) | 3.99x | 3.87x | 1.64x |
30 Sep 2025 (Day 1) | 0.3x | 0.45x | 1.22x |
Infinity Infoway FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 13.2 | 4.2 | 2.4 | -0.2 | 46.7% |
| FY24 | 10.2 | 3.5 | 2.2 | 1.6 | 48.3% |
| FY23 | 5.2 | 1.0 | 1.4 | 0.7 | 28.2% |
Infinity Infoway IPO SUBSCRIPTION STATUS DETAILS
Infinity Infoway had 1.6 M shares on offer
Infinity Infoway IPO offer price was in the range ₹147 - ₹155
Infinity Infoway IPO minimum Investment was ₹235200
Infinity Infoway IPO issue size was ₹ 231.6 M - ₹ 244.2 M
Infinity Infoway had a minimum lot size of 800 Shares per application
Infinity Infoway NUMBER OF SHARES ON OFFER
Infinity Infoway IPO IMPORTANT DATES
| Issue Open Date | 30 Sep 2025 |
| Issue close Date | 03 Oct 2025 |
| Allotment Date | 06 Oct 2025 |
| Refund Date | 07 Oct 2025 |
| Demat Account Credit Date | 07 Oct 2025 |
| Listing Date | 08 Oct 2025 |
| Listing on Exchange(s) | BSE |
| Infinity Infoway Allotment Status | Exchange/ Registrar |
Infinity Infoway IPO subscription opened on 30 Sep 2025, and closed on 03 Oct 2025
IPO allotment for Infinity Infoway was finalized on Monday, 06 Oct 2025
IPO listing for Infinity Infoway was on BSE on Wednesday, 08 Oct 2025
Infinity Infoway IPO LISTING GAINS
| Issue Price (adjusted) | 155.0 |
| Listing Open Price | 294.5 |
| Listing Close Price | 309.2 |
| Listing Gain% | 90.0% |
| Current Gain% | 158.1% |
Infinity Infoway 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Infinity Infoway Ltd. | 400 | 218.1 | 31.1 | 0.5 | 8.9 | 16.8 | 15.9 | 24.5 | 81.4 | 7 | 67.3 | 12.9 | 67.3 |
| Tata Consultancy Services Ltd. | 2452.7 | 887408.3 | 17.8 | 16.7 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1175.1 | 476862.2 | 15.7 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1356.6 | 368135.8 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 187.5 | 185737.1 | 14.1 | -7.8 | 2 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1635 | 160243.9 | 31.2 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Infinity Infoway INFORMATION ON IPO ISSUE
About Infinity Infoway
Infinity Infoway was incorporated on June 10, 2008. The company is a SaaS provider of customised ERP solutions for sectors like education, manufacturing, retail, and construction. It also offers an Online Examination System for institutions and a self-learning platform, Brainzorg, with digital courses for students
Object of the Issue
- Development of proprietary technology solution called “ZEROTOUCH DaaS”
- Purchase of new IT infrastructure and certification
- Funding of tender deposits and earnest money deposits (EMD) towards tenders
- Funding the incremental working capital requirements of the company
- To meet general corporate expenses
Infinity Infoway - PROMOTERS
| Name |
|---|
| Dhirajlal Bhanjibhai Gadhethariya |
| Bhaveshkumar Dhirajlal Gadhethriya |
| Rinaben Bhaveshkumar Gadhethariya |
Infinity Infoway - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Dhirajlal Bhanjibhai Gadhethariya | Chairman & Whole-Time Director |
| Bhaveshkumar Dhirajlal Gadhethriya | Managing Director |
| Nikunj Vrajlal Gajera | Whole-Time Director |
| Rinaben Bhaveshkumar Gadhethariya | Non-Executive Director |
| Sriharsha Narasimhan | Independent Director |
| Hitesh Haribhai Atkotiya | Independent Director |
Infinity Infoway Book Running Lead Manager
Holani Consultants Private Limited
ipo@holaniconsultants.co.in
Infinity Infoway Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Infinity Infoway Strengths
Robust portfolio of products & services
The company offers a robust portfolio of products and services, including ERP solutions and consulting, to support educational institutions. Its offerings aim to enhance efficiency, innovation, and overall success in education management
ERP implementation
The company has a strong track record in ERP implementation, having deployed its Campus Management System in 26 universities across India. It maintains active annual maintenance contracts with 22 universities to ensure ongoing support and software continuity
AI enabled products
The Government of India’s National Education Policy (NEP) aims to modernise and innovate the education system. The company has developed NEP-enabled ERP products with AI integration to help institutions manage operations efficiently and deliver personalised learning experiences
Infinity Infoway Risks
Customer support
Failure to provide timely and effective customer support could harm the company’s relationships and retention of existing and prospective customers. Inadequate resources or rising support demand may increase costs and negatively impact business, operations, and financial performance
R&D risks
The company provides ERP solutions to educational institutions and industries across India. To stay aligned with evolving IT trends and regulations, it invests in R&D, such as developing new ERP software for schools and universities, following the 2020 National Education Policy
Working capital intensive
The company’s growth depends on significant working capital, and failure to meet these needs could impact operations. Poor inventory management may also adversely affect sales, profitability, cash flow, and liquidity
IPO FAQs
The promoters of the company are Dhirajlal Bhanjibhai Gadhethariya, Bhaveshkumar Dhirajlal Gadhethriya and Rinaben Bhaveshkumar Gadhethariya.
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 147.0 - 155.0.
The IPO application opens on Sep 30, 2025 and closes on Oct 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. 235,200.0, the maximum value for this IPO is Rs 248,000.0.
This IPO will be allotted on Oct 06, 2025.
The refund will be credited to your account on Oct 07, 2025.
The allotted shares will be credited to your demat on Oct 07, 2025.
Infinity Infoway Ltd.’s shares listed on the stock exchanges on Oct 08, 2025.