IPO Details

Bidding Dates

28 Mar '25 - 03 Apr '25

Minimum Investment

₹1,20,000/ 1 Lot (1,600 Shares)

Price Range

₹75-₹79

Maximum Investment

₹1,26,400/ 1 Lot (1,600 Shares)

Retail Discount

To be announced

Issue Size

₹24.71 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Infonative Solutions IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Mar 28, 25

IPO Closing Date

Apr 03, 25

Basis of Allotment

Apr 04, 25

Initiation of Refunds

Apr 07, 25

IPO Listing Date

Apr 08, 25

About Infonative Solutions IPO

Infonative Solutions IPO is a book-built issue worth ₹24.71 crore, consisting entirely of a fresh issue of 31.28 lakh shares. The IPO opens for subscription today, on March 28, 2025, and closes on April 3, 2025. The allotment is expected to be finalised on April 4, 2025, with a tentative listing date on BSE SME set for April 8, 2025.

The price band for the IPO is ₹75 to ₹79 per share. Retail investors must apply for a minimum of 1,600 shares, requiring an investment of ₹1,20,000. To avoid oversubscription issues, bidding at the cutoff price would increase the investment to ₹1,26,400. High Net-worth Individuals (HNI) need to invest in at least two lots, amounting to ₹2,52,800 for 3,200 shares.

Share India Capital Services Private Limited is the book-running lead manager, while Kfin Technologies Limited is the registrar for the issue. Share India Securities Limited is the market maker for the IPO. For complete details, refer to the Infonative Solutions IPO Red Herring Prospectus (RHP).

Industry Outlook

  1. The learning management system (LMS) segment in India is expanding rapidly, with a projected CAGR of 20.57%. This growth is driven by increased adoption in educational institutions, corporations, and government agencies seeking efficient online training solutions.
  2. The corporate e-learning segment in India is growing at a CAGR of 20.38%, driven by workforce upskilling, IT sector expansion, and remote work training needs. With companies increasingly investing in digital learning, Infonative Solutions Limited can capitalise on this trend by providing tailored e-learning solutions for businesses aiming to enhance employee skills and productivity.

Infonative Solutions IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Funds will be used to create new courses, enhance LMS features, and purchase laptops for operational efficiency.
  2. The capital raised will support day-to-day business operations and ensure smooth financial management.
  3. The remaining funds will be used for general corporate purposes.

About Infonative Solutions Limited 

Infonative Solutions Limited is a leading provider of e-learning content, courseware, and cloud-based Learning Management System (LMS) solutions. The company was founded in 2014 and has grown significantly from a small office in Delhi to a key player in the e-learning industry. Its name reflects a commitment to combining information technology with innovative learning solutions.

A major milestone was reached in 2018 with the investment in Mindscroll, a top-tier LMS platform, enabling a comprehensive suite of digital learning solutions. Today, Infonative specialises in bespoke e-learning solutions, instructional design, gamification, augmented and virtual reality-based content, and software application simulations.

The company serves Fortune 500 firms, Big 4 consulting firms, IT and EdTech companies, and government agencies across industries like BFSI, consulting, IT/ITES, oil and gas, FMCG, and education. With operations spanning India, the USA, and Malaysia, Infonative assists organisations in transitioning from offline to digital learning experiences.

Service offerings are categorised into three levels: solution development, focusing on content hosting and LMS; solution design, aligning learning content with training needs; and strategy, building competency frameworks and assessments.

Training solutions include product, process, software, leadership, behavioral, and onboarding training. With extensive content development expertise, the company helps businesses optimise training programs, improve retention, and enhance workforce productivity through tailored digital learning solutions.

How To Check the Allotment Status of Infonative Solutions IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the Infonative Solutions IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Infonative Solutions IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Infonative Solutions IPO 

Registered office: 107, DLF South City Court, Saket, New Delhi-110017

Phone: 011-45082517

E-mail:cs@infonative.net

Infonative Solutions IPO Reservation

Investor Category

Shares Offered

QIB Shares

Not more than 50% of the Net Issue

Retail Shares

Not less than 35% of the Net Issue

NII (HNI) Shares

Not less than 15% of the Net Issue

Infonative Solutions IPO Lot Size

Application

Lots

Shares

Amount

Retail (Min)

1

1,600

₹1,20,000

Retail (Max)

1

1,600

₹1,26,400

HNI (Min)

2

3,200

₹2,52,800

Infonative Solutions IPO Promoter Holding

Mr. Saurabh Kathuria, Mr. Abdur Rauf Rahmani, and Mr. Yogeshh Goel are the promoters of the company.

