Infonative Solutions IPO allotment: How to check status online on BSE, KFin Technologies

Infonative Solutions IPO allotment status will be finalised on Friday, April 4, and the finalisation details will be available on the portals of the BSE and KFin Technologies.

The BSE SME initial public offer of Infonative Solutions was subscribed 4.35 times during the subscription period.

According to the BSE data, retail individual investors (RIIs) have subscribed to 89,61,600 shares as against 21,07,200 shares on offer for the category, leading to a subscription of 4.25 times.

Non-institutional investors booked their portion 1.94 times, as they applied for 16,70,400 shares compared to 8,60,800 shares reserved for them.

The qualified institutional buyers (QIBs) part received application for 29,71,200 shares against 1,60,000 shares set aside for them, suggesting an 18.57 times subscription.

How to check Infonative Solutions IPO allotment status on BSE website

• Go to BSE's IPO allotment status page: https://bseindia.com/investors/appli_check.aspx.
• Keep the issue type as 'Equity'
• From the 'Issue Name' dropdown menu, select 'Infonative Solutions Limited'
• Enter either PAN card details or IPO application number
• Press the 'Search' button

How to check Infonative Solutions IPO allotment status on KFin Technologies

• Visit the KFin Technologies' official website: https://ris.kfintech.com/ipostatus/
• Select any one of the five links to check the IPO allotment status
• Select 'Infonative Solutions Ltd'
• Identify yourself using your Demat account number, IPO application number, or PAN.
• Click on ‘Submit’

Infonative Solutions IPO is a fresh issue of shares worth ₹24.71 crore. There is no offer-for-sale component.

Funds to the tune of ₹7.35 crore will be used to meet expenses of new products and courses, and ₹5 crore for working capital requirements. A part will also be used for general corporate purposes and unidentified acquisitions.

The price band has been set at ₹75 to ₹79 per share, and a lot consists of 1,600 shares, needing a minimum investment of ₹1,20,000.

The issue's sole merchant banker is Share India Capital Services Pvt Ltd.

Infonative Solutions IPO: Allotment and listing date

Infonative Solutions creates e-learning content, courseware, and cloud-based learning management systems (LMS).