Infinity Infoway IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 30 to Oct 03 2025
Price Band
₹147 - 155
Current GMP
₹60(38.71%)
Subscription
277.24 times
IPO Details
| IPO Date | September 30, 2025 to October 3, 2025 |
| Listing Date | October 8, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹147 to ₹155 per share |
| Issue Price Final | ₹155 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,75,200 shares (aggregating up to ₹24.42 Cr) |
| Reserved for Market Maker | 79,200 shares (aggregating up to ₹1.23 Cr)Holani Consultants Pvt.Ltd. |
| Net Offered to Public | 14,96,000 shares (aggregating up to ₹23.19 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 38,77,000 shares |
| Share Holding Post Issue | 54,52,200 shares |
IPO Date
September 30, 2025 to October 3, 2025
Listing Date
October 8, 2025
Face Value
₹10 per share
Issue Price Band
₹147 to ₹155 per share
Issue Price Final
₹155 per share
Lot Size
800 Shares
Sale Type
Fresh Capital
Total Issue Size
15,75,200 shares (aggregating up to ₹24.42 Cr)
Reserved for Market Maker
79,200 shares (aggregating up to ₹1.23 Cr)Holani Consultants Pvt.Ltd.
Net Offered to Public
14,96,000 shares (aggregating up to ₹23.19 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Share Holding Pre Issue
38,77,000 shares
Share Holding Post Issue
54,52,200 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 157.14 |
| Non-Institutional Buyers*** | 548.99 |
| bNII (bids above ₹10L) | 649.06 |
| sNII (bids below ₹10L) | 348.85 |
| Individual Investors (IND category bidding for 2 Lots) | 303.35 |
| Employees | 0.77 |
| Total ** | 277.24 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
157.14
Non-Institutional Buyers***
548.99
bNII (bids above ₹10L)
649.06
sNII (bids below ₹10L)
348.85
Individual Investors (IND category bidding for 2 Lots)
303.35
Employees
0.77
Total **
277.24
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | EMP | Total |
|---|---|---|---|---|---|---|---|
| Day 1 Sep 30, 2025 | 3.51 | 0.52 | 0.63 | 0.30 | 0.34 | 0.11 | 1.14 |
| Day 2 Oct 1, 2025 | 3.51 | 2.90 | 2.64 | 3.41 | 3.40 | 0.53 | 2.99 |
| Day 3 Oct 3, 2025 | 157.14 | 548.99 | 649.06 | 348.85 | 303.35 | 0.77 | 277.24 |
DayDay 1
Sep 30, 2025
QIB (Ex Anchor)3.51
NII*0.52
NII (> ₹10L)0.63
NII (< ₹10L)0.30
Individual Investors0.34
EMP0.11
Total1.14
DayDay 2
Oct 1, 2025
QIB (Ex Anchor)3.51
NII*2.90
NII (> ₹10L)2.64
NII (< ₹10L)3.41
Individual Investors3.40
EMP0.53
Total2.99
DayDay 3
Oct 3, 2025
QIB (Ex Anchor)157.14
NII*548.99
NII (> ₹10L)649.06
NII (< ₹10L)348.85
Individual Investors303.35
EMP0.77
Total277.24
IPO Important Dates
| IPO Open Date | Tue, Sep 30, 2025 |
| IPO Close Date | Fri, Oct 3, 2025 |
| Tentative Allotment | Mon, Oct 6, 2025 |
| Initiation of Refunds | Tue, Oct 7, 2025 |
| Credit of Shares to Demat | Tue, Oct 7, 2025 |
| Tentative Listing Date | Wed, Oct 8, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 3, 2025 |
IPO Open Date
Tue, Sep 30, 2025
IPO Close Date
Fri, Oct 3, 2025
Tentative Allotment
Mon, Oct 6, 2025
Initiation of Refunds
Tue, Oct 7, 2025
Credit of Shares to Demat
Tue, Oct 7, 2025
Tentative Listing Date
Wed, Oct 8, 2025
Cut-off time for UPI mandate confirmation
5 PM on Fri, Oct 3, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1,600 | ₹2,48,000 |
| Individual investors (Retail) (Max) | 2 | 1,600 | ₹2,48,000 |
| S-HNI (Min) | 3 | 2,400 | ₹3,72,000 |
| S-HNI (Max) | 8 | 6,400 | ₹9,92,000 |
| B-HNI (Min) | 9 | 7,200 | ₹11,16,000 |
| Employee (Min) | 2 | 1,600 | ₹2,48,000 |
| Employee (Max) | 4 | 3,200 | ₹4,96,000 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares1,600
Amount₹2,48,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares1,600
Amount₹2,48,000
ApplicationS-HNI (Min)
Lots3
Shares2,400
Amount₹3,72,000
ApplicationS-HNI (Max)
Lots8
Shares6,400
Amount₹9,92,000
ApplicationB-HNI (Min)
Lots9
Shares7,200
Amount₹11,16,000
ApplicationEmployee (Min)
Lots2
Shares1,600
Amount₹2,48,000
ApplicationEmployee (Max)
Lots4
Shares3,200
Amount₹4,96,000
