Infonative Solutions share price: Stock lists at 20% discount on BSE SME

The stock debuted at ₹63.20, a discount of 20% against the issue price of ₹79 per share.

As the minimum bid size for retail individual investors was 1,600 shares, allottees were sitting at a loss of ₹25,280 per lot.

Infonative Solutions IPO was subscribed 4.35 times. The bidding was led by qualified institutional buyers (QIBs) who subscribed their portion 18.57 times, the non-institutional investors (NIIs) part was booked 1.94 times, while retail individual investors (RIIs) subscribed their quota 4.25 times.

Infonative Solutions IPO: All you need to know

• The ₹24.71 crore Infonative Solutions IPO was a fresh issuance of 31.28 lakh shares without an offer-for-sale component.
• The funds generated will be used to meet working capital needs, and general corporate purposes. It will also be utilised to meet expenses for the development of new products, courses and new features in the learning management system (LMS).
• The issue had a price band of ₹75 to ₹79 per share, and a lot consisted of 1,600 shares, requiring ₹1,26,400 investment.
• The book-running lead manager of the public offer was Share India Capital Services Pvt Ltd, while KFin Technologies Ltd was the registrar.

Founded in 2014, Infonative Solutions develops e-learning content and cloud-based LMS. It provides customised solutions for educational and corporate sectors, with a focus on instructional design, AR/VR content, gamification and software simulations.

The company posted a net profit of ₹3.64 crore for the first six-month period of the financial year 2024-25, while the revenue from operations was ₹11.42 crore.

The post-tax profit was ₹3.64 crore in FY24, compared to ₹1.07 crore in FY23. Its revenue in the fiscal year 2024 stood at ₹18.08 crore as against ₹20.95 crore in the previous year.