Investors in Infonative Solutions faced a tough start when the company’s shares were listed on the BSE SME platform.
Even though the IPO was in high demand—subscribed over 4 times—the shares were issued at ₹79 but opened at just ₹63.20.
This caused an immediate loss of 20% for those who had invested.
Things got worse when the stock hit the lower circuit at ₹60.04 on the listing day, increasing the total loss to 24% for IPO investors.
IPO Fund Allocation and Subscription Details
Infonative Solutions raised ₹24.71 crore through its IPO, which was open from March 28 to April 3. The IPO was subscribed 4.53 times overall:
Qualified Institutional Buyers (QIBs): 18.57 times
Non-Institutional Investors (NIIs): 2.15 times
Retail Investors: 4.25 times
The company issued 31.28 lakh new shares (face value ₹1). Here’s how the funds will be used:
₹7.35 crore for improving its Learning Management System (LMS), launching new products and courses, and buying laptops
₹5 crore for working capital
The rest for general corporate purposes
Company Overview and Financial Snapshot
Founded in 2014, Infonative Solutions creates e-learning content and provides digital training for both companies and educational institutions.
It offers cloud-based LMS and serves major clients, including Fortune 500 firms and government organizations.
Financial Performance
FY 2022: Profit ₹2.23 crore, Revenue ₹18.63 crore
FY 2023: Profit ₹1.07 crore, Revenue ₹20.95 crore
FY 2024: Profit ₹1.45 crore, Revenue ₹18.08 crore
H1 FY 2025 (April–Sept 2024): Profit ₹3.64 crore, Revenue ₹11.42 crore
The company saw a dip in profits in FY 2023, but performance improved in FY 2024 and showed strong growth in the first half of FY 2025.
