Infonative Solutions came to market through an SME IPO that opened on 28 March 2025 and closed on 3 April 2025, and the shares listed on 8 April 2025 on BSE SME. The price band was ₹75 to ₹79 per share and one lot was 1600 shares, so the minimum application was ₹1,26,400. The issue size was ₹24.71 crore. The whole issue was fresh shares, so the money raised went to the company.
Kfin Technologies Limited was the registrar to the issue, and Share India Capital Services Private Limited was the lead manager.
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Founded in 2014, Infonative Solutions Ltd is a privately-held organization that deals in customized learning development solutions for corporate and educational markets. The organization deals with the development and designing of eLearning content, and services, such as providing cloud-based learning management systems (LMS) and other associated products. The organization deals in customized e-learning solutions, consulting, courseware, and off-the-shelf content, with specialization in LMS, instructional design, gamification, AR/VR-based content, and software simulations.
The firm offers innovative e-learning delivery services to customers such as Fortune 500 firms, Big 4 consultancies, IT/ITES, education, and government organizations across sectors such as BFSI, consulting, and FMCG. As of September 30, 2024, and as of March 31, 2024, the firm had an overall strength of 157 people.
As described in the offer document.
| Metric | 30-Sep-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
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Mr. Saurabh Kathuria, Mr. Abdur Rauf Rahmani, Mr. Yogeshh Goel. Promoter holding 94.13% before the issue and 69.28% after.
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.
Infonative Solutions IPO was a ₹24.71 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹75–₹79 per share with a lot size of 1,600 shares (₹1,26,400). The IPO was open from March 28 to April 3, 2025. Shares listed on BSE SME on April 8, 2025 at ₹63.20, a 20.0% discount to the issue price of ₹79. Kfin Technologies Limited is the registrar. Share India Capital Services Private Limited is the book running lead manager.
The price band of Infonative Solutions IPO is ₹75 to ₹79 per share.
The lot size of Infonative Solutions IPO is 1600 shares.
The minimum investment for Infonative Solutions IPO is approximately ₹1,26,400 based on the upper price band.
The allotment date of Infonative Solutions IPO is Apr 4, 2025.
You can check Infonative Solutions IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Infonative Solutions IPO allotment status on Rupix for quick and easy access.
₹75 to ₹79 per share, against a face value of ₹1. 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 1600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,26,400. After listing, SME shares also trade in lots rather than one share at a time.
₹1,26,400, for one lot of 1600 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 28 March 2025 and closed on 3 April 2025.
The basis of allotment was published on 4 April 2025 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 8 April 2025 on BSE SME.
The issue size was ₹24.71 crore. The fresh issue was 31,28,000 shares (aggregating up to ₹24.71 crore).