Infinity Infoway came to market through an SME IPO that opened on 30 September 2025 and closed on 3 October 2025, and the shares listed on 8 October 2025 on BSE SME. The price band was ₹147 to ₹155 per share and one lot was 800 shares, so the minimum application was ₹1,24,000. The issue size was ₹24.42 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt.Ltd was the registrar to the issue, and Holani Consultants Pvt.Ltd was the lead manager.
As of 3 October 2025.
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Infinity Infoway Limited, which was formed in 2008, is one of the top SaaS firms that provides customized cloud-based ERP (Enterprise Resource Planning) solutions. With a robust national presence, the company caters to industries such as education, manufacturing, retail, construction, CRM, SCM, and HR management.Its crown jewel is Campus Management System, which has been implemented in 26 universities. It provides effective student administration, attendance monitoring, exam management, and academic tracking.
Infinity also provides Industrial ERP solutions for sales, accounting, GST, CRM, and supply chain modules for small to medium-sized enterprises. It has implemented 13 industrial ERP software in the past 3 fiscals. Other services include:
Web development and digital learning websites Online exam portals and QPDS Custom ERP development Business process consulting ERP support and manpower outsourcing The clientele of the company comprises Nirma University, Saurashtra University, Shivaji University, Indian Institute of Science Education & Research, HiBond Cement, Davat Beverages, Kich – Steel for Life, to name a few.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
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Mr. Bhaveshkumar Dhirajlal Gadhethriya, Mr. Dhirajlal Bhanjibhai Gadhethariya, Mrs. Rinaben Bhaveshkumar Gadhethariya.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Infinity Infoway IPO was a ₹24.42 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹147–₹155 per share with a lot size of 800 shares; the minimum retail application was 1,600 shares (₹2,48,000). The IPO was open from September 30 to October 3, 2025 and was subscribed 277.28x. Shares listed on BSE SME on October 8, 2025 at ₹294.50, a 90.0% premium to the issue price of ₹155. Bigshare Services Pvt. Ltd. is the registrar.
Holani Consultants Pvt. Ltd. is the book running lead manager.
The price band of Infinity Infoway IPO is ₹147 to ₹155 per share.
The lot size of Infinity Infoway IPO is 800 shares.
The minimum investment for Infinity Infoway IPO is approximately ₹2,48,000 based on the upper price band.
The allotment date of Infinity Infoway IPO is Oct 6, 2025.
Infinity Infoway IPO's final recorded GMP before listing was ₹40 per share (a 26% premium over the ₹155 upper price band). The shares listed at ₹294.5. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Infinity Infoway IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Infinity Infoway IPO allotment status on Rupix for quick and easy access.
₹147 to ₹155 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 800 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,24,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,24,000, for one lot of 800 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 30 September 2025 and closed on 3 October 2025.
The basis of allotment was published on 6 October 2025 by Bigshare Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 8 October 2025 on BSE SME.
The issue size was ₹24.42 crore. The fresh issue was 15,75,200 shares (aggregating up to ₹24.42 crore).