Infonative Solutions Limited has launched an IPO worth ₹24.71 crore through a book-built issue. It includes a completely fresh issue of 31.28 lakh shares. The funds raised will be used for:
Developing new products, courses, and features in their Learning Management System (LMS)
Purchasing laptops
Meeting working capital needs
Fulfilling general corporate purposes
Subscription and GMP Details
The IPO was well-received and got subscribed 4.53 times overall:
Retail category: 4.25 times
Non-Institutional Investors (NII): 2.15 times
Qualified Institutional Buyers (QIB): 18.57 times
As per market analysts, the Grey Market Premium (GMP) is ₹5, which is 6.3% higher than the IPO’s cap price. The highest GMP seen so far has been ₹14.
Listing and Allotment Information
The share allotment may be finalized on April 4, and shares will be credited to investors’ demat accounts by April 7. The stock is expected to be listed on the BSE SME platform on April 8.
How to Check IPO Share Allotment Status:
To check allotment status, follow these steps:
Visit KFin Technologies IPO Status Page
Click on any of the five available links
Select “Infonative Solutions Limited” from the IPO dropdown
Enter your PAN, application number, or demat details
Fill in the captcha and submit to view the status
About Infonative Solutions Limited
Infonative Solutions is a top provider of custom e-learning and digital learning solutions, mainly for corporate and educational clients. Their services include:
Custom e-learning content
LMS (Learning Management Systems)
Courseware and instructional design
Gamification, AR/VR-based content
Software simulations
Their client base includes Fortune 500 companies, Big 4 consulting firms, IT/ITES companies, educational institutions, and government bodies.
Financial Performance
FY24 Revenue: ₹18.08 crore
FY24 Profit After Tax (PAT): ₹1.45 crore
Revenue till September 30, 2024: ₹11.42 crore
PAT till September 30, 2024: ₹3.64 crore
