Infonative Solutions IPO listed at ₹63.20 on the BSE SME, marking a 20% discount from its issue price of ₹79 per share. The weak debut fell below expectations, resulting in a negative listing for investors.
Infonative Solutions IPO was subscribed 4.53 times overall, receiving bids for 1.34 crore shares against 29.71 lakh offered. Retail investors led with a 4.25x subscription, while QIBs subscribed 18.57 times. The total bid amount stood at ₹106.23 crore across 7,078 applications, reflecting strong demand despite the weak listing.
Infonative Solutions IPO listed at ₹63.20, lower than its issue price of ₹79, missing grey market expectations. With the last GMP at ₹0, the IPO saw no premium before listing, leading to a weak debut below the projected price.
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Details About Infonative Soultions
Infonative Solutions Limited, incorporated in 2014, is a custom learning solutions provider specializing in eLearning, instructional design, gamification, and cloud-based LMS. Its flagship product, MindScroll LMS, offers mobile-responsive online training solutions for industries like BFSI, IT, FMCG, and government agencies. The company aims to raise ₹24.71 crores through a fresh issue of 31.28 lakh shares at a price band of ₹75-₹79. The IPO has a retail quota of 35%, QIB at 50%, and HNI at 15%. Retail investors must bid for a minimum of 1,600 shares, requiring ₹1,20,000. With a scalable business model and strong client retention, the company reported improved profitability in FY24.
Infonative Soultions Financial Overview
As of September 30, 2024, Infonative Solutions reported total assets of ₹18.2 crores, reflecting steady growth from ₹14.37 crores in March 2024 and ₹13.53 crores in March 2023. The company’s total revenue for FY24 stood at ₹18.08 crores, slightly lower than ₹20.95 crores in FY23. However, profitability improved, with PAT rising to ₹1.45 crores in FY24 from ₹1.07 crores in FY23. Net worth increased to ₹10.11 crores, supported by reserves and surplus of ₹9.23 crores. The company’s borrowings stood at ₹1.97 crores in FY24, showing a decline from ₹2.49 crores in FY23, indicating a stronger financial position.
Infonative Solutions IPO Funds Deployment
- Development of new products, courses, and LMS features
- Purchase of laptops
- Working capital requirements
- General corporate purposes and unidentified acquisitions