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 14.92 | 8.10 | 3.59 |
| Total Income | 13.48 | 10.35 | 5.38 |
| Profit After Tax | 4.19 | 3.47 | 0.94 |
| EBITDA | 6.16 | 4.91 | 1.46 |
| NET Worth | 12.68 | 5.03 | 1.58 |
| Total Borrowing | 0.23 | 0.48 | 0.70 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 202514.92
31 Mar 20248.10
31 Mar 20233.59
Period EndedTotal Income
31 Mar 202513.48
31 Mar 202410.35
31 Mar 20235.38
Period EndedProfit After Tax
31 Mar 20254.19
31 Mar 20243.47
31 Mar 20230.94
Period EndedEBITDA
31 Mar 20256.16
31 Mar 20244.91
31 Mar 20231.46
Period EndedNET Worth
31 Mar 202512.68
31 Mar 20245.03
31 Mar 20231.58
Period EndedTotal Borrowing
31 Mar 20250.23
31 Mar 20240.48
31 Mar 20230.70
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) |
|---|---|---|---|---|---|
| Infinity Infoway Ltd. | 11.26 | 11.26 | 32.70 | 33.06 | |
| Vertexplus Technologies Limited | 1.60 | 1.60 | 43.90 | 62.50 | 3.67 |
Company NameInfinity Infoway Ltd.
EPS (Basic)11.26
EPS (Diluted)11.26
NAV (per share) (Rs)32.70
P/E (x)
RoNW (%)33.06
Company NameVertexplus Technologies Limited
EPS (Basic)1.60
EPS (Diluted)1.60
NAV (per share) (Rs)43.90
P/E (x)62.50
RoNW (%)3.67
IPO Reservation
| Market Maker Shares Offered | 79,200 (5.03%) |
| QIB Shares Offered | 6,80,800 (43.22%) |
| − Anchor Investor Shares Offered | 4,08,000 (25.90%) |
| − QIB (Ex. Anchor) Shares Offered | 2,72,800 (17.32%) |
| NII (HNI) Shares Offered | 2,06,400 (13.10%) |
| − bNII > ₹10L | 1,37,600 (8.74%) |
| − sNII < ₹10L | 68,800 (4.37%) |
| Retail Shares Offered | 4,79,200 (30.42%) |
| Employee Shares Offered | 1,29,600 (8.23%) |
| Total Shares Offered | 15,75,200 (100.00%) |
Market Maker Shares Offered
79,200 (5.03%)
QIB Shares Offered
6,80,800 (43.22%)
− Anchor Investor Shares Offered
4,08,000 (25.90%)
− QIB (Ex. Anchor) Shares Offered
2,72,800 (17.32%)
NII (HNI) Shares Offered
2,06,400 (13.10%)
− bNII > ₹10L
1,37,600 (8.74%)
− sNII < ₹10L
68,800 (4.37%)
Retail Shares Offered
4,79,200 (30.42%)
Employee Shares Offered
1,29,600 (8.23%)
Total Shares Offered
15,75,200 (100.00%)
Information about company
Infinity Infoway Limited, incorporated in 2008, is a leading SaaS company specializing in customized cloud-based ERP (Enterprise Resource Planning) solutions. With a strong nationwide presence, the company serves sectors including education, manufacturing, retail, construction, CRM, SCM, and HR management.
Campus Management System is its flagship ERP platform, deployed in 26 universities. It enables efficient student administration, attendance tracking, exam scheduling, and academic monitoring.
Infinity also offers Industrial ERP solutions covering sales, accounting, GST, CRM, and supply chain modules, tailored for small to large enterprises. In the last 3 fiscals, it has deployed 13 industrial ERP software. Additional offerings include:
Web development and digital learning platforms
Online exam portals and QPDS
Custom ERP development
Business process consulting
ERP support and manpower outsourcing
The company’s clientele includes Nirma University, Saurashtra University, Shivaji University, Indian Institute of Science Education & Research, HiBond Cement, Davat Beverages, Kich – Steel for Life, among others.
Competitive Strengths
Expert Management Team with Industry Domain Knowledge
AI enabled products developed in line National Education Policy-2020.
Ensuring Successful ERP Implementation
Established Company with Strong Financial Performance
Robust Products & Services
Objectives of IPO
The Company Infinity Infoway IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Development of the Product ZEROTOUCH Device as a Service (“DaaS”).
3.75
2
Purchase of new IT Infrastructure and Certification
2.61
3
Funding of Tender Deposits and Earnest Money Deposits (EMD) towards Tenders
4.00
4
Funding the incremental Working Capital Requirements of our Company
8.58
5
General corporate purposes
Disclaimer
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