Share Holding Pre-Issue

94.13%

Share Holding Post Issue

69.28%

Note: Equity dilution will be determined by subtracting the Share Holding Post Issue from the Share Holding Pre Issue.

Key Performance Indicators for Infonative Solutions IPO

KPI

Value

RoE (%)

15.46

RoCE (%)

18.60

Debt/Equity

0.19

PAT Margin

8.20

Infonative Solutions IPO Prospectus

Infonative Solutions IPO Registrar and Lead Managers

Infonative Solutions IPO Lead Managers

  • Share India Capital Services Private Limited

Registrar for Infonative Solutions IPO

Kfin Technologies Limited

Infonative SolutionsIPO Registrar

Financial Performance of Infonative Solutions Limited

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ lakh) 1,769.33 2,060.88 1,832.08
Profit After Tax (PAT) (in ₹ lakh) 145.02 106.87 222.57
Return on Equity (%) 15.46 13.16 34.38
Total Borrowings (in ₹ lakh) 196.88 249.35 46.26
Return on Capital Employed (%) 18.60 16.86 44.71
Current Ratio (x) 0.95 1.05 1.70
EBITDA (in ₹ lakh) 243.94 171.51 321.28

Know before investing

Strengths

8

  1. Infonative Solutions has a strong leadership team with over 20 years of industry experience.

  2. The company employs 150+ skilled professionals, including instructional designers and project managers.

  3. Its scalable eLearning model enables global reach with minimal additional costs.

  4. Mindscroll brand offers diverse professional upskilling courses tailored for global markets.

  5. Infonative Solutions is expanding its off-the-shelf content library for wider accessibility.

  6. AI-driven learning solutions enhance engagement and effectiveness in corporate training.

  7. Diversifying into product development and training strengthens long-term growth potential.

  8. Cloud-based and mobile learning technologies enhance flexibility and learner experience.

Risks

8

  1. Over 50% of revenue comes from a single key customer.

  2. Business agreements have strict covenants, and non-compliance may harm finances.

  3. IT system failures or data breaches could disrupt operations and reputation.

  4. Security breaches may impact financial stability and business credibility.

  5. Changing consumer preferences may reduce demand, affecting profitability.

  6. Loss of key management personnel could impact business performance.

  7. Delayed customer payments may strain working capital and profitability.

  8. Failure to maintain brand reputation could harm financial growth.

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Infonative Solutions IPO FAQs

What is the Infonative Solutions IPO?

Infonative Solutions IPO is a book-built issue IPO. It will be open from March 28, 2025, to April 3, 2025.

When will the Infonative Solutions IPO be allotted?

The Basis of Allotment will happen on Friday, April 4, 2025.

When will the Infonative Solutions IPO open for subscription?

The IPO subscription window will open on  March 28, 2025.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,600 shares.

When will Infonative Solutions Limited list on exchanges?

The listing date for Infonative Solutions Limited is Tuesday, April 8, 2025.

What is the issue size of the Infonative Solutions IPO?

The issue size of the Infonative Solutions IPO is up to ₹24.71 crore.

What are the open and close dates of the Infonative Solutions IPO?

The open and close dates for Infonative Solutions IPO are from March 28, 2025, to April 3, 2025.

What would be the listing gains on the Infonative Solutions IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting an Infonitive Solutions IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Infonative Solutions IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Infonative Solutions Limited using one PAN?

You can submit only one application using your PAN card.

How to read Infonative Solutions Limited's financial statements?

To read Infonative Solutions Limited’s financial statements, download the IPO’s  RHP document.

What is 'pre-apply' for the Infonative Solutions IPO?

Pre-apply allows investors to apply for the  Infonative Solutions IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Infonative Solutions Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Infonative Solutions Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Infonative Solutions IPO?

Kfin Technologies Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Infonative Solutions IPO getting listed?

Infonative Solutions IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE).