Infonative Solutions Ltd is a privately-owned, for-profit organization developing custom learning development solutions for clients across various industries. The nomenclature ‘Infonative Solutions’, is derived by combining the words, “Information Technology” and “Innovative Solutions” which reflects their core business ‑ supporting learning content solutions for the Corporate and Education sector.

Infonative Solutions, an Book Built Issue amounting to ₹ 24.71 Crores, consisting entirely an Fresh Issue of 31.28 Lakh Shares. The subscription period for the Infonative Solutions IPO opens on March 28, 2025, and closes on April 03, 2025. The allotment is expected to be finalized on or about Friday, April 04, 2025, and the shares will be listed on the BSE SME with a tentative listing date set on or about Tuesday, April 08, 2025.

The Share Price Band of Infonative Solutions IPO is set at ₹ 75 to ₹ 79 per equity share. The Market Capitalisation of the Infonative Solutions Limited at IPO price of ₹ 79 per equity share will be ₹ 93.59 Crores. The lot size of the IPO is 1,600 shares. Retail investors are required to invest a minimum of ₹ 1,26,400, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (3,200 shares), amounting to ₹ 2,52,800.

SHARE INDIA CAPITAL SERVICES PRIVATE LIMITED is the book running lead manager of the Infonative Solutions IPO, while KFIN TECHNOLOGIES LIMITED is the registrar for the issue. Share India Securities Limited is the Market Maker for Infonative Solutions IPO.

Infonative Solutions Limited IPO GMP Today
The Grey Market Premium of Infonative Solutions Limited IPO is expected to be ₹ 0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Infonative Solutions Limited IPO Live Subscription Status Today: Real-Time Updat
As of 07:00 PM on April 03, 2025, the Infonative Solutions Limited IPO live subscription status shows that the IPO subscribed 4.35 times on its Final day of subscription period. Check the Infonative Solutions IPO Live Subscription Status Today at BSE.

Infonative Solutions Limited Day Wise IPO GMP Trend

Date	IPO Price	Expected Listing Price	GMP	Last Updated
24 March 2025	₹ 79	₹ 79	₹ 0 (0.00%)	06:00 PM; 24 Mar 2025

Infonative Solutions Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Infonative Solutions IPO allotment date is 04 April, 2025, Friday. Infonative Solutions IPO Allotment will be out on 4th April, 2025 and will be live on Registrar Website from the allotment date. Check Infonative Solutions IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Infonative Solutions Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Infonative Solutions Limited IPO
Infonative Solutions proposes to utilise the Net Proceeds towards the following objects: 
1. ₹ 735.21 Lakhs is required to meet the expenses for development of new products, courses and new features in LMS and purchase of laptops;
2. ₹ 500.67 Lakhs is required to meet the working capital requirements; and,
3. To meet out the expenses for General corporate purposes and Unidentified Acquisitions.

Refer to Infonative Solutions Limited RHP for more details about the Company.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

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About Infonative Solutions Limited

Business Overview

Infonative Solutions Limited specializes in developing and designing e-learning content, services, courseware, and cloud-based Learning Management Systems (LMS). The name "Infonative Solutions" merges "Information Technology" and "Innovative Solutions", reflecting its core business in corporate and education sector learning solutions.

Founded in 2014 with a 10-seater office in Nehru Place, Delhi, the company rapidly expanded to a 50-seater office within a year, marking its growth trajectory. A strategic investment in Mindscroll (2018) strengthened its position by integrating advanced LMS solutions.

Currently, Infonative Solutions offers bespoke e-learning solutions, instructional design, gamification, AR/VR-based content, software simulations, and consulting services. Catering to Fortune 500 companies, Big 4 firms, IT enterprises, educational institutions, and government agencies, the company has a strong presence in India, the USA, and Malaysia. Key focus industries include BFSI, consulting, IT/ITES, education, oil & gas, and FMCG. Its solutions drive measurable value, optimize training costs, and amplify business impact.

As on March 31, 2024 and as on September 30, 2024, the Company have total strengths of 154 and 157 employee, respectively in various department. The Banker to the Company is ICICI Bank Limited.

Industry Analysis

India E-Learning Market Overview

The India e-learning market, valued at USD 10.24 billion in 2023, is expected to reach USD 28.46 billion by 2029, growing at a CAGR of 18.57%. The increasing penetration of affordable smartphones and widespread internet accessibility has significantly boosted e-learning adoption across both urban and rural regions.

Market Insights & Trends

• Learning Management Systems (LMS) Driving Growth
  The LMS segment is witnessing the highest CAGR of 20.57%, driven by the rising demand for online education, technological advancements, and the need for flexible learning. Educational institutions, corporations, and government agencies are increasingly adopting LMS platforms for efficient course delivery and management.

• Self-Paced Learning Leading the Market
  Self-paced learning held the largest market share in 2023, as learners increasingly opt for flexible, on-demand educational content. The accessibility of high-quality digital learning materials has fueled the segment’s dominance.

• Training Function as a Market Driver
  The training segment dominates the Indian e-learning market, offering diverse learning methodologies that ensure access to quality education across the country’s vast geography.

• Corporate E-Learning Expansion
  The corporate e-learning segment is growing at a CAGR of 20.38%, fueled by India's expanding IT and service sector, a young workforce, and increasing investments in employee training. With the rise of remote work, companies are focusing more on digital training solutions.

Evolution of Online Learning in India

E-learning startups gained momentum during the pandemic in 2020, and despite the reopening of institutions in 2022, hybrid learning has emerged as the new normal. Companies integrating both online and classroom-based education models have thrived post-pandemic. India currently hosts over 4,450 e-learning startups, catering to 300 million students globally.

Government initiatives have played a pivotal role in supporting the sector, with policies under the National Education Policy (NEP) and budget allocations in Union Budgets 2023-24 and 2024-25 focusing on digital infrastructure, teacher training, and skill development. Additionally, the rise of digital payments has further facilitated e-learning expansion.

Future Outlook

The growing emphasis on skill development and vocational training is addressing the workforce’s evolving needs. E-learning platforms are proving essential in delivering cost-effective and accessible education, closing the skills gap.

The sector is advancing with cutting-edge technologies such as Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT), making learning more adaptive and affordable. Given its rapid growth trajectory, India's e-learning industry is well-positioned to transform education and bridge the learning divide.

Business Strengths

1. Experienced Leadership & Skilled Management
Led by seasoned professionals with expertise in learning consultancy, instructional design, visual communication, and sales. Extensive industry experience across global markets ensures strong business alignment and strategic execution.

2. Scalable Digital Business Model
The eLearning model enables rapid expansion with minimal infrastructure and manpower costs. Digital platforms facilitate global reach, seamless content updates, and efficient distribution, leveraging advancements in cloud computing and mobile technology.

3. Market-Driven Training Solutions
A diverse portfolio of professional upskilling courses under the Mindscroll brand caters to high-demand skills, supporting career growth in areas like cybersecurity, AI, business consulting, and data science.

4. Growing Off-the-Shelf Content Library
Continuous expansion of ready-to-use eLearning content to meet evolving industry needs, incorporating emerging technologies such as virtual reality and gamification for enhanced learning experiences

Business Strategies

1. Client Acquisition & Relationship Expansion
Strengthen client base by acquiring new customers and deepening relationships with key accounts through research-driven insights and personalized engagement.

2. Business Portfolio Diversification
Expand into new sectors by leveraging expertise in eLearning and adapting to evolving technological demands.

3. Technology Enhancement & Human-Centric Approach
Innovate digital learning solutions to improve user experience, foster client retention, and drive industry transformation.

4. Geographical Expansion
Extend market reach beyond India, the USA, and Malaysia by establishing a presence in the Middle East, Europe, and additional regions in the USA.

5. Commitment to Quality
Maintain high standards in IT and ITES services to ensure repeat business, industry-relevant training, and enhanced brand value.

Business Risk Factors and Concerns

1. Significant Trade Receivables from a Related Party
More than 50% of the trade receivables as of September 30, 2024, amounting to ₹257.90 lakhs, are from Infonative Solutions Inc., a related entity operating in the USA. The company exclusively manages business development efforts and facilitates export revenue. A work order worth USD 3,50,000 from a Fortune 500 FMCG client contributed to the high trade receivables, pending per agreed payment terms.

2. Revenue Concentration from Key Clients
A significant portion of operational revenue in the last two financial years was derived from a leading client in the Management Consulting & Professional Services sector. However, for the six months ending September 30, 2024, this contribution declined to less than 30% of total revenue, indicating diversification in the customer base.

3. Dependence on Evolving Consumer Preferences
Business performance is influenced by shifting consumer preferences and behavior. The ability to attract and retain customers depends on accurately anticipating and adapting to market demands. Challenges in obtaining precise and timely feedback could impact service offerings, competitiveness, and overall financial stability.

Infonative Solutions Inc. benefits from strong trade receivables through its U.S. operations, a history of significant revenue from key clients, and a growing ability to diversify its income sources. However, adapting to evolving consumer preferences remains crucial for sustaining growth and profitability.